Form 10-K

Large accelerated filer

Accelerated filer

Non-accelerated filer

x (Do not check if a smaller reporting company)

Smaller reporting company

0001193125-12-129584.txt : 20120323 0001193125-12-129584.hdr.sgml : 20120323 20120323153101 ACCESSION NUMBER: 0001193125-12-129584 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 20 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120323 DATE AS OF CHANGE: 20120323 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lumos Networks Corp. CENTRAL INDEX KEY: 0001520744 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 800697274 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35180 FILM NUMBER: 12711843 BUSINESS ADDRESS: STREET 1: ONE LUMOS PLAZA STREET 2: P.O. BOX 1068 CITY: WAYNESBORO STATE: VA ZIP: 22980 BUSINESS PHONE: 540-946-3500 MAIL ADDRESS: STREET 1: ONE LUMOS PLAZA STREET 2: P.O. BOX 1068 CITY: WAYNESBORO STATE: VA ZIP: 22980 FORMER COMPANY: FORMER CONFORMED NAME: NTELOS Wireline One Inc. DATE OF NAME CHANGE: 20110513 10-K 1 d283580d10k.htm FORM 10-K Form 10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

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

For the fiscal year ended December 31, 2011

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

For the transition period from to .

Commission File Number: 001-35180

Lumos Networks Corp.

(Exact name of registrant as specified in its charter)

Delaware

80-0697274

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

One Lumos Plaza, Waynesboro, Virginia 22980

(Address of principal executive offices) (Zip Code)

(540) 946-2000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class		Name of each exchange on which registered
Common stock, $0.01 par value		The NASDAQ Stock Market LLC

Securities registered pursuant to Section 12(g) of the Act:

None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ¨ Yes x No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ¨ Yes x No

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. x Yes ¨ No

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

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x

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

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

As of June 30, 2011, the Registrant’s common stock was not publicly traded and accordingly its aggregate market value was $0.

There were 21,276,616 shares of the registrant’s common stock outstanding as of the close of business on March 16, 2012.

DOCUMENTS INCORORATED BY REFERENCE


Document		Incorporated Into
Proxy statement for the 2012 Annual Meeting of Stockholders		Part III

LUMOS NETWORKS CORP.

2011 ANNUAL REPORT ON FORM 10-K

TABLE OF CONTENTS



Part I

Item 1.	Business.	2

Item 1A.	Risk Factors.	11

Item 1B.	Unresolved Staff Comments.	23

Item 2.	Properties.	24

Item 3.	Legal Proceedings.	24

Item 4.	Mine Safety Disclosures.	24

Part II

Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.	25

Item 6.	Selected Financial Data	28

Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	30

Item 7A.	Quantitative and Qualitative Disclosures About Market Risk.	47

Item 8.	Financial Statements and Supplementary Data.	49

Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.	80

Item 9A.	Controls and Procedures.	80

Item 9B.	Other Information.	80

Part III

Item 10.	Directors, Executive Officers and Corporate Governance.	80

Item 11.	Executive Compensation.	80

Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.	81

Item 13.	Certain Relationships and Related Transactions, and Director Independence.	81

Item 14.	Principal Accountant Fees and Services.	81

Part IV

Item 15.	Exhibits, Financial Statement Schedules.	81

Signatures

PART I

FORWARD-LOOKING STATEMENTS

Any statements contained in this report that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. The words “anticipates,” “believes,” “expects,” “intends,” “plans,” “estimates,” “targets,” “projects,” “should,” “may,” “will” and similar words and expressions are intended to identify forward-looking statements. These forward-looking statements are contained throughout this report, for example in “Business,” “Risk Factors,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Such forward-looking statements reflect, among other things, our current expectations, plans and strategies, and anticipated financial results, all of which are subject to known and unknown risks, uncertainties and factors that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. Many of these risks are beyond our ability to control or predict. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained throughout this report. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. These risks and other factors include those listed under “Risk Factors” and elsewhere in this report. Furthermore, forward-looking statements speak only as of the date they are made. We do not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise.

Item 1.

Business.

Separation from NTELOS Holdings Corp.

On October 31, 2011, Lumos Networks Corp. (“Lumos Networks,” the “Company,” “we,” “us” or “our”) became an independent, publicly traded company as a result of our spin-off from NTELOS Holdings Corp. (“NTELOS”). On October 14, 2011, NTELOS announced a distribution date of October 31, 2011 for the spin-off of all of the issued and outstanding shares of common stock of Lumos Networks Corp., which operated NTELOS’s wireline operations (the “Business Separation”). Prior to and in connection with the Business Separation, following the market close on October 31, 2011, NTELOS effectuated a 1-for-2 reverse stock split (the “Reverse Stock Split”) of its shares of common stock. The spin-off of Lumos Networks was in the form of a tax-free stock distribution to NTELOS stockholders of record as of the close of business on October 24, 2011, the record date (the “Distribution”). On October 31, 2011, NTELOS distributed one share of Lumos Networks common stock for every share of NTELOS common stock outstanding, on a post-Reverse Stock Split basis. As of November 1, 2011, our common stock publicly trades on The NASDAQ Stock Market LLC (“NASDAQ”) under the ticker symbol “LMOS.”

Lumos Networks Overview

We are a fiber-based network service provider in the Mid-Atlantic region. We have a six state regional presence in western Virginia, West Virginia, and portions of Pennsylvania, Maryland, Ohio and Kentucky, with an approximate 5,800 route-mile fiber-optic network as of December 31, 2011. We serve a wide range of customers, including telecommunication carriers, enterprise and other business customers and residential customers over a dense fiber network offering data, voice, and IP-based services utilizing an on-network service strategy.

We have two reportable business segments, which conduct the following principal activities:

•

Competitive—high capacity transport services, data and voice services marketed primarily to enterprise customers through our competitive local exchange carrier (“CLEC”) and Internet Service Provider (“ISP”) operation and wholesale carriers’ carrier operations; and

•

Rural Local Exchange Carrier (“RLEC”)—wireline communications services offered to residential and enterprise customers in the western Virginia cities of Waynesboro and Covington, and portions of Alleghany, Augusta and Botetourt counties.

Our primary objective is continued growth and profitability by being the preferred provider of high bandwidth data products in our six state region. Our strategy is to (i) leverage our network assets with sales of data and IP based services to new and existing regional enterprise and government customers; (ii) expand the Competitive segment to add additional on-net locations and connect additional wireless carrier cell sites and networks; (iii) continue to provide high quality customer service with low churn and a compelling value proposition; and (iv) generate cash flow from the RLEC customer base with additional sales of fiber based broadband and IP video services to our RLEC customer base and targeted non-RLEC developments.

We also follow a strategy of being first to offer in our regional markets technology and services first introduced in metropolitan areas by large national service providers, including high speed transport, wavelengths and Metro Ethernet. Our tradition of service and innovation and our diversified portfolio of products are attractive to carriers with needs for transport and fiber to the cell site and to regional enterprise customers seeking high quality data and IP services and interconnection to data centers in the region.

For detailed financial information about our business segments, see Note 4 to the audited consolidated financial statements contained in Part II, Item 8. of this Annual Report on Form 10-K and for a detailed review of our financial performance and results of operations by business segment, see Part II, Item 7. Managements’ Discussion and Analysis of Financial Condition and Results of Operations of this Annual Report on Form 10-K.

We conduct all of our business through our wholly-owned subsidiary Lumos Networks Operating Company and its subsidiaries. Our principal executive offices are located at One Lumos Plaza, Waynesboro, Virginia 22980. The telephone number at that address is (540) 946-2000.

Business Segments

Competitive

The Competitive segment was launched in 1998 offering voice service but now focuses on data and IP based services. As of December 31, 2011, the Competitive business currently serves more than 100 areas in Virginia, West Virginia and portions of Pennsylvania, Maryland, Ohio and Kentucky over an approximately 5,800 route-mile fiber network. We market and sell data transport, IP-based services and voice services almost exclusively to business and carrier customers. As of December 31, 2011, we had approximately 122,000 CLEC lines and approximately 35,700 broadband network connections in service, of which approximately 95% are business lines. We also finished the year with over 98% broadband capability in our RLEC markets. Revenues from the Competitive segment accounted for approximately 75%, 61% and 54% of our total revenue for the years ended December 31, 2011, 2010 and 2009, respectively. Pro forma to include the FiberNet acquisition for the year ended December 31, 2010, the Competitive segment accounted for approximately 73% of our total revenue.

The Competitive operations are based on an “edge-out” strategy that seeks to take advantage of our fiber network and established RLEC back-office systems in order to deliver a high incremental return on investment to our core business. Technicians, vehicles, operations and support systems, network planning and engineering, billing and core network assets are shared between our segments.

In addition to utilizing a successful “edge-out” strategy, our Competitive business has also benefited from a commitment to an “on-net” access strategy for a true facilities-based approach. We have been disciplined in our decision to expand the Competitive network and generally require proven customer demand before we make such investment decisions. In addition to the higher-margin revenues that are characteristic of on-net expansion, we have also been able to deliver other competitive services such as high-bandwidth internet access and Metro Ethernet transport services as a direct result of on-net connectivity growth. Our dedication to the facilities-based strategy, combined with our commitment to customer service, has proven successful in attracting large customers in key vertical markets. Specifically, the education, healthcare, financial, and government sectors have been particularly receptive to our Competitive business model.

Through our wholesale carriers’ carrier network, we offer other carriers access to our approximately 5,800 route-mile fiber network which provides connectivity to regional cities, carrier switches and cell sites across the Mid-Atlantic region. We sell backhaul services to major wireline and wireless carriers including connectivity to cell sites located near our fiber network in our Competitive and RLEC markets. We finished 2011 with almost 150 cell sites connected to our network and have plans to more than double that total in 2012. Through interconnections with other regional fiber networks, we are able to extend our network east to Richmond, Virginia and south to areas in north central North Carolina.

We have also invested in fiber-to-the-home, which passed approximately 14,800 homes as of December 31, 2011. The fiber network provides the foundation for IP-based video services, currently up to 20 Mbps high speed Internet services and will allow us to offer future high-bandwidth applications as they evolve. While our RLEC subsidiary owns the fiber, the products are sold through the Competitive segment. The Competitive segment purchases basic fiber services from the RLEC but provides its own sales, customer service and customer equipment. The intercompany revenue is eliminated in our consolidated statements of operations.

RLEC

Our incumbent local exchange carrier business is conducted through two subsidiaries that qualify as RLECs under the Telecommunications Act. These two RLECs provide wireline communications services to residential and enterprise customers in the western Virginia cities of Waynesboro and Covington, and portions of Alleghany, Augusta and Botetourt counties. As of December 31, 2011, we operated approximately 33,200 RLEC telephone access lines, 3,700 of which are fiber-fed and have IPTV-based video services and broadband Internet access with speeds up to 20Mbps (approximately 25% penetration of homes passed). In 2010, we received a federal broadband stimulus award to bring broadband services and infrastructure to Alleghany County, Virginia. The total project in Alleghany is expected to cost $16 million, 50% ($8 million) of which is being funded by the grant from the federal government. The project is required to be completed in 2015.

We anticipate significant access revenue declines in the RLEC segment as a result of recent actions taken by applicable regulatory authorities, principally the Federal Communications Commission (“FCC”) and the Virginia State Corporation Commission (“SCC”). Access revenue also will be negatively impacted by network grooming by carriers, which commenced in 2011 and is expected to continue in 2012 and beyond. On November 18, 2011, the FCC released a significant order on access reform and Universal Service Fund (“USF”) reform. In the order, the FCC determined that interstate and intrastate access charges, as well as local reciprocal compensation, should be eliminated entirely over time (see Access Charges and Universal Service in “Regulation”).

Products and Services

We offer a wide variety of voice services to our RLEC and Competitive customers, including:


Voice Service		• Business and residential telephone local and long distance service for the Competitive and RLEC customer base including calling features

Primary Rate ISDN Services		• High capacity connections between customers’ private branch exchange, or PBX, equipment and public switched telephone network

In addition to traditional voice services, we provide broadband and data services including:


High-Speed DSL Access		• DSL technology that enables a customer to receive high-speed Internet access through a copper telephone line at speeds up to 6 Mbps

Broadband XL		• High speed Internet access over fiber available in portions of our RLEC markets at speeds from 10 to 20 Mbps

Video		• IPTV-based video services with 300 channels, including 67 high definition, and video-on-demand and DVR capability • Available in new subdivisions and overbuild areas within the RLEC and in one area in each of Lynchburg, Harrisonburg and Staunton, Virginia • Powered by Microsoft Mediaroom IPTV platform

Metro Ethernet		• Ethernet connectivity among multiple locations in the same city or region over our fiber optic network

		• Used by wireless carriers as backhaul replacement for private line services for migration to 4G network services

		• Speed ranging from 1.5 Mbps to 1 Gbps


IP Services		• IP-enabled product offerings that combine voice and data services over a dedicated broadband facility utilizing VoIP protocols • Allows customers to dynamically allocate bandwidth to maximize voice and data transmissions • Enables advanced features such as simultaneous ring, remote office, business continuity and fixed mobile convergence • Product offerings include Integrated Access, IP Centrex, and IP Trunking

High-capacity Private Line Service and Wavelength Services		• High-capacity, non-switched facilities provided to end users and carriers for voice and data applications. Wavelength technology is a means to efficiently utilize fiber in broadband applications and provide high-capacity bandwidth

Sales, Marketing and Customer Care

The Competitive and RLEC segments share sales, marketing, and customer care resources. We seek to capitalize on technology leadership, positive service reputation and local presence of sales and service personnel in our marketing efforts. We have retail presence located in Waynesboro, Daleville and Covington, Virginia to allow walk-in payments and sell new services to RLEC customers. Customer care is provided through call centers which are located in Waynesboro and Daleville, Virginia and Charleston, West Virginia. The call center operation is supported by an integrated systems infrastructure and automated linkages to our billing, operations, and engineering systems. We provide customer care and operations representatives with incentives to up-sell additional products and features and to retain current customers that may wish to disconnect services.

We serve three groups of customers: RLEC residential and small businesses, mid-size and larger regional businesses within the Competitive and RLEC areas, and regional and national wireline and wireless carriers. For RLEC residential and small businesses, we focus our marketing efforts on selling bundled services and higher revenue-generating services to maximize penetration, average monthly revenues-per-unit-in-service (“ARPU”) and retention. We use Salesforce.com to manage our opportunities within all of our sales channels. We have an inside sales and customer service team that works to retain customers and offer additional revenue-generating services, including residential and small business voice, broadband and IPTV services. We also have a team of service professionals who focuses on proactively contacting customers near renewal dates and working to retain customers who call in to discontinue service. For mid-size and regional firms, we offer voice, basic and high capacity broadband data services and advanced IP-based services, including Metro Ethernet. We retain account executives to cultivate relationships with these customers to meet their integrated communications needs and provide state of the art communication and network solutions. We strive to drive scale for on-net connectivity to control service quality and maximize the return on our network investments. The wholesale business offers transport, interconnection and fiber-to-the-cell site services to regional and national carriers throughout our six state region.

Plant and Equipment

Our network includes two Alcatel-Lucent 5ESS digital switches, which provide end-office functions for both the RLEC and Competitive businesses in Virginia. Our Waynesboro, Virginia switch also acts as an access tandem for our RLEC and Competitive segments and portions of other carriers’ traffic. Another Alcatel-Lucent 5ESS digital switch located in Charleston, West Virginia, supports the Competitive business in West Virginia. We have seven remote switching modules deployed throughout our RLEC territory and three more supporting our Competitive areas. VITAL, a company for which we serve as the managing partner, acts as a regional node on TNS’s (an inter-operability solution provider) nationwide SS7 network using a pair of Tekelec signal transfer points located on our premises.

We use Alcatel-Lucent, Tellabs, Adtran and Cisco digital loop carriers and Digital Subscriber Line Access Multiplexer throughout our RLEC and Competitive networks to provide voice and broadband access services. Our centralized network operations center monitors data networks on a continuous basis using IBM-based network management systems. We provide native Ethernet data services via our 10Gig core Cisco Systems, Inc. data network and IP-enabled voice services using soft switches from Cisco Systems, Inc. and Metaswitch. Enhanced IP services are delivered via feature servers provided from Broadsoft. We have also deployed a Head-End utilizing a combination of Tandberg, Cisco and Motorola hardware and we utilize Microsoft’s Mediaroom software to deliver IPTV-based video services.

Competition

Several factors have resulted in increased competition in the landline telephone market, including:

•

expansion of wireless networks and pricing plans which offer very high usage at a fixed cost, resulting in wireless substitution;

•

IP-based voice and data services offered by incumbent cable companies;

•

technological advances in the transmission of voice, data and video;

•

development of fiber optics, wireless data and IP technology; and

•

legislation and regulations, including the Telecommunications Act of 1996, designed to promote competition.

As the RLEC for Waynesboro, Clifton Forge and Covington and portions of Alleghany, Augusta and Botetourt Counties, Virginia, we have competition from cable companies and are subject to competition from wireless carriers. A portion of residential customers moving into our service area do not purchase landline phone service. Although no CLECs have entered our incumbent markets to compete with us, it is possible that one or more may enter our markets. Voice over Internet Protocol (“VoIP”) based carriers like Vonage could take voice customers from our RLECs using existing broadband connections (such as DSL or cable modem connections). To minimize potential competition in the RLEC markets, we offer fiber-to-the-home and a variety of bundled services for broadband, voice and video.

Our Competitive operations compete primarily with ILECs, incumbent cable operators, and to a lesser extent CLECs. We also face competition from potential future market entrants. In the last year, we have seen increasing competition from the cable operators and ILECs for metro-Ethernet services to mid-size businesses. To be competitive, we position our company as a leading edge provider with a full portfolio of broadband and IP-based services and the theme that our “technology comes with people.”

The Internet industry is characterized by the absence of significant barriers to entry and the rapid growth in Internet usage among customers. As a result, we expect that our competition will increase from market entrants offering high-speed data services, including DSL, cable and wireless access. Our competition includes:

•

local, regional and national Internet service providers such as AT&T, Level 3, Verizon, Zayo, Frontier, Windstream and CenturyLink;

•

cable modem services offered by incumbent cable providers such as Comcast, Shentel, Cox, Time Warner and Suddenlink;

•

wireless providers offering services based on EV-DO, Worldwide Interoperability for Microwave Access (“Wi-Max”) or other technologies; and

•

small local providers in southwest Virginia enabled by the Virginia Tobacco Commission investment in fiber optic infrastructure.

Many of our competitors have financial resources, corporate backing, customer bases, marketing programs and brand names that are greater than ours. Additionally, competitors may charge less than we do for Internet services, causing us to reduce, or preventing us from, raising our fees.

Employees

As of December 31, 2011, we employed 518 full-time and 6 part-time employees. Of these employees, 67 are covered by a collective bargaining agreement that expires June 30, 2014. We believe that we have good relations with our employees.

Access to Public Filings

We routinely post important information on our website at www.lumosnetworks.com. Information contained on our website is not incorporated by reference into this annual report on Form 10-K. We provide public access to our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to these reports filed with the U.S. Securities and Exchange Commission (“SEC”) under the Securities Exchange Act

of 1934. These documents may be accessed free of charge on our website at the following address: http://ir.lumosnetworks.com. These reports are available as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC.

Regulation

The following summary does not describe all present and proposed federal and state legislation and regulations affecting the telecommunications industry. Some legislation and regulations are currently the subject of judicial proceedings, legislative hearings and administrative proposals which could change the manner in which this industry operates. Neither the outcome of any of these developments, nor their potential impact on us, can be predicted at this time. Regulation can change rapidly in the telecommunications industry, and such changes may have an adverse effect on us in the future. See “Risk Factors” elsewhere in this report.

Regulation Overview

Our communications services are subject to varying degrees of federal, state and local regulation. Under the federal Telecommunications Act, the FCC has jurisdiction over interstate and international common carrier services. In 1996, Congress enacted the Telecommunications Act of 1996 which amended the Communications Act and mandated significant changes in telecommunications rules and policies to promote competition, ensure nationwide availability of telecommunications services and to streamline regulation of the telecommunications industry to remove regulatory burdens as competition develops. As a result, the FCC has jurisdiction over certain aspects of local interconnection between carriers.

In addition to FCC regulation, our communications services are regulated to different degrees by state public service commissions and by local authorities. Such local authorities have jurisdiction over public rights-of-way and video and telecommunications franchises.

Intercarrier compensation includes regulated interstate and intrastate access charges that we and other ILECs and CLECs receive from long distance carriers for the origination and termination of long distance calls and reciprocal compensation that interconnected local carriers pay to each other for terminating interconnected local and wireless calls. On average, intrastate switched access charges, which are currently regulated by state public utility commissions, are generally higher than interstate switched access charges, which are regulated by the FCC, and in turn interstate switched access charges are generally higher on a per-minute basis than are reciprocal compensation rates.

Our operations are subject to various federal and state laws intended to protect the privacy of customers who subscribe to our services. The FCC has regulations that place restrictions on the permissible uses that we can make of customer-specific information, known as Customer Proprietary Network Information (“CPNI”), received from subscribers and that govern procedures for release of such information. On November 1, 2008, the Federal Trade Commission’s “Red Flag” rules went into effect and the Federal Trade Commission began to enforce those rules on December 31, 2010. Among other requirements, the Red Flag Rules require that companies develop and implement written Identity Theft Prevention programs. The Federal Trade Commission is considering additional regulations governing on-line behavioral marketing and consumer privacy. Congress, federal agencies and states also are considering imposing additional requirements on entities that possess consumer information to protect the privacy of consumers.

Many of the services we offer are unregulated or subject only to minimal regulation. Internet services are not considered to be common carrier services, although the regulatory treatment of certain Internet services, including VoIP services, is evolving and still uncertain. To date, the FCC has, among other things, directed providers of certain VoIP services to offer E-911 emergency calling capabilities to their subscribers, applied the requirements of the Communications Assistance for Law Enforcement Act, or CALEA, to these VoIP providers, determined that the VoIP providers are subject to federal universal service assessments and must pay access charges at interstate rates. The FCC has preempted states from exercising entry and related economic regulation of nomadic VoIP providers but the FCC has not preempted state regulation of fixed VoIP service commonly offered by cable operators.

Federal Regulation of Interconnection and Interexchange Services

The Communications Act requires all common carriers to interconnect on a non-discriminatory basis with other carriers, imposes additional requirements on incumbent local exchange carriers (such as our RLEC’s), and imposes even more comprehensive requirements on the largest ILECs. The large ILECs are required to provide to our CLECs and other competitors physical collocation to allow competitors to place qualifying equipment in ILEC central offices; to unbundle some of their services into unbundled network elements (“UNE”) at “forward looking” rates, permit resale of some of their services, provide access to poles, ducts, conduits and rights-of-way, and to establish reciprocal compensation for the transport and termination of local traffic. In order to obtain access to an ILEC network, a CLEC must negotiate an interconnection agreement or “opt-in” to an existing interconnection

agreement. These agreements cover, among other items, reciprocal compensation rates and required UNEs. If the parties cannot agree on the terms of an interconnection agreement, the matter is submitted to the applicable state public utility commission or to the FCC, as appropriate, for binding arbitration. The obligations of the large ILECs to provide these network facilities and services are in flux and could be further altered or removed by new legislation, regulations or court order.

ILEC operating entities that serve fewer than 50,000 lines are defined as “rural telephone companies” under the Communications Act and are exempt from the additional requirements applicable to the large ILECs unless and until such exemption is removed by the state regulatory body. Each of our RLEC operations is considered separately and each is currently exempt from the requirements imposed on the largest ILECs. Lumos Telephone Inc. is an “average schedule” company for purposes of interstate access charges. Lumos Telephone Inc. participates in the common line pool tariff administered by the NECA and therefore charges subscriber line charges computed by NECA, but files its own traffic sensitive (i.e., “per-minute”) tariff to establish interstate access rates applicable to switching and transport of telecommunications traffic. R&B Telephone Company is a “rate-of-return” company for purposes of interstate access charges and participates in NECA’s common line pool and NECA’s traffic sensitive pool.

Access Charges and Universal Service

The FCC has reformed and continues to reform the structure of the federal access charge system. On November 18, 2011, the FCC released a significant order on access reform and USF reform. In the order, the FCC determined that interstate and intrastate access charges, as well as local reciprocal compensation, should be eliminated entirely over time. The FCC therefore adopted a uniform national bill-and-keep framework as the ultimate end state for all telecommunications traffic exchanged with any local exchange carrier. Price Cap carriers will be at bill-and-keep in eight years and Rate-of-Return carriers will be at bill-and-keep in 11 years.

In the initial phase of the transition to bill-and-keep, intrastate end office switching rates for terminating traffic, carrier common line charges on terminating traffic, and certain intrastate, transport rates associated with terminating traffic are to be brought to interstate rates “within two steps by July 2013.” VOIP providers must begin paying access charges at the federal rate level. The FCC has issued a further Notice of Proposed Rulemaking to seek comment on, among other things, the treatment/transition for originating access and for the transport elements not included in the initial order.

The FCC will permit carriers to raise end user rates to recover a portion of the loss in access charge revenues. This mechanism is the Access Recovery Charge (“ARC”). The maximum ARC for residential customers will be $3 per month after six years. Multi-line business customers will have their Subscriber Line Charge and ARC combined capped at $12.20 per line. In addition, RLECs will be able to recover a portion of lost access revenues from a new Connect America Fund (“CAF”). This recovery will be calculated initially based on fiscal year 2011 switched access revenues and reciprocal compensation revenues and that baseline will decline at five percent annually.

In the order, the FCC established an annual cap on the “high cost” portion of USF of $4.5 billion per year in each of the next six years. This $4.5 billion will be the sole funding source for the existing support mechanisms (high-cost loop, switching support, safety net, etc.); and for the CAF. The FCC has designated approximately $2 billion of the $4.5 billion annually from this fund for RLECs through 2017.

The order also affects our Competitive operations. CLECs are required to “mirror” the access charges of the large ILECs in whose service area the CLEC competes. As the large ILECs move toward bill-and-keep for access charges, our CLECs will be mirroring those reductions. In addition, our legacy FiberNet operations in West Virginia have been designated as an Eligible Telecommunications Carrier and receives USF funding. USF funding for CLECs will decrease by 20% annually and thus be eliminated in five years.

Intercarrier compensation reform will result in significant decreases in the access charge revenues received by our rural telephone companies.

Net Neutrality. Proposals in Congress and at the FCC that would regulate the manner in which providers of high-speed Internet service may manage their networks or utilize data from their customers could affect our ability to manage our network and market IP-based value-added services to our customers. These proposals are sometimes referred to as “Internet regulation” or “net neutrality” proposals. It is uncertain whether any such regulations will be adopted or enforcement actions taken, and if so, what impact they may have on our business. The FCC in 2005 adopted a policy statement expressing its view that consumers are entitled to access lawful Internet content and to run applications and use services of their choice, subject to the needs of law enforcement and reasonable network management techniques. On December 23, 2010, the FCC adopted “net neutrality” rules requiring fixed and mobile

broadband Internet service providers (ISPs) to be transparent about their service terms, service performance, and network management practices; prohibiting fixed broadband ISPs from blocking lawful content, applications, services, or nonharmful devices, except as required for reasonable network management; prohibiting mobile broadband ISPs from blocking lawful websites or applications that compete with their voice and video services; and prohibiting fixed broadband ISPs from engaging in unreasonable discrimination with respect to the transmission of Internet traffic. These net neutrality rules are the subject of an appeal in the federal courts.

State Regulation of RLEC, CLEC and Interexchange Services

Most states require wireline telecommunications providers to obtain authority from state regulatory commissions prior to offering common carrier services. State regulatory commissions generally regulate RLEC rates for intrastate services, including rates for intrastate access services paid by providers of intrastate long distance services. RLECs must file tariffs setting forth the terms, conditions and prices for their intrastate services. Our RLECs are subject to regulation in Virginia by the SCC. Our tariffs are approved by and on file with the SCC for RLEC services in our certificated service territory in and around Waynesboro and Covington, Virginia and in portions of Alleghany, Augusta, and Botetourt Counties, Virginia. In addition, the SCC establishes service quality requirements applicable to RLECs, including ours, and resolves disputes involving intrastate communications services.

In its 2010 session, the Virginia General Assembly enacted legislation requiring all Virginia local exchange carriers to eliminate carrier common line charges from their interstate access charges. For our two ILECs, the SCC approved the schedule for reducing and eliminating these charges beginning on January 1, 2012 and completely eliminating carrier common line charges by January 1, 2015.

In Virginia and West Virginia, CLECs’ intrastate switched access charges are capped at the higher of the CLEC’s interstate switched access charge or the intrastate switched access charge of the ILEC (or the average of all ILECs) providing service in the territory served by the CLEC. The Telecommunications Act preempts state statutes and regulations that restrict entry into the telecommunications market. As a result, we can provide the full range of competitive intrastate local and long distance services in all states in which we currently operate and in any states into which we may expand. We are certificated as a CLEC in Virginia, West Virginia, Pennsylvania, Maryland, Ohio and Kentucky. Although we file tariffs covering our CLEC services, our rates for such CLEC services generally fluctuate based on market conditions.

Local Government Authorizations

Certain governmental authorities require permits to open streets for construction and/or telecommunications franchises to install or expand facilities. Video franchises are also required for our video services. We obtain such permits and franchises as required.

The 2006 Virginia Cable Act provides for “negotiated” CATV franchises and “ordinance” CATV franchises. All new entrants must first attempt to negotiate a cable franchise with a locality. Should the negotiations not result in the granting of a franchise during a 45-day negotiation period, the applicant can elect to accept a default ordinance cable franchise that authorizes the applicant to begin offering CATV services 75 days after the initial negotiated franchise request, subject to the applicant abiding by certain requirements set forth in the statute. In September of 2006, we obtained a negotiated franchise in Waynesboro and an ordinance franchise in Botetourt County. Augusta County does not have a franchise requirement and, accordingly, we did not need to obtain a franchise prior to offering video services in Augusta County. In October of 2007, we obtained a negotiated franchise in Lynchburg for a new mixed-use residential development called Cornerstone. On January 12, 2009, we requested a negotiated franchise in Harrisonburg for a residential development called Liberty Square, but Harrisonburg has failed to act on that request. In 2010, we obtained video franchises from the City of Staunton for the Gypsy Hill Development and from Alleghany County, Covington, Clifton Forge, and Iron Gate.

Retransmission Consent. Local television stations may require that a video provider obtain “retransmission consent” for carriage of the station’s signal, which can enable a popular local television station to obtain concessions from video providers for the right to carry the station’s signal.

Item 1A.

Risk Factors.

RISK FACTORS

The following risk factors and other information included in this Form 10-K should be carefully considered. The risks and uncertainties described below are not the only ones we face. Additional risks and uncertainties not presently known to us or that we currently deem immaterial also may adversely impact our business operations. Our business, financial condition or results of operations could be materially adversely affected by any or all of these risks.

Risks Relating to Our Business

The telecommunications industry is generally characterized by rapid development, introduction of new technologies, substantial regulatory changes and intense competition, any of which could cause us to suffer price reductions, customer losses, reduced operating margins and/or loss of market share.

The telecommunications industry has been, and we believe will continue to be, characterized by several trends, including the following:

•

rapid development and introduction of new technologies and services, such as VoIP, high speed data services, or other technologies;

•

substantial regulatory change due to the continuing efforts of the FCC to reform intercarrier compensation, to modify USF availability, and to limit availability of UNEs used by CLECs under the Telecommunications Act of 1996;

•

increased competition within established markets from current and new market entrants that may provide competing or alternative services;

•

an increase in mergers and strategic alliances that allow one telecommunications provider to offer increased services or access wider geographic markets; and

•

the blurring of traditional dividing lines between, and the bundling of, different services, such as local telephone, long distance, wireless, video, data and Internet services.

We expect competition to intensify as a result of new competitors and the development of new technologies, products and services. Some or all of these trends may cause us to have to spend significantly more in capital expenditures than we currently anticipate in order to keep existing and to attract new customers. Many of our voice and data competitors, such as cable providers, wireless service providers, Internet access providers and long distance carriers have brand recognition, a national presence and financial, personnel, marketing and other resources that are significantly greater than ours. In addition, due to consolidation and strategic alliances within the telecommunications industry, we cannot predict the number of competitors that will emerge, especially as a result of existing or new federal and state regulatory or legislative actions. Such increased competition from existing and new entities could lead to price reductions, loss of customers, reduced operating margins and/or loss of market share.

As competition develops and technology evolves, federal and state regulation of the telecommunications industry continues to change rapidly. We anticipate that this state of regulatory flux will persist in the future, as the FCC and state regulators respond to competitive, technological, and legislative developments by modifying their existing regulations or adopting new ones.

Taken together or individually, new or changed regulatory requirements affecting any or all of the local and long distance industries may harm our business and restrict the manner in which we operate our business. The enactment of adverse regulation or regulatory requirements may slow our growth and have a material adverse effect upon our business, results of operations and financial condition. For a discussion of recent developments in this area, see the “Regulation” section above.

Adverse economic conditions may harm our business.

Economic conditions may not improve or may decline further for the foreseeable future. Unfavorable economic conditions, including the recession and recent disruptions to the credit and financial markets, could cause customers to slow spending. If demand for our services decreases, our revenues would be adversely affected and churn may increase. In addition, during challenging economic times our customers may face issues gaining timely access to sufficient credit, which may impair the ability of our customers to pay for services they have purchased. Any of the above could have a material effect on our business, financial position, results of operations and cash flows.

We are also susceptible to risks associated with the potential financial instability of the vendors and third parties on which we rely to provide services or to which we outsource certain functions. The same economic conditions that may affect our customers could also adversely affect vendors and third parties and lead to significant increases in prices, reduction in quality or the bankruptcy of our vendors or third parties upon which we rely. Any interruption in the services provided by our vendors or by third parties could adversely affect our business, financial position, results of operating and cash flows.

Any significant impairment of our goodwill or intangible assets would lead to a decrease in our assets and a reduction in net operating performance.

As of December 31, 2011, we had goodwill and other intangible assets of approximately $146 million (approximately 29% of total assets), which amount is reflective of a reduction of approximately $65 million in 2011 in connection with asset impairment charges totaling $86 million. If the impact or the timing of ongoing regulatory reform actions are significantly different than what we anticipate or if there are other regulatory or operating changes to our business, we may be forced to record an additional impairment charge, which would lead to a decrease in the company’s assets and reduction in net income. We test goodwill and other indefinite lived intangible assets for impairment annually or whenever events or changes in circumstances indicate an impairment may have occurred. If the testing performed indicates that impairment has occurred, we are required to record an impairment charge for the difference between the carrying value of the goodwill or indefinite lived intangible asset and the implied fair value of the asset in the period in which the determination is made. The testing of goodwill and indefinite lived intangible assets for impairment requires us to make significant estimates about our future performance and cash flows, as well as other assumptions. These estimates can be affected by numerous factors, including changes in economic, industry or market conditions, changes in underlying business operations, future reporting unit operating performance, existing or new product market acceptance, changes in competition or changes in technologies. Any changes in key assumptions, or actual performance compared with those assumptions, about our business and our future prospects or other assumptions could affect the fair value of one or more of the indefinite-lived intangible assets or of the reporting units, resulting in an additional impairment charge.

Our rural local telephone company subsidiaries face substantial competition from competitors that are less heavily regulated than we are, which could increase our expenses or force us to lower prices, causing our revenues and operating results to decline.

As the rural local telephone companies for the western Virginia cities of Waynesboro and Covington, and portions of Alleghany, Augusta and Botetourt Counties, Virginia, we currently compete with a number of different providers, many of which are unregulated or less heavily regulated than we are. Our rural telephone company subsidiaries qualify as rural local telephone companies under the Telecommunications Act and are, therefore, exempt from many of the most burdensome obligations of the Telecommunications Act, such as the obligation to sell unbundled elements of our network to our competitors at “forward-looking” prices that the Telecommunications Act places on larger carriers. Nevertheless, our rural telephone company subsidiaries face significant competition, particularly from competitors that do not need to rely on access to our network to reach their customers. For example, wireless providers and cable companies continue to increase their market share and pose a significant competitive risk to our business. Comcast has introduced wireline digital voice services to its cable customers in Charlottesville and other Virginia markets, including in Waynesboro and Augusta County in May 2008, and it may offer these services in our Botetourt County service area in the future. Shenandoah Telecommunications Company purchased the cable property overlapping our RLEC territory in Clifton Forge and Covington, Virginia and began offering digital voice and data services to its customers in these markets during 2010. Wireless carriers provide services used by a growing number of customers as a substitute for wireline voice services.

Wireless carriers, cable companies and other VoIP providers are able to compete with our rural telephone company subsidiaries even though the “rural exemption” under the Telecommunications Act is in place. If our rural exemption were removed, CLECs could more easily enter our rural telephone company subsidiaries’ markets. Moreover, the regulatory environment governing wireline local operations has been, and we believe will likely continue to be, very liberal in its approach to promoting competition and network access.

Consistent with the experience of other rural telephone companies, our rural telephone company subsidiaries have experienced a reduction in access lines caused by, among other things, wireless competition, cable competition and business customer migration from Centrex services to IP-based and other PBX services using fewer lines. As

penetration rates of these technologies increase in our markets, our revenues could decline. Our rural telephone company subsidiaries experienced a net loss of approximately 2,200 access lines in the year ended December 31, 2011, or 6.3% of our access lines served at the end of 2010. A continued net loss of access lines would impact our revenues and operating results.

Our rural telephone company subsidiaries are subject to several regulatory regimes and consequently face substantial regulatory burdens and uncertainties.

The SCC imposes service quality obligations on our rural telephone company subsidiaries and requires us to adhere to prescribed service quality standards, but many of our competitors are not subject to these standards. These standards measure the performance of various aspects of our business. If we fail to meet these standards, the SCC may impose fines or penalties or take other actions that may impact our revenues or increase our costs. The FCC may also impose fines and forfeitures for failure to comply with FCC rules and requirements.

Many of our competitors are unregulated or less heavily regulated than we are. For example, VoIP technology is used to carry voice communications services over a broadband Internet connection. The FCC has ruled that VoIP services are jurisdictionally interstate and that some VoIP arrangements (those not using the Public Switched Telephone Network) are not subject to regulation as telephone services. In 2006, the FCC expanded the base of USF contributions by extending universal service contribution obligations to providers of VoIP service interconnected to the Public Switched Telephone Network. The United States Supreme Court upheld the FCC’s ruling that cable broadband Internet services are not subject to common carrier telecommunications regulation.

Regulatory developments at the FCC and the Virginia SCC will reduce revenues that our rural telephone company and Competitive subsidiaries receive from network access charges.

For the years ended December 31, 2011 and 2010, approximately $24 million and $28 million, respectively, of our rural telephone company subsidiaries’ revenues came from network access charges paid to us by long distance carriers for originating and terminating calls in the areas we serve. These revenues are highly profitable for us. The amount of access charge revenues that we receive is based on rates set by the FCC for interstate long distance calls and the SCC for intrastate long distance calls. Such access rates are subject to change. Our federal access rates are periodically reset by the FCC, and our interstate access rates were subject to a biennial reset on July 1, 2011, which resulted in a reduction of these rates. This rate reset resulted in a $1.2 million reduction in revenue during the second half of 2011. The SCC is currently reducing our access rates to eliminate the Carrier Common Line Charge and could conduct further access reform proceedings or rate cases and earnings reviews, all of which could result in rate reductions. In addition, the Virginia General Assembly could pass legislation mandating intrastate access charge reductions.

On October 27, 2011, the FCC adopted a significant order on access reform and USF reform. In the order, which was released on November 18, 2011, the FCC determined that interstate and intrastate access charges, as well as local reciprocal compensation, should be eliminated entirely over time. The FCC therefore adopted a uniform national bill-and-keep framework as the ultimate end state for all telecommunications traffic exchanged with any local exchange carrier. Price Cap carriers will be at bill-and-keep in eight years and Rate-of-Return carriers will be at bill-and-keep in 11 years.

In the initial phase of the transition to bill-and-keep, intrastate end office switching rates for terminating traffic, carrier common line charges on terminating traffic, and certain intrastate transport rates associated with terminating traffic are to be brought to interstate rates within two steps by July 2013. VOIP providers must begin paying access charges at the federal rate level. The FCC has issued a further Notice of Proposed Rulemaking to seek comment on, among other things, the treatment/transition for originating access and for the transport elements not included in the initial order.

The FCC will permit carriers to raise end user rates to recover a portion of the loss in access charge revenues. This mechanism is the Access Recovery Charge. The maximum ARC for residential customers will be $3 per month after six years. Multi-line business customers will have their Subscriber Line Charge and ARC combined capped at $12.20 per line. In addition, RLECs will be able to recover a portion of lost access revenues from a new Connect America Fund. This recovery will be calculated initially based on fiscal year 2011 switched access revenues and reciprocal compensation revenues and that baseline will decline at five percent annually.

Regulatory developments at the FCC will reduce revenues that our rural telephone company subsidiaries receive from the federal Universal Service Fund or other fund allocations.

For the years ended December 31, 2011 and 2010, we received approximately $5.0 million and $5.1 million, respectively, in payments from the federal Universal Service Fund in connection with our rural telephone company subsidiaries’ operations. Additionally, for the years ended December 31, 2011 and 2010, we received approximately $2.6 million (net) and $2.9 million (net), respectively, from other National Exchange Carrier Association, or NECA, pool distributions to compensate us for a portion of our interstate costs. In its November 18, 2011 order, the FCC established an annual cap on the “high cost” portion of USF of $4.5 billion per year in each of the next six years. This $4.5 billion will be the sole funding source for the existing support mechanisms (high-cost loop, switching support, safety net, etc.) and for the CAF. The FCC has designated approximately $2 billion of the $4.5 billion annually from this fund for RLECs through 2017. It is unknown whether that $2 billion will be sufficient to fund these USF programs for all RLECs, including ours.

We have substantial indebtedness, which could restrict our ability to pay dividends and have a negative impact on our financing options and liquidity position.

In connection with the Business Separation, we borrowed $340 million under a senior secured credit facility with certain financial institutions and used the proceeds to fund a working capital cash reserve and to pay $315 million to NTELOS Inc., a subsidiary of NTELOS. Our new indebtedness ($325 million at December 31, 2011) carries interest expense of approximately $13 million annually.

Our indebtedness could adversely affect our financial health and business and future operations by, among other things:

•

making it more difficult for us to satisfy our obligations with respect to our indebtedness;

•

increasing our vulnerability to adverse economic and industry conditions by making it more difficult for us to react quickly to changing conditions;

•

limiting our ability to obtain any additional financing we may need to operate, develop and expand our business;

•

requiring us to dedicate a substantial portion of any cash flows from operations to service our debt, which reduces the funds available for operations and future business opportunities;

•

potentially making us more highly leveraged than our competitors, which could potentially decrease our ability to compete in our industry;

•

exposing us to risks inherent in interest rate fluctuations because some of our borrowings are at variable rates of interest, which could result in higher interest expense in the event of increases in interest rates; and

•

limiting our flexibility in planning for, or reacting to, changes in our business, and the industry in which we operate.

The ability to make payments on our debt will depend upon our subsidiaries’ future operating performance, which is subject to general economic and competitive conditions and to financial, business and other factors, many of which we cannot control. If the cash flows from our subsidiaries’ operating activities are insufficient to service our debt obligations, we may take actions, such as delaying or reducing capital expenditures, reducing or eliminating our quarterly cash dividend, attempting to restructure or refinance our debt, selling assets or operations or seeking additional equity capital. Any or all of these actions may not be sufficient to allow us to service our debt obligations. Further, we may be unable to take any of these actions on satisfactory terms, in a timely manner or at all.

Our senior secured credit facility imposes operating and financial restrictions, which may prevent us from capitalizing on business opportunities and taking some corporate actions.

Our senior secured credit facility imposes operating and financial restrictions on our subsidiaries. These restrictions generally:

•

restrict our subsidiaries’ ability to incur additional indebtedness;

•

restrict our subsidiaries from entering into transactions with affiliates;

•

restrict our subsidiaries’ ability to consolidate, merge or sell all or substantially all of their assets;

•

impose financial covenants relating to the business of our subsidiaries, including leverage and interest coverage ratios;

•

require our subsidiaries to use a portion of “excess cash flow” (as defined in the debt agreement) to repay indebtedness if our leverage ratio exceeds specified levels;

•

restrict our subsidiaries’ ability to pay dividends or make advances to us, which will restrict our ability to pay dividends; and

•

restrict our subsidiaries’ ability to agree to liens on assets or agreements (such as leases).

We cannot assure you that those covenants will not adversely affect our ability to pay dividends or repurchase stock, finance our future operations or capital needs or pursue available business opportunities. A breach of any of these covenants could result in a default with respect to the senior secured credit facility. If a default occurs, our indebtedness under the senior secured credit facility could be declared immediately due and payable. As a result of general economic conditions, conditions in the lending markets, the results of our business or for any other reason, we may elect or be required to amend or refinance our indebtedness, at or prior to maturity, or enter into additional agreements for senior indebtedness.

If interest rates increase, our net income could be negatively affected.

Our substantial debt exposes us to adverse changes in interest rates. We cannot predict whether interest rates for long term debt will increase, and thus, we cannot assure you that our future interest expense will not have a material adverse effect on our business, financial condition, operating results and cash flows. We did enter into interest rate hedges on 50% of the facility through 2014 in order to mitigate this exposure.

Lumos Networks and other industry participants are frequently involved in disputes over issues that, if decided adversely to us, could harm our financial and operational prospects.

We anticipate that we will continue to be subject to risks associated with the resolution of various disputes, lawsuits, arbitrations and proceedings affecting our business. These issues include the administration and enforcement of existing interconnection agreements and tariffs, the terms of new interconnection agreements, operating performance obligations, intercarrier compensation, treatment of different categories of traffic (for example traffic terminating via wireless or VoIP), the jurisdiction of traffic for intercarrier compensation purposes. We also may be included in proceedings and arbitrations before state and regulatory commissions, private arbitration organizations, and courts over many issues that will be important to our financial and operation success. In addition, for the Competitive segment, we face potential disputes about facilities available, the prices we will pay for these services and facilities.

Our Competitive operations face substantial competition and uncertainty relating to their interconnection agreements with the ILEC networks and Pole Attachment Agreements with ILECs and with electric utilities in the markets we serve.

Our Competitive operations compete primarily with incumbent local exchange carriers, or ILECs, including Verizon, Frontier Communications Corporation (“Frontier”) and CenturyLink, and, to a lesser extent, CLECs, including Level 3, Zayo, Windstream and Comcast, Cox and other cable companies. We will continue to face competition from other current and future market entrants.

We have interconnection agreements with the ILEC networks covering each market in which our Competitive operations serve. Based on customer growth and our assessment of growth opportunities in these markets, we purchase wholesale voice lines, data circuits and access to collocation facilities under these agreements. From time to time, we are required to negotiate amendments to, extensions of, or replacements for these agreements.

Additionally, we may be required to negotiate new interconnection agreements in order to enter new markets in the future. We may not be able to successfully negotiate amendments to existing agreements, negotiate new interconnection agreements, renew our existing interconnection agreements, opt in to new agreements or successfully arbitrate replacement agreements for interconnection on terms and conditions acceptable to us. Our inability to do so would adversely affect our existing operations and opportunities to expand our Competitive business in existing and new markets. If rates became unfavorable or we could no longer access collocation facilities, we could be forced to alter our service delivery which could reduce our customer base. As the FCC modifies, changes and implements rules related to unbundling of ILEC network elements and collocation of competitive facilities at ILEC central offices, we generally have to renegotiate our interconnection agreements to implement those new or modified rules.

Under federal law, our Competitive operations have a right to use the poles, ducts, and conduits of investor-owned utilities (electric and telephone) at regulated rates for our cables, including fiber optic facilities. Some of the poles we use are exempt from federal regulation because they are owned by utility cooperatives and municipal entities. If the rates, terms and conditions imposed by utilities are unreasonable, or if the utilities do not allow us access to the poles, ducts, and conduits in a timely manner, our business, financial results or financial condition could suffer.

We may not be able to sustain our revenue and cash flow growth despite the acquisition of Fibernet and our investment in fiber routes and metro rings.

We must grow our business and revenue in order to generate sufficient cash flow to fund our operating requirements. We have pursued several growth initiatives including:

•

Acquiring Fibernet;

•

Increasing network investments in our core markets;

•

Upgrading and integrating network assets acquired from Allegheny Energy and FiberNet; and

•

Building fiber to wireless carrier cell sites.

Our ability to manage this expansion depends on many factors, including our ability to:

•

Increase revenues and manage churn in the Fibernet business;

•

Complete customer installations in a timely manner to meet customer demands;

•

Successfully train our sales force to adapt to evolutionary demand for advanced data services;

•

Accurately manage our capital expansion plans; and

•

Remain competitive with customer pricing and service expectations.

Our competitors have substantial business advantages over our Competitive operations, and we may not be able to compete successfully.

Verizon and other large ILECs such as Frontier and CenturyLink dominate the current market for business and consumer telecommunications services and have a virtual monopoly on telephone lines. These companies represent the dominant competition in much of our target service areas, and we expect this competition to intensify. The large ILECs have established brand names, can diversify their risks across markets nationwide, possess sufficient capital to upgrade existing and deploy new equipment, own their telephone lines and can bundle digital data services with their existing analog voice services and other services, such as long-distance, wireless and video services, to achieve economies of scale in serving customers. Moreover, the large ILECs are aggressively implementing “win-back” programs to regain access line customers lost to competitors and use bundled services to assist in those programs. We pose a competitive risk to the large ILECs that serve our Competitive markets and, as both our competitors and our suppliers, they have little motivation to respond in a timely manner to our requests or to assist in the enhancement of the services we provide to our Competitive customers.

We face substantial competition in our Internet and data services business and face regulatory uncertainty, each of which may adversely affect our business and results of operations.

We currently offer our Internet and data services in rural markets and face competition from other Internet and data service providers, including cable companies. The Internet industry is characterized by the absence of significant barriers to entry and rapid growth in Internet usage among customers. As a result, we expect that our competition

will increase from market entrants offering high-speed data services, including DSL, cable and wireless access. Our competition includes cable modem services offered by cable providers; ILECs, such as Verizon, Frontier and CenturyLink in our Competitive territories; and local, regional and national ISPs, both wireline and wireless, including Zayo and Windstream. In addition, wireless carriers are offering 3G and 4G services for internet access.

Our rights to the use of fiber that are part of our network may be affected by the ability to continue long term contracts and the financial stability of our Indefeasible Rights to Use fiber providers.

As of December 31, 2011, approximately 83% of our approximately 5,800 route-mile network is under long term leases or Indefeasible Rights to Use, or IRU, agreements that provide us access to fiber owned by other network providers. These agreements are generally long term and no such agreements are due to expire in 2012. Less than 1% of the IRUs have terms that expire within the next five years. In these agreements, the network owner is responsible for network maintenance for which we pay such network owners. If our network provider under IRU agreements has financial troubles, it could adversely affect our costs, especially maintenance costs and ability to deliver service. We could also incur material expenses if we were required to relocate to alternative network assets.

If we cannot obtain and maintain necessary rights-of-way for our network, our operations may be interrupted and we would likely face increased costs.

We need to obtain and maintain the necessary rights-of-way for our network from governmental and quasi-governmental entities and third parties, such as railroads, utilities, state highway authorities, local governments, transit authorities and private landowners. We may not be successful in obtaining and maintaining these rights-of-way or obtaining them on acceptable terms. Some agreements relating to rights-of-way may be short-term or revocable at will, and we cannot be certain that we will continue to have access to existing rights-of-way after the governing agreements are terminated or expire. If any of our right-of-way agreements were terminated or could not be renewed, we may be forced to remove our network facilities from the affected areas, relocate or abandon our networks. This would interrupt our operations and force us to find alternative rights-of-way and make unexpected capital expenditures. In addition, our failure to maintain the necessary rights-of-way, franchises, easements, licenses and permits may result in an event of default under our credit agreement and may subject us to legal complaints or claims.

Losses or a decrease in usage from certain key customers may result in lower revenues or higher expenses.

We generated approximately 9% and 12% of our operating revenue from Verizon in the years ended December 31, 2011 and 2010, respectively. In addition, we have substantial business relationships with seven other telecommunications carriers. Carriers in the aggregate accounted for approximately 38% of our operating revenues for the year ended December 31, 2011 and approximately 44% of our operating revenues for the year ended December 31, 2010. If we were to lose Verizon or one of these other customers, our revenues would decline, which could have a material adverse effect on our business, financial condition and operating results.

We may require additional capital to respond to customer demand and to competition, and if we fail to raise the capital or fail to have continued access to the capital required to build out and operate our planned networks, we may experience a material adverse effect on our business.

We require additional capital to build out and operate our network and for general working capital needs. Our aggregate capital expenditures for 2011 were approximately $62 million, approximately $19 million of which represents network infrastructure and integration costs related to the FiberNet acquisition and approximately $2 million of which represents costs related to the Business Separation. We estimate that our capital expenditures for 2012 will be approximately $52 million to approximately $60 million.

Because of our intensely competitive market, we may be required to expand the technical requirements of our network or to build out additional areas within our territories that could result in increased capital expenditures. Any such unplanned capital expenditures may adversely affect our business, financial condition and operating results.

We rely on a limited number of key suppliers and vendors for timely supply of equipment and services relating to our network infrastructure. If these suppliers or vendors experience problems or favor our competitors, we could fail to obtain sufficient quantities of the products and services we require to operate our businesses successfully.

We depend on a limited number of suppliers and vendors for equipment and services relating to our network infrastructure. If these suppliers experience interruptions or other problems delivering these network components on a timely basis, our subscriber growth and operating results could suffer significantly. Our initial choice of a network infrastructure supplier can, where proprietary technology of the supplier is an integral component of the network, cause us effectively to be locked into one or a few suppliers for key network components. As a result, we have become reliant upon a limited number of network equipment manufacturers, including Alcatel-Lucent, Cisco Systems, Inc. and others. If alternative suppliers and vendors become necessary, we may not be able to obtain satisfactory and timely replacement supplies on economically attractive terms, or at all.

A system failure could cause delays or interruptions of service, which could cause us to lose customers.

To be successful, we must provide our customers reliable network service. Some of the risks to our network and infrastructure include: physical damage to outside plant facilities; power surges or outages; software defects; human error; disruptions beyond our control, including disruptions caused by terrorist activities or severe weather; and failures in operational support systems.

Network disruptions may cause interruptions in service or reduced capacity for customers, either of which could cause us to lose customers and incur additional expenses.

We are dependent on third-party vendors for our information and billing systems. Any significant disruption in our relationship with these vendors could increase our cost and affect our operating efficiencies.

Sophisticated information and billing systems are vital to our ability to monitor and control costs, bill customers, process customer orders, provide customer service and achieve operating efficiencies. We currently rely on internal systems and third-party vendors to provide all of our information and processing systems. Some of our billing functions will be provided on a transitional basis by NTELOS. Some of our billing, customer service and management information systems have been developed by third parties and may not perform as anticipated or the third parties may experience interruptions or other problems delivering these systems. In addition, our plans for developing and implementing our information and billing systems rely to some extent on the delivery of products and services by third-party vendors. Our right to use these systems is dependent upon license agreements with third-party vendors. Some of these agreements are cancelable by the vendor, and the cancellation or nonrenewable nature of these agreements could impair our ability to process customer information and/or bill our customers. Since we rely on third-party vendors to provide some of these services, any switch in vendors could be costly and affect operating efficiencies.

If we fail to extend or renegotiate our collective bargaining agreements with our labor union when they expire, or if our unionized employees were to engage in a strike or other work stoppage, our business and operating results could be materially harmed.

We are a party to collective bargaining agreements with our labor union, which represented 67 employees as of December 31, 2011. Although we believe that relations with our employees are satisfactory, no assurance can be given that we will be able to successfully extend or renegotiate our collective bargaining agreements when they expire. If we fail to extend or renegotiate our collective bargaining agreements, if disputes with our union arise, or if our unionized workers engage in a strike or a work stoppage, we could experience a significant disruption of operations or incur higher ongoing labor costs, either of which could have an adverse effect to the business. Our collective bargaining agreement expires June 30, 2014.

If or when we lose a member or members of our senior management, our business may be adversely affected.

The success of our business is largely dependent on our senior management team, as well as on our ability to attract and retain other highly qualified technical and management personnel, including talented sales personnel.

We believe that there is, and will continue to be, intense competition for qualified personnel in the telecommunications industry, and we cannot assure you that we will be able to attract and retain the personnel necessary for the development of our business. The unexpected loss of key personnel or the failure to attract additional personnel as required could have a material adverse effect on our business, financial condition and operating results.

Unauthorized use of, or interference with, our network could disrupt service and increase our costs.

We may incur costs associated with the unauthorized use of our network including administrative and capital costs associated with detecting, monitoring and reducing the incidence of fraud. Fraudulent use of our network may impact interconnection costs, capacity costs, administrative costs, fraud prevention costs and payments to other carriers for fraudulent use.

Security breaches related to our physical facilities, computer networks, and informational databases may cause harm to our business and reputation and result in a loss of customers.

Our physical facilities and information systems may be vulnerable to physical break-ins, computer viruses, theft, attacks by hackers, or similar disruptive problems. If hackers gain improper access to our databases, they may be able to steal, publish, delete or modify confidential personal information concerning our subscribers. In addition, misuse of our customer information could result in more substantial harms perpetrated by third parties. This could damage our business and reputation, and result in a loss of customers.

Our future financial performance may be worse than the performance reflected in our historical financial information included in this annual report on Form 10-K.

The historical financial information we have included in this annual report on Form 10-K does not reflect what our results of operations, financial position and cash flows would have been had we been an independent company during the periods presented or may not be indicative of what our results of operations, financial position and cash flows may be in the future now that we are an independent company. This is primarily a result of the following four factors:

•

Prior to the Business Separation, our business was operated by NTELOS as part of its broader corporate organization, rather than as an independent company. NTELOS or one of its affiliates performed various corporate functions for us, including, but not limited to, tax administration, treasury activities, accounting, information technology services, human resources, legal, ethics and compliance program administration, investor relations, certain governance functions (including internal audit) and external financial reporting. Our historical and pro forma financial statements reflect allocations of corporate expenses from NTELOS for these and similar functions. These allocations may be more or less than the comparable expenses we would have incurred had we operated as an independent, publicly-traded company;

•

Our historical financial information does not reflect the increased level of debt and the related increase in interest expense that we incurred as part of the Business Separation;

•

Historically, we have shared economies of scope and scale in costs, employees, vendor relationships and customer relationships with the other businesses of NTELOS. The short-term transition agreements that govern certain relationships between us and NTELOS may not capture all the benefits our business enjoyed as a result of being integrated with the other businesses of NTELOS. The loss of some or all of these benefits could have an adverse effect on our business, results of operations and financial condition; and

•

Other significant changes may occur in our cost structure, management, financing and business operations as a result of our operation as a company separate from NTELOS.

For these reasons, our future financial performance may be worse than the performance implied by the historical financial information we have presented in this annual report on Form 10-K.

For additional information about the past financial performance of our business and the basis of the presentation of the historical combined financial statements, see “Selected Combined Financial Data,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and the historical consolidated financial statements and the accompanying notes included elsewhere in this Form 10-K.

We may be unable to achieve some or all of the benefits that we expect to achieve from our separation from NTELOS.

As an independent, publicly-traded company, we believe that our business will benefit from, among other things, allowing us to pursue the business strategies that best suit our long-term interests, to more efficiently develop and finance expansion plans, to appeal to a different investor base, to create effective incentives for our management and employees that are more closely tied to our business performance and to effectively advocate with respect to regulatory matters without internal corporate conflict. However, as a separate company from NTELOS, we may be more susceptible to market fluctuation and other adverse events. In addition, we may not be able to achieve some or

all of the benefits that we expect to achieve as an independent company in the time we expect, if at all. For example, it is possible that investors and securities analysts will not place a greater value on our business as an independent company than on our business as a part of NTELOS.

We may be unable to make, on a timely or cost-effective basis, the changes necessary to operate as an independent company, and we will experience increased costs as a result of the Business Separation.

NTELOS is contractually obligated to provide to us only those transition services specified in the transition services agreement and the other agreements we entered into with NTELOS in connection with the Business Separation. NTELOS has historically performed many important corporate functions for our operations, including information technology support, customer bill printing and mailing services, treasury, accounting, finance and tax administration, human resources, legal, regulatory, public relations and strategic development functions. Following the Business Separation, NTELOS has provided support to us with respect to most of these functions. The expiration date of the transition services agreement varies by service provided, but is generally no longer than 24 months from October 31, 2011. In addition, the transition services agreement contains provisions that permit either party to terminate the agreement in certain circumstances. Upon the expiration or early termination of the transition services agreement or other agreements, many of the services that are covered in such agreements will be provided internally or by unaffiliated third-parties, and we expect that, in some instances, we will incur higher costs to obtain such services than we incurred prior to the Business Separation or under the terms of such agreements. The amount and timing of when we incur such additional expenses may increase the variability of our earnings and cash flows. If we are unable to lower other expenses or increase revenues, these additional expenses also will lower our earnings and our cash flows.

There may be an adverse operational impact on our business as a result of the significant time of our management and other employees and internal resources that will need to be dedicated to building these capabilities during the first few years following the Business Separation that otherwise would be available for other business initiatives and opportunities. If NTELOS does not effectively perform the transition services and the other services that are called for under the transition services agreement and other agreements, we may not be able to operate our business effectively and our profitability may decline. After the expiration or early termination of the transition services agreement and the other agreements, we may be unable to replace the services specified in such agreements in a timely manner or on comparable terms.

Similarly, we historically purchased a wide variety of products and services, including software licenses, from third-parties as part of NTELOS. We may experience some increased costs as a result of our inability to continue to purchase products and services on terms that are as favorable to us as those obtained under these combined purchasing arrangements. Although we cannot predict the extent of any such increased costs, it is possible that such costs could have a negative impact on our business and results of operations.

Our separation from NTELOS could adversely affect our business and profitability due to our loss of NTELOS’s brand and reputation.

As a business unit of NTELOS, we previously marketed our products and services using the “NTELOS” brand name and logo, and we believe the association with NTELOS provided us with goodwill among our customers due to NTELOS’s regionally recognized brands and perceived high-quality products and services.

We may not be able to achieve or maintain comparable name recognition or status under our new “Lumos” brand, which could adversely affect our ability to attract and retain customers, resulting in reduced sales and revenues. We will also incur capital and other costs associated with launching and marketing our new brand.

We may have been able to receive better terms from unaffiliated third-parties than the terms provided in our agreements with NTELOS.

The agreements related to our separation from NTELOS, including the separation and distribution agreement, transition services agreement, commercial services agreements, intellectual property agreements, tax matters agreement, employee matters agreement and other agreements, were negotiated in the context of our separation from NTELOS while we were still part of NTELOS and, accordingly, may not reflect terms that would have been reached between unaffiliated parties. The terms of the agreements we negotiated in the context of our separation relate to, among other things, allocation of assets, liabilities, rights, indemnifications and other obligations between NTELOS and us as well as certain ongoing arrangements between NTELOS and us. Had these agreements been negotiated with unaffiliated third-parties, they might have been more favorable to us. Upon the expiration or early termination of these agreements, many of the services that are covered in such agreements will be provided internally or by

unaffiliated third-parties, and we expect that, in some instances, we will incur higher costs to obtain such services than we incurred prior to the Business Separation or under the terms of such agreements. The amount and timing of when we incur such additional expenses may increase the variability of our earnings and cash flows. If we are unable to lower other expenses or increase revenues, these additional expenses also will lower our earnings and our cash flows.

If the Distribution does not qualify as a tax-free transaction, tax could be imposed on NTELOS and we may be required to indemnify NTELOS for such tax.

If the Distribution were not to be tax-free to NTELOS, NTELOS would be required to recognize gain in an amount up to the fair market value of our common stock that NTELOS distributed on the distribution date.

Furthermore, events subsequent to the Distribution could cause NTELOS to recognize gain on the Distribution. For example, under Code Section 355(e), even minimal acquisitions of either our equity securities or NTELOS’s equity securities that are deemed to be part of a plan or a series of related transactions that include the Distribution could cause NTELOS to recognize gain on the Distribution.

Under the tax matters agreement entered into between NTELOS and us, we are generally required to indemnify NTELOS against any tax resulting from the Distribution to the extent that such tax resulted from any of the following events (among others): (1) an acquisition of all or a portion of our stock or assets, whether by merger or otherwise, (2) any negotiations, understandings, agreements or arrangements with respect to transactions or events that cause the Distribution to be treated as part of a plan pursuant to which one or more persons acquire, directly or indirectly, stock representing a 50% or greater interest in Lumos Networks, (3) certain other actions or failures to act by us, or (4) any breach by us of certain of our representations or undertakings. Our indemnification obligations to NTELOS and its subsidiaries, officers and directors are not limited by any maximum amount.

We are agreeing to certain restrictions to preserve the tax-free treatment of the Distribution to NTELOS, which may reduce our strategic and operating flexibility.

To preserve the tax-free treatment to NTELOS of the Distribution, under the tax matters agreement that we entered into with NTELOS, we are prohibited from taking or failing to take any action that prevents the Distribution and related transactions from being tax-free. Further, for the two-year period following the Distribution, we may be prohibited, except in specified circumstances, from: entering into any transaction resulting in the acquisition of 40% or more of our stock or 60% or more of our assets, whether by merger or otherwise; merging, consolidating or liquidating; issuing equity securities beyond certain thresholds; repurchasing our common stock; and ceasing to actively conduct our wireline business.

These restrictions may limit our ability to pursue strategic transactions or engage in new business or other transactions that may maximize the value of our business.

The agreements that we entered into with NTELOS may involve, or may appear to involve, conflicts of interest.

In connection with the Business Separation, we entered into certain agreements with NTELOS to provide a framework for our initial relationship with NTELOS following the Business Separation. We negotiated these agreements with NTELOS while we were still a wholly owned subsidiary of NTELOS. Accordingly, our executive officers and some of our directors were employees, officers or directors of NTELOS or its subsidiaries at the time of the negotiations and, as such, had an obligation to serve the interests of NTELOS and its subsidiaries. As a result, they could be viewed as having had a conflict of interest.

Certain of our directors and officers may have actual or potential conflicts of interest because of their cross officerships, directorships and stock ownership with NTELOS.

We continue to have overlap in directors and executive officers with NTELOS, which may lead to conflicting interests. James A. Hyde, the Chief Executive Officer and President of NTELOS, is serving as our Chief Executive Officer for a transition period. Our board of directors includes Mr. Hyde and representatives of Quadrangle Capital Partners LLP and certain of its affiliates (“Quadrangle”) who are members of the board of directors of NTELOS. Mr. Hyde and the members of our board of directors who overlap with NTELOS have fiduciary duties to both NTELOS’s and our stockholders. These individuals may have actual or apparent conflicts of interest with respect to matters involving or affecting each company. This arrangement may also subject us to regulation under state and federal affiliated interest’s regulatory requirements.

Because of their current or former positions with NTELOS, certain of our directors and executive officers may continue to own shares of NTELOS common stock and the individual holdings may be significant for some of these individuals compared to their total assets. This ownership may create, or, may create the appearance of, conflicts of interest when these directors and officers are faced with decisions that could have different implications for NTELOS and Lumos Networks.

For example, potential conflicts of interest could arise in connection with the resolution of any dispute that may arise between us and NTELOS regarding the terms of the agreements governing the Business Separation and the relationship thereafter between the companies. Potential conflicts of interest could also arise if we enter into additional commercial arrangements with NTELOS in the future.

In connection with our separation from NTELOS, NTELOS will indemnify us for certain liabilities and we will indemnify NTELOS for certain liabilities. If we are required to indemnify NTELOS, we may need to divert cash to meet those obligations and our financial position could be negatively impacted. In the case of NTELOS’s indemnity, there can be no assurance that the indemnity will be sufficient to insure us against the full amount of such liabilities, or as to NTELOS’s ability to satisfy its indemnification obligations in the future.

Pursuant to the separation and distribution agreement and certain other agreements with NTELOS, NTELOS agreed to indemnify us from certain liabilities, and we agreed to indemnify NTELOS for certain liabilities, in each case for uncapped amounts. Indemnities that we may be required to provide NTELOS are not subject to any cap, may be significant and could negatively impact our business, particularly indemnities relating to our actions that could impact the tax-free nature of the Distribution. Third-parties could also seek to hold us responsible for any of the liabilities that NTELOS has agreed to retain. Further, there can be no assurance that the indemnity from NTELOS will be sufficient to protect us against the full amount of such liabilities, or that NTELOS will be able to fully satisfy its indemnification obligations. Moreover, even if we ultimately succeed in recovering from NTELOS any amounts for which we are held liable, we may be temporarily required to bear these losses ourselves. Each of these risks could negatively affect our business, results of operations and financial condition.

The Quadrangle entities continue to have significant influence over our business and could delay, deter or prevent a change of control, change in management or business combination that may not be beneficial to our stockholders and as a result, may depress the market price of our stock.

As of December 31, 2011, Quadrangle beneficially owns approximately 27% of our outstanding common stock. Additionally, in accordance with a shareholders agreement between Quadrangle and us, three of the eight directors that will serve on our board of directors are representatives or designees of Quadrangle. By virtue of such stock ownership and representation on the board of directors, Quadrangle will have a significant influence over day-to-day corporate and management policies and all matters submitted to our stockholders, including the election of the directors, and may exercise significant control over our business, policies and affairs. Quadrangle’s interests as a stockholder may not always coincide with the interests of other stockholders. Additionally, such concentration of voting power could have the effect of delaying, deterring or preventing a change of control, change in management or business combination that might otherwise be beneficial to our stockholders and as a result, may depress the market price of our stock.

Our stock price may decline due to the large number of shares eligible for future sale.

Sales of substantial amounts of our common stock, or the possibility of such sales, may adversely affect the market price of our common stock. These sales may also make it more difficult for us to raise capital through the issuance of equity securities at a time and at a price we deem appropriate.

In our shareholders agreement with Quadrangle, we have granted Quadrangle the right to require us to register their shares of our common stock, representing approximately 5.7 million shares of our common stock. Accordingly, the number of shares subject to registration rights is substantial and the sale of these shares and any other shares with tag-along registration rights may have a negative impact on the market price for our common stock.

Provisions in our charter documents and the General Corporation Law of Delaware could discourage potential acquisition proposals, could delay, deter or prevent a change in control and could limit the price certain investors might be willing to pay for our common stock.

Certain provisions of the General Corporation Law of Delaware, the state in which we are organized, and our certificate of incorporation and bylaws may inhibit a change of control not approved by our board of directors or changes in the composition of our board of directors, which could result in the entrenchment of current management. These provisions include:

•

advance notice requirements for stockholder proposals and director nominations;

•

limitations on the ability of stockholders to amend, alter or repeal our bylaws;

•

limitations on the removal of directors;

•

the inability of the stockholders to act by written consent; and

•

the authority of the board of directors to issue, without stockholder approval, preferred stock with such terms as the board of directors may determine and additional shares of our common stock.

A portion of our current investor base may be required to sell our stock.

A portion of our common stock is held by index funds tied to broad stock indices in which we are included as a component. If at any time we are not included as a component in those indices, the corresponding index funds will likely be required to sell their shares of our common stock and the price of our common stock could be depressed by those sales.

We may not be able to pay dividends on our common stock in the future.

We intend to pay regular quarterly dividends on our common stock. However, any decision to declare future dividends will be made at the discretion of the board of directors and will depend on, among other things, our results of operations, cash requirements, investment opportunities, financial condition, contractual restrictions, and other factors that our board of directors may deem relevant. We are a holding company that does not operate any business of our own. As a result, we are dependent on cash dividends and distributions and other transfers from our subsidiaries to make dividend payments to our stockholders. Amounts that can be made available to us to pay cash dividends or repurchase stock are permitted by our credit agreement within the parameters of a restricted payment basket.

Our certificate of incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain litigation that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with the Company.

Our certificate of incorporation provides that, unless we consent in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall be the sole and exclusive forum for (i) any derivative action or proceeding brought on our behalf, (ii) any action asserting a claim of breach of fiduciary duty owed by any of our directors, officers or other employees or our stockholders, (iii) any action asserting a claim arising pursuant to any provision of the DGCL or our certificate of incorporation or bylaws, or (iv) any action asserting a claim governed by the internal affairs doctrine. Our certificate of incorporation further provides that any person or entity purchasing or acquiring any interest in shares of our capital stock shall be deemed to have notice of and to have consented to the provisions described above. This forum selection provision in our certificate of incorporation may limit our stockholders’ ability to obtain a favorable judicial forum for disputes with the Company.

Item 1B.

Unresolved Staff Comments.

None.

Item 2.

Properties.

We are headquartered in Waynesboro, Virginia and own offices and facilities in a number of locations within our operating markets. We believe that our current facilities are adequate to meet our needs in our existing markets for the foreseeable future. The table below provides the location, description and approximate square footage of our material owned properties.


Location	Property Description	Approximate Square Footage
Harrisonburg, VA	Competitive POP		2,500
Troutville, VA	Switch and Video Headend Building		11,400
Clifton Forge, VA	Switch Building		12,000
Covington, VA	Service Center		13,000
Waynesboro, VA	Service Center		20,000
Daleville, VA	Regional Operations Center		21,000
Covington, VA	Switch Building		32,000
Waynesboro, VA	Corporate Headquarters		30,000
Waynesboro, VA	Switch Building		33,920
Daleville, VA	Service Center		9,400

We also lease the following material properties:

•

Our Charleston, West Virginia regional operations center (wireline switching) under a sub-lease from NTELOS Inc. for approximately 3,200 square feet of this space;

•

Our Daleville, Virginia customer care facility under a lease agreement from The Layman Family, LLC. for approximately 34,000 square feet of space with approximately 15,750 square feet sub-leased to NTELOS Inc.;

•

Our Charleston, West Virginia switch building under a lease agreement by and between Nelson Trust and FiberNet, LLC dated April 19, 2005;

•

Our Charleston, West Virginia office and switch building under a lease agreement by and between Williams Land Company and Mountaineer Telecommunications, LLC dated April 12, 2005; and

•

Our Charleston, West Virginia office building under a lease agreement by and between Williams Land Company and FiberNet, LLC dated October 16, 2007.

Item 3.

Legal Proceedings.

We are involved in routine litigation in the ordinary course of our business, including litigation involving disputes relating to our billings to other carriers for access to our network (see Note 12 to Notes to Audited Consolidated Financial Statements included herein). We do not believe that any pending or threatened litigation of which we are aware will have a material adverse effect on our financial condition, results of operations or cash flows.

Item 4.

Mine Safety Disclosures.

Not applicable.

PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Market Information

Our common stock is traded on the NASDAQ Global Market under the symbol “LMOS.” On March 16, 2012, the last reported sale price for our common stock was $10.49 per share.

Our common stock has been traded on the NASDAQ Global Market under the symbol “LMOS” since November 1, 2011. Prior to that time, there was no established public trading market for our common stock. The following table sets forth the high and low prices per share of our common stock and the cash dividends declared per common share for the fourth quarter of 2011, which corresponds to our quarterly fiscal periods for financial reporting purposes:


	2011
	Stock Price per Share				Cash Dividends Declared per Common
	High		Low		Share
Fourth Quarter	$	17.99	$	11.70	$	0.14

Stock Performance Graph

The following indexed line graph indicates our total return to stockholders from our initial public offering on November 1, 2011 (the first day our Common Stock began trading on the Nasdaq stock exchange) to December 31, 2011, as compared to the total return for the Nasdaq Composite Index and the Nasdaq Telecommunications Index for the same period. The calculations in the graph assume that $100 was invested on November 1, 2011 in our Common Stock and each index and also assume dividend reinvestment.

Cumulative Total Shareholder Return

Lumos Networks, NASDAQ Stock Market

and Nasdaq Telecommunications Index

(11/1/11 - 12/31/11)

LOGO


	November 1, 2011		November 30, 2011		December 31, 2011
Lumos Networks Corp.	$	100	$	98	$	103
NASDAQ Composite Index	$	100	$	101	$	100
NASDAQ Telecommunications Index	$	100	$	105	$	103

Holders

There were approximately 4,700 holders of our common stock on March 9, 2012.

Dividends/Dividend Policy

We intend to continue to pay regular quarterly dividends on our common stock. On November 4, 2011, our board of directors declared a dividend in the amount of $0.14 per share (totaling $3.0 million) which was paid on January 14, 2012 to stockholders of record on December 16, 2011. On February 23, 2012, our board of directors declared a dividend in the amount of $0.14 per share, which is to be paid on April 12, 2012 to stockholders of record on March 14, 2012. All decisions to declare dividends will be made at the discretion of the board of directors and will depend on, among other things, our results of operations, cash requirements, investment opportunities, financial condition, credit agreement and contractual restrictions and other factors that the board of directors may deem relevant. We are a holding company that does not operate any business of our own. As a result, we are dependent on cash dividends

and distributions and other transfers from our subsidiaries to make dividend payments or to make other distributions to our stockholders. Amounts that can be made available to us to pay cash dividends will be permitted by our credit agreement within the parameters of a restricted payment basket.

Item 6.

Selected Financial Data

SELECTED HISTORICAL FINANCIAL INFORMATION⁽⁶⁾


	Lumos Networks Corp. Year Ended December 31,
*(In thousands, except per share amounts)*	2011			2010			2009			2008			2007
Consolidated Statements of Operations Data

Operating Revenues	$	207,414		$	145,964		$	130,595		$	128,806		$	126,075


Operating Expenses
Cost of sales and services⁽¹⁾ (exclusive of items shown separately below)		78,484			46,407			40,158			38,857			37,490
Customer operations⁽¹⁾		19,551			13,243			12,598			13,112			13,821
Corporate operations⁽¹⁾⁽²⁾		16,251			13,809			8,582			10,836			11,588
Depreciation and amortization and accretion of asset retirement obligations		43,206			31,376			28,719			27,033			27,030
Asset impairment charges		86,295			—			—			—			—

		243,787			104,835			90,057			89,838			89,929

Operating (Loss) Income		(36,373	)		41,129			40,538			38,968			36,146

Other Income (Expenses)
Interest expense⁽³⁾		(11,993	)		(5,752	)		(1,478	)		(1,393	)		(2,025	)
Other income, net		105			43			105			97			192

		(11,888	)		(5,709	)		(1,373	)		(1,296	)		(1,833	)

		(48,261	)		35,420			39,165			37,672			34,313

Income Tax (Benefit) Expense		(4,383	)		14,477			15,768			14,887			13,725


Net (Loss) Income		(43,878	)		20,943			23,397			22,785			20,588

Net (Income) Loss Attributable to Noncontrolling Interests		(52	)		(119	)		(39	)		(48	)		33


Net (Loss) Income Attributable to Lumos Networks Corp.	$	(43,930	)	$	20,824		$	23,358		$	22,737		$	20,621


Pro Forma Basic and Diluted (Loss) Earnings per Common Share Attributable to Lumos Networks Corp. Stockholders:
(Loss) Income per Share – Basic and Diluted ⁽⁴⁾	$	(2.11	)

Cash Dividends Declared per Share – Common Stock	$	0.14


	As of December 31,
*(In thousands)*	2011		2010		2009		2008		2007
Balance Sheet Data:
Cash and cash equivalents	$	10,547	$	489	$	3	$	3	$	15
Property and equipment, net		299,958		273,906		203,239		158,829		141,550
Total assets		498,600		540,793		347,151		350,299		354,187
Total debt⁽⁵⁾		326,576		180,721		651		546		543
Stockholders’ equity attributable to Lumos Networks Corp.	$	52,383	$	265,794	$	272,681	$	280,194	$	288,415

⁽¹⁾	We record equity-based compensation expense related to our share-based awards. The following table shows the allocation of equity-based compensation expense to cost of sales and services, customer operations and corporate operations for the years ended December 31, 2011, 2010, 2009, 2008 and 2007.


	Year Ended December 31,
*(In thousands)*	2011		2010		2009		2008		2007
Cost of sales and services	$	314	$	230	$	148	$	59	$	86
Customer operations		419		297		143		99		128
Corporate operations		1,650		1,002		503		423		709

Equity-based compensation expense	$	2,383	$	1,529	$	794	$	581	$	923

⁽²⁾	Corporate operations expense for 2010 includes $3.0 million of charges representing legal and professional fees related to the acquisition of FiberNet (Note 1 to our audited consolidated financial statements included herein).

⁽³⁾

Interest expense for 2011 and 2010 increased significantly from prior years as a result of the Allegheny asset acquisition on December 31, 2009 and the FiberNet purchase on December 1, 2010 (Note 1 to our audited consolidated financial statements included herein) which were financed by intercompany borrowings from NTELOS Inc., and as a result of the $340 million senior credit facility that was funded on October 31, 2011 (Note 5 to our audited consolidated financial statements included herein).

⁽⁴⁾

Basic earnings per share for the year ended December 31, 2011 is computed by dividing net loss for the year by the weighted average number of common shares outstanding during the two month post-Business Separation period beginning November 1, 2011 and ending December 31, 2011. Diluted earnings per share is calculated in a similar manner, but includes the dilutive effect of actual stock options and restricted shares outstanding as of December 31, 2011. Since these securities are anti-dilutive in 2011, they are excluded from the calculation of earnings per share. Prior to the Business Separation, we did not have any common stock outstanding.

⁽⁵⁾

Of the total debt outstanding as of December 31, 2010, $178.6 million represented a long-term obligation to NTELOS Inc. This obligation was reflected as a long-term obligation as there was no current maturity. However, we settled this obligation with cash proceeds from a new long-term credit facility at the consummation of the Business Separation on October 31, 2011. The total debt outstanding as of December 31, 2011 includes $324.5 million from this credit facility (Note 5 to our audited consolidated financial statements included herein).

⁽⁶⁾

The financial statements of Lumos Networks for the period January 1, 2011 through October 31, 2011 and as of and for the years ended December 31, 2010, 2009, 2008 and 2007 have been adjusted to reflect certain corporate expenses, including equity-based compensation expense, of NTELOS which were not previously allocated to the NTELOS segments (see Note 3 to the audited consolidated financial statements included herein). These adjustments have been reflected beginning January 1, 2006. Equity attributable to Lumos Networks has not been adjusted to reflect these corporate expenses for periods prior to January 1, 2006.

Item 7.

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

You should read the following discussion of our financial condition in conjunction with our consolidated financial statements and the related notes included herein (Item 8). This discussion contains forward looking statements that involve risks and uncertainties. For additional information regarding some of these risks and uncertainties that affect our business and the industry in which we operate, please see “Risk Factors” and “Forward-Looking Statements” elsewhere in this report.

Overview

On October 14, 2011, NTELOS announced a distribution date of October 31, 2011 for the spin-off of all of the issued and outstanding shares of common stock of Lumos Networks, which operated NTELOS’s wireline operations. Prior to and in connection with the Business Separation, following the market close on October 31, 2011, NTELOS effectuated a 1-for-2 reverse stock split of its shares of common stock. The spin-off of Lumos Networks was in the form of a tax-free stock distribution to NTELOS’s stockholders of record as of the close of business on October 24, 2011, the record date. On October 31, 2011, NTELOS distributed one share of Lumos Networks common stock for every share of NTELOS common stock outstanding, on a post-Reverse Stock Split basis. As of November 1, 2011, we are publicly traded on NASDAQ under the ticker symbol “LMOS.”

In connection with the Business Separation, we paid $315 million to NTELOS (i) to settle with cash the intercompany debt owed to NTELOS as of the Business Separation date ($177.1 million) and, with the balance, (ii) to fund a mandatory repayment on NTELOS’s senior secured credit facility resulting from the Business Separation.

Lumos Networks is a fiber-based network service provider in the Mid-Atlantic region supported by an extensive fiber optic network, with approximately 5,800 route-miles in western Virginia, West Virginia, and portions of Pennsylvania, Maryland, Ohio and Kentucky. We serve carrier, business and residential customers over a dense fiber network offering data, voice, and IP services using an on-network service strategy. Our product offerings include voice services, high speed transport, private line and wavelength high-bandwidth services, which provides a means to efficiently utilize fiber in broadband applications and to provide high-capacity bandwidth, and Metro Ethernet, which provides Ethernet connectivity among multiple locations in the same city or region over our fiber optic network.

Our strategy is to (i) leverage our network assets with sales of data and IP based services to new and existing regional enterprise and government customers; (ii) expand the Competitive segment to add additional on-net locations and connect additional wireless carrier cell sites and networks; (iii) continue to provide high quality customer service with low churn and a compelling value proposition; and (iv) generate cash flow from the additional sales of fiber based broadband and IP video services to our RLEC customer base and targeted non-RLEC developments.

Central to our strategy is being first to the regional markets with advanced technology and services first introduced in metropolitan areas by national service providers. Our tradition of service and creative and tailored service solutions with a diversified portfolio of products is attractive to carriers with needs for transport and fiber to the cell site and to regional enterprise customers seeking high quality data and IP services and interconnection to data centers in the region.

Our growth into a regional service provider has been achieved by pursuing organic growth opportunities and complementary acquisitions. On December 31, 2009, we closed on an agreement to purchase certain fiber optic and network assets and related transport and data service contracts from Allegheny Energy, Inc. The purchase included approximately 2,200 route-miles of fiber located primarily in central and western Pennsylvania and West Virginia, with portions also in Maryland, Kentucky and Ohio. With this expansion of our fiber optic network, we began to accelerate our growth initiatives in our Competitive segment’s enterprise business in certain West Virginia, Maryland and Pennsylvania local markets. On December 1, 2010, we closed on a purchase agreement with One Communications Corp. to acquire its FiberNet business for net cash consideration of approximately $163 million. The FiberNet fiber optic network covers all of West Virginia and extends into surrounding areas in Ohio, Maryland, Pennsylvania, Virginia and Kentucky, providing further diversity and density in several of our existing markets, particularly in West Virginia. FiberNet offered retail voice and data services and transport and IP-based services primarily to regional retail and wholesale business customers. We are offering additional data and other broadband services to existing FiberNet customers and are attracting new customers in our existing and new markets with our enterprise data products in order to grow top line revenue and further leverage our operational and back office platforms while fully realizing the operational synergies available. In all markets, we will continue to extend our network to customers in order to improve network quality, eliminate access-related expenses and control the customer experience. We have no future payment obligations related to either of these acquisitions.

Business Separation

As described above, NTELOS decided to separate its wireline business into a new independent, publicly-traded company through the distribution of all of our common stock to the NTELOS stockholders, which we refer to as the Business Separation. We have entered into a separation and distribution agreement containing key provisions related to the Business Separation and assets transferred, liabilities assumed and contracts assigned to us. For a period of time, we will utilize NTELOS for transition services for certain corporate and information technology functions under a transition services agreement (“TSA”). We anticipate our annualized cost of TSA services to be approximately $2.0 million and anticipate that we will provide TSA services to NTELOS for certain corporate functions for an annualized charge of approximately $0.7 million.

Our capital structure changed at the date of the Business Separation (October 31, 2011). On September 8, 2011, we closed on a $370 million post-Business Separation credit facility (the “Credit Facility”). Funding under the Credit Facility occurred upon consummation of the Business Separation. The Credit Facility consists of a $60 million senior secured five year revolving credit facility (the “Revolver”), $30 million of which was drawn upon funding; a $110 million senior secured five year amortizing term loan (the “Term Loan A”); and a $200 million senior secured six year amortizing term loan (the “Term Loan B”). The proceeds of the Credit Facility were received on October 31, 2011 and were used to fund a working capital cash reserve and to pay $315 million to NTELOS (i) to settle with cash the intercompany debt owed to NTELOS as of the Business Separation date ($177.1 million) and, with the balance, (ii) to fund a mandatory repayment on NTELOS’s credit facility resulting from the Business Separation. Pricing of the Credit Facility will be Eurodollar rate (“LIBOR”) plus 3.25% for the Revolver and the Term Loan A and LIBOR plus 3.50% for the Term Loan B. The Credit Facility does not require a minimum LIBOR rate. The terms of the Credit Facility include customary covenants that require us to meet certain financial tests, maintain certain financial ratios, adhere to guidelines for dividend payments, and requires us to hedge 50% of the Term Loan A and Term Loan B outstanding balance in order to reduce our exposure to fluctuations in variable interest rates.

Financial data included in this Form 10-K reflects Lumos Networks as a standalone public company. Revenue includes services sold to the NTELOS wireless segment that was previously eliminated, which amounted to $6.6 million for the period January 1, 2011 through October 31, 2011 and $7.0 million and $5.9 million for the years ended December 31, 2010 and 2009, respectively. Expenses include items previously unallocated by NTELOS, inclusive of legal and professional fees, equity-based compensation expense and certain expenses related to acquisitions. These additional expenses for the period January 1, 2011 through October 31, 2011 totaled $2.6 million and for the years ended December 31, 2010 and 2009 totaled $5.1 million (inclusive of $2.8 million of FiberNet acquisition costs) and $1.8 million, respectively.

We are incurring additional expenses as a result of the Business Separation, including higher interest expense. We also are incurring expenses related to transition services from NTELOS and will continue to incur such expenses for a period of time not to exceed two years as specified in the transition services agreement with NTELOS. Upon the expiration or early termination of the transition services agreement or other agreements, many of the services that are covered in such agreements will be provided internally or by unaffiliated third-parties, and we expect that, in some instances, we will incur higher costs to obtain such services than we incurred prior to the Business Separation or under the terms of such agreements. While we do not expect these higher costs to be material, the amount and timing of when we incur such additional costs may increase the variability of our earnings and cash flows. If we are unable to lower other expenses or increase revenues, these additional expenses also will lower our earnings and our cash flows. We incurred one-time costs for customer and marketing communications, and are incurring additional costs of being a public company and costs associated with creating a new information technology infrastructure. On a recurring basis, we will incur additional costs to maintain independent systems and to continue brand support, and we will incur incremental costs related to being a public entity in excess of previously allocated corporate expenses. However, we do not expect these additional and incremental costs to be material to our earnings and cash flows.

We offer benefits similar to those provided by NTELOS to our employees prior to the Business Separation. The primary benefits include a pension plan, other postretirement benefit plans (“OPEBs”), medical benefits and a 401(k) plan. A separate pension plan and OPEB plan were established at the effective date of the Business Separation and the related assets and liabilities attributable to our current employees, as well as former employees in NTELOS’s wireline operations, were transferred to and assumed by us. The pension plan covers all employees who meet eligibility requirements and who were employed by NTELOS Inc. prior to October 1, 2003. The OPEBs plan includes certain health care and life benefits for retired employees who meet eligibility requirements and for current employees that were hired before April 1993.

Obligations under NTELOS’s pension and OPEBs were transferred to our company based on the eligible employees who transferred to our company and former retirees currently receiving (or eligible to receive) benefits. In our historical financial statements, we recognized allocated costs for pension and OPEB benefits with the offsetting obligation recorded as a payable to NTELOS. Medical benefit and 401(k) match costs have historically been allocated to the business. In the future, these benefit costs will be based on our independent plans and actual costs incurred by Lumos Networks employees, which will vary from historical allocated costs.

Business Segments

We operate our business as two segments: a competitive network service provider and a traditional RLEC. The Competitive segment derives revenue from the sale of data, Internet-based services, traditional voice services primarily to enterprise customers and carrier transport services to other carriers. Our Competitive business serves Virginia, West Virginia, and Pennsylvania, Maryland, Kentucky and Ohio over an approximately 5,800 route-mile fiber network as of December 31, 2011. We market and sell data transport, IP-based services and voice services almost exclusively to business, government and carrier customers. Revenues from the Competitive segment accounted for approximately 75%, 61% and 54% of our total revenue for the years ended December 31, 2011, 2010 and 2009, respectively. Pro forma to include the FiberNet acquisition for the year ended December 31, 2010, the Competitive segment accounted for approximately 73% of our total revenue.

We experienced higher than anticipated churn in the Competitive segment from the residential and small business customer base in the FiberNet markets of West Virginia. This was largely due to competitive actions and service issues prior to closing and ongoing tied to the incumbent local exchange carrier from whom we purchase network elements on a wholesale basis. We also have generated lower than expected new sales as we further develop these markets. We anticipate that these churn and new sales trends may continue into 2012. However, we also have been and continue to take proactive measures to further enhance our growth in West Virginia such as strengthening the network serving West Virginia to improve service and facilitate the sale of our data and IP-based services, and focusing our sales efforts on upgrading the former FiberNet large customer base to metro-Ethernet facilities.

The RLEC provides service to the rural Virginia cities of Waynesboro and Covington, and portions of Alleghany, Augusta and Botetourt counties. The RLEC utilizes an Alcatel-Lucent 5ESS digital switch serving as a tandem switch to our local region. We have enhanced network functionality in the RLEC by offering high speed broadband to 98% of our service region. We have also invested in fiber-to-the-home, which passed approximately 14,800 homes as of December 31, 2011. The fiber network provides the foundation for IP-based video services, currently up to 20 Mbps high speed Internet services and will allow us to offer future high-bandwidth applications as they evolve. While the RLEC owns the fiber, the products are sold through the Competitive segment. The Competitive segment purchases basic fiber services from the RLEC but provides its own sales, customer service and customer equipment to these RLEC customers. The intercompany revenue is eliminated in our consolidated statements of operations.

In the RLEC market, our fiber-to-the-home deployment significantly reduces churn in the areas where it is offered. In 2010, we received a federal broadband stimulus award to bring broadband services and infrastructure to Alleghany County, Virginia. The total project is $16 million, of which 50% ($8 million) is being funded by the grant from the federal government. We commenced this project in 2010 and began offering higher speed broadband services in Alleghany County in the fourth quarter of 2010, and we have incurred $6.7 million of total project costs through December 31, 2011. The project is required to be completed in 2015.

As of December 31, 2011, we operated approximately 33,200 RLEC telephone access lines. We have experienced access line losses in each of the last three years due to cable competition, wireless substitution and the economic climate. We lost approximately 2,200 access lines during 2011. These line losses, coupled with mid-year 2011 rate reductions as a result of our biennial tariff filing with the FCC for one of our RLECs, access reconfigurations and network grooming by carriers, contributed to an 8.4% decline in RLEC revenues from 2010 to 2011.

We anticipate significant further access revenue declines in the RLEC segment as a result of recent actions taken by applicable regulatory authorities, principally the FCC and the SCC. Access revenue also will be negatively impacted by network grooming by carriers, which commenced in 2011 and is expected to continue in 2012 and beyond. On October 27, 2011, the FCC adopted, but did not release, an order comprehensively reforming its Universal Service Fund and intercarrier compensation systems. On November 18, 2011, the FCC released the order.

In the order, the FCC determined that interstate and intrastate access charges, as well as local reciprocal compensation, should be eliminated entirely over time (see Access Charges and Universal Service in “Regulation”). Our combined RLEC revenues from access and the USF was $33.0 million ($18.7 million of which was from intra-state access revenues and $5.3 million was from USF) for 2011 as compared to access revenues of $36.8 million for 2010 and $38.3 million for 2009. As a result of these factors, we updated our impairment testing of goodwill and the franchise rights indefinite-lived intangible asset and determined that both the RLEC goodwill and the franchise rights were fully impaired. Accordingly, we recorded a $65.4 million asset impairment charge ($53.0 million after tax). We determined that there was no impairment of the Competitive segment goodwill based on this testing.

We performed recovery testing of our long-lived tangible and finite-lived intangible assets as of October 27, 2011 utilizing the methodology noted above in ASC 360-10-35. We passed step one of this recoverability testing and therefore, no further testing for impairment of these assets on either segment was considered necessary. However, on October 31, 2011, in connection with the Business Separation and the related transfer of all of the wireline assets in the tax-free exchange, we assessed the fair value of the asset groups transferred. To the extent that the carrying value of each of the asset groups exceeds the fair value, a pro-rata writedown of these assets to fair value is required. Although the RLEC segment assets passed the undiscounted cash flow recoverability test in ASC 360-10-35 on October 27, 2011, the fair value of the RLEC segment assets was determined to be lower than the carrying value by $20.9 million ($12.7 million net of tax) and an impairment charge was recorded accordingly.

Excluding the impact of the aforementioned asset impairment charges in 2011, our operating income margins were approximately 24%, 28% and 31% for the years ended December 31, 2011, 2010 and 2009, respectively. The decrease in the margin is primarily due to a shift in the composition of the business to a higher percentage being represented by Competitive after the FiberNet acquisition (Note 1) and the RLEC access reconfigurations discussed above. The products from the Competitive segment generally yield a lower margin than the RLEC business. The decrease in the margin is also due to certain of the FiberNet intangible assets having heavier amortization charges in the initial years (Note 3) and due to the fact that the FiberNet business currently contains a higher percentage of lower margin residential customers as compared to the Competitive segment’s legacy higher margin business and other enterprise accounts.

Market Risks

Many of the market risk factors described above which affected our results of operations in 2011 are expected to continue into 2012.

Operating Revenues

Our revenues are generated from the following categories:

•

Competitive segment revenues, including revenues from Enterprise Data (Dedicated Internet, Metro Ethernet, and private line), Residential and Small Business Broadband (Integrated Access, DSL, Broadband XL, and IP based video), Wholesale Transport, Voice (local lines, PRI, and Long Distance) and other legacy Competitive products and revenue streams (dial-up Internet services, switched access and reciprocal compensation); and

•

RLEC segment revenues, including local service, network access, toll and directory advertising.

Operating Expenses

Our operating expenses are incurred from the following categories:

•

cost of sales and services, including usage-based access charges, long distance and other direct costs incurred in accessing other telecommunications providers’ networks in order to provide telecommunication services to our end-user customers, leased facility expenses for connection to other carriers and engineering and repairs and maintenance expenses related to network property, plant and equipment;

•

customer operations expenses, including marketing, product management, product advertising, selling, billing, publication of regional telephone directories, customer care, directory services, customer retention and bad debt expenses;

•

corporate operations expenses, including taxes other than income, executive services, accounting, legal, purchasing, information technology, human resources and other general and administrative expenses, including earned bonuses and equity-based compensation expense related to stock and option instruments held by certain members of corporate management and expenses related to acquisitions;

•

depreciation and amortization, including depreciable long-lived property, plant and equipment and amortization of intangible assets where applicable, and accretion of asset retirement obligations; and

•

asset impairment charges relating to the impairment of the RLEC segment goodwill and franchise rights intangible asset.

Other Income (Expenses)

Our other incomes (expenses) are generated (incurred) from interest expense on debt instruments and capital lease obligations, interest expense on accounts due to NTELOS (prior to the Business Separation) and other income (expense), which includes interest income and fees, expenses related to our senior secured credit facility and, as appropriate, related charges or amortization of debt issuance fees.

Income Taxes

Prior to the Business Separation, our income taxes were included in the NTELOS consolidated federal income tax return and certain unitary or consolidated state income tax returns of NTELOS. However, our income taxes were calculated and provided for on an “as if separate” tax return basis. Our income tax expense and effective tax rate increases or decreases based upon changes in a number of factors, including our pre-tax income or loss, state minimum tax assessments, and non-deductible expenses.

Noncontrolling Interests in Losses (Earnings) of Subsidiaries

We have an RLEC segment partnership with a 46.3% noncontrolling interest that owns certain signaling equipment and provides service to a number of small RLECs and to TNS.

Results of Operations

Year ended December 31, 2011 compared to year ended December 31, 2010

Operating revenues increased $61.5 million, or 42.1%, from 2010 to 2011 resulting from an increase in Competitive segment revenues of $66.3 million and partially offset by a decrease in RLEC revenues of $4.8 million. Pro forma to include FiberNet (which is included in the Competitive segment) for the year ended December 31, 2010, total operating revenues were $213.1 million, compared to $207.4 million for the year ended December 31, 2011, representing a decrease of $5.6 million.

Pro forma Competitive segment revenues decreased $0.8 million, or 0.5%, from 2010 to 2011 primarily from declines in voice and other products related to FiberNet operations, partially offset by increased revenues from Enterprise Data and wholesale services. As noted above, RLEC segment revenues declined $4.8 million from the prior year due primarily to the loss of access lines described in the overview above, a biennial reset (reduction) of our interstate access rates in the third quarter of 2011 and revenue reductions related to interexchange carrier network grooming.

Operating income decreased $77.5 million from income of $41.1 million in 2010 to a loss of $36.4 million in 2011 due primarily to $86.3 million of asset impairment charges recorded in 2011, as described in the overview section above. Excluding the 2011 asset impairment charges, operating income increased $8.8 million from 2010 to 2011 due to the $61.5 million increase in revenue discussed above, partially offset by an increase in operating expenses of $52.7 million. Operating expenses for 2011 include $58.9 million of operating expenses from FiberNet, while operating expenses for 2010 include $4.9 million of operating expenses from FiberNet, representing one month of expenses post-acquisition. Excluding the operating expenses from FiberNet and the aforementioned asset impairment charges, operating expenses were down 1.3% from 2010 to 2011. Variances in the individual line items on the condensed combined statements of operations are described in the operating expenses section below.

Net income attributable to Lumos Networks decreased $64.8 million due in large part to the $86.3 million of asset impairment charges ($65.7 million net of tax) discussed above. Excluding the effects of the 2011 asset impairment charges, net income attributable to Lumos Networks increased $1.0 million, or 4.7%, from 2010 to 2011 as the $8.8 million increase in operating income was primarily offset by (1) $6.2 million increase in interest expense related to the additional debt from NTELOS Inc. incurred in December 2010 to fund the FiberNet acquisition and interest related to our $340 million borrowing under our senior secured credit facility on October 31, 2011 in connection with the Business Separation (Notes 1 and 5) $1.7 million increase in income tax expense.

OPERATING REVENUES

The following table identifies our external operating revenues by business segment for years ended December 31, 2011 and 2010:


	Year Ended December 31,				$			%
Operating Revenues	2011		2010		Variance			Variance
(Dollars in thousands)
Competitive	$	154,757	$	88,471	$	66,286			74.9	%
RLEC		52,657		57,493		(4,836	)		(8.4	%)

Total	$	207,414	$	145,964	$	61,450			42.1	%

Revenues for 2011 increased $61.5 million, or 42.1%, over 2010, with revenues from the Competitive segment increasing approximately 75% driven by the new revenues from FiberNet. Pro forma to include FiberNet for the year ended December 31, 2010, total revenues decreased by $5.6 million, or 2.6%, as described by segment below.

•

Competitive Revenues. Competitive revenues, pro forma to include FiberNet for year ended December 31, 2010, decreased $0.8 million, or 0.5%, from 2010 to 2011. This decrease was primarily due to a $7.5 million decline in voice and long distance revenues, principally associated with FiberNet, and a $2.6 million decline in other non-strategic revenues, including dial-up Internet and reciprocal compensation. These decreases were partially offset by increased revenues from Enterprise Data and Residential and Small Business Broadband services of $4.4 million over 2010 and a $4.9 million increase in wholesale revenues over 2010.

•

RLEC Revenues. RLEC revenues decreased $4.8 million, or 8.4%, from 2010 to 2011 primarily due to decreased access and local service revenues resulting from a 6.3% decrease in access lines. Also contributing to the decrease was network grooming by our carrier customers with whom we interconnect and for whom we provide access services. Finally, on July 1, 2011, our interstate access rates were subject to a biennial reset (reduction), which resulted in a $1.2 million reduction in revenue during the second half of 2011. We anticipate that this rate reset will result in a comparable monthly reduction in revenue during 2012.

Additionally, as noted in the overview section above, recent actions from regulatory authorities will cause rate declines in future years which are more significant than what we have experienced in recent years. We also are being negatively impacted by carriers’ network grooming that began in the fourth quarter of 2011.

Access lines totaled approximately 33,200 as of December 31, 2011 and approximately 35,400 as of December 31, 2010, a 2,200 line decline. This access line loss is reflective of residential wireless substitution, the effect of current economic conditions on businesses and competitive voice service offerings from cable operators in our RLEC markets.

OPERATING EXPENSES

The following table identifies our operating expenses by business segment, consistent with the table presenting operating revenues above, for the years ended December 31, 2011 and 2010:


	Year Ended December 31,				$			%
Operating Expenses	2011		2010		Variance			Variance
(Dollars in thousands)
Competitive	$	94,045	$	51,155	$	42,890			83.8	%
RLEC		16,429		17,755		(1,326	)		(7.5	%)

Operating expenses, before equity-based compensation expense, acquisition related charges, Business Separation related charges, depreciation and amortization and accretion of asset retirement obligations and asset impairment charges		110,474		68,910		41,564			60.3	%
Equity-based compensation expense		2,383		1,529		854			55.9	%
Acquisition related charges		71		3,020		(2,949	)		(97.6	%)
Business Separation related charges		1,358		—		1,358			N/M
Depreciation and amortization		43,090		31,365		11,725			37.4	%
Accretion of asset retirement obligations		116		11		105			N/M

Asset impairment charges		86,295		—		86,295			N/M


Total operating expenses	$	243,787	$	104,835	$	138,952			132.5	%

The following describes our operating expenses by segment and on a basis consistent with our financial statement presentation.

•

Competitive—The increase noted in the table above was driven by a $42.7 million increase in expenses related to our FiberNet operations, which increase reflects the inclusion of FiberNet for the full twelve months of 2011 as opposed to one month in 2010 as a result of the acquisition of FiberNet in December 2010.

•

RLEC—The decrease of $1.3 million was driven primarily by a reduction in corporate expense allocations which have been shifted to the Competitive segment which is a reflection of the change in the relative sizes of the segments.

COST OF SALES AND SERVICES—Cost of sales and services increased $32.1 million, or 69.1%, over 2010. FiberNet accounted for $31.5 million of this increase. Other expenses contributing to the net increase was access expense and compensation and benefits. We expect network expenses related to the original FiberNet customer base to decline due to churn of residential and other narrowband customers and as we groom this network by pruning leased facilities and by servicing more customers on our network to eliminate lease access expenses and improve the quality of the service.

CUSTOMER OPERATIONS EXPENSES—Customer operations expenses increased $6.3 million, or 47.6%, over 2010 primarily due to FiberNet. The remainder of the increase is primarily attributable to increased compensation and benefits, including equity-based compensation expense and sales commissions. These increases were partially offset by a decrease in directory expenses.

CORPORATE OPERATIONS EXPENSES—Corporate operations expense increased $2.4 million, or 17.7% over 2010. Included in this increase is an increase of $4.5 million in expenses related to FiberNet. Also included in the increase over 2010 are charges of $1.4 million incurred during 2011 related to the Business Separation, and increases in compensation and benefits, including equity-based compensation expense. Partially offsetting these increases was a decrease of $2.9 million from 2010 representing charges incurred during 2010 for the acquisition of FiberNet. Also decreasing from 2010 to 2011 were legal and professional fees allocated from NTELOS.

DEPRECIATION AND AMORTIZATION—Depreciation and amortization increased $11.7 million, or 37.4%, over 2010. This increase is primarily attributable to a $63.1 million increase in average depreciable assets (20%) due to the increase from the FiberNet acquisition and the $61.5 million of 2011 capital expenditures and a $6.8 million increase in amortization expense. The increases in amortization expense related to the addition of customer and other amortizable intangible assets from the FiberNet acquisition, a majority of the amortization expense for which is escalated in the early years of the asset lives based on these assets’ estimated pattern of benefit.

ASSET IMPAIRMENT CHARGES—In 2011, we recorded asset impairment charges which totaled $86.3 million ($65.7 million after tax) in its RLEC segment related to the impairment of the RLEC franchise rights and goodwill ($65.4 million; $53.0 million after tax) due to the aforementioned significant future access revenue decline related to interconnection carrier’s network grooming and the regulatory rate reform. Additionally, we recorded a $20.9 million ($12.7 million after tax) asset impairment charge related to the excess of carrying value over book value of the RLEC property, plant and equipment, customer intangible and trademarks on the date of the transfer. The projected effect of both the rate reform and carrier’s network grooming have occurred or are predicted to occur much sooner and the impact is substantially greater than previously estimated.

OTHER INCOME (EXPENSES)

Interest expense for the years ended December 31, 2011 and 2010 was $12.0 million and $5.8 million, respectively, a $6.2 million, or 109%, increase. This increase was due primarily to the increase in the obligation to NTELOS Inc. on December 1, 2010 relating to the FiberNet acquisition and the $340 million new credit facility drawn on October 31, 2011, a portion of which was used to pay off the obligation to NTELOS Inc. in connection with the Business Separation. The annual interest expense related to the new credit facility is projected to be approximately $13 million.

INCOME TAXES

Income tax expense/(benefit) for the years ended December 31, 2011 and 2010 was $(4.4) million and $14.5 million, respectively, representing the statutory tax rate applied to pre-tax income and the effects of certain non-deductible compensation. We expect our recurring non-deductible expenses to relate primarily to certain non-cash equity-based compensation . For 2012, the amount of these charges is expected to be approximately $0.3 million.

We have prior year unused net operating losses, including certain built-in losses (“NOLs”) totaling $5.6 million as of December 31, 2011. These NOLs are subject to an adjusted annual maximum limit (the “IRC 382 Limit”) of $0.3 million. Based on the IRC 382 Limit, we expect to use NOLs of approximately $3.9 million as follows: $0.7 million in 2012 and $0.3 million per year in 2013 through 2022. In addition, we expect to realize an NOL in 2011 as a result of the significant increase in bonus depreciation due to the passage of the “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.” We believe that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the deferred tax assets.

Year ended December 31, 2010 compared to year ended December 31, 2009

Total revenue increased $15.4 million, or 11.8%, over 2009 despite a $2.0 million decline in RLEC revenues. The Competitive segment increase of $17.4 million resulted from (i) a 26% organic growth rate in Metro Ethernet services, (ii) an 18% organic growth rate in carrier transport and (iii) revenues associated with the fiber optic assets acquired from Allegheny Energy, Inc. on December 31, 2009 and revenues associated with the purchase of FiberNet on December 1, 2010. Organic growth is fueled by success-based fiber builds which are often leveraged by adding additional customers in close proximity and serve to reduce third party access expense and control service quality.

Operating expenses increased $14.8 million driven by increases of approximately $3.0 million and nearly $4.0 million related to the new Allegheny markets and the FiberNet acquisition, respectively, $5.2 million from corporate operations for transaction and legal expenses and $2.7 million for higher depreciation and amortization. Excluding the $3.0 million of FiberNet acquisition costs, operating income increased 8.9% over 2009.

Net income attributable to Lumos Networks decreased $2.5 million, or 10.5%, from 2009 to 2010. Offsetting the $0.6 million increase in operating income is additional interest expense of $4.3 million for the additional debt from NTELOS Inc. primarily to fund the Allegheny and FiberNet acquisitions, partially offset by $1.3 million of lower tax expense.

OPERATING REVENUES

The following table identifies our external operating revenues by business segment for the years ended December 31, 2010 and 2009:


	Year Ended December 31,				$			%
Operating Revenues	2010		2009		Variance			Variance
(Dollars in thousands)
Competitive	$	88,471	$	71,086	$	17,384			24.5	%
RLEC		57,493		59,509		(2,016	)		(3.4	%)

Total	$	145,964	$	130,595	$	15,369			11.8	%

Revenues increased $15.4 million, or 11.8%, over 2009, with revenues from the Allegheny asset acquisition of nearly $7 million in 2010 and revenues from the FiberNet acquisition of nearly $6 million in 2010. Excluding the revenue from the aforementioned acquisitions, success based investments in Enterprise Data, broadband services and transport services led to a $6.3 million, or 14.1%, increase in revenues from these products within the Competitive segment. These increases were partially offset by a $2.0 million, or 3.4%, decrease in RLEC revenues and a $1.7 million decrease in voice and legacy other Competitive segment revenues. Excluding the Allegheny and FiberNet revenues, Competitive revenue grew 6.6% and total revenue grew 2.0% over 2009.

•

Competitive Revenues. Competitive revenue increased $17.4 million over 2009, which includes approximately $13 million from the Allegheny and FiberNet acquisitions. Excluding these new revenues from acquisitions, Enterprise Data and Residential and Small Business Broadband revenue from our markets increased $3.3 million while wholesale revenue increased $3.0 million. Additionally, excluding new revenues from acquisitions, Metro Ethernet revenue increased 26% due to an increase in customer connections of 23%, but revenues from voice and other legacy products, including dial-up Internet, reciprocal compensation and switched access, decreased $1.3 million from 2009. We expect to introduce the additional Enterprise Data and Broadband services to our new customers acquired in the FiberNet acquisition and into the FiberNet and Allegheny markets that are new to us.

•

RLEC Revenues. RLEC revenues decreased $2.0 million, or 3.4%, from 2009 primarily due to decreased access and local service revenues resulting from a 7.4% decrease in access lines. On July 1, 2009, our interstate access rates were subject to a regulatory biennial reset (reduction). This rate reset coupled with network grooming contributed to the revenue reduction.

Access lines totaled approximately 35,400 as of December 31, 2010 and approximately 38,200 as of December 31, 2009. This access line loss is reflective of residential wireless substitution, competition from cable companies and the effect of current economic conditions on businesses.

OPERATING EXPENSES

The following table identifies our operating expenses by business segment, consistent with the table presenting operating revenues above, for the years ended December 31, 2010 and 2009:


	Year Ended December 31,				$			%
Operating Expenses	2010		2009		Variance			Variance
(Dollars in thousands)
Competitive	$	51,155	$	43,277	$	7,878			18.2	%
RLEC		17,755		17,208		547			3.2	%

Operating expenses, before equity-based compensation expense, voluntary early retirement and workforce reduction plans, acquisition related charges, depreciation and amortization and accretion of asset retirement obligations		68,910		60,485		8,425			13.9	%
Equity-based compensation expense		1,529		794		735			92.5	%
Voluntary early retirement and workforce reduction plans		—		59		(59	)		(100.0	%)
Acquisition related charges		3,020		—		3,020			N/M
Depreciation and amortization		31,365		28,641		2,724			9.5	%

Accretion of asset retirement obligations		11		78		(67	)		(85.9	%)


Total operating expenses	$	104,835	$	90,057	$	14,778			16.4	%

The following describes our operating expenses by segment and on a basis consistent with our financial statement presentation. This discussion relates to our operating expenses by segment before equity-based compensation expense, voluntary early retirement plan and workforce reductions, expenses related to acquisitions, depreciation and amortization and accretion of asset retirement obligations:

•

Competitive— The increase noted in the table above was driven by additional expenses related to FiberNet operations of approximately $4.0 million in December 2010 and additional expenses related to the December 2009 Allegheny asset acquisition of approximately $3.0 million. For 2011, we believe we will achieve network efficiencies with FiberNet and improve the customer mix to more on-net customers.

•

RLEC—The increase of $0.5 million was driven by professional fees associated with access revenue disputes and higher operating taxes.

COST OF SALES AND SERVICES—Cost of sales and services increased $6.3 million primarily attributable to increases of approximately $2.8 million and $3.1 million related to the new Allegheny network and the FiberNet acquisition, respectively. The remaining increase of $0.4 million is incremental access expense as a result of Competitive growth. Overall, direct access expense as a percentage of revenue decreased from 24% in 2009 to 22% in 2010.

CUSTOMER OPERATIONS EXPENSES—Customer operations expenses increased $0.6 million primarily for incremental costs of FiberNet operations.

CORPORATE OPERATIONS EXPENSES—Corporate operations expense increased $5.1 million from 2009 to 2010. Results for 2010 include $3.0 million of legal and professional fees related to the acquisition of FiberNet. The increase over 2009 is also attributable to a $0.9 million increase in expense related to a discretionary annual cash bonus and an increase in equity-based compensation expense. Other increases include legal and professional fees, operating taxes and regulatory fees, which collectively increased $1.1 million over 2009.

DEPRECIATION AND AMORTIZATION EXPENSES—Depreciation and amortization expenses increased $3.0 million, or 8.5%, from 2009 to 2010. This increase is primarily attributable to a 30% increase in the asset base which contributed to an increase in depreciation expense of $1.8 million. Amortization expense increased $1.2 million, or 16.5%, related to the addition of a customer list intangible asset from the Allegheny asset acquisition on December 31, 2009 and customer and other amortizable intangible assets from the FiberNet acquisition on December 1, 2010.

OTHER INCOME (EXPENSES)

Interest expense increased $4.3 million, or 289%, from 2009 due primarily to the increase in the payable to NTELOS to support the FiberNet acquisition. Interest is charged to us by NTELOS based on NTELOS weighted average borrowing rate without the inclusion of debt issuance cost and original issue discount amortization. Other income (expense) was flat between 2009 and 2010.

INCOME TAXES

Income tax expense for 2010 was $14.5 million, with an effective rate of 40.9% representing the statutory tax rate applied to pre-tax income and the effects of certain non-deductible compensation, noncontrolling interests and other non-deductible expenses. Income taxes for 2009 were $15.8 million with an effective rate of 40.2%.

Quarterly Results

The following table sets forth selected unaudited consolidated quarterly statement of operations data for the four quarters in 2010 and 2011. This unaudited information has been prepared on substantially the same basis as our consolidated financial statements appearing elsewhere in this report and includes all adjustments (consisting of normal recurring adjustments) we believe necessary for a fair statement of the unaudited consolidated quarterly data. The unaudited consolidated quarterly statement of operations data should be read together with the consolidated financial statements and related notes thereto included elsewhere in this report. The results for any quarter are not necessarily indicative of results for any future period, and you should not rely on them as such.


Summary Operating Results (Unaudited)⁽¹⁾ *(In thousands, except per share amounts)*	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010
Operating Revenues
Competitive	$	39,401		$	38,494		$	38,473		$	38,389		$	27,071		$	20,957		$	20,248		$	20,195
RLEC		11,706			13,107			13,589			14,255			13,942			14,596			14,095			14,860

Total Operating Revenues		51,107			51,601			52,062			52,644			41,013			35,553			34,343			35,055


Operating Expenses
Competitive		24,367			22,764			23,002			23,912			15,678			11,931			11,670			11,876
RLEC		3,736			4,190			4,035			4,468			4,257			4,208			4,264			5,026

Operating expenses, before depreciation and amortization and accretion of asset retirement obligations, asset impairment charges, equity-based compensation expense and acquisition related charges		28,103			26,954			27,037			28,380			19,935			16,139			15,934			16,902
Depreciation and amortization and accretion of asset retirement obligations		10,217			10,934			11,025			11,030			9,073			7,403			7,601			7,299
Asset impairment charges		86,295			—			—			—			—			—			—			—
Equity-based compensation expense		237			784			674			688			422			387			377			343
Acquisition related charges		1			(10	)		39			41			2,171			849			—			—
Business Separation related charges		1,358			—			—			—			—			—			—			—

Total Operating Expenses		126,211			38,662			38,775			40,139			31,601			24,778			23,912			24,544

Operating (Loss) Income		(75,104	)		12,939			13,287			12,505			9,412			10,775			10,431			10,511

Other Income (Expenses)
Interest expense		(3,153	)		(2,559	)		(2,563	)		(3,718	)		(1,931	)		(1,065	)		(1,373	)		(1,383	)
Other income (expense)		32			66			(7	)		14			18			9			11			5

		(3,121	)		(2,493	)		(2,570	)		(3,704	)		(1,913	)		(1,056	)		(1,362	)		(1,378	)

		(78,225	)		10,446			10,717			8,801			7,499			9,719			9,069			9,133

Income Tax (Benefit) Expense		(16,527	)		4,249			4,157			3,738			3,175			3,973			3,706			3,623

Net (Loss) Income		(61,698	)		6,197			6,560			5,063			4,324			5,746			5,363			5,510
Net Loss (Income) Attributable to Noncontrolling Interests		35			(2	)		(37	)		(48	)		(28	)		(13	)		(71	)		(7	)

Net (Loss) Income Attributable to Lumos Networks Corp.	$	(61,663	)	$	6,195		$	6,523		$	5,015		$	4,296		$	5,733		$	5,292		$	5,503


Basic and Diluted Loss per Common Share Attributable to Lumos Networks Corp. Stockholders:
Earnings (loss) per share – basic and diluted ⁽²⁾	$	(2.96	)	$	0.30		$	0.31		$	0.24

Weighted average shares outstanding – basic and diluted ⁽²⁾		20,815			20,815			20,815			20,815

Cash Dividends Declared per Share – Common Stock	$	0.14		$	—		$	—		$	—

(1)	The operating results for fiscal year 2010 include the results of the Allegheny acquisition effective January 1, 2010 and the results of the FiberNet acquisition effective December 1, 2010 (Note 1 of our audited consolidated financial statements included herein).

(2)

Basic earnings per share for the quarter ended December 31, 2011 is computed by dividing net loss for the quarter by the weighted average number of common shares outstanding during the two month post-Business Separation period beginning November 1, 2011 and ending December 31, 2011. Diluted earnings per share is calculated in a similar manner, but includes the dilutive effect of actual stock options and restricted shares outstanding as of December 31, 2011. Since these securities are anti-dilutive, they are excluded from the calculation of earnings per share. Prior to the Business Separation, we did not have any common stock outstanding.

Liquidity and Capital Resources

For the years ended December 31, 2011 and 2010, our working capital requirements, capital expenditures (excluding acquisitions) and cash dividends were funded by cash on hand and net cash provided from operating activities. We funded the acquisition from Allegheny and the purchase of FiberNet (Note 1) with approximately $27 million and $163 million of borrowings from NTELOS Inc. and using net cash provided from operating activities. We believe our cash generated from operations will continue to fund our working capital requirements, capital expenditures and anticipated interest and principal payments on our $370 million post-Business Separation Credit Facility that we borrowed $340 million against on the effective date of the Business Separation.

As of December 31, 2011, we had $406.3 million in aggregate long term liabilities, consisting of $322.5 million in borrowings under our Credit Facility ($324.5 including the current portion) and $83.8 million in other long-term liabilities, inclusive of deferred income tax liabilities of $41.2 million and other long-term liabilities of $42.6 million. Our credit agreement also includes a revolving credit facility of $60 million (the “Revolver”), $45 million of which is available for our working capital requirements and other general corporate purposes as of December 31, 2011.

In addition to the Credit Facility, we have also entered into capital leases on vehicles and equipment used in our operations with lease terms of four to ten years. We also assumed $1.6 million of capital leases primarily on telephony equipment with the FiberNet acquisition. As of December 31, 2011, the total net present value of our future minimum lease payments is $2.1 million. As of December 31, 2011, the principal portion of these capital lease obligations is due as follows: $0.6 million in 2012, $0.6 million in 2013, $0.4 million in 2014, $0.3 million in 2015 and $0.2 million thereafter.

We have a maximum distributable amount under the terms of our credit agreement that can be used to make certain restricted payments including dividends. The distributable amount was initially set at $5 million on the date of funding and is increased every January 1st by the greater of $12 million or 75% of excess cash flow, as defined. The distributable amount as of December 31, 2011 was $5 million.

Under the credit agreement governing the Credit Facility, we are also bound by certain financial covenants. Noncompliance with any one or more of the debt covenants may have an adverse effect on our financial condition or liquidity in the event such noncompliance cannot be cured or should we be unable to obtain a waiver from the lenders of the Credit Facility. As of December 31, 2011, we are in compliance with all of our debt covenants, and our ratios at December 31, 2011 are as follows:


	Actual	Covenant Requirement at December 31, 2011
Total debt outstanding to EBITDA (as defined in the credit agreement)	3.40	Not more than 4.00
Minimum interest coverage ratio	8.10	Not less than 3.25

The actual leverage and interest coverage ratios noted above are based on actual results for 2011.

During the year ended December 31, 2011, net cash provided by operating activities was $82.9 million. Net loss during this period was $43.9 million which included $120.3 million of depreciation, amortization, asset impairment charges, deferred taxes and other non-cash charges (net). Total net changes in operating assets and liabilities provided $6.5 million. The principal changes in operating assets and liabilities from December 31, 2010 to December 31, 2011 were as follows: accounts receivable increased $2.1 million; current assets decreased $0.3 million; changes in income taxes provided $3.7 million; accounts payable and other current liabilities increased $5.0 million primarily related to the $3.0 million dividend that was payable as of December 31, 2011 and retirement benefit contributions and distributions totaled $0.5 million.

During the year ended December 31 2010, net cash provided by operating activities was $59.0 million. Net income during this period was $20.9 million. We recognized $34.2 million of depreciation, amortization, deferred taxes and other non-cash charges (net). Total net changes in operating assets and liabilities provided $3.8 million. The principal changes in operating assets and liabilities from December 31, 2009 to December 31, 2010 were as follows: accounts receivable decreased $1.2 million; other current assets increased $0.3 million; changes in income taxes provided $0.6 million; accounts payable increased $0.9 million; and other current liabilities increased $1.5 million.

Our cash flows used in investing activities for the year ended December 31, 2011 were $62.8 million, of which approximately $61.5 million was used for the purchase of property and equipment comprised of (i) $18.9 million for

the FiberNet network infrastructure and integration, (ii) $22.3 million for success-based customer and network expansion, (iii) $14.3 million for infrastructure upgrades and network sustainment, (iv) $3.7 million for expansion and upgrades related to the RUS grant, and (v) $2.3 million for IT and facilities renovations associated with the Business Separation. Our cash flows used in investing activities for the year ended December 31, 2011 also included $1.0 million received from Rural Utilities Service (“RUS”) for reimbursement of the grant portion of capital spent on the projects and the return of a portion of the required pledged deposit and $2.2 million of capital spending on the RUS project for which RUS is obligated to reimburse us.

Our cash flows used in investing activities for the year ended December 31, 2010 were $211.3 million, including $162.3 million used for the purchase of FiberNet and $40.3 million used for routine capital outlays and facility upgrades supporting our RLEC operations, for the actual and projected growth of our voice and data offerings, including those in our new territories from the Allegheny Energy, Inc. fiber acquisition, and for fiber deployment in the RLEC territory related to an infrastructure upgrade to offer, among other services, enhanced broadband services and IPTV-based video services.

Excluding additional capital expenditures relating to information technology discussed below, we currently expect capital expenditures for 2012 to be in the range of $52 million to $60 million. These capital expenditures will be targeted to leverage our extensive investment in our fiber network backbone and fiber rings with enterprise customer fiber builds, fiber to the cell site deployments and other wholesale revenue opportunities with attractive return on investment profiles. Additionally, we will provide normal network facility upgrades for our RLEC and Competitive operations, and fund fiber deployment in the RLEC territory related to an infrastructure upgrade to offer, among other services, continued deployment of fiber-to-the-home and growth in IPTV-based video subscribers and revenues. We also will incur additional one-time investments as a result of the Business Separation to split systems that we shared with NTELOS and to create new and improved information technology infrastructure.

Net cash provided by financing activities for the year ended December 31, 2011 aggregated $10.1 million, which primarily represents the following:

•

$340.0 million of proceeds from issuance of long-term debt;

•

$315.0 million paid to NTELOS Inc. associated with the Business Separation;

•

$14.4 million net repayments to NTELOS Inc. prior to the Business Separation;

•

$4.9 million used to pay debt issuance costs;

•

$15.5 million repayments on our Credit Facility; and

•

$0.3 million payments under capital lease obligations and $0.1 million of other financing activities.

Net cash provided by financing activities for the year ended December 31, 2010 aggregated $152.8 million, which primarily represents the following:

•

$153.1 million net borrowings from NTELOS Inc.; and

•

$0.3 million payments under capital lease obligations.

As of December 31, 2011, we had approximately $18.1 million in cash and restricted cash and working capital (current assets minus current liabilities) of approximately $6.9 million. Of the total cash on hand as of December 31, 2011, $7.6 million represents previously mentioned pledged deposits for our RUS grant and $10.5 million represents unrestricted cash.

Our RLEC paid dividends of $14.1 million and $29.2 million to NTELOS Communications Inc., a subsidiary of NTELOS, in the years ended December 31, 2011 and 2010, respectively, in accordance with the requirements of NTELOS Inc.’s senior secured credit facility. After the Business Separation, the RLEC is no longer a subsidiary of NTELOS Communications Inc. and will therefore no longer make this dividend payment. The RLEC will pay a dividend to us in accordance with the Credit Facility. There was no dividend during the last two months of 2011.

As discussed in Note 3 of the footnotes to the consolidated financial statements and previously in this Management’s Discussion and Analysis, certain events and actions taken by the FCC and telecommunication carriers that we interconnect with are projected to have a significant negative impact on our future cash flows from the RLEC segment. However, we believe that the growth of our cash flows in the Competitive segment will offset the decline in the RLEC cash flows over time. We expect that our cash flows from operations will be sufficient to satisfy our foreseeable working capital requirements and capital expenditures for more than 12 months. If our growth opportunities result in unforeseeable capital expenditures, we may need to seek additional financing in the future.

On October 31, 2011, we received $340 million of the $370 million new senior secured credit facility (leaving $30 million of undrawn revolver), $315 million of which was used to settle intercompany debt obligations owed to NTELOS Inc. and to fund NTELOS Inc.’s mandatory repayment on its credit facility. After paying approximately $4.9 million in arrangement fees, upfront fees, legal fees and other customary expenses, we netted $20.2 million of cash which we are using as normal working capital reserves. In December 2011, we paid $15 million against the revolver, leaving the revolver balance at $15 million (and $45 million available) at December 31, 2011. In 2012, we have a required principal payment of $2.0 million due on this facility.

On November 4, 2011, our Board of Directors declared the company’s first quarterly cash dividend on our common stock in the amount of $0.14 per share (totaling $3.0 million) which was paid on January 12, 2012 to stockholders of record on December 16, 2011. On February 23, 2011, our Board of Directors declared a quarterly cash dividend on our common stock in the amount of $0.14 per share, which is to be paid on April 12, 2012 to stockholders of record on March 14, 2012.

After considering the cost to service the Credit Facility as well as fund the anticipated level of capital expenditures and fund other routine items such as income taxes, interest and scheduled principal payments, we anticipate that we will generate sufficient cash flow to enable us to pay a regular quarterly dividend. All decisions regarding the declaration and payment of dividends will be at the discretion of our board of directors and will be evaluated from time to time in light of our financial condition, earnings, growth prospects, funding requirements and restrictions under our credit agreement, applicable law and other factors our board deems relevant.

Contractual Obligations and Commercial Commitments

We have contractual obligations and commercial commitments that may affect our financial condition. The following table summarizes our significant contractual obligations and commercial commitments as of December 31, 2011:


	Payments Due by Period
(In thousands)	Total⁽²⁾		Less than one year		Two to three years		Four to five years		After five years
Long-term debt obligations ⁽^1),(³⁾	$	324,500	$	2,000	$	15,000	$	118,000	$	189,500
Capital lease obligations ⁽³⁾		2,076		643		1,038		378		17
Operating lease obligations		13,268		1,913		3,076		2,905		5,374
Purchase obligations	$	2,900	$	2,900	$	—	$	—	$	—

⁽¹⁾	Represents the borrowings under the Credit Facility. See Note 5 to the audited consolidated financial statements contained herein.

⁽²⁾	Excludes certain benefit obligation projected payments under our qualified and non-qualified pension and other post retirement benefit plans. See Note 11 to the audited consolidated financial statements contained herein.

⁽³⁾	Excludes interest.

Off Balance Sheet Arrangements

We do not have any off balance sheet arrangements or financing activities with special purpose entities.

Critical Accounting Policies and Estimates

The fundamental objective of financial reporting is to provide useful information that allows a reader to comprehend our business activities. To aid in that understanding, management has identified our critical accounting policies for discussion herein. These policies have the potential to have a more significant impact on our financial statements, either because of the significance of the financial statement item to which they relate, or because they require judgment and estimation due to the uncertainty involved in measuring, at a specific point in time, events which are continuous in nature.

Principles of Consolidation

The consolidated financial statements principally represent the financial results reflected by NTELOS Holdings Corp. constituting the companies comprising the Competitive and Rural Local Exchange Carrier (“RLEC”) Wireline segments and all of these companies’ wholly-owned subsidiaries and one limited liability corporation where NTELOS or certain of its subsidiaries, as managing member, exercised control. All significant intercompany accounts and transactions have been eliminated. These financial results as of and for the periods prior to the date of the Business Separation have been adjusted to reflect certain corporate expenses which were not previously allocated to the segments. These allocations primarily represent corporate support functions, including but not limited to accounting, human resources, information technology and executive management, as well as corporate legal and professional fees, including audit fees, and equity-based compensation expense related to equity-based awards granted to employees in corporate support functions (Note 2 to the audited consolidated financial statements). We believe that these costs would not have been materially different had they been calculated on a standalone basis. However, such expenses may not be indicative of the actual level of expense and exclude certain expenses that would have been incurred by us if we had operated as an independent, publicly traded company or of the costs expected to be incurred in the future. As such, the financial information herein may not necessarily reflect our financial position, results of operations, and cash flows in the future or what it would have been had we been an independent, publicly traded company through October 31, 2011.

Revenue Recognition

We recognize revenue when services are rendered or when products are delivered, installed and functional, as applicable. Certain of our services require payment in advance of service performance. In such cases, we record a service liability at the time of billing and subsequently recognize revenue ratably over the service period. We bill customers certain transactional taxes on service revenues. These transactional taxes are not included in reported revenues as they are recognized as liabilities at the time customers are billed.

We earn revenue by providing access to and usage of our networks. Local service and airtime revenues are recognized as services are provided. Wholesale revenues are earned by providing switched access and other switched and dedicated services, including wireless roamer management, to other carriers. Revenues for equipment sales are recognized at the point of sale.

We periodically make claims for recovery of access charges on certain minutes of use terminated by us on behalf of other carriers. We recognize revenue in the period that we are able to estimate the amount and when the collection of such amount is considered probable.

Trade Accounts Receivable

We sell our services to residential and commercial end-users and to other communication carriers primarily in Virginia, West Virginia and in parts of Maryland, Pennsylvania, Ohio and Kentucky. We have credit and collection policies to maximize collection of trade receivables and we require deposits on certain sales. We maintain an allowance for doubtful accounts based on historical results, current and expected trends and changes in credit policies. Management believes the allowance adequately covers all anticipated losses with respect to trade receivables. Actual credit losses could differ from such estimates. We include bad debt expense in customer operations expense in our consolidated statements of operations.

Long-lived Asset Recovery

Long-lived assets include property, plant and equipment, long-term deferred charges, goodwill and intangible assets to be held and used. Long-lived assets, excluding goodwill and intangible assets with indefinite useful lives, are recorded at cost and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount should be evaluated pursuant to the subsequent measurement guidance described in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360-10-35. Impairment is determined by comparing the carrying value of these long-lived assets to management’s best estimate of future undiscounted cash flows expected to result from the use of the assets. If the carrying value exceeds the estimated undiscounted cash flows, the excess of the asset’s carrying value over the estimated fair value is recorded as an impairment charge.

We passed step one of this recoverability testing and therefore, no further testing for impairment of these assets on either segment was considered necessary. However, on October 31, 2011, in connection with the Business Separation and the related transfer of all of the wireline assets in the tax-free exchange, we assessed the fair value of

the asset groups transferred. To the extent that the carrying value of each of the asset groups exceeds the fair value, a pro-rata writedown of these assets to fair value is required. Although the RLEC segment assets passed the undiscounted cash flow recoverability test in ASC 360-10-35, the fair value of the RLEC segment assets was determined to be lower than the carrying value by $20.9 million ($12.7 million net of tax) and an impairment charge was recorded accordingly.

Depreciation of property, plant and equipment is calculated on a straight-line basis over the estimated useful lives of the assets, which we review and update based on historical experiences and future expectations. Buildings are depreciated over a 50-year life and leasehold improvements, which are categorized in land and buildings, are depreciated over the shorter of the estimated useful lives or the remaining lease terms. Network plant and equipment are depreciated over various lives from 3 to 50 years, with a weighted average life of approximately 14 years. Furniture, fixtures and other equipment are depreciated over various lives from 2 to 24 years.

Goodwill and Indefinite-Lived Intangibles

Goodwill, franchise rights and radio spectrum licenses are indefinite-lived intangible assets. Indefinite-lived intangible assets are not subject to amortization but are instead tested for impairment annually or more frequently if an event indicates that the asset might be impaired. We assess the recoverability of indefinite-lived assets annually on October 1 and whenever adverse events or changes in circumstances indicate that impairment may have occurred.

We use a two-step process to test for goodwill impairment. Step one requires a determination of the fair value of each of the reporting units and, to the extent that this fair value of the reporting unit exceeds its carrying value (including goodwill), the step two calculation of implied fair value of goodwill is not required and no impairment loss is recognized. In testing for goodwill impairment, we utilize a combination of a discounted cash flow model and an analysis which allocates enterprise value to the reporting units. Our annual testing is performed as of October 1 of each year.

Based on the FCC order adopted on October 27, 2011 and actions taken or projected to be taken by carriers related to network interconnections, we remeasured our RLEC goodwill and franchise rights effective October 27, 2011 and determined that both the RLEC goodwill and franchise rights intangible asset were fully impaired. Accordingly, we recorded a $65.4 million asset impairment charge ($53.0 million after tax). We determined that there was no impairment of the Competitive segment goodwill.

Pension Benefits and Retirement Benefits Other Than Pensions

We sponsor a non-contributory defined benefit pension plan (“Pension Plan”) covering all employees who meet eligibility requirements and were employed by the NTELOS Inc. prior to October 1, 2003. The Pension Plan was closed to NTELOS Inc. employees hired on or after October 1, 2003. Pension benefits vest after five years of plan service and are based on years of service and an average of the five highest consecutive years of compensation subject to certain reductions if the employee retires before reaching age 65 and elects to receive the benefit prior to age 65.

Sections 412 and 430 of the Internal Revenue Code and ERISA Sections 302 and 303 establish minimum funding requirements for defined benefit pension plans. The minimum required contribution is generally equal to the target normal cost plus the shortfall amortization installments for the current plan year and each of the six preceding plan years less any calculated credit balance. If plan assets (less calculated credits) are equal to or exceed the funding target, the minimum required contribution is the target normal cost reduced by the excess funding, but not below zero. Our policy is to make contributions to stay at or above the threshold required in order to prevent benefit restrictions and related additional notice requirements and is intended to provide not only for benefits based on service to date, but also for those expected to be earned in the future. Also, we have nonqualified pension plans that are accounted for similar to its Pension Plan.

We provide certain health care and life benefits for retired employees that meet eligibility requirements. We have two qualified nonpension postretirement benefit plans. The health care plan is contributory, with participants’ contributions adjusted annually. The life insurance plan is also contributory. These obligations, along with all of the pension plans and other post retirement benefit plans, are assumed by us. Eligibility for the life insurance plan is restricted to active pension participants age 50-64 as of January 5, 1994. Neither plan is eligible to employees hired after April 1993. The accounting for the plans anticipates that we will maintain a consistent level of cost sharing for the benefits with the retirees. Our share of the projected costs of benefits that will be paid after retirement is generally being accrued by charges to expense over the eligible employees’ service periods to the dates they are fully eligible for benefits.

We also sponsor a contributory defined contribution plan under Internal Revenue Code Section 401(k) for substantially all employees. Our policy is to match 100% of each participant’s annual contributions for contributions up to 1% of each participant’s annual compensation and 50% of each participant’s annual contributions up to an additional 5% of each participant’s annual compensation. Company contributions vest after two years of service. We fund our 401(k) matching contributions in shares of our common stock.

Income Taxes

Deferred income taxes are provided on an asset and liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. We accrue interest and penalties related to unrecognized tax benefits in interest expense and income tax expense, respectively. Prior to the Business Separation, our income taxes were included in the NTELOS consolidated federal income tax return and certain unitary or consolidated state income tax returns of NTELOS Holdings Corp. However, our income taxes were calculated and provided for on an “as if separate” tax return basis.

Recent Accounting Pronouncements

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 IFRS. ASU No. 2011-04 was issued concurrently with IFRS 13, Fair Value Measurement, to provide largely identical guidance about fair value measurement and disclosure requirements. The new standards do not extend the use of fair value but, rather, provide guidance on how fair value should be applied where it already is required or permitted under IFRS or U.S. GAAP. For U.S. GAAP, most of the changes are clarifications of existing guidance or wording changes to align with IFRS 13. We are required to apply this ASU prospectively for interim and annual reporting periods beginning after December 15, 2011. Early adoption is not permitted. In the period of adoption, a reporting entity will be required to disclose a change, if any, in valuation technique and related inputs that result from applying the ASU and to quantify the total effect, if practicable.

In June 2011, the FASB issued ASU 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. This ASU increases the prominence of other comprehensive income in financial statements. Under this ASU, an entity will have the option to present the components of net income and comprehensive income in either one or two consecutive financial statements. The ASU eliminates the option in U.S. GAAP to present other comprehensive income in the statement of changes in equity. An entity should apply this ASU retrospectively. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted. We will apply the requirements of this ASU to our financial statements for the fiscal year beginning January 1, 2012.

In September 2011, the FASB issued ASU 2011-08, Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment. This ASU permits an entity to make a qualitative assessment of whether it is more likely than not that a reporting unit’s fair value is less than its carrying amount before applying the two-step goodwill impairment test. If an entity concludes it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, it need not perform the two-step impairment test. The ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted. We will apply the requirements of this ASU to our goodwill impairment testing beginning with the fiscal year beginning January 1, 2012.

Item 7A.

Quantitative and Qualitative Disclosures About Market Risk.

We are exposed to market risks primarily related to interest rates. We paid the $177.1 million balance due to NTELOS Inc. on the effective date of the Business Separation (October 31, 2011) by entering into the $370 million post-Business Separation credit facility. As of December 31, 2011, $324.5 million was outstanding under our Credit Facility. As of December 31, 2011, we had a leverage ratio of 3.40:1.00 and an interest coverage ratio 8.10:1.00, both of which are favorable to any future covenant requirement. We have other fixed rate, long-term debt in the form of capital leases totaling $2.1 million as of December 31, 2011.

Under the terms of our Credit Facility, we were required to enter into an interest rate hedge for three years on 50% of the term loans (approximately $155 million). In February 2012, we entered into a 3% interest rate CAP for February 2012 through December 31, 2012 and a delayed interest rate swap agreement from December 31, 2012 through December 31, 2015 whereby we swap three-month LIBOR with a fixed rate of approximately 0.8% on 50% of the term loan balances outstanding. We will be exposed to interest rate risk on the remaining 50% of the term loan balances and 100% of the revolver outstanding balance. We do not purchase or hold any financial derivative instruments for trading purposes.

At December 31, 2011, our financial assets in the combined balance sheets included unrestricted cash of $10.5 million. Other securities and investments totaled $0.1 million at December 31, 2011.

The following sensitivity analysis indicates the impact at December 31, 2011, on the fair value of certain financial instruments, which would be potentially subject to material market risks, assuming a ten percent increase and a ten percent decrease in the levels of our interest rates:


(In thousands)	Book Value		Fair Value		Estimated fair value assuming noted decrease in market pricing		Estimated fair value assuming noted increase in market pricing
Credit Facility	$	324,500	$	N/M	$	356,950	$	292,050
Capital lease obligations	$	2,076	$	2,076	$	2,284	$	1,868

Item 8.

Financial Statements and Supplementary Data.

LUMOS NETWORKS CORP.

INDEX TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS


Report of Independent Registered Public Accounting Firm			50

Consolidated Balance Sheets as of December 31, 2011 and 2010			51

Consolidated Statements of Operations for the years ended December 31, 2011, 2010 and 2009			53

Consolidated Statements of Cash Flows for the years ended December 31, 2011, 2010 and 2009			54

Consolidated Statements of Equity for the years ended December 31, 2011, 2010 and 2009			55

Notes to Consolidated Financial Statements			56

Report of Independent Registered Public Accounting Firm

The Board of Directors and Stockholders

Lumos Networks Corp.:

We have audited the accompanying consolidated balance sheets of Lumos Networks Corp. (the Company) as of December 31, 2011 and 2010, and the related consolidated statements of operations, cash flows, and equity for each of the years in the three-year period ended December 31, 2011. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Lumos Networks Corp. as of December 31, 2011 and 2010, and the results of their operations and their cash flows for each of the years in the three-year period ended December 31, 2011, in conformity with U.S. generally accepted accounting principles.

/s/ KPMG LLP

Richmond, Virginia

March 23, 2012

Consolidated Balance Sheets

Lumos Networks Corp.


(In thousands)	December 31, 2011		December 31, 2010
Assets

Current Assets
Cash	$	10,547	$	489
Restricted cash		7,554		8,062
Accounts receivable, net of allowance of $2,822 ($2,117 in 2010)		23,555		21,171
Other receivables		2,390		1,238
Prepaid expenses and other		2,278		2,021


		46,324		32,981


Securities and Investments		128		71


Property, Plant and Equipment
Land and buildings		22,833		22,597
Network plant and equipment		365,101		328,234
Furniture, fixtures and other equipment		13,069		10,097

Total in service		401,003		360,928
Under construction		18,200		8,350


		419,203		369,278
Less accumulated depreciation		119,245		95,372


		299,958		273,906


Other Assets
Goodwill		100,297		133,735
Franchise rights		—		32,000
Other intangibles, less accumulated amortization of $61,742 ($46,355 in 2010)		45,696		65,904
Deferred charges and other assets		6,197		2,196

		152,190		233,835


	$	498,600	$	540,793

See accompanying Notes to Consolidated Financial Statements.

Consolidated Balance Sheets

Lumos Networks Corp.


(In thousands, except par value per share amounts)	December 31, 2011			December 31, 2010
Liabilities and Equity

Current Liabilities
Current portion of long-term debt	$	2,679		$	688
Accounts payable		12,432			12,298
Dividends payable		2,980			—
Advance billings and customer deposits		12,623			11,653
Accrued compensation		2,832			930
Accrued operating taxes		2,624			844
Other accrued liabilities		3,262			1,322


		39,432			27,735


Long-term Liabilities
Long-term debt		323,897			1,417
Obligation to NTELOS Inc.		—			178,616
Retirement benefits		35,728			—
Deferred income taxes		41,204			61,217
Other long-term liabilities		5,028			5,122
Income tax payable		484			500


		406,341			246,872


Commitments and Contingencies

Equity
Preferred stock, par value $0.01 per share, authorized 100 shares; 0 issued and outstanding in 2011 and 2010		—			—
Common stock, par value $0.01 per share, authorized 55,000 shares; 21,235 shares issued and 21,170 shares outstanding (0 shares issued and outstanding in 2010)		212			—
Additional paid in capital		126,427			—
Accumulated deficit		(57,416	)		—
Accumulated other comprehensive loss		(16,840	)		—
Business equity		—			265,794

Total Lumos Networks Corp. Stockholders’ Equity		52,383			265,794
Noncontrolling interests		444			392

		52,827			266,186


	$	498,600		$	540,793

See accompanying Notes to Consolidated Financial Statements.

Consolidated Statements of Operations

Lumos Networks Corp.


	Year Ended December 31,
(In thousands, except per share amounts)	2011			2010			2009
Operating Revenues	$	207,414		$	145,964		$	130,595

Operating Expenses
Cost of sales and services (exclusive of items shown separately below)		78,484			46,407			40,158
Customer operations		19,551			13,243			12,598
Corporate operations		16,251			13,809			8,582
Depreciation and amortization		43,090			31,365			28,641
Asset impairment charges		86,295			—			—
Accretion of asset retirement obligations		116			11			78

		243,787			104,835			90,057

Operating (Loss) Income		(36,373	)		41,129			40,538

Other Income (Expenses)
Interest expense		(11,993	)		(5,752	)		(1,478	)
Other income, net		105			43			105

		(11,888	)		(5,709	)		(1,373	)

		(48,261	)		35,420			39,165

Income Tax (Benefit) Expense		(4,383	)		14,477			15,768

Net (Loss) Income		(43,878	)		20,943			23,397

Net Income Attributable to Noncontrolling Interests		(52	)		(119	)		(39	)


Net (Loss) Income Attributable to Lumos Networks Corp.	$	(43,930	)	$	20,824		$	23,358


Pro Forma Basic and Diluted (Loss) Earnings per Common Share Attributable to Lumos Networks Corp. Stockholders (Unaudited):
Pro Forma (Loss) Earnings per Share – Basic and Diluted	$	(2.11	)

Pro forma weighted average shares outstanding – basic and diluted		20,815

Cash Dividends Declared per Share – Common Stock	$	0.14

See accompanying Notes to Consolidated Financial Statements.

Consolidated Statements of Cash Flows

Lumos Networks Corp


	Year Ended December 31,
(In thousands)	2011			2010			2009
Cash flows from operating activities
Net (loss) income	$	(43,878	)	$	20,943		$	23,397
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation		27,703			22,738			21,239
Amortization		15,387			8,627			7,402
Accretion of asset retirement obligations		116			11			78
Asset impairment charges		86,295			—			—
Deferred income taxes		(8,110	)		3,463			3,646
Equity-based compensation expense		2,383			1,529			794
Amortization of loan origination costs		132			—			—
Retirement benefits and other		(3,594	)		(2,156	)		(2,551	)
Changes in assets and liabilities from operations:
(Increase) decrease in accounts receivable		(2,082	)		1,175			237
Decrease (increase) in other current assets		297			(320	)		(162	)
Changes in income taxes		3,727			593			100
Increase in accounts payable		425			901			79
Increase in other current liabilities		4,572			1,473			130
Retirement benefit contributions and distributions		(465	)		—			—

Net cash provided by operating activities		82,908			58,977			54,389

Cash flows from investing activities
Purchases of property, plant and equipment		(61,536	)		(40,254	)		(37,011	)
Purchase of FiberNet, net of cash acquired of $221 and working capital and other adjustments of $6,440		—			(162,283	)		—
Acquisition of assets from Allegheny Energy, Inc.		—			—			(26,708	)
Pledged deposit for Rural Utilities Service grant		—			(8,062	)		—
Return of pledged deposit for Rural Utilities Service grant		508			—			—
Cash reimbursement received from Rural Utilities Service grant		508			—			—
Other		(2,248	)		(692	)		—

Net cash used in investing activities		(62,768	)		(211,291	)		(63,719	)

Cash flows from financing activities
Proceeds from issuance of long-term debt		310,000			—			—
Proceeds from issuance of revolving credit facility		30,000			—			—
Payment of debt issuance costs		(4,854	)		—			—
Cash paid to NTELOS Inc. associated with the Business Separation		(315,000	)		—			—
Payments on senior secured term loans		(500	)		—			—
Payments on revolving credit facility		(15,000	)		—			—
(Payment to) borrowings from NTELOS Inc., net		(14,357	)		153,106			9,737
Capital distributions to noncontrolling interests		—			—			(184	)
Payments under capital lease obligations		(317	)		(306	)		(223	)
Other		(54	)		—			—

Net cash (used in) provided by financing activities		(10,082	)		152,800			9,330

Increase in cash		10,058			486			—
Cash:
Beginning of year		489			3			3

End of year	$	10,547		$	489		$	3

See accompanying Notes to Consolidated Financial Statements.

Consolidated Statements of Equity

Lumos Networks Corp.


(In thousands, except per share amounts)	Common Shares		Treasury Shares		Common Stock		Additional Paid-in Capital			Treasury Stock		Accumulated Deficit			Accumulated Other Comprehensive Loss			Business Equity			Total Lumos Networks Corp. Stockholders’ Equity			Noncontrolling Interests			Total Equity
Balance, December 31, 2008		—		—	$	—	$	—		$	—	$	—		$	—		$	280,194		$	280,194		$	418		$	280,612
Equity-based compensation expense																			794			794						794
Dividends paid to NTELOS Communications Inc.																			(31,665	)		(31,665	)					(31,665	)
Capital distributions to noncontrolling interests																						—			(184	)		(184	)
Comprehensive Income:
Net income attributable to Lumos Networks Corp.
Comprehensive income attributable to Lumos Networks Corp.																			23,358			23,358
Comprehensive income attributable to noncontrolling interests																									39
Total Comprehensive Income																												23,397

Balance, December 31, 2009		—		—		—		—			—		—			—			272,681			272,681			273			272,954

Equity-based compensation expense																			1,529			1,529						1,529
Dividends paid to NTELOS Communications Inc.																			(29,240	)		(29,240	)					(29,240	)
Comprehensive Income:
Net income attributable to Lumos Networks Corp.
Comprehensive income attributable to Lumos Networks Corp.																			20,824			20,824
Comprehensive income attributable to noncontrolling interests																									119
Total Comprehensive Income																												20,943

Balance, December 31, 2010		—		—		—		—			—		—			—			265,794			265,794			392			266,186

Allocation of beginning of year business equity in connection with the Business Separation								262,155					3,639						(265,794	)		—						—
Spin-off from NTELOS Holdings Corp.		21,223				212		(138,107	)							(14,113	)					(152,008	)					(152,008	)
Equity-based compensation expense								1,694														1,694						1,694
Restricted shares issued, shares issued through the employee stock purchase plan and 401(k) matching contributions and stock options exercised		12						685														685						685
Common shares reacquired through restricted stock forfeits				65																		—						—
Cash dividends declared ($0.14 per share)													(2,980	)								(2,980	)					(2,980	)
Dividends paid to NTELOS Communications Inc.													(14,145	)								(14,145	)					(14,145	)
Comprehensive Loss:
Net loss attributable to Lumos Networks Corp.													(43,930	)
Unrecognized loss (net) from defined benefit plans, net of $10,798 of deferred income tax asset																(2,847	)
Amortization of unrecognized loss from defined benefit plans, net of $77 of deferred income tax asset																120
Comprehensive loss attributable to Lumos Networks Corp.																						(46,657	)
Comprehensive income attributable to noncontrolling interests																									52
Total Comprehensive Loss																												(46,605	)

Balance, December 31, 2011		21,235		65	$	212	$	126,427		$	—	$	(57,416	)	$	(16,840	)	$	—		$	52,383		$	444		$	52,827

See accompanying Notes to Consolidated Financial Statements.

Notes to Consolidated Financial Statements

Lumos Networks Corp.

Note 1. Organization

On October 14, 2011, NTELOS Holdings Corp. (“NTELOS”) announced a distribution date of October 31, 2011 for the spin-off of all of the issued and outstanding shares of common stock of Lumos Networks, which operated NTELOS’s wireline operations (the “Business Separation”). Prior to and in connection with the Business Separation, following the market close on October 31, 2011, NTELOS effectuated a 1-for-2 reverse stock split (the “Reverse Stock Split”) of its shares of Common Stock, $0.01 par value (the “Common Stock”). The spin-off of Lumos Networks was in the form of a tax-free stock distribution to NTELOS stockholders of record as of the close of business on October 24, 2011, the record date (the “Distribution”). On October 31, 2011, NTELOS distributed one share of Lumos Networks common stock for every share of NTELOS’s common stock outstanding, on a post-Reverse Stock Split basis.

In connection with the Business Separation, Lumos Networks paid $315 million to NTELOS on October 31, 2011 (i) to settle with cash the intercompany debt owed to NTELOS as of the Business Separation date ($177.1 million) and, with the balance, (ii) to fund a mandatory repayment on NTELOS’s credit facility resulting from the Business Separation.

Lumos Networks is a fiber-based network service provider in the Mid-Atlantic region. The Company serves carrier, business and residential customers over a dense fiber network offering data, IP services and voice services utilizing an on-network service strategy. Following a contiguous regional expansion strategy, the Company has expanded from the base rural local exchange carrier (“RLEC”) service territory in rural western Virginia to its current six state regional presence including western Virginia, West Virginia, and portions of Pennsylvania, Maryland, Ohio and Kentucky. The Company’s growth into a regional service provider has been achieved by pursuing organic growth opportunities and complementary acquisitions.

On December 1, 2010, the Company acquired from One Communications Corp. (“OCC”) all of the membership interest of Mountaineer Telecommunication, LLC (hereinafter referred to as “FiberNet”) for net cash consideration at closing of $162.5 million. FiberNet is a facility-based Competitive Local Exchange Carrier (“CLEC”) headquartered in Charleston, West Virginia. FiberNet offers voice, data, and IP-based services in West Virginia and portions of Ohio, Maryland, Pennsylvania, Virginia and Kentucky and had approximately 30,000 customer accounts as of the acquisition date and has an extensive fiber network. The FiberNet network provides enhancements that add diversity and capacity to the Company’s combined network of approximately 5,800 route-miles and the increased density provides immediate access to more enterprise customers in new tier two and three markets. NTELOS Inc. funded the acquisition through a combination of a $125 million incremental term loan under its existing senior secured credit facility and cash on hand. The $162.5 million net cash outlay for this purchase transaction was funded by Lumos Networks through an increase to its intercompany obligation with NTELOS Inc., which obligation was settled on October 31, 2011 through the aforementioned $315 million cash payment to NTELOS. Under the terms of the purchase agreement, $5.0 million of the purchase price was put in escrow.

The Company finalized its acquisition accounting related to the purchase of FiberNet prior to December 1, 2011 and recorded the following adjustments, which are reflected in the consolidated balance sheet as of December 31, 2010:


(In thousands)	Increase (decrease)
Assets acquired
Current assets	$	386
Property, plant and equipment		50
Goodwill		(844	)
Total assets acquired		(408	)
Liabilities assumed
Current liabilities		(400	)
Long-term debt (capital leases)		(8	)
Total liabilities assumed	$	(408	)

Note 2. Relationship with NTELOS

In connection with the Business Separation, the Company entered into a series of agreements with NTELOS which are intended to govern the relationship between the Company and NTELOS going forward. These agreements include commercial service agreements, a separation and distribution agreement, an employee matters agreement, a tax matters agreement and intellectual property agreements. The Company also entered into a transition services agreement with NTELOS. During the year ended December 31, 2011, the net expense to the Company related to the transition services agreement was $0.4 million. See Note 13 regarding related party transactions with NTELOS.

Under the tax matters agreement entered into between NTELOS and the Company, the Company is generally required to indemnify NTELOS against any tax resulting from the Distribution to the extent that such tax resulted from any of the following events (among others): (1) an acquisition of all or a portion of our stock or assets, whether by merger or otherwise, (2) any negotiations, understandings, agreements or arrangements with respect to transactions or events that cause the Distribution to be treated as part of a plan pursuant to which one or more persons acquire, directly or indirectly, stock representing a 50% or greater interest in Lumos Networks, (3) certain other actions or failures to act by the Company, or (4) any breach by the Company of certain of its representations or undertakings. The Company’s indemnification obligations to NTELOS and its subsidiaries, officers and directors are not limited by any maximum amount.

Pursuant to the separation and distribution agreement and certain other agreements with NTELOS, NTELOS agreed to indemnify the Company from certain liabilities, and the Company agreed to indemnify NTELOS for certain liabilities.

Note 3. Significant Accounting Policies

Accounting Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Additionally, the financial information included herein may not necessarily reflect the Company’s financial position, results of operations and cash flows in the future or what the Company’s financial position, results of operations and cash flows would have been had Lumos Networks been an independent, publicly traded company through October 31, 2011. Lumos Networks’ management believes that all historical costs of operations have been reflected in the consolidated financial statements.

Principles of Consolidation

The consolidated financial statements principally represent the financial results reflected by NTELOS constituting the companies comprising the Competitive and RLEC wireline segments for all periods prior to the Business Separation on October 31, 2011. All significant intercompany accounts and transactions have been eliminated. These financial results as of and for the periods prior to the date of the Business Separation have been adjusted to

reflect certain corporate expenses which were not previously allocated to the segments. These allocations primarily represent corporate support functions, including but not limited to accounting, human resources, information technology and executive management, as well as corporate legal and professional fees, including audit fees, and equity-based compensation expense related to equity-based awards granted to employees in corporate support functions. These additional expenses for the ten months ended October 31, 2011 were $2.6 million and for the years ended December 31, 2010 and 2009 were $5.1 million (inclusive of $2.8 million of FiberNet acquisition-related costs) and $1.8 million, respectively. The Company believes that these costs would not have been materially different had they been calculated on a standalone basis. However, such expenses may not be indicative of the actual level of expense and exclude certain expenses that would have been incurred by the Company if it had operated as an independent, publicly traded company or of the costs expected to be incurred in the future. Refer to Note 13 for further information regarding allocated expenses.

Revenue Recognition

The Company recognizes revenue when services are rendered or when products are delivered, installed and functional, as applicable. Certain services of the Company require payment in advance of service performance. In such cases, the Company records a service liability at the time of billing and subsequently recognizes revenue ratably over the service period. The Company bills customers certain transactional taxes on service revenues. These transactional taxes are not included in reported revenues as they are recognized as liabilities at the time customers are billed.

The Company earns revenue by providing access to and usage of its networks. Local service revenues are recognized as services are provided. Wholesale revenues are earned by providing switched access and other switched and dedicated services, including wireless roamer management, to other carriers. Revenues for equipment sales are recognized at the point of sale.

The Company periodically makes claims for recovery of access charges on certain minutes of use terminated by the Company on behalf of other carriers. The Company recognizes revenue in the period that it is able to estimate the amount and when the collection of such amount is considered probable.

Cash and Cash Equivalents/Centralized Cash Management Systems

The Company considers its investment in all highly liquid debt instruments with an original maturity of three months or less to be cash equivalents. The Company places its temporary cash investments with high credit quality financial institutions with a maturity date of not greater than 90 days from acquisition and all are investments held by commercial banks. At times, such investments may be in excess of the FDIC insurance limit. The commercial bank that holds significantly all of the Company’s cash at December 31, 2011 has maintained a high rating by Standard & Poor’s and Moody’s. At December 31, 2011 and 2010, the Company did not have any cash equivalents.

As of December 31, 2011, all of the Company’s cash was held in non-interest bearing deposit accounts which are fully insured by the FDIC. Total interest income related to cash was negligible for the years ended December 31, 2011, 2010 and 2009.

Prior to the Business Separation, NTELOS Inc. used a centralized cash management program where NTELOS Inc. held a majority of the cash for NTELOS and its subsidiaries, including Lumos Networks. NTELOS Inc. funded the majority of cash disbursements and received the majority of cash receipts for all of its subsidiaries. Cash received by NTELOS Inc. and payments made by NTELOS Inc. which related to Lumos Networks were accounted for by the Company as due to/from NTELOS Inc. and were classified as a non-current asset or long-term borrowing as appropriate and bore interest at a rate that was substantially equal to NTELOS Inc.’s weighted average long-term borrowing rate excluding the effect of debt issuance cost and original issue discount amortization (for balances due to NTELOS Inc.) and NTELOS Inc.’s average earnings rate (for amounts due from NTELOS Inc.).

Restricted Cash

During 2010, the Company received a federal broadband stimulus award to bring broadband services and infrastructure to Alleghany County, Virginia. The total project is $16.1 million, of which 50% (approximately $8 million) is being funded by a grant from the federal government. The project is expected to be completed in or before 2013. The Company was required to deposit 100% of its portion for the grant (approximately $8 million) into a pledged account in advance of any reimbursements, which can be drawn down ratably following the grant reimbursement approvals which are contingent on adherence to the program requirements. The Company received $0.5 million in the fourth quarter of 2011 for the reimbursable portion of the qualified recoverable expenditures

through September 30, 2011, and the Company has a $2.4 million receivable for the reimbursable portion of the qualified recoverable expenditures through December 31, 2011. At December 31, 2011, the Company reduced its pledged account to $7.6 million. This escrow account is a non-interest bearing, fully insured account with its primary commercial bank.

Trade Accounts Receivable

The Company sells its services to residential and commercial end-users and to other communication carriers primarily in Virginia, West Virginia and in parts of Maryland, Pennsylvania, Ohio and Kentucky. The Company has credit and collection policies to maximize collection of trade receivables and requires deposits on certain sales. The Company maintains an allowance for doubtful accounts based on historical results, current and expected trends and changes in credit policies. Management believes the allowance adequately covers all anticipated losses with respect to trade receivables. Actual credit losses could differ from such estimates. The Company includes bad debt expense in customer operations expense in the consolidated statements of operations. Bad debt expense for the years ended December 31, 2011, 2010 and 2009 was $1.0 million, $0.3 million and $0.1 million, respectively. The Company’s allowance for doubtful accounts was $2.8 million and $2.1 million as of December 31, 2011 and 2010, respectively.

Property, Plant and Equipment and Other Long-Lived Assets

Goodwill, franchise rights and radio spectrum licenses are indefinite-lived intangible assets. Indefinite-lived intangible assets are not subject to amortization but are instead tested for impairment annually or more frequently if an event indicates that the asset might be impaired. The Company policy is to assess the recoverability of indefinite-lived assets annually on October 1 and whenever adverse events or changes in circumstances indicate that impairment may have occurred.

The Company performed its impairment testing related to its RLEC and Competitive business segments’ indefinite lived intangible assets, goodwill and long-lived assets, including these segments’ amortizable intangible assets, as of October 1, 2011. However, a significant update was required on October 27, 2011 based on actions taken by the Federal Communications Commission (“FCC”). On this date, the FCC adopted, but did not release, an order comprehensively reforming its Universal Service Fund and intercarrier compensation systems. On November 18, 2011, the FCC released the order. In the order, the FCC determined that interstate and intrastate access charges, as well as local reciprocal compensation, should be eliminated entirely over time. The Company updated its future revenue and cash flow projections based on our understanding of the order at this time. In addition to this, actions were taken or we project will be taken by carriers relating to network interconnections and interconnection rates which had or are projected to have a significant impact to our future access revenues. In performing the impairment testing as of October 27, 2011, the Company’s projections reflected estimations of all of the above factors.

The franchise rights in the RLEC reporting unit largely reflects the value associated with revenues generated from its customers (including other carriers with which the Company interconnects) and future customers based on being the incumbent local exchange carrier and tandem access provider in these rural markets. The Company utilized the Greenfield cash flow valuation method in its impairment testing for this asset. The Greenfield method is an income approach which isolates value to the specific assets being valued and then compares the values to the calculated enterprise value as a validity test. The method is based on a number of assumptions under a start-up scenario but considers the Company’s future projects in modeling the operating results as the business matures.

The Company used a two-step process to test for goodwill impairment for its Competitive and RLEC business segments. Step one requires a determination of the fair value of each of the reporting units and, to the extent that the fair value of the reporting unit exceeds its carrying value (including goodwill), the step two calculation of implied fair value of goodwill is not required and no impairment loss is recognized. In testing for goodwill impairment, the Company utilizes a combination of a discounted cash flow model and an analysis which allocates enterprise value to the reporting units.

Based on its ASC 360-10-35 testing, the Company determined that both the goodwill on the RLEC segment and the RLEC franchise rights were fully impaired. Accordingly, the Company recorded a $65.4 million asset impairment charge ($53.0 million after tax), which is included in the line item “asset impairment charges” on the consolidated statement of operations for the year ended December 31, 2011. The Company determined that there was no impairment of the Competitive segment goodwill as the fair value of the reporting unit substantially exceeded its carrying value.

The Company performed recovery testing of its long-lived tangible and finite-lived intangible assets as of October 27, 2011 utilizing the methodology noted above in ASC 360-10-35. The Company passed step one of this recoverability testing and therefore, no further testing for impairment of these assets on either segment was considered necessary. However, on October 31, 2011, in connection with the Business Separation and the related transfer of all of the wireline assets in the tax-free exchange, the Company assessed the fair value of the asset groups transferred. To the extent that the carrying value of each of the asset groups exceeds their fair value, a pro-rata writedown of these assets is required. Although the RLEC segment assets passed the undiscounted cash flow recoverability test in ASC 360-10-35, the fair value of the RLEC segment assets was determined to be lower than the carrying value by $20.9 million ($12.7 million net of tax) and an impairment charge was recorded for the amount of this difference. The asset impairment charge is included in the line item “asset impairment charges” on the consolidated statement of operations for the year ended December 31, 2011. The allocation of this charge was as follows:


(In thousands)	2011
Property, Plant and Equipment	$	16,032
Customer Intangible		4,661
Trademark		164

Total impairment	$	20,857

The following table presents the activity in goodwill for the years ended December 31, 2011 and 2010.


	2011								2010
(In thousands)	Gross Goodwill		Accumulated Impairment Loss			Net Goodwill			Goodwill
Beginning balance	$	133,735	$	—		$	133,735		$	49,341
Excess of cash paid over value of tangible assets acquired from the FiberNet business (Competitive segment)		—		—			—			84,394
Impairment of goodwill in the RLEC segment		—		(33,438	)		(33,438	)		—

Ending balance	$	133,735	$	(33,438	)	$	100,297		$	133,735

Depreciation of property, plant and equipment is calculated on a straight-line basis over the estimated useful lives of the assets, which the Company reviews and updates based on historical experiences and future expectations.

Intangibles with a finite life are classified as other intangibles on the consolidated balance sheets. At December 31, 2011 and 2010, other intangibles were comprised of the following:


		2011					2010
(Dollars in thousands)	Estimated Life	Gross Amount		Accumulated Amortization			Gross Amount		Accumulated Amortization
Customer relationships	3 to 15 yrs	$	103,153	$	(59,286	)	$	107,809	$	(45,186	)
Trademarks	0.5 to 15 yrs		3,186		(1,884	)		3,350		(1,125	)
Non-compete agreement	2 yrs		1,100		(572	)		1,100		(44	)

Total		$	107,439	$	(61,742	)	$	112,259	$	(46,355	)

The Company amortizes its finite-lived intangible assets using the straight-line method unless it determines that another systematic method is more appropriate. The amortization for the FiberNet customer relationship intangible is being amortized using an accelerated amortization method based on the pattern of estimated earnings from these assets.

The estimated life of amortizable intangible assets is determined from the unique factors specific to each asset and the Company reviews and updates estimated lives based on current events and future expectations. The Company capitalizes costs incurred to renew or extend the term of a recognized intangible asset and amortizes such costs over the remaining life of the asset. No such costs were incurred during the years ended December 31, 2011, 2010 or 2009. Amortization expense for the years ended December 31, 2011, 2010 and 2009 was $15.4 million, $8.6 million and $7.4 million, respectively.

Amortization expense for the next five years is expected to be as follows:


(In thousands)	Customer Relationships		Trademarks		Non-Compete		Total
2012	$	10,450	$	159	$	528	$	11,137
2013		9,664		159		—		9,823
2014		9,028		159		—		9,187
2015		4,647		159		—		4,806
2016	$	2,416	$	159	$	—	$	2,575

Accounting for Asset Retirement Obligations

An asset retirement obligation is evaluated and recorded as appropriate on assets for which the Company has a legal obligation to retire. The Company records a liability for an asset retirement obligation and the associated asset retirement cost at the time the underlying asset is acquired. Subsequent to the initial measurement of the asset retirement obligation, the obligation is adjusted at the end of each period to reflect the passage of time and changes in the estimated future cash flows underlying the obligation.

The Company enters into various facility co-location agreements and is subject to locality franchise ordinances. The Company constructs assets at these locations and, in accordance with the terms of many of these agreements, the Company is obligated to restore the premises to their original condition at the conclusion of the agreements, generally at the demand of the other party to these agreements. The Company recognizes the fair value of a liability for an asset retirement obligation and capitalizes that cost as part of the cost basis of the related asset, depreciating it over the useful life of the related asset.

Included in certain of the franchise ordinances under which the RLECs and CLECs operate are clauses that require the removal of the RLEC’s and CLEC’s equipment at the termination of the franchise agreement. The Company has not recognized an ARO for these liabilities as the removal of the equipment is not estimable due to an indeterminable end date and the fact that the equipment is part of the public switched telephone network and it is not reasonable to assume the jurisdictions would require its removal.

The following table indicates the changes to the Company’s asset retirement obligation liability, which is included in other long-term liabilities, for the years ended December 31, 2011 and 2010:


(In thousands)	2011			2010
Asset retirement obligations, beginning	$	1,070		$	865
Asset retirement obligations acquired from purchase of FiberNet		—			105
Additional asset retirement obligations recorded, net of adjustments in estimates		(72	)		89
Accretion of asset retirement obligations		116			11

Asset retirement obligations, ending	$	1,114		$	1,070

Deferred Financing Costs

The Company incurred and paid $4.9 million of issuance costs related to the $370 million post-Business Separation credit facility, which was funded on October 31, 2011. These costs were deferred and are being amortized over the life of the related debt instrument using the effective interest method (Note 5).

Advertising Costs

The Company expenses advertising costs and marketing production costs as incurred (included within customer operations expenses in the consolidated statements of operations). Advertising expense for the years ended December 31, 2011, 2010 and 2009 was $0.9 million, $0.5 million and $0.6 million, respectively.

Pension Benefits and Retirement Benefits Other Than Pensions

Prior to the Business Separation, Lumos Networks participated in several qualified and nonqualified pension plans and other postretirement benefit plans (“OPEBs”) sponsored by NTELOS Inc. On the effective date of the Business Separation, Lumos Networks assumed its portion of the assets and liabilities for these pension benefits and OPEBs. Lumos Networks sponsors a non-contributory defined benefit pension plan (“Pension Plan”) covering all employees who meet eligibility requirements and were employed by NTLEOS prior to October 1, 2003. The Pension Plan was closed to NTELOS employees hired on or after October 1, 2003. Pension benefits vest after five years of plan service and are based on years of service and an average of the five highest consecutive years of compensation subject to certain reductions if the employee retires before reaching age 65 and elects to receive the benefit prior to age 65.

normal cost plus the shortfall amortization installments for the current plan year and each of the six preceding plan years less any calculated credit balance. If plan assets (less calculated credits) are equal to or exceed the funding target, the minimum required contribution is the target normal cost reduced by the excess funding, but not below zero. The Company’s policy is to make contributions to stay at or above the threshold required in order to prevent benefit restrictions and related additional notice requirements and is intended to provide not only for benefits based on service to date, but also for those expected to be earned in the future. Also, Lumos Networks has nonqualified pension plans that are accounted for similar to its Pension Plan.

Lumos Networks provides certain health care and life benefits for retired employees that meet eligibility requirements. The Company has two qualified nonpension postretirement benefit plans. The health care plan is contributory, with participants’ contributions adjusted annually. The life insurance plan is also contributory. These obligations, along with all of the pension plans and other post retirement benefit plans, are assumed by the Company. Eligibility for the life insurance plan is restricted to active pension participants age 50-64 as of January 5, 1994. Neither plan is eligible to employees hired after April 1993. The accounting for the plans anticipates that the Company will maintain a consistent level of cost sharing for the benefits with the retirees. The Company’s share of the projected costs of benefits that will be paid after retirement is generally being accrued by charges to expense over the eligible employees’ service periods to the dates they are fully eligible for benefits.

Lumos Networks sponsors a contributory defined contribution plan under Internal Revenue Code Section 401(k) for substantially all employees. In connection with the Business Separation, NTELOS transferred to the Company’s 401(k) plan an amount equal to the account balances of the Company’s employees and former employees in NTELOS’s 401(k) plan. Each of the Company’s participating employees was credited for all service accrued with NTELOS prior to such transfer for all purposes under the Company’s 401(k) plan. The Company’s policy is to match 100% of each participant’s annual contributions for contributions up to 1% of each participant’s annual compensation and 50% of each participant’s annual contributions up to an additional 5% of each participant’s annual compensation. Company contributions vest after two years of service.

Operating Leases

The Company has operating leases for administrative office space and equipment, certain of which have renewal options. These leases, with few exceptions, provide for automatic renewal options and escalations that are either fixed or based on the consumer price index. Any rent abatements, along with rent escalations, are included in the computation of rent expense calculated on a straight-line basis over the lease term. The Company’s minimum lease term for most leases includes the initial non-cancelable term and at least one renewal period to the extent that the exercise of the related renewal option or options is reasonably assured. A renewal option or options is determined to be reasonably assured if failure to renew the leases imposes an in-substance economic penalty on the Company. Leasehold improvements are depreciated over the shorter of the assets’ useful life or the lease term, including renewal option periods that are reasonably assured.

Income Taxes

Deferred income taxes are provided on an asset and liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company accrues interest and penalties related to unrecogn ized tax benefits in interest expense and income tax expense, respectively. Prior to the Business Separation, the Company’s income taxes were included in the NTELOS consolidated federal income tax return and certain unitary or consolidated state income tax returns of NTELOS Holdings Corp. However, the Company’s income taxes were calculated and provided for on an “as if separate” tax return basis.

Equity-based Compensation

The Company accounts for share-based employee compensation plans under FASB ASC 718, Stock Compensation. Equity-based compensation expense from share-based equity awards is recorded with an offsetting increase to additional paid-in capital on the consolidated balance sheet. For equity awards with only service conditions, the Company recognizes compensation cost on a straight-line basis over the requisite service period for the entire award.

Equity awards prior to the Business Separation were granted in NTELOS stock instruments and the related expense was allocated to the Company. Unvested NTELOS stock instruments were converted to commensurate Lumos Networks stock instruments in connection with and at the time of the Business Separation. The fair value of the common stock options granted during the years ended December 31, 2011, 2010 and 2009 was estimated at the respective measurement date using the Black-Scholes option-pricing model with assumptions related to risk-free interest rate, expected volatility, dividend yield and expected terms.

Total equity-based compensation expense related to all of the share-based awards (Note 8) for the years ended December 31, 2011, 2010 and 2009 and the Company’s 401(k) matching contributions was allocated as follows:


(In thousands)	2011		2010		2009
Cost of sales and services	$	314	$	230	$	148
Customer operations		419		297		143
Corporate operations		1,650		1,002		503


Equity-based compensation expense	$	2,383	$	1,529	$	794

Future charges for equity-based compensation related to instruments outstanding at December 31, 2011 for the years 2012 through 2015 are estimated to be $2.1 million, $1.3 million, $0.4 million and $0.1 million, respectively.

Pro Forma Earnings per Share (Unaudited)

The Company computes pro forma earnings per share based on the weighted number of shares of common stock and dilutive potential common share equivalents outstanding. Prior to the Business Separation, the Company did not have any common stock outstanding and therefore, pro forma earnings per share is calculated based on the two month post-Business Separation period beginning November 1, 2011 and ending December 31, 2011 for 2011 and is not applicable for prior years.

Recent Accounting Pronouncements

In June 2011, the FASB issued Accounting Standards Update (“ASU”) 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. This ASU increases the prominence of other comprehensive income in financial statements. Under this ASU, an entity will have the option to present the components of net income and comprehensive income in either one or two consecutive financial statements. The ASU eliminates the option in U.S. GAAP to present other comprehensive income in the statement of changes in equity. An entity should apply this ASU retrospectively. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted. The Company will apply the requirements of this ASU to its financial statements for the fiscal year beginning January 1, 2012.

Note 4. Disclosures About Segments of an Enterprise and Related Information

The Company manages its business with separate products and services in two segments as described below.

Competitive: The Company directly or indirectly owns approximately 5,800 route-miles of fiber optic network which it utilizes to provide high capacity transport, data services and broadband Internet access. The Competitive segment offers services in more than 100 geographic markets as well as transport services to retail and carrier customers across the network that reaches portions of Virginia, West Virginia, southwestern Pennsylvania, Maryland, Ohio and Kentucky. The Competitive segment focuses on providing “on-net” fiber-based services, including integrated voice and data service, Metro Ethernet, dedicated high speed Internet access and carrier transport services. As noted in the RLEC section below, revenue and operating expenses from services sold in the RLEC service areas that relate to unregulated services, such as integrated access, DSL, broadband over fiber and video, are reported in the Competitive segment. The Competitive segment pays the RLEC tariff and prevailing market rates for these services, the revenue and expense of which are eliminated in consolidation.

RLEC: The Company has two RLEC businesses subject to the regulations of the State Corporation Commission of Virginia. These businesses serve several areas in western Virginia, are fully integrated and are managed as one consolidated operation. The Company’s primary RLEC services are voice services and broadband Internet access but also offers IPTV-based video services and high speed broadband Internet in areas where it has deployed fiber to the home. Revenues and operating expenses related to video and Internet services are reported in the Competitive segment.

Revenues from Verizon accounted for approximately 12% of the Company’s total revenue for the years ended December 31, 2010 and 2009, respectively. Revenue from Verizon was derived from RLEC and Competitive segments’ network access.

Summarized financial information concerning the Company’s reportable segments is shown in the following table.

(In thousands)

Competitive

RLEC

Eliminations

Total

As of and for the year ended December 31, 2011

Operating revenues

154,757

52,657

—

207,414

Intersegment revenues⁽¹⁾

644

4,632

(5,276

)

—

Depreciation and amortization and accretion of asset retirement obligations

29,579

13,627

—

43,206

Asset impairment charges

—

86,295

—

86,295

Equity-based compensation expense

1,474

909

—

2,383

Business Separation charges⁽²⁾

1,019

339

—

1,358

Acquisition related charges

—

Operating (loss) income

29,955

(66,328

)

—

(36,373

)

Capital expenditures

45,720

15,816

—

61,536

Goodwill

100,297

—

100,297

Total assets

355,979

142,621

—

498,600

⁽¹⁾	Intersegment revenues consist primarily of telecommunications services such as local exchange services, inter-city and local transport voice and data services, and leasing of various network elements. Intersegment revenues are primarily recorded at tariff and prevailing market rates.

⁽²⁾

Business Separation charges include audit, legal and other professional fees incurred during the period related to the Company’s separation from NTELOS Holdings Corp. into a separate publicly traded company (Note 1). These charges are included in corporate operations expense on the statement of operations.


(In thousands)	Competitive		RLEC		Eliminations			Total
As of and for the year ended December 31, 2010
Operating revenues	$	88,471	$	57,493	$	—		$	145,964
Intersegment revenues⁽¹⁾		1,036		4,254		(5,290	)		—
Depreciation and amortization and accretion of asset retirement obligations		17,272		14,104		—			31,376
Equity-based compensation expense		816		713		—			1,529
Acquisition related charges⁽²⁾		3,020		—		—			3,020
Operating income		16,208		24,921		—			41,129

Capital expenditures		27,950		12,304		—			40,254

Goodwill		100,297		33,438		—			133,735

Total assets	$	345,259	$	195,534	$	—		$	540,793


(In thousands)	Competitive		RLEC		Eliminations			Total
For the year ended December 31, 2009
Operating revenues	$	71,086	$	59,509	$	—		$	130,595
Intersegment revenues⁽¹⁾		963		4,216		(5,179	)		—
Depreciation and amortization and accretion of asset retirement obligations		13,760		14,959		—			28,719
Equity-based compensation expense		346		448		—			794
Operating income		13,704		26,834		—			40,538

Capital expenditures		26,075		10,936		—			37,011
Acquisition of assets from Allegheny Energy, Inc.	$	26,708	$	—	$	—		$	26,708

⁽¹⁾	Intersegment revenues consist primarily of telecommunications services such as local exchange services, inter-city and local transport voice and data services, and leasing of various network elements. Intersegment revenues are primarily recorded at tariff and prevailing market rates.

⁽²⁾	Acquisition related charges include legal and other professional fees incurred during 2010 related to the Company’s acquisition of the FiberNet business from One Communications Corp., which closed on December 1, 2010.

Note 5. Long-Term Debt

As of December 31, 2011 and 2010, the Company’s outstanding long-term debt consisted of the following:


(In thousands)	2011		2010
Credit facility	$	324,500	$	—
Long-term obligation to NTELOS Inc.		—		178,616
Capital lease obligations		2,076		2,105

		326,576		180,721

Less: current portion of long term debt		2,679		688

	$	323,897	$	180,033

Credit Facility

On September 8, 2011, Lumos Networks Operating Company, a wholly-owned subsidiary of Lumos Networks, entered into a $370 million post-Business Separation credit facility (the “Credit Facility”). Funding under the Credit Facility occurred upon the effective date of the Business Separation, which was October 31, 2011. The Credit Facility consists of a $60 million senior secured five year revolving credit facility (the “Revolver”), $15 million of which was outstanding as of December 31, 2011; a $110 million senior secured five year amortizing term loan (the “Term Loan A”); and a $200 million senior secured six year amortizing term loan (the “Term Loan B”). The proceeds of the Credit Facility were made available to Lumos Networks Operating Company on the effective date of the Business Separation and were used to fund a working capital cash reserve at Lumos Networks and to pay $315 million to NTELOS Inc. (i) to settle with cash the intercompany debt owed to NTELOS as of the Business Separation date ($177.1 million) and, with the balance, (ii) to fund a mandatory repayment on NTELOS’s credit facility resulting from the Business Separation. Pricing of the Lumos Networks Operating Company credit facility is LIBOR plus 3.25% for the Revolver and the Term Loan A and LIBOR plus 3.50% for the Term Loan B. The Credit Facility does not require a minimum LIBOR rate. The Credit Facility is secured by a first priority pledge of substantially all property and assets of Lumos Networks Operating Company and all material subsidiaries, as guarantors, excluding the RLECs.

The Credit Facility includes various restrictions and conditions, including covenants relating to leverage and interest coverage ratio requirements. At December 31, 2011, Lumos Networks’ leverage ratio (as defined under the credit agreement) was 3.40:1.00 and its interest coverage ratio was 8.10:1.00. The Credit Facility requires that the leverage ratio not exceed 4.00:1.00 through September 30, 2014 (and 3.75:1.00 thereafter) and the interest coverage ratio not be less than 3.25:1:00. The Credit Facility also sets a maximum distributable amount that limits restricted payments, including the payment of dividends. The initial distributable amount was set at $5 million at the date of funding and, on January 1, 2012, the distributable amount was increased by $12 million. For each year thereafter the amount will be increased by the greater of $12 million or 75% of free cash flow (as defined under the credit agreement). The distributable amount is reduced by any restricted payments including dividend payments. The distributable amount as of December 31, 2011 was $5 million.

In connection with entering into the Credit Facility, the Company has deferred $4.9 million in debt issuance costs which are being amortized to interest expense over the life of the debt using the effective interest method. Amortization of these costs for the year ended December 31, 2011 was $0.1 million.

The aggregate maturities of the Term Loan A and Term Loan B are $2.0 million in 2012, $7.5 million in 2013, $7.5 million in 2014, $13.0 million in 2015, $90.0 million in 2016 and $189.5 million in 2017. The revolver is payable in full in 2016.

The Company’s blended average interest rate on its long-term debt for the year ended December 31, 2011 was 5.4%.

Long-term obligation to NTELOS Inc.

Prior to the Business Separation, NTELOS Inc. used a centralized cash management program, where NTELOS Inc. held a majority of the cash for NTELOS Holdings Corp. and its subsidiaries, inclusive of the subsidiaries that now comprise Lumos Networks. NTELOS Inc. funded the majority of cash disbursements and received the majority of cash receipts for all of its subsidiaries. Cash received by NTELOS Inc. and payments made by NTELOS Inc. which related to Lumos Networks were accounted for by the Company as securities and investments or long-term borrowings as appropriate and bore interest at a rate that was substantially equal to NTELOS Inc.’s weighted average interest rate from its total debt, excluding the effect of debt issuance cost and original issue discount amortization. This weighted average interest rate was approximately 3.6% and 5.3% for the year ended December 31, 2011 and 2010, respectively. The long-term obligation to NTELOS Inc. as of December 31, 2010 primarily represents the $162.5 million cash consideration paid for the acquisition of FiberNet on December 1, 2010 and the approximate $27 million cash consideration paid for the Allegheny asset acquisition on December 31, 2009. The Company used the proceeds from its post-Business Separation Credit Facility (described above) to make a payment of $315 million to NTELOS Inc. to satisfy its obligation to NTELOS Inc. at the consummation of the Business Separation.

Capital lease obligations

In addition to the long-term debt discussed above, the Company has entered into capital leases on vehicles with original lease terms of four to five years. At December 31, 2011, the carrying value and accumulated depreciation

of these assets was $2.5 million and $1.0 million, respectively. In addition, the Company has $0.8 million of capital leases primarily on telephony equipment from the FiberNet acquisition. As of December 31, 2011, the total net present value of the Company’s future minimum lease payments is $2.1 million. As of December 31, 2011, the principal portion of these capital lease obligations is due as follows: $0.6 million in 2012, $0.6 million in 2013, $0.4 million in 2014, $0.3 million in 2015 and $0.2 million thereafter.

Note 6. Supplementary Disclosures of Cash Flow Information

The following information is presented as supplementary disclosures for the consolidated statements of cash flows for the years ended December 31, 2011, 2010 and 2009:


(In thousands)	2011		2010		2009
Cash payments for:
Interest (net of amounts capitalized)	$	2,261	$	29	$	28
Income taxes		87		263		94
Supplemental investing and financing activities:
Additions to property and equipment included in accounts payable and other accrued liabilities		2,900		2,492		588
Borrowings under capital leases		990		498		328
Dividend paid through increase in borrowings from NTELOS Inc.		14,145		29,240		31,655
Dividend declared not paid	$	2,980	$	—	$	—

The amount of interest capitalized was less than $0.1 million in the year ended December 31, 2011 and was $0.1 million in each of the years ended December 31, 2010 and 2009.

The net assets acquired by Lumos Networks in the Business Separation were effectively settled with the $315 million cash payment from Lumos Networks to NTELOS on October 31, 2011 (Note 1). Of this payment, $177.1 million represented the payoff of intercompany debt owed to NTELOS which was generated from the pre-Business Separation centralized cash management system (Note 2) and the transfer of assets and liabilities between NTELOS and the subsidiaries of NTELOS that now comprise Lumos Networks.

Note 7. Financial Instruments

The Company is exposed to market risks with respect to certain of the financial instruments that it holds. Cash, accounts receivable, accounts payable and accrued liabilities are reflected in the consolidated financial statements at cost which approximates fair value because of the short-term maturity of these instruments. There is no market for the senior credit facility and the capital lease obligations so fair value is assumed to equal carrying value in the table below. The fair values of other financial instruments, if applicable, are based on quoted market prices or discounted cash flows based on current market conditions. The following is a summary by balance sheet category:

The following table indicates the difference between face amount, carrying amount and fair value of the Company’s financial instruments at December 31, 2011 and 2010.

Financial Instruments

(In thousands)

Face
Amount

Carrying
Amount

Fair
Value

December 31, 2011

Financial assets:

Cash

10,547

Long-term investments for which it is not practicable to estimate fair value

N/A

128

N/A

Financial liabilities for which it is not practicable to estimate fair value:

Senior credit facility

324,500

Capital lease obligations

2,076

December 31, 2010

Financial assets :

Cash

489

Financial liabilities for which it is not practicable to estimate fair value:

Capital lease obligations

2,105

Of the long-term investments for which it is not practicable to estimate fair value in the table above, $0.1 million as of December 31, 2011 represents the Company’s investment in CoBank. This investment is primarily related to patronage distributions of restricted equity and is a required investment related to the portion of the credit facility loan held by CoBank. This investment is carried under the cost method.

Under the terms of our Credit Facility, the Company was required to enter into an interest rate hedge for three years on 50% of the term loans outstanding (approximately $155 million at December 31, 2011) early in the first quarter of 2012. In February 2012, the Company entered into a 3% interest rate CAP through December 31, 2012 and a delayed interest rate swap agreement from December 31, 2012 through December 31, 2015 whereby the Company swaps three-month LIBOR with a fixed rate of approximately 0.8%.

Note 8. Stockholders’ Equity

On February 23, 2012, the Company’s board of directors declared a quarterly dividend on its common stock in the amount of $0.14 per share, which is to be paid on April 12, 2012 to stockholders of record on March 14, 2012.

Prior to the Business Separation, the Company did not have any common stock outstanding. As such, basic earnings per share for the year ended December 31, 2011 is computed on a pro forma basis by dividing net loss by the weighted average number of common shares outstanding during the two month post-Business Separation period beginning November 1, 2011 and ending December 31, 2011, as if such shares had been outstanding for the entire year. Diluted earnings per share is calculated in a similar manner, but includes the dilutive effect of actual stock options and restricted shares outstanding as of December 31, 2011. Since these securities are anti-dilutive, they are excluded from the calculation of earnings per share at December 31, 2011.

The computations of pro forma basic and diluted loss per share for the year ended December 31, 2011 is as follows (Unaudited):


(In thousands)	2011
Numerator:
Loss applicable to common shares for earnings-per-share computation	$	(43,930	)


Denominator:
Total shares outstanding		21,170
Less: unvested shares		(352	)
Less: effect of calculating weighted average shares		(3	)

Denominator for basic earnings per common share – weighted average shares outstanding		20,815
Plus: weighted average unvested shares		—
Plus: common stock equivalents of stock options exercised		—

Denominator for diluted earnings per common share – weighted average shares outstanding		20,815

For the year ended December 31, 2011, the denominator for diluted loss per common share is equal to the denominator for basic loss per common share because the addition of unvested shares or other common stock equivalents would be anti-dilutive (416 at December 31, 2011).

Note 9. Stock Plans

Upon the Business Separation on October 31, 2011, all outstanding NTELOS stock options and restricted stock awards for the Company’s employees and non-employee directors were replaced with 1,463,819 and 409,690 Company stock option and restricted stock awards, respectively, based on a formula designed to preserve the intrinsic value and fair value of the awards immediately prior to the Business Separation. The specific formula for the adjustment of the number of stock options and restricted stock and the strike price of the stock options was contained in the employee matters agreement that was executed on the date of separation. These awards had substantially the same terms and conditions as the NTELOS stock options and restricted stock awards that they replaced.

Under the guidance in ASC 718, a modification event occurs when there is a change in any of the terms or conditions of a share-based payment award, which includes the spin-off of a business entity. Accordingly, Lumos Networks’ spin-off from NTELOS qualified as a modification event which required Lumos Networks to determine incremental compensation expense, if any, resulting from the modification event. The computation of incremental compensation cost was determined by comparing the fair value of the NTELOS equity awards immediately before the Business Separation to the fair value of the replacement equity awards immediately after the Business Separation. Based on this computation, the Company determined that there was no incremental compensation expense to the Company related to the replacement of NTELOS equity-based compensation awards. Any unrecognized compensation expense related to the replaced awards will be recognized by the Company over the remaining vesting period of the awards.

The Company has an Equity and Cash Incentive Plan administered by the Compensation Committee of the Company’s board of directors, which permits the grant of long-term incentives to employees and non-employee directors, including stock options, stock appreciation rights, restricted stock awards, restricted stock units, incentive awards, other stock-based awards and dividend equivalents. The maximum number of shares of common stock available for awards under the Equity and Cash Incentive Plan is 4,000,000. As of December 31, 2011, 2,071,374 securities remained available for issuance under the Equity and Cash Incentive Plan, reflective of the equity awards from NTELOS that were replaced with Company awards on the date of the Business Separation, as described above, and post-Business Separation equity award activity. Upon the exercise of stock options or upon the grant of restricted stock under the Equity and Cash Incentive Plan, new common shares are issued.

Subsequent to the Business Separation through December 31, 2011, the Company issued 20,514 stock options under the Equity and Cash Incentive Plan. The options issued under the Employee Equity and Cash Incentive Plan generally vest one-fourth annually beginning one year after the grant date for employees and generally cliff vest on the first anniversary of the grant date for non-employee directors . No options expired during the period. Additionally, during the period subsequent to the Business Separation through December 31, 2011, the Company issued 7,425 shares of restricted stock under the Equity and Cash Incentive Plan. These restricted shares generally cliff vest on the third anniversary of the grant date for employees and generally cliff vest on the first anniversary of the grant date for non-employee directors. Dividend rights applicable to restricted stock are equivalent to the Company’s common stock.

Stock options must be granted under the Equity and Cash Incentive Plan at not less than 100% of fair value on the date of grant and have a maximum life of ten years from the date of grant. Options and other awards under the Equity and Cash Incentive Plan may be exercised in compliance with such requirements as determined by a committee of the board of directors. All options outstanding were issued at a strike price equal to or greater than the fair value on the date of grant.

The fair value of each option award is estimated on the grant date using the Black-Scholes option-pricing model and the assumptions noted in the following table. The risk-free rate is based on the zero-coupon U.S. Treasury rate in effect at the time of grant, with a term equal to the expected life of the options. For awards granted after the Business Separation, the Company used peer group and other publicly available market data to estimate volatility assumptions as the Company was not publicly traded until November 2011 and did not have an adequate trading history to estimate its actual volatility. The expected option life represents the period of time that the options granted are expected to be outstanding. The expected dividend yield is estimated based on the Company’s expected dividend yields at the date of the grant.


		November 1, 2011 through December 31, 2011
Risk-free interest rate		1.55%
Expected volatility		34.7%
Expected dividend yield		3.09% to 3.23%
Weighted-average expected dividend yield		3.10%
Expected term		7 years

The summary of the activity and status of the Company’s stock options for the year ended December 31, 2011, is as follows:


*(In thousands, except per share amounts)*	Shares			Weighted Average Exercise Price per Share		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
Stock options outstanding at January 1, 2011		—		$	—
Converted options issued by the Company on the October 31, 2011 Business Separation date		1,464			14.58
Granted subsequent to the Business Separation		21			15.48
Forfeited subsequent to the Business Separation		(137	)		14.67

Outstanding at December 31, 2011		1,348			14.58		7.8 years	$	1,022


Exercisable at December 31, 2011		556			14.56		6.7 years	$	432

Total expected to vest at December 31, 2011		715		$	14.60			$	531

The weighted-average grant date fair value per share of stock options granted subsequent to the Business Separation through December 31, 2011 was $3.95. No options were exercised subsequent to the Business Separation through December 31, 2011. The total fair value of options that vested subsequent to the Business Separation through December 31, 2011 was $0.1 million. As of December 31, 2011, there was $1.4 million of total unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a weighted-average period of 2.4 years.

The summary of the activity and status of the Company’s restricted stock for the year ended December 31, 2011, is as follows:


*(In thousands, except per share amounts)*	Shares			Weighted Average Grant Date Fair Value per Share
Restricted stock outstanding at January 1, 2011		—		$	—
Converted restricted stock issued by the Company on the October 31, 2011 Business Separation date		410			14.46
Granted subsequent to the Business Separation		7			15.20
Forfeited subsequent to the Business Separation		(65	)		14.54

Restricted stock outstanding at December 31, 2011		352		$	14.46

As of December 31, 2011, there was $2.4 million of total unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over a weighted-average period of 1.9 years. The fair value of the restricted stock is equal to the market value of common stock on the date of grant.

In addition to the Equity and Cash Incentive Plan discussed above, the Company has an employee stock purchase plan which commenced in November 2011 with 100,000 shares available. New common shares will be issued for purchases under this plan. Shares are priced at 85% of the closing price on the last trading day of the month and settle on the second business day of the following month. During the period November 1, 2011 through December 31, 2011, 719 shares were issued under the employee stock purchase plan. Compensation expense associated with the employee stock purchase plan was not material in the period November 1, 2011 through December 31, 2011.

Note 10. Income Taxes

Lumos Networks’ operations through the Business Separation date are included in the NTELOS consolidated federal and certain unitary or consolidated state income tax returns. During these periods, income taxes for the Company are calculated on a separate tax return basis. The components of income tax expense (benefit) are as follows for the years ended December 31, 2011, 2010 and 2009:


(In thousands)	2011			2010		2009
Current tax expense:
Federal	$	—		$	8,515	$	9,602
State		3,727			2,499		2,520

		3,727			11,014		12,122


Deferred tax expense (benefit):
Federal		(3,657	)		3,275		3,373
State		(4,453	)		188		273

		(8,110	)		3,463		3,646

	$	(4,383	)	$	14,477	$	15,768

Total income tax expense was different than an amount computed by applying the graduated statutory federal income tax rates to income before taxes. The reasons for the differences are as follows for the years ended December 31, 2011, 2010 and 2009:


(In thousands)	2011			2010			2009
Computed tax expense (benefit) at statutory federal rate of 35%	$	(16,891	)	$	12,397		$	13,708
Nondeductible goodwill impairment charge		11,703			—			—
Nondeductible compensation		637			378			238
Noncontrolling interests		18			(42	)		(14	)
State income taxes (benefits), net of federal income tax benefit (expense)		(472	)		1,746			1,816
Other		622			(2	)		20

	$	(4,383	)	$	14,477		$	15,768

The Company recognized a tax benefit of $1.8 million in accumulated other comprehensive income associated with the adjustments to various employee benefit plan liabilities for the post Business Separation period in 2011 in accordance with FASB ASC 715. Additionally, on the date of the Business Separation, in connection with the transfer of these underlying employee benefit plans, $9.0 million of the related NTELOS deferred tax benefit associated with the unrealized actuarial losses from these plans was transferred to the Company.

Net deferred income tax assets and liabilities consist of the following components as of December 31, 2011 and 2010:


(In thousands)	2011		2010
Deferred income tax assets:
Retirement benefits other than pension	$	5,349	$	2,963
Pension and related plans		9,022		1,457
Net operating loss		5,020		1,517
Debt issuance and discount		—		—
Accrued expenses		2,623		553
Other		2,523		1,375

		24,537		7,865


Deferred income tax liabilities:
Property and equipment		57,098		44,007
Intangibles		8,643		25,075

		65,741		69,082


Net deferred income tax liability	$	41,204	$	61,217

The Company has prior year unused net operating losses, including certain built-in losses (“NOLs”) totaling $5.6 million as of December 31, 2011. These NOLs are subject to an adjusted annual maximum limit (the “IRC 382 Limit”) of $0.3 million. Based on the IRC 382 Limit, the Company expects to use NOLs of approximately $3.9 million as follows: $0.7 million in 2012 and $0.3 million per year in 2013 through 2022. In addition, the Company expects to realize an NOL for the tax year 2011 as a result of the significant increase in bonus depreciation due to the passage of the “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.” The Company believes that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the deferred tax assets.

The Company recognizes interest related to unrecognized income tax benefits (“UTBs”) in interest expense and penalties on UTBs in income tax expense. A reconciliation of the change in the UTB balance for the years ended December 31, 2011 and 2010 is as follows:


(In thousands)	2011			2010

Balance at beginning of the year	$	500		$	136
Additions for tax positions related to the current year		—			235
Increases (reductions) for tax positions related to prior years		(16	)		129

	$	484		$	500

While the Company believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be greater than its accrued position. Accordingly, additional provisions could be recorded in the future as revised estimates are made or the underlying matters are settled or otherwise resolved. In general, the tax years that remain open and subject to federal and state audit examinations are 2009-2011 and 2008-2011, respectively.

Note 11. Pension Plans and Other Postretirement Benefits

Prior to the Business Separation, a substantial number of the Company’s employees were covered by several qualified and nonqualified pension plans and other postretirement benefit plans (“OPEBs”) sponsored by NTELOS Inc. Accordingly, the Company was allocated net periodic benefit costs relating to individuals that could be identified as directly supporting the Company. Concurrent with the Business Separation, the Company established its own qualified and nonqualified pension plans and OPEBs for its employees. The Company initially measured the plan as of October 31, 2011 based on actual plan assets transferred to the Company effective upon the Business Separation and the actual plan participants and their respective accrued benefits. In addition to the transfer of the assets and obligations from these plans, the related unrealized actuarial losses from these plans as determined on the October 31, 2011 measurement date was transferred from NTELOS.

The Company’s total expense recognized for all qualified and nonqualified pension and OPEBs plans discussed below, including those expenses allocated to it prior to the Business Separation, were $2.8 million, $2.4 million and $3.5 million in 2011, 2010 and 2009, respectively.

The following tables provide a reconciliation of the changes in the qualified plans’ benefit obligations and fair value of assets and a statement of the funded status as of December 31, 2011 and the classification of amounts recognized in the consolidated balance sheets:


	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
(In thousands)	December 31, 2011
Change in benefit obligations:
Benefit obligations, October 31, 2011	$	60,181		$	12,157
Service cost		312			12
Interest cost		451			91
Actuarial loss		3,528			318
Benefits paid, net		(411	)		(67	)


Benefit obligations, end of period		64,061			12,511


Change in plan assets:
Fair value of plan assets, October 31, 2011	$	45,531			—
Actual return on plan assets		(11	)		—
Employer contributions		—			67
Benefits paid		(411	)		(67	)


Fair value of plan assets, end of period	$	45,109			—

Funded status:
Total liability, end of period	$	18,952		$	12,511

The accumulated benefit obligation for the defined benefit pension plan at December 31, 2011 and October 31, 2011 was $56.5 million and $53.3 million, respectively. The accumulated benefit obligation represents the present value of pension benefits based on service and salary earned to date. The benefit obligation indicated in the table above is the projected benefit obligation which represents the present value of pension benefits taking into account projected future service and salary increases. The Company has classified the projected amount to be paid in 2012 of $1.0 million related to the other postretirement benefit plans and the nonqualified pension plans (discussed below) in current liabilities under the caption “other accrued liabilities” on the Company’s consolidated balance sheets at December 31, 2011.

The following table provides the components of net periodic benefit cost for the plans for the period November 1, 2011 to December 31, 2011:


(In thousands)	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
Components of net periodic benefit cost:
Service cost	$	312		$	12
Interest cost		452			91
Expected return on plan assets		(572	)		—
Amortization of actuarial loss		197			—


Net periodic benefit cost	$	389		$	103

Prior service costs are amortized on a straight-line basis over the average remaining service period of active participants. Gains and losses in excess of 10% of the greater of the benefit obligation and the market-related value of assets are amortized over the average remaining service period of active participants.

Unrecognized actuarial losses for the period November 1, 2011 through December 31, 2011 were $4.1 million and $0.3 million for the defined benefit pension plan and the other postretirement benefit plans, respectively. The total amount of unrecognized actuarial losses recorded in accumulated other comprehensive income at December 31, 2011 related to these respective plans was $14.4 million, net of a $9.2 million deferred tax asset, and $0.8 million, net of a $0.5 million deferred tax asset.

The assumptions used in the measurements of the Company’s benefit obligations at December 31, 2011 and October 31, 2011 are shown in the following table:


	Defined Benefit Pension Plan						Other Postretirement Benefit Plans
	December 31, 2011			October 31, 2011			December 31, 2011			October 31, 2011
Discount rate		4.30	%		4.60	%		4.30	%		4.60	%
Rate of compensation increase		3.00	%		3.00	%		N/A			N/A

The assumptions used in the measurements of the Company’s net cost for the consolidated statement of operations for the period November 1, 2011 through December 31, 2011 are:


	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
Discount rate		4.60	%		4.60	%
Expected return on plan assets		7.75	%		N/A
Rate of compensation increase		3.00	%		N/A

The Company reviews the assumptions noted in the above table annually or more frequently to reflect anticipated future changes in the underlying economic factors used to determine these assumptions. The discount rates assumed reflect the rate at which the Company could invest in high quality corporate bonds in order to settle future obligations. In doing so, the Company utilizes a Citigroup Pension Discount Curve applied against the Company’s estimated defined benefit payments to derive a blended rate. The Citigroup Pension Discount Curve is derived from over 350 Aa corporate bonds. The Company also compares this to a Moody’s ten year Aa bond index for reasonableness.

For measurement purposes, an 7.5% annual rate of increase in the per capita cost of covered health care benefits was assumed for 2012 for the obligation as of December 31, 2011. The rate was assumed to decrease one-half percent per year to a rate of 5.0% for 2017 and remain at that level thereafter.

Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plans. The effect of a 1% change on the medical trend rate per future year, while holding all other assumptions constant, to the service and interest cost components of net periodic postretirement health care benefit costs and accumulated postretirement benefit obligation would be a $0.1 million increase and a $1.8 million increase, respectively, for a 1% increase in medical trend rate and a $0.1 million decrease and a $1.4 million decrease, respectively, for a 1% decrease in medical trend rate.

In developing the expected long-term rate of return assumption for the assets of the Defined Benefit Pension Plan, the Company evaluated input from its third party pension plan asset managers, including their review of asset class return expectations and long-term inflation assumptions. The Company also considered the related historical ten-year average asset return at December 31, 2011 as well as considering input from the Company’s third party pension plan asset managers.

The weighted average actual asset allocations by asset category as of December 31, 2011 and the fair value by asset category as of December 31, 2011 and 2010 were as follows:


	As of December 31, 2011
Asset Category (dollars in thousands)	Actual Allocation			Fair Value
Large Cap Value		34	%	$	15,088
Large Cap Blend		17	%		7,536
Mid Cap Blend		6	%		2,846
Small Cap Blend		4	%		1,896
Foreign Stock – Large Cap		7	%		3,040
Bond		29	%		13,281
Cash and cash equivalents		3	%		1,422

Total		100	%	$	45,109

The actual and target allocation for plan assets is broadly defined and measured as follows:


Asset Category	Actual Allocation			Target Allocation
Equity securities		67	%		70	%
Bond securities and cash equivalents		33	%		30	%

Total		100	%		100	%

It is the Company’s policy to invest pension plan assets in a diversified portfolio consisting of an array of asset classes. The investment risk of the assets is limited by appropriate diversification both within and between asset classes. The assets are primarily invested in investment funds that invest in a broad mix of publicly traded equities, bonds and cash equivalents (and fair value is based on quoted market prices (“level 1” input)). The allocation between equity and bonds is reset quarterly to the target allocations. Updates to the allocation are considered in the normal course and changes may be made when appropriate. The bond holdings consist of three bond funds split relatively evenly between these funds at December 31, 2011. At December 31, 2011, the Company believes that there are no material concentrations of risk within the portfolio of plan assets.

The assumed long term return noted above is the target long term return. Overall return, risk adjusted return, and management fees are assessed against a peer group and benchmark indices. Reporting on asset performance is provided quarterly and review meetings are held semi-annually. In addition to normal rebalancing to maintain an adequate cash reserve, projected cash flow needs of the plan are reviewed at least annually to ensure liquidity is properly managed.

The Company expects to contribute $2.0 million to the pension plan in the first quarter of 2012. The Company expects the net periodic benefit cost for the defined benefit pension plan and the other postretirement benefit plans in 2012 to be $2.7 million (which includes $1.5 million of loss in other comprehensive income expected to be recognized as a component of net period benefit cost) and $0.6 million, respectively.

The following estimated future pension benefit payments and other postretirement benefit plan payments which reflect expected future service, as appropriate, are expected to be paid in the years indicated:


(In thousands) Year	Defined Benefit Pension Plan		Other Postretirement Benefit Plans
2012	$	2,611	$	603
2013		2,619		585
2014		2,640		584
2015		2,745		581
2016		2,963		611
2017-2021	$	16,879	$	3,332

Other Benefit Plans

In connection with the Business Separation, NTELOS transferred benefit obligations of $2.5 million related to the Company’s employees or former employees into a new supplemental executive retirement plan. In addition, the transfer of the benefit obligation triggered the transfer of a gross unrealized loss of $1.0 million. The projected benefit obligation and the accumulated benefit obligation associated with this plan at December 31, 2011 were $4.3

million and $2.5 million, respectively. The Company recognized $0.2 million of expense from previously unrecognized loss related to the supplemental executive retirement plan during the period November 1, 2011 through December 31, 2011. The total balance of unrecognized actuarial losses recorded in accumulated other comprehensive income at December 31, 2011 related to this plan was $1.6 million, net of a $1.0 million deferred tax asset. The estimated future benefit payments, which reflect expected future service, as appropriate, are expected to be $0.1 million annually for each of the years 2012 through 2016 and $1.6 million in aggregate for the years 2017 through 2021.

The Company also has certain other nonqualified defined benefit pension plans assumed from a prior merger. The projected benefit obligation related to these plans at December 31, 2011 was $0.9 million, with expected future payments of $0.4 million in 2012 and 2013 and $0.1 million or less thereafter. These nonqualified plans have no plan assets and are also closed to new participants.

The Company also sponsors a defined contribution 401(k) plan. The Company’s matching contributions to this plan were $0.7 million, $0.5 million and $0.5 million for the year ended December 31, 2011, 2010 and 2009, respectively. Effective June 1, 2009, the Company began funding its 401(k) matching contributions in shares of the Company’s common stock (NTELOS common stock prior to the Business Separation).

Note 12. Commitments and Contingencies

Operating Leases

Rental expense for all operating leases for the years ended December 31, 2011, 2010 and 2009 was $3.8 million, $2.2 million and $1.7 million, respectively. The total amount committed under these lease agreements at December 31, 2011 is: $1.9 million in 2012, $1.6 million in 2013, $1.4 million in 2014, $1.5 million in 2015, $1.4 million in 2016 and $5.5 million for the years thereafter.

Other Commitments and Contingencies

The Company periodically makes claims or receives disputes and is involved in legal actions related to billings to other carriers for access to the Company’s network. The Company does not recognize revenue related to such matters until the period that it is reliably assured of the collection of these claims. In the event that a claim is made related to revenues previously recognized, the Company assesses the validity of the claim and adjusts the amount of revenue being recognized to the extent that the claim adjustment is considered probable and estimable. The Company has had lawsuits filed against it totaling $4.5 million for which a loss is “reasonably possible” under applicable accounting standards. The outcome of such matters is difficult to determine and the Company intends to vigorously contest and defend its positions; as such, the Company has no accrual established related to these lawsuits. In addition, the Company has received access disputes from a carrier totaling $8.2 million for which the Company has reserved $4.7 million, representing the Company’s best estimate of the outcome of these disputes. The Company does not expect that the ultimate disposition of these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

The Company periodically disputes network access charges that are assessed by other companies with which the Company interconnects and is involved in other disputes and legal and tax proceedings and filings arising from normal business activities. The Company has disputed access charges with an RLEC totaling $6.3 million for which the Company has no reserve. While the outcome of this and other such matters is currently not determinable, management does not expect that the ultimate costs to resolve these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows, and believes that adequate provision for any probable and estimable losses has been made in the Company’s consolidated financial statements.

The Company has other purchase commitments relating to capital expenditures totaling $2.9 million as of December 31, 2011, which are expected to be satisfied during 2012.

In connection with the Business Separation, the Company entered into a series of agreements with NTELOS which are intended to govern the relationship between the Company and NTELOS going forward. These agreements include commercial service agreements, a separation and distribution agreement, an employee matters agreement, a tax matters agreement and intellectual property agreements and within such agreements, the companies are required to indemnify each other regarding certain matters (Note 2).

Note 13. Related Party Transactions

Prior to the Business Separation, NTELOS Inc. provided a variety of administrative services to Lumos Networks. Costs of these services were allocated or charged to the Company based on either the actual costs incurred or NTELOS Inc.’s estimate of expenses relative to the services provided to other subsidiaries of NTELOS Inc. The Company believes that these allocations were made on a reasonable basis, and that receiving these services from NTELOS Inc. created cost efficiencies. Lumos Networks management believes that all historical costs of operations have been reflected in the consolidated statements of operations for each period presented, but these costs do not reflect the amount of actual costs the Company would have incurred had it been an independent, publicly traded company prior to October 31, 2011. These services and transactions included the following:

•

Cash management and other treasury services;

•

Administrative services such as legal, regulatory, tax, employee benefit administration, internal audit, purchasing, accounting, information technology and human resources;

•

Network monitoring;

•

Executive oversight;

•

Equity-based compensation plan administration; and

•

Insurance coverage.

Banking and Treasury Functions

Prior to the Business Separation, NTELOS Inc. provided cash management and treasury services to the Company. This arrangement provided efficient avenues for liquidity in a structure that minimized or eliminated currency risk to the Company. Interest was charged by both parties based on NTELOS Inc.’s long term debt weighted average borrowing rate excluding the effect of debt issuance cost and original issue discount amortization and was reflected in interest expense on the consolidated statements of operations for the Company. The amount of interest expense related to this arrangement for the period January 1, 2011 through October 31, 2011 and for the years ended December 31, 2010 and 2009 was $9.5 million, $4.9 million and $1.4 million, respectively.

Allocation of General and Administrative Corporate Expenses

Expenses relating to services provided to the Company by NTELOS Inc. prior to the Business Separation have been allocated to the Company and are reflected in the consolidated financial statements. These services include treasury, accounting, tax, legal, internal audit, human resources, general management, insurance, risk management and other functions such as board of directors and other centrally managed employee benefit arrangements that benefitted the Company’s business. The allocations of costs were estimated based on NTELOS Inc.’s employees’ percentage of time spent on Lumos Networks matters. The costs that NTELOS Inc. allocated include overhead and other indirect costs. The Company has recorded allocated costs of $7.3 million, $8.0 million and $7.7 million on its consolidated statements of operations for the period January 1, 2011 through October 31, 2011 and for the year ended December 31, 2010 and 2009, respectively, inclusive of certain corporate expenses which were not previously allocated to the segments (Note 2). Additionally, $2.8 million of FiberNet acquisition related costs were allocated to the Company in 2010.

Equity-Based Compensation Plan Administration

Prior to the Business Separation, Lumos Networks employees participated in the NTELOS Inc. equity incentive plans. NTELOS Inc. has two equity incentive plans administered by the Compensation Committee of NTELOS Holdings Corp’s board of directors, which permit the grant of long-term incentives to employees, including stock options, stock appreciation rights, restricted stock awards, restricted stock units, incentive awards, other stock-based awards and dividend equivalents.

Total equity-based compensation expense related to all of the share-based awards granted to employees of Lumos Networks and allocated from NTELOS Inc. and NTELOS Inc.’s 401(k) matching contributions for employees of Lumos Networks totaled $2.4 million, $1.5 million and $0.8 million for the years ended December 31, 2011, 2010 and 2009, respectively.

Item 9.

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

None.

Item 9A.

Controls and Procedures.

Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of the end of the period covered by this report. Based on this evaluation, our principal executive officer and our principal financial officer concluded that, as of the end of the period covered by this report, our disclosure controls and procedures are effective to ensure that the information required to be disclosed by us in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and our principal financial officer, as appropriate, to allow timely decisions regarding required disclosures.

Management’s Annual Report on Internal Control over Financial Reporting

This annual report does not include a report of management’s assessment regarding internal control over financial reporting or an attestation report of our registered public accounting firm due to a transition period established by rules of the Securities and Exchange Commission for newly public companies.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting (as such term is defined in Exchange Act Rule 13a-15(f)) that occurred during the three months ended December 31, 2011 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Item 9B.

Other Information.

None.

PART III

Item 10.

Directors, Executive Officers and Corporate Governance.

The information required by this item is incorporated herein by reference from the registrant’s definitive Proxy Statement for the Annual Meeting of Stockholders to be held on May 17, 2012 to be filed with the Commission pursuant to Regulation 14A.

We have adopted a Code of Business Conduct and Ethics pursuant to section 406 of the Sarbanes-Oxley Act. A copy of our Code of Business Conduct and Ethics is publicly available on our Company website at http://ir.lumosnetworks.com/govdocs.aspx?iid=4293608. The information contained on our website is not incorporated by reference into this Report on Form 10-K.

Item 11.

Executive Compensation.

The information required by this item is incorporated herein by reference from the registrant’s definitive Proxy Statement for the Annual Meeting of Stockholders.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

Securities Authorized for Issuance under Equity Compensation Plans

The following table sets forth information as of December 31, 2011 concerning the shares of common stock which are authorized for issuance under our equity compensation plans.


Plan Category	Number of Securities to be Issued on Exercise of Outstanding Options, Warrants and Rights (a)		Weighted Average Exercise Price of Outstanding Options, Warrants and Rights (b)		Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) (c)
Equity Compensation Plans Approved by Stockholders 2011 Equity and Cash Incentive Plan		1,348,270	$	14.58		2,071,374
Employee Stock Purchase Plan		—		—		99,281
Equity Compensation Plans Not Approved by Stockholders		—		—		—

Total		1,348,270	$	14.58		2,170,655

All other information required by this item is incorporated herein by reference from the registrant’s definitive Proxy Statement for the Annual Meeting of Stockholders.

Item 13.

Certain Relationships and Related Transactions, and Director Independence.

The information required by this item is incorporated herein by reference from the registrant’s definitive Proxy Statement for the Annual Meeting of Stockholders.

Item 14.

Principal Accountant Fees and Services.

The information required by this item is incorporated herein by reference from the registrant’s definitive Proxy Statement for the Annual Meeting of Stockholders.

PART IV

Item 15.

Exhibits, Financial Statement Schedules.

(a)	The following documents are filed as a part of this Annual Report on Form 10-K:

(1)	Consolidated Financial Statements

The consolidated financial statements required to be filed in the Annual Report on Form 10-K are listed in Item 8 hereof.

(3)	Exhibits

The exhibits listed below and on the accompanying Index to Exhibits immediately following the signature page hereto are filed as part of, or incorporated by reference into, this Report on Form 10-K.

EXHIBIT INDEX


Exhibit No.		Description

2.1⁽¹⁾		Separation and Distribution Agreement, dated as of October 31, 2011, by and between NTELOS Holdings Corp. and Lumos Networks Corp.

3.1⁽¹⁾		Amended and Restated Certificate of Incorporation of Lumos Networks Corp.

3.2⁽¹⁾		Amended and Restated Bylaws of Lumos Networks Corp.

4.1⁽²⁾		Form of Common Stock Certificate of Lumos Networks Corp.

4.2⁽³⁾		Shareholders Agreement, dated as of October 31, 2011, by and between Lumos Networks Corp. and the shareholders listed on the signature pages thereto

10.1⁽³⁾		Transition Services Agreement, dated as of October 31, 2011, by and between NTELOS Holdings Corp. and Lumos Networks Operating Company

10.2⁽¹⁾		Employee Matters Agreement, dated as of October 31, 2011, by and between NTELOS Holdings Corp. and Lumos Networks Operating Company

10.3⁽¹⁾		Tax Matters Agreement, dated as of October 31, 2011, by and between NTELOS Holdings Corp. and Lumos Networks Operating Company

10.4⁽¹⁾		Trademark and Domain Name Assignment and License Agreement, dated as of October 31, 2011, by and among NTELOS Holdings Corp. and all of its controlled affiliates and Lumos Networks Corp. and other parties set forth in the agreement

10.5⁽³⁾		Software and Proprietary Information Agreement, dated as of October 31, 2011, between NTELOS Holdings Corp. and Lumos Networks Corp.

10.6⁽⁴⁾		Employment Agreement, dated December 7, 2010, between NTELOS Holdings Corp. and Mary McDermott

10.7⁽⁴⁾		Employment Agreement, dated December 7, 2010, between NTELOS Holdings Corp. and James A. Hyde relating to Lumos Networks Corp.

10.8⁽⁴⁾		Employment Agreement, dated July 29, 2011, between Lumos Networks Corp. (f/k/a NTELOS Wireline One Inc.) and Michael B. Moneymaker

10.9⁽¹⁾		Lumos Networks Corp. 2011 Equity and Cash Incentive Plan

10.10⁽¹⁾		Lumos Networks Corp. 2011 Employee Stock Purchase Plan

10.11⁽³⁾		Credit Agreement, dated as of September 8, 2011, among Lumos Networks Operating Company, certain subsidiaries of the Borrower (as defined in the Credit Agreement) party thereto and the Lenders (as defined in the Credit Agreement) party thereto

10.12⁽⁴⁾		Employment Agreement, dated September 19, 2011, between Harold L. Covert and Lumos Networks Operating Company and Lumos Networks Corp.

10.13*		Employment Agreement, dated November 1, 2011, between David J. Keller and Lumos Networks Operating Company and Lumos Networks Corp.

10.14*		Form of Stock Option Award

10.15*		Form of Restricted Stock Award – Non Officer

10.16*		Form of Restricted Stock Award – Officer

10.17*		Stock Option Award for James A. Hyde

10.18*		Restricted Stock Award for James A. Hyde

21.1*		Subsidiaries of Lumos Networks Corp.

23.1*		Consent of KPMG LLP

31.1*		Certificate of James A. Hyde, Chief Executive Officer pursuant to Rule 13a-14(a)

31.2*		Certificate of Harold L. Covert, Executive Vice President and Chief Financial Officer pursuant to Rule 13a-14(a)

32.1*		Certificate of James A. Hyde, Chief Executive Officer pursuant to 18 U.S.C., Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2*		Certificate of Harold L. Covert, Executive Vice President and Chief Financial Officer pursuant to 18 U.S.C., Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS*		XBRL Instance Document.

101.SCH*		XBRL Taxonomy Extension Schema Document.

101.CAL*		XBRL Taxonomy Extension Calculation Linkbase Document.

101.DEF*		XBRL Taxonomy Extension Definition Linkbase Document.

101.LAB*		XBRL Taxonomy Extension Label Linkbase Document.

101.PRE*		XBRL Taxonomy Extension Presentation Linkbase Document.

*	Filed herewith.

(1)	Filed as an exhibit to Current Report on Form 8-K filed November 4, 2011.

(2)	Filed as an exhibit to Amended Registration of Securities on Form 10-12B/A filed September 8, 2011.

(3)	Filed as an exhibit to Amended Registration of Securities on Form 10-12B/A filed August 9, 2011.

(4)	Filed as an exhibit to Amended Registration of Securities on Form 10-12B/A filed October 17, 2011.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report on Annual Report on Form 10-K to be signed on its behalf by the undersigned thereunto duly authorized.


Lumos Networks Corp.

	By:	/s/ James A. Hyde


		Name:		James A. Hyde
		Title:		Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report on Annual Report on Form 10-K has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:


Signature	Title	Date

/s/ James A. Hyde	Chief Executive Officer, Director	March 23, 2012
James A. Hyde	(principal executive officer)

/s/ Michael B. Moneymaker	President, Director	March 23, 2012
Michael B. Moneymaker

/s/ Harold L. Covert	Executive Vice President, Chief Financial Officer and	March 23, 2012
Harold L. Covert	Treasurer (principal financial officer)

/s/ Kenneth R. Boward	Senior Vice President and Chief Accounting Officer	March 23, 2012
Kenneth R. Boward	(principal accounting officer)

/s/ Steven G. Felsher	Director	March 23, 2012
Steven G. Felsher

/s/ Robert E. Guth	Director	March 23, 2012
Robert E. Guth

/s/ Michael Huber	Director	March 23, 2012
Michael Huber

/s/ Julia B. North	Director	March 23, 2012
Julia B. North

/s/ Michael K. Robinson	Director	March 23, 2012
Michael K. Robinson

/s/ Jerry E. Vaughn	Director	March 23, 2012
Jerry E. Vaughn

EX-10.13 2 d283580dex1013.htm EMPLOYMENT AGREEMENT Employment Agreement

Exhibit 10.13

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the “Agreement”), dated as of November 1, 2011 (the “Effective Time”) between David J. Keller (the “Executive”) and Lumos Networks Operating Company, a Delaware corporation, and Lumos Networks Corp., a Delaware corporation (“Holdings”) (and collectively with Lumos Networks Operating Company, the “Company”), recites and provides as follows:

WHEREAS, the Company considers it essential to the best interests of its shareholders to foster the continuing employment of its key management personnel;

WHEREAS, the Board of Directors of the Company (the “Board”) expects that the Executive will make substantial contributions to the growth and prospects of the Company; and

WHEREAS, the Executive will serve the Company in reliance upon the undertakings of the Company contained herein.

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants herein, the receipt and sufficiency of which are hereby acknowledged by each of the parties, the Company and the Executive agree as follows:

1. Employment.

(a) Position. On the terms and subject to the conditions set forth herein, the Company agrees to employ the Executive as Senior Vice President throughout the Employment Term (as defined below). At the request of the Board and without additional compensation, the Executive shall also serve as an officer and/or director of any or all of the subsidiaries of the Company.

(b) Duties and Responsibilities. The Executive shall have such duties and responsibilities that are consistent with the Executive’s position as the Board determines and shall perform such duties and carry out such responsibilities to the best of the Executive’s ability for the purpose of advancing the business of the Company and its subsidiaries. Subject to the provisions of Section 1(c) below, during the Employment Term the Executive shall devote the Executive’s full business time, skill and attention to the business of the Company and its subsidiaries, and, except as specifically approved by the Board, shall not engage in any other business activity or have any other business affiliation.

(c) Other Activities. Anything in this Agreement to the contrary notwithstanding, as part of the Executive’s business efforts and duties on behalf of the Company, the Executive may participate fully in social, charitable and civic activities, and, if specifically approved by the Board, the Executive may serve on the boards of directors of other companies, provided that such activities do not unreasonably interfere with the performance of and do not involve a conflict of interest with the Executive’s duties or responsibilities hereunder.

2. Employment Term. The “Employment Term” hereunder shall continue in full force and effect until December 31, 2012 unless terminated earlier pursuant to the terms and

conditions of this Agreement. Thereafter, the Employment Term will renew hereunder automatically for successive one-year periods unless either party gives written notice to the other not less than six (6) months prior to the end of Employment Term hereof (or any subsequent anniversary, as the case may be) that such party does not wish the Employment Term to be so extended, and under such circumstances, the Employment Term and this Agreement will terminate by its terms, and without liability to either party, on December 31, 2012 (or such subsequent anniversary, as the case may be). Notwithstanding the foregoing, upon the occurrence of a “Change in Control” (as such term is defined in Section 4(e)(iv)), the Employment Term shall be automatically extended so that the Employment Term shall continue in full force and effect until the date which is twenty-four (24) months from the date of a Change in Control and thereafter will renew automatically as of such date and successive one-year periods thereafter, unless prior notice is given, as provided above.

3. Compensation. During the Employment Term, the Company will pay and/or otherwise provide the Executive with compensation and related benefits as follows:

(a) Base Salary. The Company agrees to pay the Executive, for services rendered hereunder, a base salary at the annual rate of $175,898 (the “Base Salary”). The Executive’s Base Salary will be reviewed annually throughout the Employment Term by the Compensation Committee of the Board. Notwithstanding anything in this Agreement to the contrary, the Company may reduce the Executive’s Base Salary by up to ten percent (10%) during the Employment Term, but only as part of a salary reduction program pursuant to which the Base Salaries of the Chief Executive Officer, all Executive Vice Presidents and all Senior Vice Presidents who have been designated as ‘Executive Officers’ by the Board are reduced by the same percentage at the same time and for the same period of time. The Base Salary shall be payable in equal periodic installments, not less frequently than monthly, less any sums which may be required to be deducted or withheld under applicable provisions of law. The Base Salary for any partial year shall be prorated based upon the number of days elapsed in such year.

(b) Stock-Based Incentive Compensation. The Executive shall be eligible to participate in the Company’s stock-based incentive compensation plan pursuant to its terms (“Stock-Based Incentive Payment”).

(c) Term Incentive Plan and Commission Payments. The Executive shall be eligible to participate in the Company’s team incentive plan with an annual incentive target established by the Board (“Incentive Payment”), subject to achievement of such program’s objectives and final approval of the Board. Notwithstanding the foregoing or the terms of the team incentive plan, the full Incentive Payment the Executive is eligible to receive under the team incentive plan based on objective performance factors must be paid and cannot be reduced or eliminated as a result of individual performance factors other than as a result of a good faith determination by the Board. The Executive shall be eligible to receive commission payments at an annual incentive target established by the Board (“Commission Payments”), subject to achievement of objectives. Notwithstanding the foregoing, the combined target Incentive Payment and target Commission Payments shall equal seventy percent (70%) of the Executive’s Base Salary. The Incentive Payment and/or Commission Payments, if any, and shall be payable on or before the March 15 immediately following the end of the year in which the Incentive Payment and/or Commission Payment vests and is no longer subject to a substantial risk of forfeiture within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

(d) Benefits. During the Employment Term (and thereafter to the extent expressly provided herein), the Executive shall be entitled to participate in all of the Company’s employee benefit plans applicable to the Company’s comparable senior executives according to the terms of those plans. In addition to the foregoing compensation, the Company agrees that during the Employment Term it shall provide to the Executive a monthly automobile allowance pursuant to Company policy payable in equal periodic installments, not less frequently than monthly, less any sums which may be required to be deducted or withheld under applicable provisions of law.

(e) Vacation. The Executive shall be entitled to a minimum of four (4) weeks of vacation annually, during which time the Executive shall receive compensation in accordance with the terms of this Agreement.

(f) Term Life Insurance. During the Employment Term, and in addition to any other benefits to which Executive shall be entitled, the Company agrees to pay the premiums on a term life insurance contract covering the Executive that pays a death benefit of at least $304,000. The Company in its discretion shall select the term life insurance contract on which it will pay the premiums; but the Executive shall be the owner of such contract and will be or will designate the beneficiary of such contract. The Company (i) will include and report such premium payments in the Executive’s taxable income to the extent required under applicable law and (ii) also will pay to the Executive an additional payment in an amount such that after payment by the Executive of all taxes imposed on the additional payment, the Executive retains an amount of the additional payment equal to the taxes imposed upon the Executive with respect to the Company’s payment of the premiums on the term life insurance contract. The amount of the additional payment shall be determined based on the Executive’s likely effective rates of federal, state and local income taxation for the calendar year in which the additional payment is to be made, net of the likely reduction in federal income taxes that is obtained from any deduction of state and local taxes. Such premium payments and additional payments for taxes shall be paid on or before the March 15 immediately following the end of the year in which the premiums on such term life insurance contract accrued (provided the Executive was employed at such time). Executive agrees, for purposes of calculating the amount of the additional payment, to provide the Company such information as the Company may reasonably request to determine the amount of the additional payment and to cooperate with the Company in good faith in order to effectively make such determination. The Company shall hold all such information secret and confidential and shall not, without the prior written consent of the Executive or as otherwise may be required by law or legal process, communicate or divulge such information to anyone other than the Company and those in need of such information for purposes of determining the amount of the additional payment. Notwithstanding any other provision of this Agreement, in the event the term life insurance contract described herein extends beyond the termination of Executive’s employment with the Company, the Executive, and not the Company, shall be obligated to pay the premiums on such term life insurance contract accruing after the Executive’s termination of employment with the Company. Notwithstanding any other provision of this Agreement, if the Company’s preferred insurance providers, for whatever reason, are unwilling to insure the Executive on commercially reasonable terms, the Company will pay to the Executive an annual

amount equal to the average life insurance premium paid to insure other Executives on a prorated cost per thousand basis (grossed up as described above) in lieu of the term life insurance described in this paragraph. Such annual amount (prorated if the Executive is not employed for the full year) shall be paid on or before the March 15 immediately following the end of the year in which such term life insurance contract otherwise would have been provided.

4. Termination of Employment.

(a) By the Company For Cause. The Company may terminate the Executive’s employment under this Agreement at any time for Cause (as defined in Section 4(e)) and shall provide written notice of termination to the Executive (which notice shall specify in reasonable detail the basis upon which such termination is made). Notwithstanding the foregoing, in no event, shall any termination of employment be deemed for Cause unless the Executive’s employment is terminated within one hundred eighty (180) days of when the Company learns of the act or conduct that constitutes Cause and the Board of Directors concludes that the situation warrants a determination that the Executive’s employment terminated for Cause. In the event the Executive’s employment is terminated for Cause, all provisions of this Agreement (other than Sections 5 through 15 hereof) and the Employment Term shall be terminated; provided, however, that such termination shall not divest the Executive of any previously vested benefit or right unless the terms of such vested benefit or right specifically require such divestiture where the Executive’s employment is terminated for Cause. In addition, the Executive shall be entitled to payment of the Executive’s earned and unpaid Base Salary to the date of termination payable as described above. The Executive also shall be entitled to unreimbursed business and entertainment expenses in accordance with, and payable at the same time set forth in, the Company’s policy (but no later than thirty (30) days after the date of termination), and unreimbursed medical, dental and other employee benefit expenses payable in accordance with the Company’s applicable employee benefit plans (the payments and benefits described in this subsection (a) herein after referred to as the “Standard Termination Payments”).

(b) Upon Death or Disability. If the Executive dies, all provisions of Section 3 of this Agreement (other than rights or benefits arising as a result of such death) and the Employment Term shall be automatically terminated; provided, however, that an amount equal to the earned and unpaid Incentive Payments to the date of death and the Standard Termination Payments shall be paid, as described above, to the Executive’s surviving spouse or, if none, the Executive’s estate (as set forth above), and the death benefits under the Company’s employee benefit plans shall be paid to the Executive’s beneficiary or beneficiaries as properly designated in writing by the Executive, in accordance with the Company’s applicable employee benefit plans. If the Executive is unable to perform the essential functions of the Executive’s job under this Agreement, with or without reasonable accommodation, by reason of physical or mental disability or incapacity (“Disability”) and such disability or incapacity shall have continued for any period aggregating six (6) months within any twelve (12) consecutive months, the Company may terminate the Executive’s employment, this Agreement and the Employment Term at any time thereafter. In such event, the Executive shall be entitled to receive the Executive’s normal compensation hereunder during said time of disability or incapacity, and shall thereafter be entitled to receive the “Disability Incentive Payment” (as described in the penultimate sentence of this subsection (b)), payable no later than two and a half (2 ¹/2) months after the Company terminates the Executive’s employment, and the earned and unpaid Incentive

Payments to the date of termination of the Executive’s employment and the Standard Termination Payments, payable as described above. The portion of the payment representing the Disability Incentive Payment shall be paid in a lump sum determined on a net present value basis, using a reasonable discount rate determined by the Board. The Disability Incentive Payment shall be equal to the target Incentive Payment that the Executive would have been eligible to receive for the year in which the Employment Term is terminated multiplied by a fraction, the numerator of which is the number of days in such year before and including the day of termination of the Employment Term and the denominator of which is the total number of days in such year.

(i) The Company may terminate the Executive’s employment under this Agreement at any time without Cause (for purposes of clarity, it is acknowledged that expiration of the Employment Term (including notice of non-renewal) shall not be considered a termination without Cause), and other than by reason of the Executive’s death or disability. The Company shall provide written notice of termination to the Executive, which notice shall specify the effective date of such termination and that the termination is without Cause (the “Termination Date”). If the Termination Date is later than the date of the notice, then from the date of the notice through the Termination Date, the Executive shall continue to perform the normal duties of the Executive’s employment hereunder, and shall be entitled to receive when due all compensation and benefits applicable to the Executive hereunder, payable as described above. Thereafter, conditioned upon the Executive executing and not revoking an effective general release in favor of the Company, the Board and their affiliates, in a form mutually acceptable to both parties hereto, within sixty (60) days after termination of the Executive’s employment, the Company shall pay the Executive the amounts set forth in this subsection (c) (except for the amounts set forth in subsection (c)(iii) which shall be paid as set forth below regardless of whether the Executive executes such release). Under such circumstances, subject to subsection (c)(v) and Section 19 below, the Company shall pay the Executive an amount equal to fifty percent (50%) of the Executive’s Base Salary for a period of twenty-four (24) months beginning immediately after the Termination Date (the “Termination Period”), in such periodic installments as were being paid immediately prior to the Termination Date, no less frequently than monthly, less any sums which may be required to be deducted or withheld under applicable provisions of law.

(ii) Subject to subsection (c)(v) and Section 19 below, the Company shall pay the Executive a lump sum, determined on a net present value basis, using a reasonable discount rate determined by the Board, equal to the full target Incentive Payment for the year that includes the Termination Date multiplied by a fraction, the numerator of which is the number of weeks in the Termination Period and the denominator of which is fifty-two (52), no later than two and a half (2 ¹/2) months after the Termination Date.

(iii) The Company shall also be obligated to pay to the Executive the earned and unpaid Incentive Payments to the Termination Date and the Standard Termination Payments (as described above).

(iv) During the Termination Period, subject to subsection (c)(v) and Section 19 below, the Executive and the Executive’s dependents will be entitled to continued participation in the “employee welfare benefit plans” (as defined in Section 3(1) of the Employee Retirement Income Security Act of 1974) in which the Executive and the Executive’s dependents participated on the Executive’s Termination Date with respect to any such plans for which such continued participation is allowed pursuant to applicable law and the terms of the plan on the same terms as active employees (with the Company to pay or reimburse the Executive for such continued participation on a monthly basis). In lieu of coverage for which such continued participation is not allowed, subject to subsection (c)(v) and Section 19 below, the Executive will be reimbursed, on a net after-tax basis, on a monthly basis, for the cost of individual insurance coverage for the Executive and the Executive’s dependents under a policy or policies that provide benefits (other than disability coverage) not less favorable than the benefits (other than disability coverage) provided under such employee welfare benefit plans. Notwithstanding the foregoing, the coverage or reimbursements for coverage provided under this subsection (iv) shall cease if the Executive and/or the Executive’s dependents become covered under an employee welfare benefit plan of another employer of the Executive that provides the same or similar type of benefits.

(v) Notwithstanding any of the foregoing provisions, any payments to be made, or benefits to be delivered, under this subsection (c) (except for the amounts set forth in subsection (c)(iii) above) within the sixty (60) days after the Termination Date shall be accumulated and paid in a lump sum on the first payroll date occurring more than sixty (60) days, and less than two and a half (2 ¹/2) months, after the Termination Date, provided the Executive executes the release described above and the applicable revocation period thereunder expires within the time described above without the Executive having elected to revoke the release. Any benefits to be provided to the Executive during such time may be provided at the Executive’s expense with the Executive having the right to reimbursement of such amounts at the time described above.

(d) By the Executive. The Executive may terminate the Executive’s employment, and any further obligations which the Executive may have to perform services on behalf of the Company hereunder at any time after the date hereof; by sending written notice of termination to the Company not less than sixty (60) days prior to the effective date of such termination. During such sixty (60) day period, the Executive shall continue to perform the normal duties of the Executive’s employment hereunder and shall be entitled to receive when due all compensation and benefits applicable to the Executive hereunder, payable as described above. Except as provided below, if the Executive shall elect to terminate the Executive’s employment hereunder (other than as a result of the Executive’s death or disability), then the Executive shall remain vested in all vested benefits provided for hereunder or under any benefit plan of the Company in which the Executive is a participant and shall be entitled to receive the earned and unpaid Incentive Payments to the date of termination of the Executive’s employment and the Standard Termination Payments (as set forth above), but the Company shall have no further obligation to make payments or provide benefits to the Executive under Section 3 hereof. Anything in this Agreement to the contrary notwithstanding, the termination of the Executive’s employment by the Executive for Good Reason (as defined in Section 4(e)), shall be deemed to be a termination of the Executive’s employment without Cause by the Company for purposes of this Agreement, and the Executive shall be entitled to the payments and benefits set forth in

Section 4(c) above, payable as described above, subject to the Executive executing and not revoking a general release in favor of the Company, the Board and their affiliates, in a form mutually acceptable to both parties hereto, within sixty (60) days after the termination of Executive’s employment. Notwithstanding the foregoing, in no event shall any termination of employment by the Executive be deemed for Good Reason unless the Executive terminates employment within one hundred eighty (180) days of when the Executive learns of the act or conduct that constitutes Good Reason.

(e) Definitions. For purposes of this Agreement, the following definitions will apply:

(i) Cause. The term “Cause” means: (i) gross or willful misconduct; (ii) willful and repeated failure to comply with the lawful directives of the Board or any supervisory personnel; (iii) any criminal act or act of dishonesty or willful misconduct that has a material adverse impact on the property, operations, business or reputation of the Company or its subsidiaries or any act of fraud, dishonesty or misappropriation involving the Company or its subsidiaries; (iv) any conviction or plea of guilty or nolo contendere to a felony (other than traffic offenses) or a crime involving dishonesty; (v) the material breach of the terms of any confidentiality, non-competition, non-solicitation or employment agreement the employee has with the Company or its subsidiaries; (vi) acts of malfeasance or negligence in a matter of material importance to the Company or its subsidiaries; (vii) the material failure to perform the duties and responsibilities of employee’s position after written notice and a reasonable opportunity to cure (not to exceed ninety (90) days); (viii) grossly negligent conduct; or (ix) activities materially damaging to the property, operations, business or reputation of the Company or its subsidiaries (it being understood that conduct or activities pursuant to employee’s exercise of good faith business judgment shall not be in violation of this Section 4(e)(i).

(ii) Good Reason. “Good Reason” means, after written notice by the Executive to the Board, and a reasonable opportunity for the Company to cure (not to exceed forty-five (45) days), that (i) the Executive’s Base Salary is not paid or is reduced by more than ten percent (10%) in the aggregate or other than as part of a salary reduction program pursuant to which the Base Salaries of the Chief Executive Officer, all Executive Vice Presidents and all Senior Vice Presidents who have been designated as ‘Executive Officers’ by the Board are reduced by the same percentage at the same time and for the same period of time, (ii) the Executive’s target Incentive Payment is reduced, (iii) the Executive’s job duties and responsibilities are diminished; provided that so long as the Executive retains the title Senior Vice President or higher and remains within the Company’s sales or marketing organization, a division of, or change in, responsibilities, or change in title, of the Executive shall not constitute a “diminution” under this subparagraph (iii), (iv) the Executive is required to relocate to a facility more than fifty (50) miles from Waynesboro, Virginia, (v) the Executive is not provided benefits (e.g., health insurance) that are comparable in all material respects to those previously provided to the Executive, (vi) the Executive is directed by the Board or an officer of the Company or an affiliate (or the Company’s successor or an affiliate thereof) to engage in conduct that Company counsel, or mutually agreed upon counsel if requested by the Executive, has advised is likely to be illegal and that such counsel states with specificity why such direction is likely to be illegal (including a proposal for modification of such direction which in counsel’s opinion would not be likely to be illegal), or (vii) the Executive is directed by the Board or an officer of the Company

or an affiliate (or the Company’s successor or an affiliate thereof) to refrain from acting and Company counsel, or mutually agreed upon counsel if requested by the Executive, has advised that such failure to act is likely to be illegal and that such counsel states with specificity why such direction is likely to be illegal (including a proposal for modification of such direction which in counsel’s opinion would not be likely to be illegal). If the Executive is directed to engage in conduct that he reasonably believes is likely to be illegal or to refrain from acting and the Executive reasonably believes that such failure to act is likely to be illegal, the Executive can express such reservations to the Board or directing officer, and the Company shall, at its expense, engage Company counsel, or mutually agreed upon counsel if requested by the Executive, to advise as to whether such conduct or failure to act is likely to be illegal. Subject to the last sentence of Section 4(d) hereof, if any of the events occur that would entitle the Executive to terminate the Executive’s employment for Good Reason hereunder and the Executive does not exercise such right to terminate the Executive’s employment, any such failure shall not operate to waive the Executive’s right to terminate the Executive’s employment for that or any subsequent action or actions, whether similar or dissimilar, that would constitute Good Reason. For purposes of clarity, it is acknowledged that expiration of the Employment Term (including notice of non-renewal) shall not be considered “Good Reason” hereunder.

(iii) Change in Control. “Change in Control” means any of the following described in clauses (I) through (IV) below, provided that a “Change in Control” shall not mean any event listed in clauses (I) through (IV) that occurs directly or indirectly as a result of or in connection with Quadrangle Capital Partners LP, a Delaware limited partnership, Quadrangle Select Partners LP, a Delaware limited partnership, Quadrangle Capital Partners – A LP, a Delaware limited partnership, and Quadrangle NTELOS Holdings II LP, a Delaware limited partnership (collectively the “Quadrangle Entities”) and/or their Affiliates, related funds and co-investors becoming the owner or “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Holdings representing more than fifty-one percent (51%) of the combined voting power of the then outstanding securities, or the shareholders of Holdings approve a merger, consolidation or reorganization of Holdings with any other company and such merger, consolidation or reorganization is consummated, and after such merger, consolidation or reorganization any of the Quadrangle Entities or their respective Affiliates, related funds and co-investors acquire more than fifty-one percent (51%) of the combined voting power of Holdings’ then outstanding securities:

(I)

any Person is or becomes the owner or “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Holdings representing more than fifty-one percent (51%) of the combined voting power of the then outstanding securities;

(II)

consummation of a merger, consolidation or reorganization of Holdings with any other company, or a sale of all or substantially all the assets of Holdings (a “Transaction”), other than (i) a Transaction that would result in the voting securities of Holdings outstanding immediately prior thereto continuing to represent either directly or indirectly more than fifty-one percent (51%) of the combined voting power of the then outstanding securities of Holdings or such surviving or purchasing entity;

(III)

the shareholders of Holdings approve a plan of complete liquidation of Holdings and such liquidation is consummated; or

(IV)

During any period of twelve (12) consecutive months commencing on the Effective Time, (i) the individuals who constituted the Board of Directors of Holdings on the Effective Time, and (ii) any new director who either (A) was elected by the Board of Directors of Holdings or nominated for election by Holdings’ stockholders and whose election or nomination was approved by a vote of more than fifty percent (50%) of the directors then still in office who either were directors on the Effective Time, or whose election or nomination for election was previously so approved or (B) was appointed to the Board of Directors of Holdings pursuant to the designation of Quadrangle Entities, cease for any reason to constitute a majority of the Board.

For purposes of the foregoing, “Person” means an individual, corporation, limited liability company, partnership, association, trust or other entity or organization, including a government or political subdivision or an agency or instrumentality thereof.

For purposes of the foregoing, “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person.

5. Confidential Information. The Executive understands and acknowledges that during the Executive’s employment with the Company, the Executive has been and will be making use of, acquiring or adding to the Company’s Confidential Information (as defined below). In order to protect the Confidential Information, the Executive will not, during the Executive’s employment with the Company or at any time thereafter, in any way utilize any of the Confidential Information except in connection with the Executive’s employment by the Company. The Executive will not at any time use any Confidential Information for the Executive’s own benefit or the benefit of any person except the Company. At the end of the Executive’s employment with the Company, the Executive will surrender and return to the Company any and all Confidential Information in the Executive’s possession or control, as well as any other Company property that is in the Executive’s possession or control. The Executive acknowledges and agrees that any breach of this Section 5 would be a material breach of this Agreement. The term “Confidential Information” shall mean any information that is confidential and proprietary to the Company and is not known or made available to the public (other than as a result of a breach of this Agreement by the Executive), including but not limited to the following general categories:

(i) trade secrets;

(ii) lists and other information about current and prospective customers;

(iii) plans or strategies for sales, marketing, business development, or system build-out;

(iv) sales and account records;

(v) prices or pricing strategy or information;

(vi) current and proposed advertising and promotional programs;

(vii) engineering and technical data;

(viii) the Company’s methods, systems, techniques, procedures, designs, formulae, inventions and know-how; personnel information;

(ix) legal advice and strategies; and

(x) other information of a similar nature not known or made available to the public or the Company’s Competitors (as defined in Section 8).

Confidential Information includes any such information that the Executive may prepare or create during the Executive’s employment with the Company, as well as such information that has been or may be created or prepared by others. This promise of confidentiality is in addition to any common law or statutory rights of the Company to prevent disclosure of its Trade Secrets and/or Confidential Information.

6. Return of Documents. All writings, records and other documents and things containing any Confidential Information in the Executive’s custody or possession shall be the exclusive property of the Company, shall not be copied and/or removed from the premises of the Company, except in pursuit of the business of the Company, and shall be delivered to the Company, without retaining any copies, upon the termination of the Executive’s employment or at any time as requested by the Company.

7. Reaffirm Obligations. Upon termination of the Executive’s employment with the Company, the Executive shall, if requested by the Company, reaffirm in writing Employee’s recognition of the importance of maintaining the confidentiality of the Company’s proprietary information and trade secrets and reaffirm all of the obligations set forth in Section 5 of this Agreement.

8. Non-Compete; Non-Solicitation. The Executive agrees that:

(a) While the Executive is employed by the Company, the Executive will not, directly or indirectly, compete with the business conducted by the Company, and the Executive will not, directly or indirectly, provide any services to a Competitor.

(b) For a period of twenty-four (24) months (the “Non-Competition Period”) after the Executive’s employment with the Company ends for any reason, the Executive will not compete with the Company by performing or causing to be performed the same or similar types of duties or services that the Executive performed for the Company for a Competitor of the Company in any capacity whatsoever, directly or indirectly, within any city or county of the continental United States in which, at the time the Executive’s employment with the Company ends, the Company provides services or products, offers to provide services or products, or has documented plans to provide or offer to provide services or products within the Non-Competition Period provided that the Executive has knowledge of those plans at the time the Executive’s employment with the Company ends (the “Service Area”). Additionally, the Executive agrees that during the Non-Competition Period, the Executive will not, directly or indirectly, sell, attempt to sell, provide or attempt to provide, any wireline telecommunications services, including but not limited to internet services, to any person or entity who was a customer or an actively sought prospective customer of the Company, at any time during the Executive’s employment with the Company. The restrictions set forth above shall immediately terminate and shall be of no further force or effect in the event of a default by the Company in the payment of any consideration, if any, to which the Executive is entitled under Section 8(i) below, which default is not cured within thirty (30) days after written notice thereof. The Executive acknowledges and agrees that because of the nature of the Company’s business, the nature of the Executive’s job responsibilities, and the nature of the Confidential Information and Trade Secrets of the Company which the Company will give the Executive access to, any breach of this provision by the Executive would result in the inevitable disclosure of the Company’s Trade Secrets and Confidential Information to its direct competitors.

(c) While the Executive is employed by the Company and during the Non-Competition Period, the Executive will not, directly or indirectly, solicit or encourage any employee of the Company to terminate employment with the Company; hire, or cause to be hired, for any employment by a Competitor, any person who within the preceding twelve (12) month period has been employed by the Company, or assist any other person, firm, or corporation to do any of the acts described in this subsection (c).

(d) The Executive acknowledges and agrees that the Company has a legitimate business interest in preventing him from engaging in activities competitive with it as described in this Section 8 and that any breach of this Section 8 would constitute a material breach of this Section 8 and this Agreement.

(e) The Company may notify anyone employing the Executive or evidencing an intention to employ the Executive during the Non-Competition Period as to the existence and provisions of this Agreement and may provide such person or organization a copy of this Agreement. The Executive agrees that the Executive will provide the Company with a notice containing the identity of any employer the Executive plans to go to work for during the Non-Competition Period along with the Executive’s anticipated job title, anticipated job duties with any such employer, and anticipated start date. The Company will analyze the proposed employment and make a determination as to whether it would violate this Section 8. The Company will notify the Executive in writing within ten (10) business days following the receipt of the Executive’s notice as to whether or not the Company objects to the proposed employment. The Executive further agrees to provide a copy of this Agreement to anyone who employs the Executive during the Non-Competition Period.

(f) The Executive acknowledges and agrees that this Section 8 is intended to limit the Executive’s right to compete only to the extent necessary to protect the Company’s legitimate business interest. The Executive acknowledges and agrees that the Executive will be reasonably able to earn a livelihood without violating the terms of this Section 8. If any of the provisions of this Section 8 should ever be deemed to exceed the time, geographic area, or activity limitations permitted by applicable law, the Executive agrees that such provisions may be reformed to the maximum time, geographic area and activity limitations permitted by applicable law, and the Executive authorizes a court or other trier of fact having jurisdiction to so reform such provisions. In the event the Executive breaches any of the restrictions or provisions set forth in this Section 8, the Executive waives and forfeits any and all rights to any further benefits under this Agreement, including but not limited to the consideration set forth in subsection (i) below as well as any additional payments, compensation, benefits or severance pay he may otherwise be entitled to receive under this Agreement. Additionally, in the event the Executive breaches any of the restrictions or provisions set forth in this Section 8, the Executive agrees to repay the Company for any of the consideration set forth in subsection (i) below that the Executive received prior to the breach as well as any additional payments, compensation, benefits or severance pay the Executive might otherwise have previously received under Section 4(c) of this Agreement.

(g) For purposes of this Section 8, the following definitions will apply:

(i) “Directly or indirectly” as used in this Agreement includes an interest in or participation in a business as an individual, partner, shareholder, owner, director, officer, principal, agent, employee, consultant, trustee, lender of money, or in any other capacity or relation whatsoever. The term includes actions taken on behalf of the Executive or on behalf of any other person. “Directly or indirectly” does not include the ownership of less than five percent (5%) of the outstanding shares of any corporation, if such shares are publicly traded in the over-the-counter market or listed on a national securities exchange.

(ii) “Competitor” as used in this Agreement means any person, firm, association, partnership, corporation or other entity that competes or attempts to compete with the Company by providing or offering to provide wireline telecommunications services, including but not limited to internet services, within any city or county in which the Company provides or offers those services or products.

(h) Notwithstanding any other provision of this Section 8, the Executive will not be considered to have violated any prohibition against competing with the Company for engaging in any of the following activities: (1) being employed or retained by (i) any parent, subsidiary or affiliate organization of any Competitor where that parent, subsidiary or affiliate organization does not itself, and the Executive’s employment will not cause the Executive to, compete or attempt to compete with the Company by providing or offering to provide wireline telecommunications services, including but not limited to internet services, within the Service Area or (ii) any Competitor, directly or indirectly, so long as Executive’s employment or service does not relate to (A) working principally within the Service Area or (B) activities that would

benefit the Competitor principally within the Service Area; or (2) working or providing services within the Service Area so long as the Executive’s employment or service does not relate to the type of services provided or offered by the Company within that Service Area or to services for which the Company has documented plans to provide, offer or supply within that Service Area at the time of Executive’s termination of employment; or (3) selling or attempting to sell wireline telecommunications services, including but not limited to internet services, so long as the services or products, which the Executive is selling or attempting to sell to a customer, do not relate to the type of services or products provided or offered by the Company to such customer or for which the Company has documented plans to provide, offer or supply to such customer at the time of Executive’s termination of employment; provided, however, that the Executive is nevertheless prohibited from: (i) selling, attempting to sell, and providing or attempting to provide, to any person who was a customer, or who was actively sought as a customer, of the Company at the time of Executive’s termination of employment any wireline telecommunications services, including but not limited to internet services, that are the type of services or products that the Company sold, attempted to sell or provided or attempted to provide to such customer as described in (b) above and (ii) soliciting or encouraging any employee of the Company to terminate employment or taking any other of the prohibited actions as described in (c) above.

(i) In consideration of the Executive’s undertakings set forth in this Section 8 with respect to periods after termination of employment, but only in the event that the Executive is entitled to the benefits and payments under Section 4(c) above, subject to subsection 4(c)(v) and Section 19 below, the Company will pay the Executive an amount equal to fifty percent (50%) of his Base Salary during the Non-Competition Period, in such periodic installments, not less frequently than monthly, as his Base Salary was being paid immediately prior to termination of employment, with a lump sum payment on the sixtieth (60^th⁾ day after termination of the Executive’s employment equal to the payments the Executive would have received had the payments commenced immediately following termination of the Executive’s employment and subsequent installments in equal periodic installments thereafter, no less frequently than monthly, less any sums which may be required to be deducted or withheld under applicable provisions of law. In the event the Executive is not entitled to the benefits and payments under Section 4(c) above, the Company will not pay Executive any of the consideration set forth in this Section 8(i).

(j) In the event the Executive breaches any of the restrictions or provisions set forth in this Section 8, the Executive waives and forfeits any and all rights to any further payments under subsection (i) or otherwise under this Agreement and agrees to return to the Company the gross amount of any amounts previously paid, and the value of any benefits previously provided under this Agreement. This waiver and forfeiture shall be effective even in the event a court refuses to enforce the restrictions set forth in this Section 8.

9. Representations. The Executive represents and warrants to the Company that the execution, delivery and performance of this Agreement by the Executive does not conflict with, or result in the breach by the Executive or violation by the Executive of, any other agreement to which the Executive is a party or by which the Executive is bound. The Executive hereby agrees to indemnify the Company, its officers, directors and shareholders and hold them harmless from and against any liability (including, without limitation, reasonable attorneys’ fees and expenses)

which they may at any time suffer or incur arising out of or relating to any breach of an agreement, representation or warranty made by the Executive herein. The Company represents and warrants that this Agreement and the transactions contemplated hereby have been duly authorized by the Company by all necessary corporate and shareholder action, and that the execution, delivery and performance of this Agreement by the Company does not conflict with, or result in the breach or violation by the Company of, its Certificate of Incorporation, Articles of Incorporation or Bylaws or any other agreement to which the Company is a party or by which it is bound. The Company hereby agrees to indemnify the Executive and hold the Executive harmless from and against any liability (including, without limitation, reasonable attorneys’ fees and expenses) which the Executive may at any time suffer or incur arising out of or relating to any breach of an agreement, representation or warranty made by the Company herein. Any indemnity to be paid hereunder shall be payable within thirty (30) days after the Company and the Executive agree that such amounts are owed or there is a final settlement or resolution of the claim or dispute for which the payments are required.

10. Remedies. The parties hereto agree that the Company would suffer irreparable harm from a breach by the Executive of any of the covenants or agreements contained herein. Therefore, in the event of the actual or threatened breach by the Executive of any of the provisions of this Agreement, the Company may, in addition and supplementary to other rights and remedies existing in its favor, apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce or prevent any violation of the provisions hereof. The Executive agrees that if a lawsuit or other proceeding is brought to enforce the terms of this Agreement or determine the validity of its terms and the Company prevails, the Company will be entitled to recover from the Executive its reasonable attorneys’ fees and court costs. The Executive agrees that these provisions are reasonable.

11. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Company and its affiliates and their successors and assigns, and shall be binding upon and inure to the benefit of the Executive and the Executive’s legal representatives and assigns, provided that in no event shall the Executive’s obligations to perform services for the Company and its affiliates be delegated or transferred by the Executive. The Company may assign or transfer its rights hereunder to a successor corporation in the event of a merger, consolidation, transfer or sale of all or substantially all of the assets of the Company’s business (provided, however, that no such assignment or transfer shall have the effect of relieving the Company of any liability to the Executive hereunder or under any other agreement or document contemplated herein), but only if such assignment or transfer does not result in employment terms, conditions, duties or responsibilities which are or may be materially different than the terms, conditions, duties or responsibilities of the Executive hereunder. If the Company assigns or transfers its rights under this Agreement to a successor corporation, the Executive’s obligations under Section 8 of this Agreement will be construed and enforceable with respect to the business and geographic scope of the Company only and will not be construed or enforceable with respect to the business and geographic scope of any successor corporation to which the Company’s rights may be assigned or transferred to the extent such business or geographic scope is greater than that of the Company at the time of such assignment or transfer. The Executive may not transfer or assign the Executive’s rights and obligations under this Agreement

12. Modification or Waiver. No amendment, modification, waiver, termination or cancellation of this Agreement shall be binding or effective for any purpose unless it is made in a writing signed by the party against whom enforcement of such amendment, modification, waiver, termination or cancellation is sought. No course of dealing between or among the parties to this Agreement shall be deemed to affect or to modify, amend or discharge any provision or term of this Agreement. No delay on the part of the Company or the Executive in the exercise of any of their respective rights or remedies shall operate as a waiver thereof, and no single or partial exercise by the Company or the Executive of any such right or remedy shall preclude other or further exercises thereof. A waiver of a right or remedy on any one occasion shall not be construed as a bar to or waiver of any such right or remedy on any other occasion.

13. Governing Law; Jurisdiction. This Agreement and all rights, remedies and obligations hereunder, including, but not limited to, matters of construction, validity and performance shall be governed by the laws of the Commonwealth of Virginia without regard to its conflict of laws principles or rules. To the full extent lawful, each of the Company and the Executive hereby consents irrevocably to personal jurisdiction, service and venue in connection with any claim or controversy arising out of this Agreement in the courts of the Commonwealth of Virginia located in Waynesboro, Virginia, and in the federal courts in the Western District of Virginia.

14. Excise Taxes.

(a) If any payment or distribution by the Company or any affiliate to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise pursuant to or by reason of any other agreement, policy, plan, program or arrangement, including without limitation any stock option, stock appreciation right or similar right, or the lapse or termination of any restriction on or the vesting or exercisability of any of the foregoing (a “Payment”), would be subject to the excise tax imposed by Code Section 4999 or to any similar tax imposed by state or local law, or any interest or penalties with respect to such tax (such tax or taxes, together with any such interest and penalties, being hereafter collectively referred to as the “Excise Tax”), then the benefits payable or provided under this Agreement (or other Payments as described above) shall be reduced (but not in excess of the amount of the benefits payable or provided under this Agreement) if, and only to the extent that, such reduction will allow the Executive to receive a greater Net After Tax Amount than such Executive would receive absent such reduction.

(b) The Accounting Firm (as defined below) will first determine the amount of any Parachute Payments (as defined below) that are payable to the Executive. The Accounting Firm also will determine the Net After Tax Amount attributable to the Executive’s total Parachute Payments.

(c) The Accounting Firm will next determine the largest amount of payments that may be made to the Executive without subjecting the Executive to the Excise Tax (the “Capped Payments”). Thereafter, the Accounting Firm will determine the Net After Tax Amount attributable to the Capped Payments.

(d) The Executive then will receive the total Parachute Payments or the total Capped Payments, whichever provides the Executive with the higher Net After Tax Amount; however, if the reductions imposed under this Section 14 are in excess of the amount of benefits payable or provided under this Agreement, then the total Parachute Payments will be adjusted by first reducing, on a pro rata basis, the amount of any noncash or cash benefits under this Agreement, then noncash or cash benefits under any other plan, agreement or arrangement, then any cash payments under this Agreement and finally any cash payments under any other plan agreement or arrangement. The Accounting Firm will notify the Executive and the Company if it determines that the Parachute Payments must be reduced and will send the Executive and the Company a copy of its detailed calculations supporting that determination.

(e) As a result of the uncertainty in the application of Code Sections 280G and 4999 at the time that the Accounting Firm makes its determinations under this Section 14, it is possible that the Executive will have received Parachute Payments or Capped Payments in excess of the amount that should have been paid or distributed (“Overpayments”), or that additional Parachute Payments or Capped Payments should be paid or distributed to the Executive (“Underpayments”). If the Accounting Firm determines, based on either the assertion of a deficiency by the Internal Revenue Service against the Company or the Executive, which assertion the Accounting Firm believes has a high probability of success or controlling precedent or substantial authority, that an Overpayment has been made, that Overpayment may, at the Executive’s discretion, be treated for all purposes as a loan ab initio that the Executive must repay to the Company immediately together with interest at the applicable Federal rate under Code Section 7872; provided, however, that no loan will be deemed to have been made and no amount will be payable by the Executive to the Company unless, and then only to the extent that, the deemed loan and payment would either reduce the amount on which the Executive is subject to tax under Code Section 4999 or generate a refund of tax imposed under Code Section 4999 and the Executive will receive a greater Net After Tax Amount than such Executive would otherwise receive. If the Accounting Firm determines, based upon controlling precedent or substantial authority, that an Underpayment has occurred, the Accounting Firm will notify the Executive and the Company of that determination and the amount of that Underpayment will be paid to the Executive promptly by the Company after such determination.

(f) For purposes of this Section 14, the following terms shall have their respective meanings:

(i) “Accounting Firm” means the independent accounting firm currently engaged by the Company, or a mutually agreed upon independent accounting firm if requested by the Executive; and

(ii) “Net After Tax Amount” means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

(iii) “Parachute Payment” means a payment that is described in Code Section 280G(b)(2), determined in accordance with Code Section 280G and the regulations promulgated or proposed thereunder.

(g) The fees and expenses of the Accounting Firm for its services in connection with the determinations and calculations contemplated by the preceding subsections shall be borne by the Company.

(h) The Company and the Executive shall each provide the Accounting Firm access to and copies of any books, records and documents in the possession of the Company or the Executive, as the case may be, reasonably requested by the Accounting Firm, and otherwise cooperate with the Accounting Firm in connection with the preparation and issuance of the determinations and calculations contemplated by the preceding subsections. Any determination by the Accounting Firm shall be binding upon the Company and the Executive.

15. Severability. Whenever possible each provision and term of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision or term of this Agreement shall be held to be prohibited by or invalid under such applicable law, then such provision or term shall be ineffective only to the extent of such prohibition or invalidity, without invalidating or affecting in any manner whatsoever the remainder of such provisions or term or the remaining provisions or terms of this Agreement. If any provision contained in Sections 5 or 8 of this Agreement shall for any reason be held to be excessively broad or unreasonable as to time, territory, or interest to be protected, a court is hereby empowered and requested to construe such provision by narrowing it so as to make it reasonable and enforceable to the extent provided under applicable law.

16. Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same Agreement.

17. Headings. The headings of the Sections of this Agreement are inserted for convenience only and shall not be deemed to constitute a part hereof and shall not affect the construction or interpretation of this Agreement.

18. Entire Agreement. This Agreement (together with all documents and instruments referred to herein) constitutes the entire agreement, and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof, including any prior employment or management continuity agreement under which the Executive hereby agrees to waive all rights and which is hereby terminated.

19. Section 409A. It is intended that any payment or benefit which the Executive is to be paid or provided in connection with this Agreement which is considered to be non-qualified deferred compensation subject to Section 409A of the Code, shall be paid and provided in a manner, and at such time, as complies with, or is exempt from, the applicable requirements of Section 409A of the Code. In connection with effecting such compliance with, or exemption from, Section 409A of the Code, the following shall apply:

(a) Neither the Executive nor the Company shall take any action to accelerate or delay the payment of any monies and/or provision of any benefits in any matter which would not be in compliance with, or exempt from, Section 409A of the Code.

(b) If the Executive is a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, any payment or provision of benefits in connection with the Executive’s separation from service (as determined for purposes of Section 409A of the Code) shall not be made until six (6) months after the Executive’s separation from service or, if earlier, the Executive’s death (the “409A Deferral Period”) as and to the extent required under Section 409A of the Code. In the event such payments are otherwise due to be made in installments or periodically during the 409A Deferral Period, the payments which would otherwise have been made in the 409A Deferral Period shall be accumulated and paid in a lump sum as soon as, and within thirty (30) days after, the 409A Deferral Period ends, and the balance of the payments shall be made as otherwise scheduled. In the event such benefits are required to be deferred, any such benefits may be provided during the 409A Deferral Period at the Executive’s expense, and the Executive will have the right to reimbursement from the Company as soon as, and within thirty (30) days after, the 409A Deferral Period ends, and the balance of the benefits shall be provided as otherwise scheduled.

(c) For purposes of this Agreement, all rights to payments and benefits hereunder shall be treated as rights to receive a series of separate payments and benefits to the fullest extent allowed by Section 409A of the Code.

(d) For purposes of determining time of (but not entitlement to) the payment or provision of non-qualified deferred compensation under this Agreement subject to Section 409A of the Code in connection with the termination of the Executive’s employment, termination of employment will be construed to mean a “separation from service” within the meaning of Section 409A of the Code where it is reasonably anticipated that the Executive will not perform any further services after that date or that the level of bona fide services that the Executive will perform after that date (whether as an employee or independent contractor) will permanently decrease to no more than twenty percent (20%) of the average level of bona fide services the Executive performed over the immediately preceding thirty-six (36) month period.

(e) A “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code shall be determined on the basis of the applicable twelve (12)-month period ending on the specified employee identification date designated by the Company consistently for purposes of this Agreement and similar agreements or, if no such designation is made, based on the default rules and regulations under Section 409A(a)(2)(B)(i) of the Code.

(f) Notwithstanding any of the provisions of this Agreement, the Company shall not be liable to the Executive if any payment or benefit which is to be provided pursuant to this Agreement and which is non-qualified deferred compensation subject to Section 409A of the Code otherwise fails to comply with, or be exempt from, the requirements of Section 409A of the Code.

[SIGNATURES APPEAR ON THE FOLLOWING PAGE]

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.


Lumos Networks Corp.

By:
		James A. Hyde
		Chief Executive Officer

Lumos Networks Operating Company

By:
		James A. Hyde
		Chief Executive Officer

Executive

By:
		David J. Keller

EX-10.14 3 d283580dex1014.htm FORM OF STOCK OPTION AWARD Form of Stock Option Award

Exhibit 10.14

March 1, 2012

Employee Name

Address

City, State ZIP

Dear EE:

Pursuant to the Lumos Networks Corp. 2011 Equity and Cash Incentive Plan (the “Plan”), the Plan’s administrative committee (the “Committee”) hereby grants to you an Incentive Stock Option (“Option”) to purchase xxx shares of Common Stock, par value $.01 (“Award”) at an Exercise Price of $xx.xx per share. Your Option is intended to be an Incentive Stock Option. However, your Option will be treated as an Incentive Stock Option only to the extent that (i) the number of Award shares with respect to which this Option and any other Incentive Stock Options granted to you become exercisable for the first time in any calendar year multiplied by (ii) the Exercise Price of the Option does not exceed one hundred thousand dollars ($100,000) (or such other amount as is set as the limit for Incentive Stock Options). To the extent such dollar limitation is exceeded in any calendar year, then this Option may nevertheless be exercised as a Non-Qualified Stock Option for the excess number of Award shares. You may direct that any exercise of this Option be deemed an exercise of the Incentive Stock Option or the Non-Qualified Stock Option portion to the extent available hereunder.

This Award is subject to the applicable terms and conditions of the Plan, which are incorporated herein by reference, and in the event of any contradiction, distinction or difference between this letter and the terms of the Plan, the terms of the Plan will control. All capitalized terms used herein have the meanings set forth herein or in the Plan, as applicable.

Subject to your continued employment with the Company and its Subsidiaries, your Award will vest and become exercisable as follows (the “Time Vesting Schedule”):

25% of Award shares will vest on the first anniversary of the grant date;

An additional 25% of Award shares will vest on the second anniversary of the grant date; and

An additional 25% of Award shares will vest on the third anniversary of the grant date; and

The final 25% of Award shares will vest on the fourth anniversary of the grant date.

In addition to the Time Vesting Schedule above, the following enhanced vesting provisions shall also apply to your Award shares. In the event the Company terminates your employment involuntarily and without Cause in contemplation of or within nine (9) months after a Change in Control, as defined in the Plan, then your entire Award will fully vest and become exercisable immediately prior to your Termination Date. Your employment will be considered to have been terminated “in contemplation of” a

Change in Control only if the Company makes a public announcement or files a report or proxy statement with the Securities and Exchange Commission disclosing a transaction or series of transactions which, if completed, would constitute a Change in Control and your employment is terminated by the Company without Cause during the period beginning with such disclosure and ending the earlier of (x) the date that the Board, acting in good faith, adopts a resolution stating that the transaction or series of transactions will not be completed or (y) the date that such transaction or series of transactions is completed. You will not be entitled to receive the enhanced vesting provisions if your employment terminates on account of your death, disability, retirement, termination by the Company for Cause or your voluntary resignation for whatever reason.

Subject to the terms of the Plan and your continued employment through such date, any vested and exercisable portion of the Option will remain available for purchase until the tenth anniversary of the grant date (the “Expiration Date”). However, notwithstanding the foregoing, upon your Termination Date, the Option shall remain exercisable only in accordance with the terms of the Plan and this Award (the “Exercise Period”). Any vested and exercisable portion of your Award that is not so exercised within the applicable Exercise Period shall be forfeited with no further compensation due to you. Additionally, unless otherwise provided by the Committee, any portion of your Award that is not vested or exercisable as of your Termination Date shall be forfeited with no further compensation due to you.

All or part of the exercisable Options may be exercised by you upon (a) your written notice to the Company of exercise and (b) your payment of the Exercise Price and any applicable withholding taxes in full at the time of exercise in any manner provided for under the terms of the Plan.

By accepting this Award, you agree upon grant of your Award to be bound by the following confidentiality and non-solicitation restrictions:

Confidentiality

You understand and acknowledge that during your employment with the Company, you have been and will be making use of, acquiring or adding to the Company’s Confidential Information (as defined below). In order to protect the Confidential Information, you will not, during your employment with the Company or at any time thereafter, in any way utilize any of the Confidential Information except in connection with your employment by the Company. You will not at any time use any Confidential Information for your own benefit or the benefit of any person except the Company. At the end of your employment with the Company, you will surrender and return to the Company any and all Confidential Information in your possession or control, as well as any other Company property that is in your possession or control. The term “Confidential Information” shall mean any information that is confidential and proprietary to the Company, including but not limited to the following general categories: (a) trade secrets; (b) lists and other information about current and prospective customers; (c) plans or strategies for sales, marketing, business development, or system build-out; (d) sales and account records; (e) prices or pricing strategy or information; (f) current and proposed advertising and promotional programs; (g) engineering and technical data; (h) the Company’s methods, systems, techniques, procedures, designs, formula, inventions and know-how; (i) personnel information; (j) legal advice and strategies; and (k) other information of a similar nature not known or made available to the public or the Company’s competitors. “Confidential Information” shall also include any such information that you may prepare or create during your employment with the Company, as well as such information that has been or may be created or prepared by others. This promise of confidentiality is in addition to any common law or statutory rights of the Company to prevent disclosure of its trade secrets and/or Confidential Information.

Non-Solicitation

While you are employed by the Company and for one (1) year after your Termination Date, you will not, directly or indirectly, solicit or encourage any employee of the Company to terminate employment with the Company; hire, or cause to be hired, for any employment by a Competitor, any person who within the preceding 12 month period has been employed by the Company, or assist any other person, firm, or corporation to do any of the foregoing acts. Additionally, while you are employed by the Company and for one (1) year after your Termination Date, you will not, directly or indirectly, sell, attempt to sell, provide or attempt to provide, any wireless or wireline telecommunication services, including but not limited to internet services, to any person or entity who was a customer or an actively sought prospective customer of the Company, at any time during the Executive’s employment with the Company.

In the event you breach any of foregoing confidentiality or non-solicitation restrictions, in addition to any contractual or common law right the Company may have against you, you will waive and forfeit any and all rights to any further benefits under this letter or under the Plan and you will repay the Company for any benefit you may have already received under this letter or under the Plan.

Stock Ownership Requirement

The Company has established Common Stock Ownership and Retention Guidelines for Directors and Officers (the “Guidelines”) to emphasize the link between officers and the long-term interests of shareholders of the Company and to enhance the Company’s image by openly communicating to investors, market analysts and the public that officer interests are tied directly to the long-term success of the Company through personal capital investment in Company stock. By accepting this Award, you acknowledge that you have received a copy of the Guidelines and agree to adhere to the terms and conditions contained therein.

By accepting this Award, you acknowledge and agree that you will accumulate and hold shares of the common stock, $.01 par value per share, of the Company pursuant to the Guidelines. If you are promoted into another position, you acknowledge and agree that you will accumulate and hold additional shares pursuant to the Guidelines. Prior to any sale of your stock, you agree to seek clearance and to notify the Company’s Chief Financial Officer that you will not go below your target stock ownership level (other than sales to pay taxes permitted by this letter). You are also expected to comply with all relevant securities regulations at the time of any sale of Company stock.

You also agree to certify as the Committee requests whether or not you are in compliance with the Guidelines. You agree that until such time as you have reached your stock ownership guideline, you will hold 100% of the shares of common stock received upon lapse of the restrictions upon restricted stock and upon exercise of stock options (net of any shares utilized to pay for tax withholding and the exercise price of the option). You also agree to sell or otherwise dispose of any Company stock you own once your stock ownership level is met only to the extent that your remaining holdings do not fall below the minimum stock ownership level. The Committee in its sole discretion can make hardship exceptions to the Guidelines or to permit sales pursuant to Rule 10b5-1 sales plans to the extent the Committee deems appropriate. The Committee reserves the right to interpret, modify or terminate the Guidelines at any time except that no such change or modification will adversely affect you without your prior consent.

Other Provisions

The Company may impose any additional conditions or restrictions on the Award or the exercise of the Option as it deems necessary or advisable to ensure that all rights granted under the Plan satisfy the requirements of applicable securities laws. The Company shall not be obligated to issue or deliver any shares if such action violates any provision of any law or regulation of any governmental authority or national securities exchange.

The Committee may amend the terms of this Award to the extent it deems appropriate to carry out the terms of the Plan. The construction and interpretation of any provision of this Award or the Plan shall be final and conclusive when made by the Committee.

Nothing in this letter shall confer on you the right to continue in the service of the Company or its Subsidiaries or interfere in any way with the right of the Company or its Subsidiaries to terminate your service at any time, which rights shall be subject to the terms and conditions of any applicable employment agreement or other contractual relationship between you and the Company, if such agreement or other relationship exists.

Please sign and return a copy of this agreement to Joe Leigh, Vice President Human Resources, designating your approval of this letter. This acknowledgement must be returned within thirty (30) days; otherwise, the Award will lapse and become null and void. Your signature will also acknowledge that you have received and reviewed the Plan and that you agree to be bound by the applicable terms of this letter and the Plan.


Very truly yours,

LUMOS NETWORKS CORP.

By:
		Mike Moneymaker
		President



ACKNOWLEDGED AND ACCEPTED



Dated:

EX-10.15 4 d283580dex1015.htm FORM OF RESTRICTED STOCK AWARD - NON OFFICER Form of Restricted Stock Award - Non Officer

Exhibit 10.15

March 1, 2011

Employee Name

Address

City, State ZIP

Dear EE:

Pursuant to the Lumos Networks Corp. 2011 Equity and Cash Incentive (the “Plan”), the Plan’s administrative committee (the “Committee”) hereby grants xxx shares of Restricted Stock, par value $.01 (“Award”). This Award is subject to the applicable terms and conditions of the Plan, which are incorporated herein by reference, and in the event of any contradiction, distinction or difference between this letter and the terms of the Plan, the terms of the Plan will control. All capitalized terms used herein have the meanings set forth herein or in the Plan, as applicable.

Subject to your continued employment with the Company and its Subsidiaries, your Award will fully vest and become non-forfeitable as of March 10, 2015 (“Vesting Date”).

The following enhanced vesting provisions shall also apply to your Award shares in the event your employment with the Company and its Subsidiaries terminates under the circumstances described below before your Award shares become vested.

•

In the event the Company terminates your employment with the Company and its Subsidiaries involuntarily and without Cause in contemplation of or within nine (9) months after a Change in Control, as defined in the Plan, then your entire Award will fully vest and become non-forfeitable immediately prior to your Termination Date. Your employment will be considered to have been terminated “in contemplation of” a Change in Control only if the Company makes a public announcement or files a report or proxy statement with the Securities and Exchange Commission disclosing a transaction or series of transactions which, if completed, would constitute a Change in Control and your employment is terminated by the Company without Cause during the period beginning with such announcement or filing and ending on the earlier of (x) the date that the Board, acting in good faith, adopts a resolution stating that the transaction or series of transactions been abandoned or (y) the date that such transaction or series of transactions are completed. You will not be entitled to receive this enhanced vesting if your employment terminates on account of your death, disability, retirement, termination by the Company for Cause or your voluntary resignation for whatever reason.

•

In the event the Company terminates your employment with the Company and its Subsidiaries involuntarily and without Cause other than in contemplation of or within nine (9) months after a Change in Control, as defined in the Plan, then your Award will fully vest and become non-forfeitable immediately prior to your Termination Date with respect to 25% of your Award shares for each full year of your continued employment with the Company and its Subsidiaries subsequent to date of this grant. You will not be entitled to receive this enhanced vesting if your employment terminates on account of your death, disability, retirement, termination by the Company for Cause or your voluntary resignation for whatever reason.

By accepting this Award, you agree upon grant of your Award to be bound by the following confidentiality and non-solicitation restrictions:

Confidentiality

Non-Solicitation

Taxes

Under the Internal Revenue Code (the “Code”), your restricted stock grant is taxed as ordinary income when the shares fully vest. Upon vesting of your stock, you will be required to pay applicable withholding tax on the stock’s value prior to the stock being transferred to you by making payment directly to Lumos Networks by a personal check. You may be eligible to make a Section 83(b) election to accelerate recognition of the income from this award. You should seek advice from a qualified tax advisor immediately if you are considering this election.

Dividends

Prior to the vesting of your restricted stock, you will be eligible to receive any dividends that are declared. Any applicable dividend checks will be mailed to your address of record. Dividends that you receive on restricted stock are treated as ordinary income (compensation) and not as dividend income. Lumos Networks Corp. will include these payments on your W-2 Wage Statement. If they also are reported on a Form 1099-DIV, Dividends and Distributions, you should list them on Schedule B (Form 1040), with a statement that they have been included as wages on your W-2. Do not include them in the total dividends received. You should consider reviewing page 13 of IRS Publication 525, “Taxable and Non-Taxable Income” for specific instructions on this issue.

Please contact your tax advisor if you have questions on these tax related issues.

Other Provisions

The Company may impose any additional conditions or restrictions on the Award or the exercise of the Award as it deems necessary or advisable to ensure that all rights granted under the Plan satisfy the requirements of applicable securities laws. The Company shall not be obligated to issue or deliver any shares if such action violates any provision of any law or regulation of any governmental authority or national securities exchange.


Very truly yours,

LUMOS NETWORKS CORP.

By:
		Mike Moneymaker
		President



ACKNOWLEDGED AND ACCEPTED



Dated:

EX-10.16 5 d283580dex1016.htm FORM OF RESTRICTED STOCK AWARD - OFFICER Form of Restricted Stock Award - Officer

Exhibit 10.16

March 1, 2012

Employee Name

Address

City, State ZIP

Dear EE:

Subject to your continued employment with the Company and its Subsidiaries, your Award will fully vest and become non-forfeitable as of March 10, 2015 (“Vesting Date”).

•

By accepting this Award, you agree upon grant of your Award to be bound by the following confidentiality and non-solicitation restrictions:

Confidentiality

Non-Solicitation

Taxes

Dividends

Prior to the vesting of your restricted stock, you will be eligible to receive any dividends that are declared. Any applicable dividend checks will be mailed to your address of record. Dividends that you receive on restricted stock are treated as ordinary income (compensation) and not as dividend income. Lumos Networks will include these payments on your W-2 Wage Statement. If they also are reported on a Form 1099-DIV, Dividends and Distributions, you should list them on Schedule B (Form 1040), with a statement that they have been included as wages on your W-2. Do not include them in the total dividends received. You should consider reviewing page 13 of IRS Publication 525, “Taxable and Non-Taxable Income” for specific instructions on this issue.

Please contact your tax advisor if you have questions on these tax related issues.

Stock Ownership Requirement

You also agree to certify as the Committee requests whether or not you are in compliance with the Guidelines. You agree that until such time as you have reached your stock ownership guideline, you will hold 100% of the shares of common stock received upon lapse of the restrictions upon restricted stock and upon exercise of stock options (net of any shares utilized to pay for tax withholding and the exercise price of the option). You also agree to sell or otherwise dispose of any Company stock you own once your stock ownership level is met only to the extent that your remaining holdings do not fall below the minimum stock ownership level. The Committee in its sole discretion can make hardship exceptions to the Guidelines or to permit sales pursuant to Rule 10b5-1 plans to the extent the Committee deems appropriate. The Committee reserves the right to interpret, modify or terminate the Guidelines at any time except that no such change or modification will adversely affect you without your prior consent.

Other Provisions

Very truly yours,


LUMOS NETWORKS CORP.

By:
		Mike Moneymaker
		President



ACKNOWLEDGED AND ACCEPTED



Dated:

EX-10.17 6 d283580dex1017.htm STOCK OPTION AWARD FOR JAMES A. HYDE Stock Option Award for James A. Hyde

Exhibit 10.17

Incentive Stock Option for Jim Hyde

DATE

Dear :

Pursuant to the Lumos Networks Corp. 2011 Equity and Cash Incentive Plan (the “Plan”), the Plan’s administrative committee (the “Committee”) hereby grants to you this replacement Incentive Stock Option (“Option”) to purchase XXX shares of Common Stock, par value $.01, of Lumos Networks Corp. (the “Company ”) (the “Award”) at an Exercise Price of $XX.XX per share. Your Option (i) is intended to be an Incentive Stock Option and replaces and supersedes the Incentive Stock Option (your “NTELOS Option”) you previously were granted on , 20 to purchase shares of the common stock, par value $.01, of NTELOS Holdings Corp (“NTELOS”) and (ii) is in exchange for surrender of your NTELOS Option in connection with the separation of the Company from NTELOS (the “Separation”). The number of shares of Company Common Stock subject to the Option, and the exercise price of the Option, have been determined consistent with the applicable provisions of the Employee Matters Agreement dated October 1, 2011 (the “EMA”) entered into by and between NTELOS and the Company in connection with the Separation.

Your replacement Option will be treated as an Incentive Stock Option only to the extent that (i) the number of Award shares with respect to which this Option and any other Incentive Stock Options granted to you become exercisable for the first time in any calendar year multiplied by (ii) the Exercise Price of the Option does not exceed one hundred thousand dollars ($100,000) (or such other amount as is set as the limit for Incentive Stock Options). To the extent such dollar limitation is exceeded in any calendar year, then this Option may nevertheless be exercised as a Non-Qualified Stock Option for the excess number of Award shares. You may direct that any exercise of this Option be deemed an exercise of the Incentive Stock Option or the Non-Qualified Stock Option portion to the extent available hereunder.

Subject to your employment with NTELOS and its Subsidiaries prior to the Separation, and your continued employment with the Company and its Subsidiaries on and after the Separation, your Award has become vested and exercisable, or will vest and become exercisable, as follows (the “Time Vesting Schedule”):

25% of Award shares have vested or will vest on the first anniversary of the original grant date of your NTELOS Option; and

An additional 25% of Award shares have vested or will vest on the second anniversary of the original grant date of your NTELOS Option; and

An additional 25% of Award shares have vested or will vest on the third anniversary of the original grant date of your NTELOS Option; and

The final 25% of Award shares have vested or will vest on the fourth anniversary of the original grant date of your NTELOS Option.

Your Award will not vest solely upon a Change in Control, as defined in the Plan, except as otherwise described below.

In addition to the Time Vesting Schedule above, the following enhanced vesting provisions shall also apply to your Award shares.

•

In the event the Company terminates your employment involuntarily and without Cause in contemplation of or within nine (9) months after a Change in Control, as defined in the Plan, then your entire Award will fully vest and become exercisable immediately prior to your Termination Date. Your employment will be considered to have been terminated “in contemplation of” a Change in Control only if the Company makes a public announcement or files a report or proxy statement with the Securities and Exchange Commission disclosing a transaction or series of transactions which, if completed, would constitute a Change in Control and your employment is terminated by the Company without Cause during the period beginning with such disclosure and ending the earlier of (x) the date that the Board, acting in good faith, adopts a resolution stating that the transaction or series of transactions will not be completed or (y) the date that such transaction or series of transactions is completed. You will not be entitled to receive the enhanced vesting provisions if your employment terminates on account of your death, disability, retirement, termination by the Company for Cause or your voluntary resignation for whatever reason.

•

In the event your employment with the Company and its Subsidiaries terminates but you continue to serve on the Board of Directors of the Company or any of its Subsidiaries, your Award will continue to vest and become exercisable based upon such service.

•

In the event your employment with, and your service on the Board of Directors of, the Company and its Subsidiaries terminates but you continue to be an employee or serve on the Board of Directors of NTELOS or any of its Subsidiaries, and you remain reasonably available to cooperate with the Company and its Subsidiaries as may be necessary for the Company to address matters of material strategic importance to the Company with respect to which you have expertise from your previous employment with, or service on the Board of Directors of, the Company or any of its Subsidiaries, your Award will continue to vest and become exercisable based upon your employment with, and/or service on the Board of Directors of, NTELOS or any of its Subsidiaries. For purposes of the foregoing, you will not be disqualified from being considered “reasonably available” to cooperate with the Company and its Subsidiaries if you are unable to cooperate with respect to any matters that are (i) in direct conflict with NTELOS and its Subsidiaries or (ii) conflict (in more than an immaterial way) with your duties and obligations to NTELOS or any of its Subsidiaries.

•

any of its Subsidiaries and you have remained reasonably available to cooperate with the Company and its Subsidiaries as may be necessary for the Company to address matters of material strategic importance to the Company with respect to which you have expertise from your previous employment with, or service on the Board of Directors of, the Company or any of its Subsidiaries, then your Award will fully vest and become exercisable immediately prior to the Change in Control. For purposes of the foregoing, you will not be disqualified from being considered “reasonably available” to cooperate with the Company and its Subsidiaries if you are unable to cooperate with respect to any matters that are (i) in direct conflict with NTELOS and its Subsidiaries or (ii) conflict (in more than an immaterial way) with your duties and obligations to NTELOS or any of its Subsidiaries.

•

In the event NTELOS terminates your employment with, or service on the Board of Directors of, NTELOS and its Subsidiaries under any circumstances where any incentive stock options you have with NTELOS will vest and become exercisable upon such termination of employment or service, and you have remained reasonably available to cooperate with the Company and its Subsidiaries as may be necessary for the Company to address matters of material strategic importance to the Company with respect to which you have expertise from your previous employment with, or service on the Board of Directors of, the Company or any of its Subsidiaries, then your Award will vest and become exercisable immediately prior to such termination with NTELOS and its Subsidiaries to the same extent as your incentive stock options with NTELOS (even if you remain employed with, or are serving on the Board of Directors of, the Company or any of its Subsidiaries at that time). For purposes of the foregoing, you will not be disqualified from being considered “reasonably available” to cooperate with the Company and its Subsidiaries if you are unable to cooperate with respect to any matters that are (i) in direct conflict with NTELOS and its Subsidiaries or (ii) conflict (in more than an immaterial way) with your duties and obligations to NTELOS or any of its Subsidiaries.

Subject to the terms of the Plan and your continued employment or service on the Board of Directors through such date either with the Company and its Subsidiaries and/or with NTELOS and its Subsidiaries, the vested and exercisable portion of the Option will remain available for purchase until the tenth anniversary of the original grant date of your NTELOS Option (the “Expiration Date”). However, notwithstanding the foregoing, upon the later of your Termination Date or the day on which your employment with and service on the Board of Directors of NTELOS and its Subsidiaries terminate, the Option shall remain exercisable only in accordance with the terms of the Plan and this Award (based upon the circumstances at the later of your Termination Date or the day on which your employment with and service on the Board of Directors of NTELOS and its Subsidiaries terminate) (the “Exercise Period”). Any vested and exercisable portion of your Award that is not so exercised within the applicable Exercise Period shall be forfeited with no further compensation due to you. Additionally, unless otherwise provided by the Committee, any portion of your Award that is not vested and exercisable as of the later of your Termination Date or the day on which your employment with and service on the Board of Directors of NTELOS and its Subsidiaries terminate shall be forfeited with no further compensation due to you.

By accepting this Award, you agree to be bound by the following confidentiality and non-solicitation restrictions:

Confidentiality

Non-Solicitation

While you are employed by the Company and for one (1) year after your Termination Date, except as otherwise contemplated under the EMA, you will not, directly or indirectly, solicit or encourage any employee of the Company to terminate employment with the Company for any employment by a Competitor, any person who within the preceding 12 month period has been employed by the Company, or assist any other person, firm, or corporation to do any of the foregoing acts. Additionally, while you are employed by the Company and for one (1) year after your Termination Date, you will not, directly or indirectly, sell, attempt to sell, provide or attempt to provide, any wireline telecommunication services, including but not limited to internet services, to any person or entity who was a customer or an actively sought prospective customer of the Company, at any time during the Executive’s employment with the Company.

Other Requirements

Please sign and return a copy of this agreement to Joe Leigh, Vice President Human Resources, designating your approval of this letter. This acknowledgement must be returned within thirty (30) days. Your signature will also acknowledge that you have received and reviewed the Plan and that you agree to be bound by the applicable terms of this letter and the Plan.

Very truly yours,


LUMOS NETWORKS CORP.

By:



ACKNOWLEDGED AND ACCEPTED



Dated:

EX-10.18 7 d283580dex1018.htm RESTRICTED STOCK AWARD FOR JAMES A. HYDE Restricted Stock Award for James A. Hyde

Exhibit 10.18

Restricted Stock Award for Jim Hyde

DATE

Dear:

Pursuant to the Lumos Networks Corp. 2011 Equity and Cash Incentive (the “Plan”), the Plan’s administrative committee (the “Committee”) hereby grants XXX shares of Restricted Stock, par value $.01, of Lumos Networks Corp. (the “Company”) (the “Award”). This Award (i) replaces and supersedes the shares of Restricted Stock (your “NTELOS Restricted Stock”) you previously were awarded in the common stock, par value $.01, of NTELOS Holdings Corp (“NTELOS”) and (ii) is in exchange for surrender of your NTELOS Restricted Stock in connection with the separation of the Company from NTELOS (the “Separation”). The number of shares of Company Restricted Stock subject to your Award has been determined consistent with the applicable provisions of the Employee Matters Agreement dated October 1, 2011 (the “EMA”) entered into by and between NTELOS and the Company in connection with the Separation.

Subject to your employment with NTELOS and its Subsidiaries prior to the Separation, and your continued employment with the Company and its Subsidiaries on and after the Separation, your Award will fully vest and become non-forfeitable as of [DATE] (“Vesting Date”).

Your Award shares will not become vested and non-forfeitable solely upon a Change in Control, as defined in the Plan, except as otherwise described below.

The following enhanced vesting provisions shall apply to your Award shares in the event your employment with the Company and its Subsidiaries terminates under the circumstances described below before your Award shares become vested.

•

In the event the Company terminates your employment with the Company and its Subsidiaries involuntarily and without Cause other than in contemplation of or within nine (9) months after a Change in Control, as defined in the Plan, then your Award shares will fully vest and become non-forfeitable immediately prior to your Termination Date with respect to 25% of your Award shares for each full year of your employment with NTELOS and its Subsidiaries prior to the Separation and with the Company and its Subsidiaries on and after the Separation subsequent to the original date of grant of your NTELOS Restricted Stock. You will not be entitled to receive this enhanced vesting if your employment terminates on account of your death, disability, retirement, termination by the Company for Cause or your voluntary resignation for whatever reason.

•

In the event your employment with the Company and its Subsidiaries terminates but you continue to serve on the Board of Directors of the Company or any of its Subsidiaries, your Award shares will continue to vest and become non-forfeitable based upon such service.

•

In the event your employment with, and your service on the Board of Directors of, the Company and its Subsidiaries terminates but you continue to be an employee or serve on the Board of Directors of NTELOS or any of its Subsidiaries, and you remain reasonably available to cooperate with the Company and its Subsidiaries as may be necessary for the Company to address matters of material strategic importance to the Company with respect to which you have expertise from your previous employment with, or service on the Board of Directors of, the Company or any of its Subsidiaries, your Award shares will continue to vest and become non-forfeitable based upon your employment with, and/or service on the Board of Directors of, NTELOS or any of its Subsidiaries. For purposes of the foregoing, you will not be disqualified from being considered “reasonably available” to cooperate with the Company and its Subsidiaries if you are unable to cooperate with respect to any matters that are (i) in direct conflict with NTELOS and its Subsidiaries or (ii) conflict (in more than an immaterial way) with your duties and obligations to NTELOS or any of its Subsidiaries.

•

In the event your employment with, and your service on the Board of Directors of, the Company and its Subsidiaries has terminated, and thereafter a Change in Control, as defined in the Plan, occurs while you continue to be an employee or serve on the Board of Directors of NTELOS or any of its Subsidiaries and you have remained reasonably available to cooperate with the Company and its Subsidiaries as may be necessary for the Company to address matters of material strategic importance to the Company with respect to which you have expertise from your previous employment with, or service on the Board of Directors of, the Company or any of its Subsidiaries, then your Award shares will fully vest and become non-forfeitable immediately prior to the Change in Control. For purposes of the foregoing, you will not be disqualified from being considered “reasonably available” to cooperate with the Company and its Subsidiaries if you are unable to cooperate with respect to any matters that are (i) in direct conflict with NTELOS and its Subsidiaries or (ii) conflict (in more than an immaterial way) with your duties and obligations to NTELOS or any of its Subsidiaries.

•

In the event NTELOS terminates your employment with, or service on the Board of Directors of, NTELOS and its Subsidiaries under any circumstances where any restricted stock awards you have with NTELOS will vest and become non-forfeitable upon such termination of employment or service, and you have remained reasonably available to cooperate with the Company and its

Subsidiaries as may be necessary for the Company to address matters of material strategic importance to the Company with respect to which you have expertise from your previous employment with, or service on the Board of Directors of, the Company or any of its Subsidiaries, then your Award shares will vest and become non-forfeitable immediately prior to such termination with NTELOS and its Subsidiaries to the same extent as your restricted stock awards with NTELOS (even if you remain employed with, or are serving on the Board of Directors of, the Company or any of its Subsidiaries at that time). For purposes of the foregoing, you will not be disqualified from being considered “reasonably available” to cooperate with the Company and its Subsidiaries if you are unable to cooperate with respect to any matters that are (i) in direct conflict with NTELOS and its Subsidiaries or (ii) conflict (in more than an immaterial way) with your duties and obligations to NTELOS or any of its Subsidiaries.

By accepting this Award, you agree to be bound by the following confidentiality and non-solicitation restrictions:

Confidentiality

Non-Solicitation

Taxes

Under the Internal Revenue Code (the “Code”), your restricted stock grant is taxed as ordinary income when the shares fully vest. Upon vesting of your stock, you will be required to pay applicable withholding tax on the stock’s value prior to the stock being transferred to you. You may forfeit shares of vesting stock to satisfy all or part of the tax liability, or you may elect to have the withholding tax deducted from your regular pay; deducted from a bonus check (if applicable); or make payment directly to NTELOS by a personal check.

Dividends

Prior to the vesting of your restricted stock, you will be eligible to receive any dividends that are declared. Any applicable dividend checks will be mailed to your address of record. Dividends that you receive on restricted stock are treated as ordinary income (compensation) and not as dividend income. The Company will include these payments on your W-2 Wage Statement. If they also are reported on a Form 1099-DIV, Dividends and Distributions, you should list them on Schedule B (Form 1040), with a statement that they have been included as wages on your W-2. Do not include them in the total dividends received. You should consider reviewing page 13 of IRS Publication 525, “Taxable and Non-Taxable Income” for specific instructions on this issue.

Please contact your tax advisor if you have questions on these tax related issues.

Other Requirements

Please sign and return a copy of this agreement to Joe Leigh, Vice President Human Resources, designating your approval of this letter. This acknowledgement must be returned within thirty (30) days. Your signature will also acknowledge that you have received and reviewed the Plan and that you agree to be bound by the applicable terms of this letter and the Plan.

Very truly yours,


LUMOS NETWORKS CORP.

By:



ACKNOWLEDGED AND ACCEPTED



Dated:

EX-21.1 8 d283580dex211.htm SUBSIDIARIES OF LUMOS NETWORKS CORP. Subsidiaries of Lumos Networks Corp.

Exhibit 21.1

SUBSIDIARIES OF LUMOS NETWORKS CORP.


Subsidiary		Jurisdiction of Organization
FiberNet Telecommunications of Pennsylvania, LLC		Pennsylvania

FiberNet of Ohio, LLC		Ohio

FiberNet of Virginia, Inc.		Virginia

Lumos Networks LLC		West Virginia

Lumos Networks Corp.		Delaware

Lumos Networks Operating Company		Delaware

Lumos Telephone Inc.		Virginia

Lumos Networks of West Virginia Inc.		Virginia

Mountaineer Telecommunications, LLC		West Virginia

Lumos Network Inc.		Virginia

Lumos FiberNet Inc.		Virginia

Valley Network Partnership		Virginia

Lumos Telephone LLC		Virginia

Virginia Independent Telephone Alliance LC		Virginia

Roanoke and Botetourt Telephone Company		Virginia

Lumos Media Inc.		Virginia

R & B Telephone LLC		Virginia

EX-23.1 9 d283580dex231.htm CONSENT OF KPMG LLP Consent of KPMG LLP

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

The Board of Directors

Lumos Networks Corp.:

We consent to the incorporation by reference in the Registration Statement No. 333-177627on Form S-8 of our report dated March 23, 2012, with respect to the consolidated balance sheets of Lumos Networks Corp. as of December 31, 2011 and 2010, and the related consolidated statements of operations, cash flows, and equity for each of the years in the three-year period ended December 31, 2011, which appears in the 2011 annual report on Form 10-K of Lumos Networks Corp.

/s/ KPMG

Richmond, Virginia

March 23, 2012

EX-31.1 10 d283580dex311.htm SECTION 302 CEO CERTIFICATION Section 302 CEO Certification

Exhibit 31.1

CERTIFICATIONS

I, James A. Hyde, certify that:

1. I have reviewed this annual report on Form 10-K for the year ended December 31, 2011 of Lumos Networks Corp.;

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)) 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) [Omitted pursuant to SEC Release No. 34-54942];

(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: March 23, 2012

/s/ James A. Hyde

James A. Hyde

Chief Executive Officer

EX-31.2 11 d283580dex312.htm SECTION 302 CFO CERTIFICATION Section 302 CFO Certification

Exhibit 31.2

CERTIFICATIONS

I, Harold L. Covert, certify that:

1. I have reviewed this annual report on Form 10-K for the year ended December 31, 2011 of Lumos Networks Corp.;

(b) [Omitted pursuant to SEC Release No. 34-54942];

(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: March 23, 2012

/s/ Harold L. Covert

Harold L. Covert

Executive Vice President, Chief Financial Officer and Treasurer

EX-32.1 12 d283580dex321.htm SECTION 906 CEO CERTIFICATION Section 906 CEO Certification

Exhibit 32.1

LUMOS NETWORKS CORP.

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the annual report of Lumos Networks Corp. (the “Company”) on Form 10-K for the year ended December 31, 2011 (the “Report”), I, James A. Hyde, Chief Executive Officer of the Company, do hereby certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to my knowledge that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


By:		/s/ James A. Hyde
		James A. Hyde
		Chief Executive Officer

March 23, 2012

EX-32.2 13 d283580dex322.htm SECTION 906 CFO CERTIFICATION Section 906 CFO Certification

Exhibit 32.2

LUMOS NETWORKS CORP.

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the annual report of Lumos Networks Corp. (the “Company”) on Form 10-K for the year ended December 31, 2011 (the “Report”), I, Harold L. Covert, Executive Vice President, Chief Financial Officer and Treasurer of the Company, do hereby certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to my knowledge that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


By:		/s/ Harold L. Covert
		Harold L. Covert
		Executive Vice President, Chief Financial Officer and Treasurer

March 23, 2012

EX-101.INS 14 cik0001520744-20111231.xml XBRL INSTANCE DOCUMENT 0001520744 us-gaap:RetainedEarningsMember 2011-12-31 0001520744 us-gaap:ParentMember 2011-12-31 0001520744 us-gaap:NoncontrollingInterestMember 2011-12-31 0001520744 us-gaap:AdditionalPaidInCapitalMember 2011-12-31 0001520744 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-12-31 0001520744 us-gaap:ParentMember 2010-12-31 0001520744 us-gaap:NoncontrollingInterestMember 2010-12-31 0001520744 cik0001520744:BusinessEquityMember 2010-12-31 0001520744 us-gaap:ParentMember 2009-12-31 0001520744 us-gaap:NoncontrollingInterestMember 2009-12-31 0001520744 cik0001520744:BusinessEquityMember 2009-12-31 0001520744 us-gaap:ParentMember 2008-12-31 0001520744 us-gaap:NoncontrollingInterestMember 2008-12-31 0001520744 cik0001520744:BusinessEquityMember 2008-12-31 0001520744 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-01-01 2011-12-31 0001520744 us-gaap:NoncontrollingInterestMember 2011-01-01 2011-12-31 0001520744 us-gaap:NoncontrollingInterestMember 2010-01-01 2010-12-31 0001520744 us-gaap:NoncontrollingInterestMember 2009-01-01 2009-12-31 0001520744 us-gaap:TreasuryStockMember 2011-12-31 0001520744 us-gaap:CommonStockMember 2011-12-31 0001520744 2009-12-31 0001520744 2008-12-31 0001520744 2011-06-30 0001520744 2012-03-16 0001520744 us-gaap:CommonStockMember 2011-01-01 2011-12-31 0001520744 2011-12-31 0001520744 us-gaap:ParentMember 2011-01-01 2011-12-31 0001520744 us-gaap:ParentMember 2010-01-01 2010-12-31 0001520744 cik0001520744:BusinessEquityMember 2010-01-01 2010-12-31 0001520744 us-gaap:ParentMember 2009-01-01 2009-12-31 0001520744 cik0001520744:BusinessEquityMember 2009-01-01 2009-12-31 0001520744 us-gaap:TreasuryStockMember 2011-01-01 2011-12-31 0001520744 2010-01-01 2010-12-31 0001520744 2009-01-01 2009-12-31 0001520744 2010-12-31 0001520744 2011-01-01 2011-12-31 0001520744 us-gaap:RetainedEarningsMember 2011-01-01 2011-12-31 0001520744 us-gaap:AdditionalPaidInCapitalMember 2011-01-01 2011-12-31 0001520744 cik0001520744:BusinessEquityMember 2011-01-01 2011-12-31 xbrli:shares iso4217:USD xbrli:shares iso4217:USD -265794000 262155000 3639000 132000 -2.11 265794000 508000 100000 593000 3727000 65000 8582000 13809000 16251000 12598000 13243000 19551000 -31665000 -31665000 -31665000 -29240000 -29240000 -29240000 -14145000 -14145000 -14145000 22597000 22833000 233835000 152190000 8062000 360928000 401003000 6440000 <div> Note 2. Relationship with NTELOS In connection with the Business Separation, the Company entered into a series of agreements with NTELOS which are intended to govern the relationship between the Company and NTELOS going forward. These agreements include commercial service agreements, a separation and distribution agreement, an employee matters agreement, a tax matters agreement and intellectual property agreements. The Company also entered into a transition services agreement with NTELOS. During the year ended December 31, 2011, the net expense to the Company related to the transition services agreement was $0.4 million. See Note 13 regarding related party transactions with NTELOS. Under the tax matters agreement entered into between NTELOS and the Company, the Company is generally required to indemnify NTELOS against any tax resulting from the Distribution to the extent that such tax resulted from any of the following events (among others): (1) an acquisition of all or a portion of our stock or assets, whether by merger or otherwise, (2) any negotiations, understandings, agreements or arrangements with respect to transactions or events that cause the Distribution to be treated as part of a plan pursuant to which one or more persons acquire, directly or indirectly, stock representing a 50% or greater interest in Lumos Networks, (3) certain other actions or failures to act by the Company, or (4) any breach by the Company of certain of its representations or undertakings. The Company's indemnification obligations to NTELOS and its subsidiaries, officers and directors are not limited by any maximum amount. Pursuant to the separation and distribution agreement and certain other agreements with NTELOS, NTELOS agreed to indemnify the Company from certain liabilities, and the Company agreed to indemnify NTELOS for certain liabilities. </div> 508000 21223000 10798000 20815000 false --12-31 FY 2011 2011-12-31 10-K 0001520744 21276616 Yes Non-accelerated Filer 0 Lumos Networks Corp. No No

12298000

12432000

21171000

23555000

844000

2624000

500000

484000

95372000

119245000

-16840000

126427000

794000

1529000

1694000

2117000

2822000

7402000

8627000

15387000

86295000

78000

11000

116000

540793000

498600000

32981000

46324000

221000

3000

489000

10547000

486000

10058000

<div> Note 6. Supplementary Disclosures of Cash Flow Information The following information is presented as supplementary disclosures for the consolidated statements of cash flows for the years ended December 31, 2011, 2010 and 2009: <div> <table border="0" cellspacing="0"> <tr><td width="36%"> </td> <td width="6%"> </td> <td width="14%"> </td> <td width="9%"> </td> <td width="14%"> </td> <td width="9%"> </td> <td width="10%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="center">2011</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">2010</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">2009</td></tr> <tr valign="bottom"><td align="left">Cash payments for:</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Interest (net of amounts capitalized)</td> <td align="left">$</td> <td align="right">2,261</td> <td align="left">$</td> <td align="right">29</td> <td align="right">$</td> <td align="right">28</td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Income taxes</td> <td align="left"> </td> <td align="right">87</td> <td align="left"> </td> <td align="right">263</td> <td align="left"> </td> <td align="right">94</td></tr> <tr valign="bottom"><td align="left">Supplemental investing and financing</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">activities:</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Additions to property and equipment</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="right">included in accounts payable and</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 5px;" align="left">other accrued liabilities</td> <td align="left"> </td> <td align="right">2,900</td> <td align="left"> </td> <td align="right">2,492</td> <td align="left"> </td> <td align="right">588</td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Borrowings under capital leases</td> <td align="left"> </td> <td align="right">990</td> <td align="left"> </td> <td align="right">498</td> <td align="left"> </td> <td align="right">328</td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Dividend paid through increase in</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="center">borrowings from NTELOS Inc.</td> <td align="left"> </td> <td align="right">14,145</td> <td align="left"> </td> <td align="right">29,240</td> <td align="left"> </td> <td align="right">31,655</td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Dividend declared not paid</td> <td align="left">$</td> <td align="right">2,980</td> <td align="left">$</td> <td align="right">-</td> <td align="right">$</td> <td align="right">-</td></tr></table></div>   The amount of interest capitalized was less than $0.1 million in the year ended December 31, 2011 and was $0.1 million in each of the years ended December 31, 2010 and 2009. The net assets acquired by Lumos Networks in the Business Separation were effectively settled with the $315 million cash payment from Lumos Networks to NTELOS on October 31, 2011 (Note 1). Of this payment, $177.1 million represented the payoff of intercompany debt owed to NTELOS which was generated from the pre-Business Separation centralized cash management system (Note 2) and the transfer of assets and liabilities between NTELOS and the subsidiaries of NTELOS that now comprise Lumos Networks. </div>

<div> Note 12. Commitments and Contingencies Operating Leases Rental expense for all operating leases for the years ended December 31, 2011, 2010 and 2009 was $3.8 million, $2.2 million and $1.7 million, respectively. The total amount committed under these lease agreements at December 31, 2011 is: $1.9 million in 2012, $1.6 million in 2013, $1.4 million in 2014, $1.5 million in 2015, $1.4 million in 2016 and $5.5 million for the years thereafter. Other Commitments and Contingencies The Company periodically makes claims or receives disputes and is involved in legal actions related to billings to other carriers for access to the Company's network. The Company does not recognize revenue related to such matters until the period that it is reliably assured of the collection of these claims. In the event that a claim is made related to revenues previously recognized, the Company assesses the validity of the claim and adjusts the amount of revenue being recognized to the extent that the claim adjustment is considered probable and estimable. The Company has had lawsuits filed against it totaling $4.5 million for which a loss is "reasonably possible" under applicable accounting standards. The outcome of such matters is difficult to determine and the Company intends to vigorously contest and defend its positions; as such, the Company has no accrual established related to these lawsuits. In addition, the Company has received access disputes from a carrier totaling $8.2 million for which the Company has reserved $4.7 million, representing the Company's best estimate of the outcome of these disputes. The Company does not expect that the ultimate disposition of these matters will have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows. The Company periodically disputes network access charges that are assessed by other companies with which the Company interconnects and is involved in other disputes and legal and tax proceedings and filings arising from normal business activities. The Company has disputed access charges with an RLEC totaling $6.3 million for which the Company has no reserve. While the outcome of this and other such matters is currently not determinable, management does not expect that the ultimate costs to resolve these matters will have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows, and believes that adequate provision for any probable and estimable losses has been made in the Company's consolidated financial statements. The Company has other purchase commitments relating to capital expenditures totaling $2.9 million as of December 31, 2011, which are expected to be satisfied during 2012. <div>In connection with the Business Separation, the Company entered into a series of agreements with NTELOS which are intended to govern the relationship between the Company and NTELOS going forward. These agreements include commercial service agreements, a separation and distribution agreement, an employee matters agreement, a tax matters agreement and intellectual property agreements and within such agreements, the companies are required to indemnify each other regarding certain matters (Note 2).</div> </div>

0.14

0.01

55000000

21235000

65000

21170000

212000

23358000

20824000

-46657000

39000

119000

52000

23397000

20943000

-46605000

8350000

18200000

71000

128000

40158000

46407000

78484000

11653000

12623000

3646000

3463000

-8110000

61217000

41204000

21239000

22738000

27703000

28641000

31365000

43090000

<div> Note 9. Stock Plans Upon the Business Separation on October 31, 2011, all outstanding NTELOS stock options and restricted stock awards for the Company's employees and non-employee directors were replaced with 1,463,819 and 409,690 Company stock option and restricted stock awards, respectively, based on a formula designed to preserve the intrinsic value and fair value of the awards immediately prior to the Business Separation. The specific formula for the adjustment of the number of stock options and restricted stock and the strike price of the stock options was contained in the employee matters agreement that was executed on the date of separation. These awards had substantially the same terms and conditions as the NTELOS stock options and restricted stock awards that they replaced. Under the guidance in ASC 718, a modification event occurs when there is a change in any of the terms or conditions of a share-based payment award, which includes the spin-off of a business entity. Accordingly, Lumos Networks' spin-off from NTELOS qualified as a modification event which required Lumos Networks to determine incremental compensation expense, if any, resulting from the modification event. The computation of incremental compensation cost was determined by comparing the fair value of the NTELOS equity awards immediately before the Business Separation to the fair value of the replacement equity awards immediately after the Business Separation. Based on this computation, the Company determined that there was no incremental compensation expense to the Company related to the replacement of NTELOS equity-based compensation awards. Any unrecognized compensation expense related to the replaced awards will be recognized by the Company over the remaining vesting period of the awards. The Company has an Equity and Cash Incentive Plan administered by the Compensation Committee of the Company's board of directors, which permits the grant of long-term incentives to employees and non-employee directors, including stock options, stock appreciation rights, restricted stock awards, restricted stock units, incentive awards, other stock-based awards and dividend equivalents. The maximum number of shares of common stock available for awards under the Equity and Cash Incentive Plan is 4,000,000. As of December 31, 2011, 2,071,374 securities remained available for issuance under the Equity and Cash Incentive Plan, reflective of the equity awards from NTELOS that were replaced with Company awards on the date of the Business Separation, as described above, and post-Business Separation equity award activity. Upon the exercise of stock options or upon the grant of restricted stock under the Equity and Cash Incentive Plan, new common shares are issued. Subsequent to the Business Separation through December 31, 2011, the Company issued 20,514 stock options under the Equity and Cash Incentive Plan. The options issued under the Employee Equity and Cash Incentive Plan generally vest one-fourth annually beginning one year after the grant date for employees and generally cliff vest on the first anniversary of the grant date for non-employee directors . No options expired during the period. Additionally, during the period subsequent to the Business Separation through December 31, 2011, the Company issued 7,425 shares of restricted stock under the Equity and Cash Incentive Plan. These restricted shares generally cliff vest on the third anniversary of the grant date for employees and generally cliff vest on the first anniversary of the grant date for non-employee directors. Dividend rights applicable to restricted stock are equivalent to the Company's common stock. Stock options must be granted under the Equity and Cash Incentive Plan at not less than 100% of fair value on the date of grant and have a maximum life of ten years from the date of grant. Options and other awards under the Equity and Cash Incentive Plan may be exercised in compliance with such requirements as determined by a committee of the board of directors. All options outstanding were issued at a strike price equal to or greater than the fair value on the date of grant. The fair value of each option award is estimated on the grant date using the Black-Scholes option-pricing model and the assumptions noted in the following table. The risk-free rate is based on the zero-coupon U.S. Treasury rate in effect at the time of grant, with a term equal to the expected life of the options. For awards granted after the Business Separation, the Company used peer group and other publicly available market data to estimate volatility assumptions as the Company was not publicly traded until November 2011 and did not have an adequate trading history to estimate its actual volatility. The expected option life represents the period of time that the options granted are expected to be outstanding. The expected dividend yield is estimated based on the Company's expected dividend yields at the date of the grant. <div> <table border="0" cellspacing="0"> <tr><td width="58%"> </td> <td width="38%"> </td> <td width="3%"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="center">November 1, 2011</td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="center">through</td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="center">December 31, 2011</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td></tr> <tr valign="bottom"><td align="left">Risk-free interest rate</td> <td align="center">1.55%</td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Expected volatility</td> <td align="center">34.7%</td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Expected dividend yield</td> <td align="center">3.09% to 3.23%</td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Weighted-average expected dividend yield</td> <td align="center">3.10%</td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Expected term</td> <td align="center">7 years</td> <td align="left"> </td></tr></table></div>   <div> </div> The summary of the activity and status of the Company's stock options for the year ended December 31, 2011, is as follows: <div> <table border="0" cellspacing="0"> <tr><td width="44%"> </td> <td width="10%"> </td> <td width="3%"> </td> <td width="4%"> </td> <td width="12%"> </td> <td width="14%"> </td> <td width="2%"> </td> <td width="8%"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center">Weighted</td> <td align="center">Weighted-</td> <td align="center"> </td> <td align="center"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center">Average</td> <td align="center">Average</td> <td align="center"> </td> <td align="center"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center">Exercise</td> <td align="center">Remaining</td> <td align="center"> </td> <td align="center">Aggregate</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center">Price per</td> <td align="center">Contractual</td> <td align="center"> </td> <td align="center">Intrinsic</td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands, except per share amounts)</td> <td style="border-bottom: #000000 1px solid;" align="center">Shares</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid; text-indent: 2px;" align="center">Share</td> <td style="border-bottom: #000000 1px solid;" align="center">Term</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Value</td></tr> <tr valign="bottom"><td align="left">Stock options outstanding at January 1, 2011</td> <td align="right">-</td> <td align="left"> </td> <td align="right">$</td> <td align="center">-</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Converted options issued by the Company on the</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="center"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">October 31, 2011 Business Separation date</td> <td align="right">1,464</td> <td align="left"> </td> <td align="left"> </td> <td style="text-indent: 1px;" align="center">14.58</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Granted subsequent to the Business Separation</td> <td align="right">21</td> <td align="left"> </td> <td align="left"> </td> <td style="text-indent: 1px;" align="center">15.48</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Forfeited subsequent to the Business Separation</td> <td style="border-bottom: #000000 1px solid;" align="right">(137</td> <td style="border-bottom: #000000 1px solid;" align="left">)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="center">14.67</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td></tr> <tr valign="bottom"><td align="left">Outstanding at December 31, 2011</td> <td style="border-bottom: #000000 1px solid;" align="right">1,348</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="center">14.58</td> <td style="border-bottom: #000000 1px solid;" align="center">7.8 years</td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 1px solid;" align="right">1,022</td></tr> <tr><td colspan="8"> </td></tr> <tr valign="bottom"><td align="left">Exercisable at December 31, 2011</td> <td style="border-bottom: #000000 1px solid;" align="right">556</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="center">14.56</td> <td style="border-bottom: #000000 1px solid;" align="center">6.7 years</td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 1px solid;" align="right">432</td></tr> <tr valign="bottom"><td align="left">Total expected to vest at December 31, 2011</td> <td style="border-bottom: #000000 1px solid;" align="right">715</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">$</td> <td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="center">14.60</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 1px solid;" align="right">531</td></tr></table></div>   The weighted-average grant date fair value per share of stock options granted subsequent to the Business Separation through December 31, 2011 was $3.95. No options were exercised subsequent to the Business Separation through December 31, 2011. The total fair value of options that vested subsequent to the Business Separation through December 31, 2011 was $0.1 million. As of December 31, 2011, there was $1.4 million of total unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a weighted-average period of 2.4 years. The summary of the activity and status of the Company's restricted stock for the year ended December 31, 2011, is as follows: <div> <table border="0" cellspacing="0"> <tr><td width="60%"> </td> <td width="20%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="10%"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="center">Weighted</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="center">Average</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="center">Grant</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="center">Date Fair</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="center">Value per</td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands, except per share amounts)</td> <td style="border-bottom: #000000 1px solid;" align="center">Shares</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Share</td></tr> <tr valign="bottom"><td align="left">Restricted stock outstanding at January 1, 2011</td> <td align="right">-</td> <td align="left"> </td> <td align="left">$</td> <td align="center">-</td></tr> <tr valign="bottom"><td align="left">Converted restricted stock issued by the Company on the</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="center">October 31, 2011 Business Separation date</td> <td align="right">410</td> <td align="left"> </td> <td align="left"> </td> <td style="text-indent: 1px;" align="left">14.46</td></tr> <tr valign="bottom"><td align="left">Granted subsequent to the Business Separation</td> <td align="right">7</td> <td align="left"> </td> <td align="left"> </td> <td style="text-indent: 1px;" align="left">15.20</td></tr> <tr valign="bottom"><td align="left">Forfeited subsequent to the Business Separation</td> <td style="border-bottom: #000000 1px solid;" align="right">(65</td> <td style="border-bottom: #000000 1px solid;" align="left">)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="left">14.54</td></tr> <tr valign="bottom"><td align="left">Restricted stock outstanding at December 31, 2011</td> <td style="border-bottom: #000000 1px solid;" align="right">352</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="left">14.46</td></tr></table></div>   As of December 31, 2011, there was $2.4 million of total unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over a weighted-average period of 1.9 years. The fair value of the restricted stock is equal to the market value of common stock on the date of grant. In addition to the Equity and Cash Incentive Plan discussed above, the Company has an employee stock purchase plan which commenced in November 2011 with 100,000 shares available. New common shares will be issued for purchases under this plan. Shares are priced at 85% of the closing price on the last trading day of the month and settle on the second business day of the following month. During the period November 1, 2011 through December 31, 2011, 719 shares were issued under the employee stock purchase plan. Compensation expense associated with the employee stock purchase plan was not material in the period November 1, 2011 through December 31, 2011. </div>

2980000

178616000

930000

2832000

<div> Note 7. Financial Instruments The Company is exposed to market risks with respect to certain of the financial instruments that it holds. Cash, accounts receivable, accounts payable and accrued liabilities are reflected in the consolidated financial statements at cost which approximates fair value because of the short-term maturity of these instruments. There is no market for the senior credit facility and the capital lease obligations so fair value is assumed to equal carrying value in the table below. The fair values of other financial instruments, if applicable, are based on quoted market prices or discounted cash flows based on current market conditions. The following is a summary by balance sheet category: The following table indicates the difference between face amount, carrying amount and fair value of the Company's financial instruments at December 31, 2011 and 2010. <div> <table border="0" cellspacing="0"> <tr><td width="53%"> </td> <td width="3%"> </td> <td width="11%"> </td> <td width="4%"> </td> <td width="13%"> </td> <td width="5%"> </td> <td width="10%"> </td></tr> <tr valign="bottom"><td align="left">Financial Instruments</td> <td align="left"> </td> <td align="center">Face</td> <td align="center"> </td> <td align="center">Carrying</td> <td align="center"> </td> <td align="center">Fair</td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Amount</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Amount</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Value</td></tr> <tr valign="bottom"><td align="left">December 31, 2011</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Financial assets:</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Cash</td> <td align="right">$</td> <td align="right">10,547</td> <td align="left">$</td> <td align="right">10,547</td> <td align="left">$</td> <td align="right">10,547</td></tr> <tr valign="bottom"><td style="text-indent: 5px;" align="left">Long-term investments for which it is not</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 9px;" align="left">practicable to estimate fair value</td> <td align="left"> </td> <td align="center">N/A</td> <td align="left"> </td> <td align="right">128</td> <td align="left"> </td> <td align="right">N/A</td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Financial liabilities for which it is not practicable</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 5px;" align="left">to estimate fair value:</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Senior credit facility</td> <td align="left"> </td> <td align="right">324,500</td> <td align="left"> </td> <td align="right">324,500</td> <td align="left"> </td> <td align="right">324,500</td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Capital lease obligations</td> <td align="right">$</td> <td align="right">2,076</td> <td align="left">$</td> <td align="right">2,076</td> <td align="left">$</td> <td align="right">2,076</td></tr> <tr valign="bottom"><td align="left">December 31, 2010</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Financial assets :</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Cash</td> <td align="right">$</td> <td align="right">489</td> <td align="left">$</td> <td align="right">489</td> <td align="left">$</td> <td align="right">489</td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Financial liabilities for which it is not practicable to</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 5px;" align="left">estimate fair value:</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Capital lease obligations</td> <td align="right">$</td> <td align="right">2,105</td> <td align="left">$</td> <td align="right">2,105</td> <td align="left">$</td> <td align="right">2,105</td></tr></table></div>   Of the long-term investments for which it is not practicable to estimate fair value in the table above, $0.1 million as of December 31, 2011 represents the Company's investment in CoBank. This investment is primarily related to patronage distributions of restricted equity and is a required investment related to the portion of the credit facility loan held by CoBank. This investment is carried under the cost method. Under the terms of our Credit Facility, the Company was required to enter into an interest rate hedge for three years on 50% of the term loans outstanding (approximately $155 million at December 31, 2011) early in the first quarter of 2012. In February 2012, the Company entered into a 3% interest rate CAP through December 31, 2012 and a delayed interest rate swap agreement from December 31, 2012 through December 31, 2015 whereby the Company swaps three-month LIBOR with a fixed rate of approximately 0.8%. </div>

46355000

61742000

65904000

45696000

10097000

13069000

133735000

100297000

39165000

35420000

-48261000

<div> <div> Note 10. Income Taxes Lumos Networks' operations through the Business Separation date are included in the NTELOS consolidated federal and certain unitary or consolidated state income tax returns. During these periods, income taxes for the Company are calculated on a separate tax return basis. The components of income tax expense (benefit) are as follows for the years ended December 31, 2011, 2010 and 2009: <div align="left"> <table border="0" cellspacing="0"> <tr><td width="34%"> </td> <td width="11%"> </td> <td width="14%"> </td> <td width="3%"> </td> <td width="7%"> </td> <td width="13%"> </td> <td width="6%"> </td> <td width="8%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">2011</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">2010</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left">2009</td></tr> <tr valign="bottom"><td align="left">Current tax expense:</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Federal</td> <td align="left">$</td> <td align="right">-</td> <td align="left"> </td> <td align="left">$</td> <td align="right">8,515</td> <td align="left">$</td> <td align="right">9,602</td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 2px;" align="left">State</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">3,727</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">2,499</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">2,520</td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">3,727</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">11,014</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">12,122</td></tr> <tr><td colspan="8"> </td></tr> <tr valign="bottom"><td align="left">Deferred tax expense (benefit):</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Federal</td> <td align="left"> </td> <td align="right">(3,657</td> <td align="left">)</td> <td align="left"> </td> <td align="right">3,275</td> <td align="left"> </td> <td align="right">3,373</td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 2px;" align="left">State</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">(4,453</td> <td style="border-bottom: #000000 1px solid;" align="left">)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">188</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">273</td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">(8,110</td> <td style="border-bottom: #000000 1px solid;" align="left">)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">3,463</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">3,646</td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 3px double;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">(4,383</td> <td style="border-bottom: #000000 3px double;" align="left">)</td> <td style="border-bottom: #000000 3px double;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">14,477</td> <td style="border-bottom: #000000 3px double;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">15,768</td></tr></table></div>   Total income tax expense was different than an amount computed by applying the graduated statutory federal income tax rates to income before taxes. The reasons for the differences are as follows for the years ended December 31, 2011, 2010 and 2009: <div align="left"> <table border="0" cellspacing="0"> <tr><td width="44%"> </td> <td width="4%"> </td> <td width="11%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="10%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="8%"> </td> <td width="3%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">2011</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">2010</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">2009</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td></tr> <tr valign="bottom"><td align="left">Computed tax expense (benefit) at statutory federal</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">rate of 35%</td> <td align="left">$</td> <td align="right">(16,891</td> <td align="left">)</td> <td align="left">$</td> <td align="right">12,397</td> <td align="left"> </td> <td align="left">$</td> <td align="right">13,708</td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Nondeductible goodwill impairment charge</td> <td align="left"> </td> <td align="right">11,703</td> <td align="left"> </td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Nondeductible compensation</td> <td align="left"> </td> <td align="right">637</td> <td align="left"> </td> <td align="left"> </td> <td align="right">378</td> <td align="left"> </td> <td align="left"> </td> <td align="right">238</td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Noncontrolling interests</td> <td align="left"> </td> <td align="right">18</td> <td align="left"> </td> <td align="left"> </td> <td align="right">(42</td> <td align="left">)</td> <td align="left"> </td> <td align="right">(14</td> <td align="left">)</td></tr> <tr valign="bottom"><td align="left">State income taxes (benefits), net of federal income</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">tax benefit (expense)</td> <td align="left"> </td> <td align="right">(472</td> <td align="left">)</td> <td align="left"> </td> <td align="right">1,746</td> <td align="left"> </td> <td align="left"> </td> <td align="right">1,816</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">Other</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">622</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">(2</td> <td style="border-bottom: #000000 1px solid;" align="left">)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">20</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 3px double;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">(4,383</td> <td style="border-bottom: #000000 3px double;" align="left">)</td> <td style="border-bottom: #000000 3px double;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">14,477</td> <td style="border-bottom: #000000 3px double;" align="left"> </td> <td style="border-bottom: #000000 3px double;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">15,768</td> <td style="border-bottom: #000000 3px double;" align="left"> </td></tr></table></div>   The Company recognized a tax benefit of $1.8 million in accumulated other comprehensive income associated with the adjustments to various employee benefit plan liabilities for the post Business Separation period in 2011 in accordance with FASB ASC 715. Additionally, on the date of the Business Separation, in connection with the transfer of these underlying employee benefit plans, $9.0 million of the related NTELOS deferred tax benefit associated with the unrealized actuarial losses from these plans was transferred to the Company. Net deferred income tax assets and liabilities consist of the following components as of December 31, 2011 and 2010: <div align="left"> <table border="0" cellspacing="0"> <tr><td width="54%"> </td> <td width="19%"> </td> <td width="10%"> </td> <td width="6%"> </td> <td width="8%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="left">2011</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="left">2010</td></tr> <tr valign="bottom"><td align="left">Deferred income tax assets:</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Retirement benefits other than pension</td> <td align="left">$</td> <td align="right">5,349</td> <td align="left">$</td> <td align="right">2,963</td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Pension and related plans</td> <td align="left"> </td> <td align="right">9,022</td> <td align="left"> </td> <td align="right">1,457</td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Net operating loss</td> <td align="left"> </td> <td align="right">5,020</td> <td align="left"> </td> <td align="right">1,517</td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Debt issuance and discount</td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="right">-</td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Accrued expenses</td> <td align="left"> </td> <td align="right">2,623</td> <td align="left"> </td> <td align="right">553</td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Other</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">2,523</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">1,375</td></tr> <tr valign="bottom"><td align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">24,537</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">7,865</td></tr> <tr><td colspan="5"> </td></tr> <tr valign="bottom"><td align="left">Deferred income tax liabilities:</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Property and equipment</td> <td align="left"> </td> <td align="right">57,098</td> <td align="left"> </td> <td align="right">44,007</td></tr> <tr valign="bottom"><td style="text-indent: 4px;" align="left">Intangibles</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">8,643</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">25,075</td></tr> <tr valign="bottom"><td align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">65,741</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">69,082</td></tr> <tr><td colspan="5"> </td></tr> <tr valign="bottom"><td align="left">Net deferred income tax liability</td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">41,204</td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">61,217</td></tr></table></div> The Company has prior year unused net operating losses, including certain built-in losses ("NOLs") totaling $5.6 million as of December 31, 2011. These NOLs are subject to an adjusted annual maximum limit (the "IRC 382 Limit") of $0.3 million. Based on the IRC 382 Limit, the Company expects to use NOLs of approximately $3.9 million as follows: $0.7 million in 2012 and $0.3 million per year in 2013 through 2022. In addition, the Company expects to realize an NOL for the tax year 2011 as a result of the significant increase in bonus depreciation due to the passage of the "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010." The Company believes that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the deferred tax assets. The Company recognizes interest related to unrecognized income tax benefits ("UTBs") in interest expense and penalties on UTBs in income tax expense. A reconciliation of the change in the UTB balance for the years ended December 31, 2011 and 2010 is as follows: <div align="left"> <table border="0" cellspacing="0"> <tr><td width="58%"> </td> <td width="10%"> </td> <td width="11%"> </td> <td width="3%"> </td> <td width="6%"> </td> <td width="9%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">2011</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left">2010</td></tr> <tr><td colspan="6"> </td></tr> <tr valign="bottom"><td align="left">Balance at beginning of the year</td> <td align="left">$</td> <td align="right">500</td> <td align="left"> </td> <td align="left">$</td> <td style="text-indent: 4px;" align="left">136</td></tr> <tr valign="bottom"><td align="left">Additions for tax positions related to the current year</td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td style="text-indent: 4px;" align="left">235</td></tr> <tr valign="bottom"><td align="left">Increases (reductions) for tax positions related to prior years</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">(16</td> <td style="border-bottom: #000000 1px solid;" align="left">)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid; text-indent: 4px;" align="left">129</td></tr> <tr valign="bottom"><td align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">484</td> <td style="border-bottom: #000000 3px double;" align="left"> </td> <td style="border-bottom: #000000 3px double;" align="left">$</td> <td style="border-bottom: #000000 3px double; text-indent: 4px;" align="left">500</td></tr></table></div>   While the Company believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be greater than its accrued position. Accordingly, additional provisions could be recorded in the future as revised estimates are made or the underlying matters are settled or otherwise resolved. In general, the tax years that remain open and subject to federal and state audit examinations are 2009-2011 and 2008-2011, respectively.</div> </div>

15768000

14477000

-4383000

79000

901000

425000

-237000

-1175000

2082000

162000

320000

-297000

130000

1473000

4572000

-465000

32000000

1478000

5752000

11993000

540793000

498600000

27735000

39432000

246872000

406341000

1417000

323897000

688000

2679000

<div> Note 5. Long-Term Debt As of December 31, 2011 and 2010, the Company's outstanding long-term debt consisted of the following: <div> <table border="0" cellspacing="0"> <tr><td width="61%"> </td> <td width="5%"> </td> <td width="14%"> </td> <td width="6%"> </td> <td width="13%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" width="61%" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="14%" align="center">2011</td> <td style="border-bottom: #000000 1px solid;" width="6%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="13%" align="center">2010</td></tr> <tr valign="bottom"><td width="61%" align="left">Credit facility</td> <td width="5%" align="left">$</td> <td width="14%" align="right">324,500</td> <td width="6%" align="left">$</td> <td width="13%" align="right">-</td></tr> <tr valign="bottom"><td width="61%" align="left">Long-term obligation to NTELOS Inc.</td> <td width="5%" align="left"> </td> <td width="14%" align="right">-</td> <td width="6%" align="left"> </td> <td width="13%" align="right">178,616</td></tr> <tr valign="bottom"><td width="61%" align="left">Capital lease obligations</td> <td style="border-bottom: #000000 1px solid;" width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="14%" align="right">2,076</td> <td width="6%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="13%" align="right">2,105</td></tr> <tr valign="bottom"><td width="61%" align="left"> </td> <td width="5%" align="left"> </td> <td width="14%" align="right">326,576</td> <td width="6%" align="left"> </td> <td width="13%" align="right">180,721</td></tr> <tr><td width="99%" colspan="5"> </td></tr> <tr valign="bottom"><td width="61%" align="left">Less: current portion of long term debt</td> <td style="border-bottom: #000000 1px solid;" width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="14%" align="right">2,679</td> <td width="6%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="13%" align="right">688</td></tr> <tr valign="bottom"><td width="61%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="5%" align="left">$</td> <td style="border-bottom: #000000 1px solid;" width="14%" align="right">323,897</td> <td width="6%" align="left">$</td> <td style="border-bottom: #000000 1px solid;" width="13%" align="right">180,033</td></tr></table></div>   <div>Credit Facility</div> On September 8, 2011, Lumos Networks Operating Company, a wholly-owned subsidiary of Lumos Networks, entered into a $370 million post-Business Separation credit facility (the "Credit Facility"). Funding under the Credit Facility occurred upon the effective date of the Business Separation, which was October 31, 2011. The Credit Facility consists of a $60 million senior secured five year revolving credit facility (the "Revolver"), $15 million of which was outstanding as of December 31, 2011; a $110 million senior secured five year amortizing term loan (the "Term Loan A"); and a $200 million senior secured six year amortizing term loan (the "Term Loan B"). The proceeds of the Credit Facility were made available to Lumos Networks Operating Company on the effective date of the Business Separation and were used to fund a working capital cash reserve at Lumos Networks and to pay $315 million to NTELOS Inc. (i) to settle with cash the intercompany debt owed to NTELOS as of the Business Separation date ($177.1 million) and, with the balance, (ii) to fund a mandatory repayment on NTELOS's credit facility resulting from the Business Separation. Pricing of the Lumos Networks Operating Company credit facility is LIBOR plus 3.25% for the Revolver and the Term Loan A and LIBOR plus 3.50% for the Term Loan B. The Credit Facility does not require a minimum LIBOR rate. The Credit Facility is secured by a first priority pledge of substantially all property and assets of Lumos Networks Operating Company and all material subsidiaries, as guarantors, excluding the RLECs. The Credit Facility includes various restrictions and conditions, including covenants relating to leverage and interest coverage ratio requirements. At December 31, 2011, Lumos Networks' leverage ratio (as defined under the credit agreement) was 3.40:1.00 and its interest coverage ratio was 8.10:1.00. The Credit Facility requires that the leverage ratio not exceed 4.00:1.00 through September 30, 2014 (and 3.75:1.00 thereafter) and the interest coverage ratio not be less than 3.25:1:00. The Credit Facility also sets a maximum distributable amount that limits restricted payments, including the payment of dividends. The initial distributable amount was set at $5 million at the date of funding and, on January 1, 2012, the distributable amount was increased by $12 million. For each year thereafter the amount will be increased by the greater of $12 million or 75% of free cash flow (as defined under the credit agreement). The distributable amount is reduced by any restricted payments including dividend payments. The distributable amount as of December 31, 2011 was $5 million. In connection with entering into the Credit Facility, the Company has deferred $4.9 million in debt issuance costs which are being amortized to interest expense over the life of the debt using the effective interest method. Amortization of these costs for the year ended December 31, 2011 was $0.1 million. The aggregate maturities of the Term Loan A and Term Loan B are $2.0 million in 2012, $7.5 million in 2013, $7.5 million in 2014, $13.0 million in 2015, $90.0 million in 2016 and $189.5 million in 2017. The revolver is payable in full in 2016. The Company's blended average interest rate on its long-term debt for the year ended December 31, 2011 was 5.4%. Long-term obligation to NTELOS Inc. Prior to the Business Separation, NTELOS Inc. used a centralized cash management program, where NTELOS Inc. held a majority of the cash for NTELOS Holdings Corp. and its subsidiaries, inclusive of the subsidiaries that now comprise Lumos Networks. NTELOS Inc. funded the majority of cash disbursements and received the majority of cash receipts for all of its subsidiaries. Cash received by NTELOS Inc. and payments made by NTELOS Inc. which related to Lumos Networks were accounted for by the Company as securities and investments or long-term borrowings as appropriate and bore interest at a rate that was substantially equal to NTELOS Inc.'s weighted average interest rate from its total debt, excluding the effect of debt issuance cost and original issue discount amortization. This weighted average interest rate was approximately 3.6% and 5.3% for the year ended December 31, 2011 and 2010, respectively. The long-term obligation to NTELOS Inc. as of December 31, 2010 primarily represents the $162.5 million cash consideration paid for the acquisition of FiberNet on December 1, 2010 and the approximate $27 million cash consideration paid for the Allegheny asset acquisition on December 31, 2009. The Company used the proceeds from its post-Business Separation Credit Facility (described above) to make a payment of $315 million to NTELOS Inc. to satisfy its obligation to NTELOS Inc. at the consummation of the Business Separation. Capital lease obligations In addition to the long-term debt discussed above, the Company has entered into capital leases on vehicles with original lease terms of four to five years. At December 31, 2011, the carrying value and accumulated depreciation of these assets was $2.5 million and $1.0 million, respectively. In addition, the Company has $0.8 million of capital leases primarily on telephony equipment from the FiberNet acquisition. As of December 31, 2011, the total net present value of the Company's future minimum lease payments is $2.1 million. As of December 31, 2011, the principal portion of these capital lease obligations is due as follows: $0.6 million in 2012, $0.6 million in 2013, $0.4 million in 2014, $0.3 million in 2015 and $0.2 million thereafter. </div>

392000

444000

-184000

9330000

152800000

-10082000

-63719000

-211291000

-62768000

54389000

58977000

82908000

23358000

20824000

-43930000

39000

119000

52000

-1373000

-5709000

-11888000

90057000

104835000

243787000

40538000

41129000

-36373000

<div> Note 1. Organization On October 14, 2011, NTELOS Holdings Corp. ("NTELOS") announced a distribution date of October 31, 2011 for the spin-off of all of the issued and outstanding shares of common stock of Lumos Networks, which operated NTELOS's wireline operations (the "Business Separation"). Prior to and in connection with the Business Separation, following the market close on October 31, 2011, NTELOS effectuated a 1-for-2 reverse stock split (the "Reverse Stock Split") of its shares of Common Stock, $0.01 par value (the "Common Stock"). The spin-off of Lumos Networks was in the form of a tax-free stock distribution to NTELOS stockholders of record as of the close of business on October 24, 2011, the record date (the "Distribution"). On October 31, 2011, NTELOS distributed one share of Lumos Networks common stock for every share of NTELOS's common stock outstanding, on a post-Reverse Stock Split basis. In connection with the Business Separation, Lumos Networks paid $315 million to NTELOS on October 31, 2011 (i) to settle with cash the intercompany debt owed to NTELOS as of the Business Separation date ($177.1 million) and, with the balance, (ii) to fund a mandatory repayment on NTELOS's credit facility resulting from the Business Separation. Lumos Networks is a fiber-based network service provider in the Mid-Atlantic region. The Company serves carrier, business and residential customers over a dense fiber network offering data, IP services and voice services utilizing an on-network service strategy. Following a contiguous regional expansion strategy, the Company has expanded from the base rural local exchange carrier ("RLEC") service territory in rural western Virginia to its current six state regional presence including western Virginia, West Virginia, and portions of Pennsylvania, Maryland, Ohio and Kentucky. The Company's growth into a regional service provider has been achieved by pursuing organic growth opportunities and complementary acquisitions. On December 1, 2010, the Company acquired from One Communications Corp. ("OCC") all of the membership interest of Mountaineer Telecommunication, LLC (hereinafter referred to as "FiberNet") for net cash consideration at closing of $162.5 million. FiberNet is a facility-based Competitive Local Exchange Carrier ("CLEC") headquartered in Charleston, West Virginia. FiberNet offers voice, data, and IP-based services in West Virginia and portions of Ohio, Maryland, Pennsylvania, Virginia and Kentucky and had approximately 30,000 customer accounts as of the acquisition date and has an extensive fiber network. The FiberNet network provides enhancements that add diversity and capacity to the Company's combined network of approximately 5,800 route-miles and the increased density provides immediate access to more enterprise customers in new tier two and three markets. NTELOS Inc. funded the acquisition through a combination of a $125 million incremental term loan under its existing senior secured credit facility and cash on hand. The $162.5 million net cash outlay for this purchase transaction was funded by Lumos Networks through an increase to its intercompany obligation with NTELOS Inc., which obligation was settled on October 31, 2011 through the aforementioned $315 million cash payment to NTELOS. Under the terms of the purchase agreement, $5.0 million of the purchase price was put in escrow. <div>The Company finalized its acquisition accounting related to the purchase of FiberNet prior to December 1, 2011 and recorded the following adjustments, which are reflected in the consolidated balance sheet as of December 31, 2010:</div> <div> <table border="0" cellspacing="0"> <tr><td width="57%"> </td> <td width="29%"> </td> <td width="9%"> </td> <td width="3%"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="left"> </td> <td align="right">Increase</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">(decrease)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td></tr> <tr valign="bottom"><td align="left">Assets acquired</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" align="left">Current assets</td> <td align="right">$</td> <td align="right">386</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" align="left">Property, plant and equipment</td> <td align="left"> </td> <td align="right">50</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" align="left">Goodwill</td> <td align="left"> </td> <td align="right">(844</td> <td align="left">)</td></tr> <tr valign="bottom"><td style="text-indent: 10px;" align="left">Total assets acquired</td> <td align="left"> </td> <td align="right">(408</td> <td align="left">)</td></tr> <tr valign="bottom"><td align="left">Liabilities assumed</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" align="left">Current liabilities</td> <td align="left"> </td> <td align="right">(400</td> <td align="left">)</td></tr> <tr valign="bottom"><td style="text-indent: 3px;" align="left">Long-term debt (capital leases)</td> <td align="left"> </td> <td align="right">(8</td> <td align="left">)</td></tr> <tr valign="bottom"><td style="text-indent: 10px;" align="left">Total liabilities assumed</td> <td align="right">$</td> <td align="right">(408</td> <td align="left">)</td></tr></table></div> </div>

1322000

3262000

2196000

6197000

120000

-2847000

77000

5122000

5028000

2551000

2156000

3594000

105000

43000

105000

1238000

2390000

692000

2248000

4854000

184000

162283000

26708000

37011000

40254000

61536000

<div> Note 11. Pension Plans and Other Postretirement Benefits Prior to the Business Separation, a substantial number of the Company's employees were covered by several qualified and nonqualified pension plans and other postretirement benefit plans ("OPEBs") sponsored by NTELOS Inc. Accordingly, the Company was allocated net periodic benefit costs relating to individuals that could be identified as directly supporting the Company. Concurrent with the Business Separation, the Company established its own qualified and nonqualified pension plans and OPEBs for its employees. The Company initially measured the plan as of October 31, 2011 based on actual plan assets transferred to the Company effective upon the Business Separation and the actual plan participants and their respective accrued benefits. In addition to the transfer of the assets and obligations from these plans, the related unrealized actuarial losses from these plans as determined on the October 31, 2011 measurement date was transferred from NTELOS. The Company's total expense recognized for all qualified and nonqualified pension and OPEBs plans discussed below, including those expenses allocated to it prior to the Business Separation, were $2.8 million, $2.4 million and $3.5 million in 2011, 2010 and 2009, respectively. The following tables provide a reconciliation of the changes in the qualified plans' benefit obligations and fair value of assets and a statement of the funded status as of December 31, 2011 and the classification of amounts recognized in the consolidated balance sheets: <div> </div> <div> <table border="0" cellspacing="0"> <tr><td width="57%"> </td> <td width="5%"> </td> <td width="11%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="14%"> </td> <td width="3%"> </td></tr> <tr valign="bottom"><td width="57%" align="left"> </td> <td width="5%" align="left"> </td> <td width="11%" align="center">Defined</td> <td width="3%" align="center"> </td> <td width="5%" align="center"> </td> <td width="14%" align="center">Other</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left"> </td> <td width="5%" align="left"> </td> <td width="11%" align="center">Benefit</td> <td width="3%" align="center"> </td> <td width="5%" align="center"> </td> <td width="14%" align="center">Postretirement</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="11%" align="center">Pension Plan</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="5%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="14%" align="center">Benefit Plans</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left"> </td> <td width="5%" align="left"> </td> <td width="33%" colspan="4" align="center">December 31,</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" width="57%" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="33%" colspan="4" align="center">2011</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Change in benefit obligations:</td> <td width="5%" align="left"> </td> <td width="11%" align="left"> </td> <td width="3%" align="left"> </td> <td width="5%" align="left"> </td> <td width="14%" align="left"> </td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Benefit obligations, October 31, 2011</td> <td width="5%" align="left">$</td> <td width="11%" align="right">60,181</td> <td width="3%" align="left"> </td> <td style="text-indent: 4px;" width="5%" align="left">$</td> <td width="14%" align="right">12,157</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Service cost</td> <td width="5%" align="left"> </td> <td width="11%" align="right">312</td> <td width="3%" align="left"> </td> <td width="5%" align="left"> </td> <td width="14%" align="right">12</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Interest cost</td> <td width="5%" align="left"> </td> <td width="11%" align="right">451</td> <td width="3%" align="left"> </td> <td width="5%" align="left"> </td> <td width="14%" align="right">91</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Actuarial loss</td> <td width="5%" align="left"> </td> <td width="11%" align="right">3,528</td> <td width="3%" align="left"> </td> <td width="5%" align="left"> </td> <td width="14%" align="right">318</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Benefits paid, net</td> <td width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="11%" align="right">(411</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left">)</td> <td width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="14%" align="right">(67</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left">)</td></tr> <tr><td width="98%" colspan="7"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Benefit obligations, end of period</td> <td width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="11%" align="right">64,061</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td> <td width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="14%" align="right">12,511</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td></tr> <tr><td width="98%" colspan="7"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Change in plan assets:</td> <td width="5%" align="left"> </td> <td width="11%" align="left"> </td> <td width="3%" align="left"> </td> <td width="5%" align="left"> </td> <td width="14%" align="left"> </td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Fair value of plan assets, October 31, 2011</td> <td width="5%" align="left">$</td> <td width="11%" align="right">45,531</td> <td width="3%" align="left"> </td> <td width="5%" align="left"> </td> <td width="14%" align="right">-</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Actual return on plan assets</td> <td width="5%" align="left"> </td> <td width="11%" align="right">(11</td> <td width="3%" align="left">)</td> <td width="5%" align="left"> </td> <td width="14%" align="right">-</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Employer contributions</td> <td width="5%" align="left"> </td> <td width="11%" align="right">-</td> <td width="3%" align="left"> </td> <td width="5%" align="left"> </td> <td width="14%" align="right">67</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Benefits paid</td> <td width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="11%" align="right">(411</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left">)</td> <td width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="14%" align="right">(67</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left">)</td></tr> <tr><td width="98%" colspan="7"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Fair value of plan assets, end of period</td> <td width="5%" align="left">$</td> <td style="border-bottom: #000000 1px solid;" width="11%" align="right">45,109</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td> <td width="5%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="14%" align="right">-</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Funded status:</td> <td width="5%" align="left"> </td> <td width="11%" align="left"> </td> <td width="3%" align="left"> </td> <td width="5%" align="left"> </td> <td width="14%" align="left"> </td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Total liability, end of period</td> <td width="5%" align="left">$</td> <td style="border-bottom: #000000 1px solid;" width="11%" align="right">18,952</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td> <td style="text-indent: 4px;" width="5%" align="left">$</td> <td style="border-bottom: #000000 1px solid;" width="14%" align="right">12,511</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td></tr></table></div>   The accumulated benefit obligation for the defined benefit pension plan at December 31, 2011 and October 31, 2011 was $56.5 million and $53.3 million, respectively. The accumulated benefit obligation represents the present value of pension benefits based on service and salary earned to date. The benefit obligation indicated in the table above is the projected benefit obligation which represents the present value of pension benefits taking into account projected future service and salary increases. The Company has classified the projected amount to be paid in 2012 of $1.0 million related to the other postretirement benefit plans and the nonqualified pension plans (discussed below) in current liabilities under the caption "other accrued liabilities" on the Company's consolidated balance sheets at December 31, 2011. The following table provides the components of net periodic benefit cost for the plans for the period November 1, 2011 to December 31, 2011: <div> <table border="0" cellspacing="0"> <tr><td width="50%"> </td> <td width="14%"> </td> <td width="15%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="11%"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="left"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center">Other</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="left"> </td> <td align="center">Defined Benefit</td> <td align="center"> </td> <td align="center"> </td> <td align="center">Postretirement</td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Pension Plan</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Benefit Plans</td></tr> <tr valign="bottom"><td align="left">Components of net periodic benefit cost:</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Service cost</td> <td align="left">$</td> <td align="right">312</td> <td align="left"> </td> <td align="left">$</td> <td align="right">12</td></tr> <tr valign="bottom"><td align="left">Interest cost</td> <td align="left"> </td> <td align="right">452</td> <td align="left"> </td> <td align="left"> </td> <td align="right">91</td></tr> <tr valign="bottom"><td align="left">Expected return on plan assets</td> <td align="left"> </td> <td align="right">(572</td> <td align="left">)</td> <td align="left"> </td> <td align="right">-</td></tr> <tr valign="bottom"><td align="left">Amortization of actuarial loss</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">197</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">-</td></tr> <tr><td colspan="6"> </td></tr> <tr valign="bottom"><td align="left">Net periodic benefit cost</td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">389</td> <td style="border-bottom: #000000 3px double;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">103</td></tr></table></div>   Prior service costs are amortized on a straight-line basis over the average remaining service period of active participants. Gains and losses in excess of 10% of the greater of the benefit obligation and the market-related value of assets are amortized over the average remaining service period of active participants. <div>Unrecognized actuarial losses for the period November 1, 2011 through December 31, 2011 were $4.1 million and $0.3 million for the defined benefit pension plan and the other postretirement benefit plans, respectively. The total amount of unrecognized actuarial losses recorded in accumulated other comprehensive income at December 31, 2011 related to these respective plans was $14.4 million, net of a $9.2 million deferred tax asset, and $0.8 million, net of a $0.5 million deferred tax asset.</div> The assumptions used in the measurements of the Company's benefit obligations at December 31, 2011 and October 31, 2011 are shown in the following table: <div> <table style="width: 686px; height: 159px;" border="0" cellspacing="0"> <tr><td width="33%"> </td> <td width="11%"> </td> <td width="3%"> </td> <td width="11%"> </td> <td width="3%"> </td> <td width="12%"> </td> <td width="3%"> </td> <td width="12%"> </td> <td width="3%"> </td></tr> <tr valign="bottom"><td width="33%" align="left"> </td> <td style="text-indent: 1px;" width="28%" colspan="4" align="center">Defined Benefit Pension Plan</td> <td style="text-indent: 2px;" width="27%" colspan="3" align="center">Other Postretirement Benefit</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="33%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="11%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="3%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="11%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="3%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="27%" colspan="3" align="center">Plans</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="33%" align="left"> </td> <td width="14%" colspan="2" align="center">December 31,</td> <td width="14%" colspan="2" align="center">October 31,</td> <td width="15%" colspan="2" align="center">December 31,</td> <td width="15%" colspan="2" align="center">October 31,</td></tr> <tr valign="bottom"><td width="33%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="14%" colspan="2" align="center">2011</td> <td style="border-bottom: #000000 1px solid;" width="14%" colspan="2" align="center">2011</td> <td style="border-bottom: #000000 1px solid;" width="15%" colspan="2" align="center">2011</td> <td style="border-bottom: #000000 1px solid;" width="15%" colspan="2" align="center">2011</td></tr> <tr valign="bottom"><td width="33%" align="left">Discount rate</td> <td width="11%" align="right">4.30</td> <td width="3%" align="right">%</td> <td style="text-indent: 1px;" width="11%" align="right">4.60</td> <td width="3%" align="right">%</td> <td width="12%" align="right">4.30</td> <td width="3%" align="left">%</td> <td width="12%" align="right">4.60</td> <td width="3%" align="left">%</td></tr> <tr valign="bottom"><td width="33%" align="left">Rate of compensation increase</td> <td width="11%" align="right">3.00</td> <td width="3%" align="right">%</td> <td style="text-indent: 1px;" width="11%" align="right">3.00</td> <td width="3%" align="right">%</td> <td width="12%" align="right">N/A</td> <td width="3%" align="left"> </td> <td width="12%" align="right">N/A</td> <td width="3%" align="left"> </td></tr></table></div>   The assumptions used in the measurements of the Company's net cost for the consolidated statement of operations for the period November 1, 2011 through December 31, 2011 are: <div> <table style="width: 484px; height: 151px;" border="0" cellspacing="0"> <tr><td width="50%"> </td> <td width="20%"> </td> <td width="8%"> </td> <td width="19%"> </td></tr> <tr valign="bottom"><td width="50%" align="left"> </td> <td width="20%" align="center"> </td> <td width="8%" align="center"> </td> <td width="19%" align="center">Other</td></tr> <tr valign="bottom"><td width="50%" align="left"> </td> <td width="28%" colspan="2" align="center">Defined Benefit</td> <td width="19%" align="center">Postretirement</td></tr> <tr valign="bottom"><td width="50%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="28%" colspan="2" align="center">Pension Plan</td> <td style="border-bottom: #000000 1px solid;" width="19%" align="center">Benefit Plans</td></tr> <tr valign="bottom"><td width="50%" align="left">Discount rate</td> <td width="20%" align="center">4.60</td> <td width="8%" align="left">%</td> <td style="text-indent: 3px;" width="19%" align="left">4.60 %</td></tr> <tr valign="bottom"><td width="50%" align="left">Expected return on plan assets</td> <td width="20%" align="center">7.75</td> <td width="8%" align="left">%</td> <td style="text-indent: 3px;" width="19%" align="left">N/A</td></tr> <tr valign="bottom"><td width="50%" align="left">Rate of compensation increase</td> <td width="20%" align="center">3.00</td> <td width="8%" align="left">%</td> <td style="text-indent: 3px;" width="19%" align="left">N/A</td></tr></table></div>   The Company reviews the assumptions noted in the above table annually or more frequently to reflect anticipated future changes in the underlying economic factors used to determine these assumptions. The discount rates assumed reflect the rate at which the Company could invest in high quality corporate bonds in order to settle future obligations. In doing so, the Company utilizes a Citigroup Pension Discount Curve applied against the Company's estimated defined benefit payments to derive a blended rate. The Citigroup Pension Discount Curve is derived from over 350 Aa corporate bonds. The Company also compares this to a Moody's ten year Aa bond index for reasonableness. For measurement purposes, an 7.5% annual rate of increase in the per capita cost of covered health care benefits was assumed for 2012 for the obligation as of December 31, 2011. The rate was assumed to decrease one-half percent per year to a rate of 5.0% for 2017 and remain at that level thereafter. Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plans. The effect of a 1% change on the medical trend rate per future year, while holding all other assumptions constant, to the service and interest cost components of net periodic postretirement health care benefit costs and accumulated postretirement benefit obligation would be a $0.1 million increase and a $1.8 million increase, respectively, for a 1% increase in medical trend rate and a $0.1 million decrease and a $1.4 million decrease, respectively, for a 1% decrease in medical trend rate. In developing the expected long-term rate of return assumption for the assets of the Defined Benefit Pension Plan, the Company evaluated input from its third party pension plan asset managers, including their review of asset class return expectations and long-term inflation assumptions. The Company also considered the related historical ten-year average asset return at December 31, 2011 as well as considering input from the Company's third party pension plan asset managers. The weighted average actual asset allocations by asset category as of December 31, 2011 and the fair value by asset category as of December 31, 2011 and 2010 were as follows: <div> </div> <div> <table border="0" cellspacing="0"> <tr><td width="52%"> </td> <td width="27%"> </td> <td width="3%"> </td> <td width="4%"> </td> <td width="12%"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td colspan="4" align="center">As of December 31, 2011</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="center">Actual</td> <td align="center"> </td> <td align="center"> </td> <td align="center"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">Asset Category (dollars in thousands)</td> <td style="border-bottom: #000000 1px solid;" align="center">Allocation</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Fair Value</td></tr> <tr valign="bottom"><td align="left">Large Cap Value</td> <td align="right">34</td> <td align="left">%</td> <td align="center">$</td> <td align="right">15,088</td></tr> <tr valign="bottom"><td align="left">Large Cap Blend</td> <td align="right">17</td> <td align="left">%</td> <td align="left"> </td> <td align="right">7,536</td></tr> <tr valign="bottom"><td align="left">Mid Cap Blend</td> <td align="right">6</td> <td align="left">%</td> <td align="left"> </td> <td align="right">2,846</td></tr> <tr valign="bottom"><td align="left">Small Cap Blend</td> <td align="right">4</td> <td align="left">%</td> <td align="left"> </td> <td align="right">1,896</td></tr> <tr valign="bottom"><td align="left">Foreign Stock - Large Cap</td> <td align="right">7</td> <td align="left">%</td> <td align="left"> </td> <td align="right">3,040</td></tr> <tr valign="bottom"><td align="left">Bond</td> <td align="right">29</td> <td align="left">%</td> <td align="left"> </td> <td align="right">13,281</td></tr> <tr valign="bottom"><td align="left">Cash and cash equivalents</td> <td style="border-bottom: #000000 1px solid;" align="right">3</td> <td style="border-bottom: #000000 1px solid;" align="left">%</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">1,422</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Total</td> <td style="border-bottom: #000000 3px double;" align="right">100</td> <td style="border-bottom: #000000 3px double;" align="left">%</td> <td style="border-bottom: #000000 3px double;" align="center">$</td> <td style="border-bottom: #000000 3px double;" align="right">45,109</td></tr></table></div>   The actual and target allocation for plan assets is broadly defined and measured as follows: <div> <table border="0" cellspacing="0"> <tr><td width="49%"> </td> <td width="31%"> </td> <td width="3%"> </td> <td width="12%"> </td> <td width="3%"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="center">Actual</td> <td align="center"> </td> <td align="center">Target</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">Asset Category</td> <td style="border-bottom: #000000 1px solid;" align="center">Allocation</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Allocation</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td></tr> <tr valign="bottom"><td align="left">Equity securities</td> <td align="right">67</td> <td align="left">%</td> <td align="right">70</td> <td align="left">%</td></tr> <tr valign="bottom"><td align="left">Bond securities and cash equivalents</td> <td style="border-bottom: #000000 1px solid;" align="right">33</td> <td style="border-bottom: #000000 1px solid;" align="left">%</td> <td style="border-bottom: #000000 1px solid;" align="right">30</td> <td style="border-bottom: #000000 1px solid;" align="left">%</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Total</td> <td style="border-bottom: #000000 3px double;" align="right">100</td> <td style="border-bottom: #000000 3px double;" align="left">%</td> <td style="border-bottom: #000000 3px double;" align="right">100</td> <td style="border-bottom: #000000 3px double;" align="left">%</td></tr></table></div>   It is the Company's policy to invest pension plan assets in a diversified portfolio consisting of an array of asset classes. The investment risk of the assets is limited by appropriate diversification both within and between asset classes. The assets are primarily invested in investment funds that invest in a broad mix of publicly traded equities, bonds and cash equivalents (and fair value is based on quoted market prices ("level 1" input)). The allocation between equity and bonds is reset quarterly to the target allocations. Updates to the allocation are considered in the normal course and changes may be made when appropriate. The bond holdings consist of three bond funds split relatively evenly between these funds at December 31, 2011. At December 31, 2011, the Company believes that there are no material concentrations of risk within the portfolio of plan assets. The assumed long term return noted above is the target long term return. Overall return, risk adjusted return, and management fees are assessed against a peer group and benchmark indices. Reporting on asset performance is provided quarterly and review meetings are held semi-annually. In addition to normal rebalancing to maintain an adequate cash reserve, projected cash flow needs of the plan are reviewed at least annually to ensure liquidity is properly managed. The Company expects to contribute $2.0 million to the pension plan in the first quarter of 2012. The Company expects the net periodic benefit cost for the defined benefit pension plan and the other postretirement benefit plans in 2012 to be $2.7 million (which includes $1.5 million of loss in other comprehensive income expected to be recognized as a component of net period benefit cost) and $0.6 million, respectively. The following estimated future pension benefit payments and other postretirement benefit plan payments which reflect expected future service, as appropriate, are expected to be paid in the years indicated: <div> <table border="0" cellspacing="0"> <tr><td width="54%"> </td> <td width="3%"> </td> <td width="19%"> </td> <td width="3%"> </td> <td width="18%"> </td></tr> <tr valign="bottom"><td width="54%" align="left">(In thousands)</td> <td width="3%" align="left"> </td> <td width="19%" align="left"> </td> <td width="3%" align="left"> </td> <td width="18%" align="center">Other</td></tr> <tr valign="bottom"><td width="54%" align="left"> </td> <td width="3%" align="left"> </td> <td width="19%" align="center">Defined Benefit</td> <td width="3%" align="left"> </td> <td width="18%" align="center">Postretirement</td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" width="54%" align="left">Year</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="19%" align="center">Pension Plan</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="18%" align="center">Benefit Plans</td></tr> <tr valign="bottom"><td width="54%" align="left">2012</td> <td width="3%" align="left">$</td> <td width="19%" align="center">2,611</td> <td width="3%" align="left">$</td> <td width="18%" align="center">603</td></tr> <tr valign="bottom"><td width="54%" align="left">2013</td> <td width="3%" align="left"> </td> <td width="19%" align="center">2,619</td> <td width="3%" align="left"> </td> <td width="18%" align="center">585</td></tr> <tr valign="bottom"><td width="54%" align="left">2014</td> <td width="3%" align="left"> </td> <td width="19%" align="center">2,640</td> <td width="3%" align="left"> </td> <td width="18%" align="center">584</td></tr> <tr valign="bottom"><td width="54%" align="left">2015</td> <td width="3%" align="left"> </td> <td width="19%" align="center">2,745</td> <td width="3%" align="left"> </td> <td width="18%" align="center">581</td></tr> <tr valign="bottom"><td width="54%" align="left">2016</td> <td width="3%" align="left"> </td> <td width="19%" align="center">2,963</td> <td width="3%" align="left"> </td> <td width="18%" align="center">611</td></tr> <tr valign="bottom"><td width="54%" align="left">2017-2021</td> <td width="3%" align="left">$</td> <td width="19%" align="center">16,879</td> <td width="3%" align="left">$</td> <td width="18%" align="center">3,332</td></tr></table></div>   Other Benefit Plans In connection with the Business Separation, NTELOS transferred benefit obligations of $2.5 million related to the Company's employees or former employees into a new supplemental executive retirement plan. In addition, the transfer of the benefit obligation triggered the transfer of a gross unrealized loss of $1.0 million. The projected benefit obligation and the accumulated benefit obligation associated with this plan at December 31, 2011were $4.3 million and $2.5 million, respectively. The Company recognized $0.2 million of expense from previously unrecognized loss related to the supplemental executive retirement plan during the period November 1, 2011 through December 31, 2011. The total balance of unrecognized actuarial losses recorded in accumulated other comprehensive income at December 31, 2011 related to this plan was $1.6 million, net of a $1.0 million deferred tax asset. The estimated future benefit payments, which reflect expected future service, as appropriate, are expected to be $0.1 million annually for each of the years 2012 through 2016 and $1.6 million in aggregate for the years 2017 through 2021. The Company also has certain other nonqualified defined benefit pension plans assumed from a prior merger. The projected benefit obligation related to these plans at December 31, 2011 was $0.9 million, with expected future payments of $0.4 million in 2012 and 2013 and $0.1 million or less thereafter. These nonqualified plans have no plan assets and are also closed to new participants. The Company also sponsors a defined contribution 401(k) plan. The Company's matching contributions to this plan were $0.7 million, $0.5 million and $0.5 million for the year ended December 31, 2011, 2010 and 2009, respectively. Effective June 1, 2009, the Company began funding its 401(k) matching contributions in shares of the Company's common stock (NTELOS common stock prior to the Business Separation). </div>

35728000

0.01

100000

2021000

2278000

9737000

153106000

-14357000

310000000

-54000

30000000

23397000

20943000

-43878000

369278000

419203000

273906000

299958000

328234000

365101000

<div> Note 13. Related Party Transactions Prior to the Business Separation, NTELOS Inc. provided a variety of administrative services to Lumos Networks. Costs of these services were allocated or charged to the Company based on either the actual costs incurred or NTELOS Inc.'s estimate of expenses relative to the services provided to other subsidiaries of NTELOS Inc. The Company believes that these allocations were made on a reasonable basis, and that receiving these services from NTELOS Inc. created cost efficiencies. Lumos Networks management believes that all historical costs of operations have been reflected in the consolidated statements of operations for each period presented, but these costs do not reflect the amount of actual costs the Company would have incurred had it been an independent, publicly traded company prior to October 31, 2011. These services and transactions included the following: <ul> <li>Cash management and other treasury services; </li> <li>Administrative services such as legal, regulatory, tax, employee benefit administration, internal audit, purchasing, accounting, information technology and human resources; </li> <li>Network monitoring; </li> <li>Executive oversight; </li> <li>Equity-based compensation plan administration; and </li> <li>Insurance coverage. </li></ul> Banking and Treasury Functions Prior to the Business Separation, NTELOS Inc. provided cash management and treasury services to the Company. This arrangement provided efficient avenues for liquidity in a structure that minimized or eliminated currency risk to the Company. Interest was charged by both parties based on NTELOS Inc.'s long term debt weighted average borrowing rate excluding the effect of debt issuance cost and original issue discount amortization and was reflected in interest expense on the consolidated statements of operations for the Company. The amount of interest expense related to this arrangement for the period January 1, 2011 through October 31, 2011 and for the years ended December 31, 2010 and 2009 was $9.5 million, $4.9 million and $1.4 million, respectively. Allocation of General and Administrative Corporate Expenses Expenses relating to services provided to the Company by NTELOS Inc. prior to the Business Separation have been allocated to the Company and are reflected in the consolidated financial statements. These services include treasury, accounting, tax, legal, internal audit, human resources, general management, insurance, risk management and other functions such as board of directors and other centrally managed employee benefit arrangements that benefitted the Company's business. The allocations of costs were estimated based on NTELOS Inc.'s employees' percentage of time spent on Lumos Networks matters. The costs that NTELOS Inc. allocated include overhead and other indirect costs. The Company has recorded allocated costs of $7.3 million, $8.0 million and $7.7 million on its consolidated statements of operations for the period January 1, 2011 through October 31, 2011 and for the year ended December 31, 2010 and 2009, respectively, inclusive of certain corporate expenses which were not previously allocated to the segments (Note 2). Additionally, $2.8 million of FiberNet acquisition related costs were allocated to the Company in 2010. Equity-Based Compensation Plan Administration Prior to the Business Separation, Lumos Networks employees participated in the NTELOS Inc. equity incentive plans. NTELOS Inc. has two equity incentive plans administered by the Compensation Committee of NTELOS Holdings Corp's board of directors, which permit the grant of long-term incentives to employees, including stock options, stock appreciation rights, restricted stock awards, restricted stock units, incentive awards, other stock-based awards and dividend equivalents. <div>Total equity-based compensation expense related to all of the share-based awards granted to employees of Lumos Networks and allocated from NTELOS Inc. and NTELOS Inc.'s 401(k) matching contributions for employees of Lumos Networks totaled $2.4 million, $1.5 million and $0.8 million for the years ended December 31, 2011, 2010 and 2009, respectively.</div> </div>

15000000

223000

306000

317000

315000000

500000

8062000

7554000

-57416000

130595000

145964000

207414000

<div> Note 4. Disclosures About Segments of an Enterprise and Related Information The Company manages its business with separate products and services in two segments as described below. Competitive: The Company directly or indirectly owns approximately 5,800 route-miles of fiber optic network which it utilizes to provide high capacity transport, data services and broadband Internet access. The Competitive segment offers services in more than 100 geographic markets as well as transport services to retail and carrier customers across the network that reaches portions of Virginia, West Virginia, southwestern Pennsylvania, Maryland, Ohio and Kentucky. The Competitive segment focuses on providing "on-net" fiber-based services, including integrated voice and data service, Metro Ethernet, dedicated high speed Internet access and carrier transport services. As noted in the RLEC section below, revenue and operating expenses from services sold in the RLEC service areas that relate to unregulated services, such as integrated access, DSL, broadband over fiber and video, are reported in the Competitive segment. The Competitive segment pays the RLEC tariff and prevailing market rates for these services, the revenue and expense of which are eliminated in consolidation. RLEC: The Company has two RLEC businesses subject to the regulations of the State Corporation Commission of Virginia. These businesses serve several areas in western Virginia, are fully integrated and are managed as one consolidated operation. The Company's primary RLEC services are voice services and broadband Internet access but also offers IPTV-based video services and high speed broadband Internet in areas where it has deployed fiber to the home. Revenues and operating expenses related to video and Internet services are reported in the Competitive segment. Revenues from Verizon accounted for approximately 12% of the Company's total revenue for the years ended December 31, 2010 and 2009, respectively. Revenue from Verizon was derived from RLEC and Competitive segments' network access. Summarized financial information concerning the Company's reportable segments is shown in the following table. <div> <table border="0" cellspacing="0"> <tr><td width="37%"> </td> <td width="2%"> </td> <td width="12%"> </td> <td width="3%"> </td> <td width="9%"> </td> <td width="2%"> </td> <td width="3%"> </td> <td width="10%"> </td> <td width="2%"> </td> <td width="3%"> </td> <td width="8%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Competitive</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">RLEC</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Eliminations</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Total</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td></tr> <tr valign="bottom"><td colspan="3" align="left">As of and for the year ended December 31, 2011</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Operating revenues</td> <td align="left">$</td> <td align="right">154,757</td> <td align="left">$</td> <td align="right">52,657</td> <td align="left"> </td> <td align="left">$</td> <td align="right">-</td> <td align="left"> </td> <td align="left">$</td> <td align="right">207,414</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Intersegment revenues(1)</td> <td align="left"> </td> <td align="right">644</td> <td align="left"> </td> <td align="right">4,632</td> <td align="left"> </td> <td align="left"> </td> <td align="right">(5,276</td> <td align="left">)</td> <td align="left"> </td> <td style="text-indent: 7px;" align="right">-</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Depreciation and amortization and</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" align="left">accretion of asset retirement obligations</td> <td align="left"> </td> <td align="right">29,579</td> <td align="left"> </td> <td align="right">13,627</td> <td align="left"> </td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">43,206</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Asset impairment charges</td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="right">86,295</td> <td align="left"> </td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">86,295</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Equity-based compensation expense</td> <td align="left"> </td> <td align="right">1,474</td> <td align="left"> </td> <td align="right">909</td> <td align="left"> </td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">2,383</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Business Separation charges(2)</td> <td align="left"> </td> <td align="right">1,019</td> <td align="left"> </td> <td align="right">339</td> <td align="left"> </td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">1,358</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Acquisition related charges</td> <td align="left"> </td> <td align="right">71</td> <td align="left"> </td> <td align="center">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">71</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Operating (loss) income</td> <td align="left"> </td> <td align="right">29,955</td> <td align="left"> </td> <td align="right">(66,328</td> <td align="left">)</td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">(36,373</td> <td align="left">)</td></tr> <tr><td colspan="12"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Capital expenditures</td> <td align="left"> </td> <td align="right">45,720</td> <td align="left"> </td> <td align="right">15,816</td> <td align="left"> </td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">61,536</td> <td align="left"> </td></tr> <tr><td colspan="12"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Goodwill</td> <td align="left"> </td> <td align="right">100,297</td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">100,297</td> <td align="left"> </td></tr> <tr><td colspan="12"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">Total assets</td> <td align="left">$</td> <td align="right">355,979</td> <td align="left">$</td> <td align="right">142,621</td> <td align="left"> </td> <td align="left">$</td> <td align="right">-</td> <td align="left"> </td> <td align="left">$</td> <td align="right">498,600</td> <td align="left"> </td></tr></table></div>   (1) Intersegment revenues consist primarily of telecommunications services such as local exchange services, inter-city and local transport voice and data services, and leasing of various network elements. Intersegment revenues are primarily recorded at tariff and prevailing market rates. (2) Business Separation charges include audit, legal and other professional fees incurred during the period related to the Company's separation from NTELOS Holdings Corp. into a separate publicly traded company (Note 1). These charges are included in corporate operations expense on the statement of operations. <div> </div> <div> <table border="0" cellspacing="0"> <tr><td width="40%"> </td> <td width="2%"> </td> <td width="12%"> </td> <td width="2%"> </td> <td width="10%"> </td> <td width="2%"> </td> <td width="12%"> </td> <td width="3%"> </td> <td width="2%"> </td> <td width="8%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 1px;" width="40%" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="12%" align="center">Competitive</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="10%" align="center">RLEC</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="12%" align="center">Eliminations</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="8%" align="center">Total</td></tr> <tr valign="bottom"><td width="54%" colspan="3" align="left">As of and for the year ended December 31, 2010</td> <td width="2%" align="left"> </td> <td width="10%" align="left"> </td> <td width="2%" align="left"> </td> <td width="12%" align="left"> </td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Operating revenues</td> <td width="2%" align="left">$</td> <td width="12%" align="right">88,471</td> <td width="2%" align="left">$</td> <td width="10%" align="right">57,493</td> <td width="2%" align="right">$</td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left">$</td> <td width="8%" align="right">145,964</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Intersegment revenues(1)</td> <td width="2%" align="left"> </td> <td width="12%" align="right">1,036</td> <td width="2%" align="left"> </td> <td width="10%" align="right">4,254</td> <td width="2%" align="left"> </td> <td width="12%" align="right">(5,290</td> <td width="3%" align="left">)</td> <td width="2%" align="left"> </td> <td width="8%" align="right">-</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Depreciation and amortization and</td> <td width="2%" align="left"> </td> <td width="12%" align="left"> </td> <td width="2%" align="left"> </td> <td width="10%" align="left"> </td> <td width="2%" align="left"> </td> <td width="12%" align="left"> </td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" width="40%" align="left">accretion of asset retirement obligations</td> <td width="2%" align="left"> </td> <td width="12%" align="right">17,272</td> <td width="2%" align="left"> </td> <td width="10%" align="right">14,104</td> <td width="2%" align="left"> </td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="right">31,376</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Equity-based compensation expense</td> <td width="2%" align="left"> </td> <td width="12%" align="right">816</td> <td width="2%" align="left"> </td> <td width="10%" align="right">713</td> <td width="2%" align="left"> </td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="right">1,529</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Acquisition related charges(2)</td> <td width="2%" align="left"> </td> <td width="12%" align="right">3,020</td> <td width="2%" align="left"> </td> <td width="10%" align="right">-</td> <td width="2%" align="left"> </td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="right">3,020</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Operating income</td> <td width="2%" align="left"> </td> <td width="12%" align="right">16,208</td> <td width="2%" align="left"> </td> <td width="10%" align="right">24,921</td> <td width="2%" align="left"> </td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="right">41,129</td></tr> <tr><td width="93%" colspan="10"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Capital expenditures</td> <td width="2%" align="left"> </td> <td width="12%" align="right">27,950</td> <td width="2%" align="left"> </td> <td width="10%" align="right">12,304</td> <td width="2%" align="left"> </td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="right">40,254</td></tr> <tr><td width="93%" colspan="10"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Goodwill</td> <td width="2%" align="left"> </td> <td width="12%" align="right">100,297</td> <td width="2%" align="left"> </td> <td width="10%" align="right">33,438</td> <td width="2%" align="left"> </td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="right">133,735</td></tr> <tr><td width="93%" colspan="10"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Total assets</td> <td width="2%" align="left">$</td> <td width="12%" align="right">345,259</td> <td width="2%" align="left">$</td> <td width="10%" align="right">195,534</td> <td width="2%" align="right">$</td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left">$</td> <td width="8%" align="right">540,793</td></tr> <tr><td width="93%" colspan="10"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 1px;" width="40%" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="12%" align="center">Competitive</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="10%" align="center">RLEC</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="12%" align="center">Eliminations</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="8%" align="center">Total</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">For the year ended December 31, 2009</td> <td width="2%" align="left"> </td> <td width="12%" align="left"> </td> <td width="2%" align="left"> </td> <td width="10%" align="left"> </td> <td width="2%" align="left"> </td> <td width="12%" align="left"> </td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Operating revenues</td> <td width="2%" align="left">$</td> <td width="12%" align="right">71,086</td> <td width="2%" align="left">$</td> <td width="10%" align="right">59,509</td> <td width="2%" align="right">$</td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left">$</td> <td width="8%" align="right">130,595</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Intersegment revenues(1)</td> <td width="2%" align="left"> </td> <td width="12%" align="right">963</td> <td width="2%" align="left"> </td> <td width="10%" align="right">4,216</td> <td width="2%" align="left"> </td> <td width="12%" align="right">(5,179</td> <td width="3%" align="left">)</td> <td width="2%" align="left"> </td> <td width="8%" align="right">-</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Depreciation and amortization and</td> <td width="2%" align="left"> </td> <td width="12%" align="left"> </td> <td width="2%" align="left"> </td> <td width="10%" align="left"> </td> <td width="2%" align="left"> </td> <td width="12%" align="left"> </td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" width="40%" align="left">accretion of asset retirement obligations</td> <td width="2%" align="left"> </td> <td width="12%" align="right">13,760</td> <td width="2%" align="left"> </td> <td width="10%" align="right">14,959</td> <td width="2%" align="left"> </td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="right">28,719</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Equity-based compensation expense</td> <td width="2%" align="left"> </td> <td width="12%" align="right">346</td> <td width="2%" align="left"> </td> <td width="10%" align="right">448</td> <td width="2%" align="left"> </td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="right">794</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Operating income</td> <td width="2%" align="left"> </td> <td width="12%" align="right">13,704</td> <td width="2%" align="left"> </td> <td width="10%" align="right">26,834</td> <td width="2%" align="left"> </td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="right">40,538</td></tr> <tr><td width="93%" colspan="10"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Capital expenditures</td> <td width="2%" align="left"> </td> <td width="12%" align="right">26,075</td> <td width="2%" align="left"> </td> <td width="10%" align="right">10,936</td> <td width="2%" align="left"> </td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="right">37,011</td></tr> <tr valign="bottom"><td style="text-indent: 1px;" width="40%" align="left">Acquisition of assets from Allegheny</td> <td width="2%" align="left"> </td> <td width="12%" align="left"> </td> <td width="2%" align="left"> </td> <td width="10%" align="left"> </td> <td width="2%" align="left"> </td> <td width="12%" align="left"> </td> <td width="3%" align="left"> </td> <td width="2%" align="left"> </td> <td width="8%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" width="40%" align="left">Energy, Inc.</td> <td width="2%" align="left">$</td> <td width="12%" align="right">26,708</td> <td width="2%" align="left">$</td> <td width="10%" align="right">-</td> <td width="2%" align="right">$</td> <td width="12%" align="right">-</td> <td width="3%" align="left"> </td> <td width="2%" align="left">$</td> <td width="8%" align="right">26,708</td></tr></table></div>   (1) Intersegment revenues consist primarily of telecommunications services such as local exchange services, inter-city and local transport voice and data services, and leasing of various network elements.  ntersegment revenues are primarily recorded at tariff and prevailing market rates. (2) Acquisition related charges include legal and other professional fees incurred during 2010 related to the Company's acquisition of the FiberNet business from One Communications Corp., which closed on December 1, 2010. </div>

794000

1529000

2383000

<div> Note 3. Significant Accounting Policies Accounting Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Additionally, the financial information included herein may not necessarily reflect the Company's financial position, results of operations and cash flows in the future or what the Company's financial position, results of operations and cash flows would have been had Lumos Networks been an independent, publicly traded company through October 31, 2011. Lumos Networks' management believes that all historical costs of operations have been reflected in the consolidated financial statements. Principles of Consolidation The consolidated financial statements principally represent the financial results reflected by NTELOS constituting the companies comprising the Competitive and RLEC wireline segments for all periods prior to the Business Separation on October 31, 2011. All significant intercompany accounts and transactions have been eliminated. These financial results as of and for the periods prior to the date of the Business Separation have been adjusted to reflect certain corporate expenses which were not previously allocated to the segments. These allocations primarily represent corporate support functions, including but not limited to accounting, human resources, information technology and executive management, as well as corporate legal and professional fees, including audit fees, and equity-based compensation expense related to equity-based awards granted to employees in corporate support functions. These additional expenses for the ten months ended October 31, 2011 were $2.6 million and for the years ended December 31, 2010 and 2009 were $5.1 million (inclusive of $2.8 million of FiberNet acquisition-related costs) and $1.8 million, respectively. The Company believes that these costs would not have been materially different had they been calculated on a standalone basis. However, such expenses may not be indicative of the actual level of expense and exclude certain expenses that would have been incurred by the Company if it had operated as an independent, publicly traded company or of the costs expected to be incurred in the future. Refer to Note 13 for further information regarding allocated expenses. Revenue Recognition The Company recognizes revenue when services are rendered or when products are delivered, installed and functional, as applicable. Certain services of the Company require payment in advance of service performance. In such cases, the Company records a service liability at the time of billing and subsequently recognizes revenue ratably over the service period. The Company bills customers certain transactional taxes on service revenues. These transactional taxes are not included in reported revenues as they are recognized as liabilities at the time customers are billed. The Company earns revenue by providing access to and usage of its networks. Local service revenues are recognized as services are provided. Wholesale revenues are earned by providing switched access and other switched and dedicated services, including wireless roamer management, to other carriers. Revenues for equipment sales are recognized at the point of sale. The Company periodically makes claims for recovery of access charges on certain minutes of use terminated by the Company on behalf of other carriers. The Company recognizes revenue in the period that it is able to estimate the amount and when the collection of such amount is considered probable. Cash and Cash Equivalents/Centralized Cash Management Systems The Company considers its investment in all highly liquid debt instruments with an original maturity of three months or less to be cash equivalents. The Company places its temporary cash investments with high credit quality financial institutions with a maturity date of not greater than 90 days from acquisition and all are investments held by commercial banks. At times, such investments may be in excess of the FDIC insurance limit. The commercial bank that holds significantly all of the Company's cash at December 31, 2011 has maintained a high rating by Standard & Poor's and Moody's. At December 31, 2011 and 2010, the Company did not have any cash equivalents. As of December 31, 2011, all of the Company's cash was held in non-interest bearing deposit accounts which are fully insured by the FDIC. Total interest income related to cash was negligible for the years ended December 31, 2011, 2010 and 2009. Prior to the Business Separation, NTELOS Inc. used a centralized cash management program where NTELOS Inc. held a majority of the cash for NTELOS and its subsidiaries, including Lumos Networks. NTELOS Inc. funded the majority of cash disbursements and received the majority of cash receipts for all of its subsidiaries. Cash received by NTELOS Inc. and payments made by NTELOS Inc. which related to Lumos Networks were accounted for by the Company as due to/from NTELOS Inc. and were classified as a non-current asset or long-term borrowing as appropriate and bore interest at a rate that was substantially equal to NTELOS Inc.'s weighted average long-term borrowing rate excluding the effect of debt issuance cost and original issue discount amortization (for balances due to NTELOS Inc.) and NTELOS Inc.'s average earnings rate (for amounts due from NTELOS Inc.). Restricted Cash During 2010, the Company received a federal broadband stimulus award to bring broadband services and infrastructure to Alleghany County, Virginia. The total project is $16.1 million, of which 50% (approximately $8 million) is being funded by a grant from the federal government. The project is expected to be completed in or before 2013. The Company was required to deposit 100% of its portion for the grant (approximately $8 million) into a pledged account in advance of any reimbursements, which can be drawn down ratably following the grant reimbursement approvals which are contingent on adherence to the program requirements. The Company received $0.5 million in the fourth quarter of 2011 for the reimbursable portion of the qualified recoverable expenditures through September 30, 2011, and the Company has a $2.4 million receivable for the reimbursable portion of the qualified recoverable expenditures through December 31, 2011. At December 31, 2011, the Company reduced its pledged account to $7.6 million. This escrow account is a non-interest bearing, fully insured account with its primary commercial bank. Trade Accounts Receivable The Company sells its services to residential and commercial end-users and to other communication carriers primarily in Virginia, West Virginia and in parts of Maryland, Pennsylvania, Ohio and Kentucky. The Company has credit and collection policies to maximize collection of trade receivables and requires deposits on certain sales. The Company maintains an allowance for doubtful accounts based on historical results, current and expected trends and changes in credit policies. Management believes the allowance adequately covers all anticipated losses with respect to trade receivables. Actual credit losses could differ from such estimates. The Company includes bad debt expense in customer operations expense in the consolidated statements of operations. Bad debt expense for the years ended December 31, 2011, 2010 and 2009 was $1.0 million, $0.3 million and $0.1 million, respectively. The Company's allowance for doubtful accounts was $2.8 million and $2.1 million as of December 31, 2011 and 2010, respectively. Property, Plant and Equipment and Other Long-Lived Assets Long-lived assets include property, plant and equipment, long-term deferred charges, goodwill and intangible assets to be held and used. Long-lived assets, excluding goodwill and intangible assets with indefinite useful lives, are recorded at cost and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount should be evaluated pursuant to the subsequent measurement guidance described in Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 360-10-35. Impairment is determined by comparing the carrying value of these long-lived assets to management's best estimate of future undiscounted cash flows expected to result from the use of the assets. If the carrying value exceeds the estimated undiscounted cash flows, the excess of the asset's carrying value over the estimated fair value is recorded as an impairment charge. Goodwill, franchise rights and radio spectrum licenses are indefinite-lived intangible assets. Indefinite-lived intangible assets are not subject to amortization but are instead tested for impairment annually or more frequently if an event indicates that the asset might be impaired. The Company policy is to assess the recoverability of indefinite-lived assets annually on October 1 and whenever adverse events or changes in circumstances indicate that impairment may have occurred. The Company performed its impairment testing related to its RLEC and Competitive business segments' indefinite lived intangible assets, goodwill and long-lived assets, including these segments' amortizable intangible assets, as of October 1, 2011. However, a significant update was required on October 27, 2011 based on actions taken by the Federal Communications Commission ("FCC"). On this date, the FCC adopted, but did not release, an order comprehensively reforming its Universal Service Fund and intercarrier compensation systems. On November 18, 2011, the FCC released the order. In the order, the FCC determined that interstate and intrastate access charges, as well as local reciprocal compensation, should be eliminated entirely over time. The Company updated its future revenue and cash flow projections based on our understanding of the order at this time. In addition to this, actions were taken or we project will be taken by carriers relating to network interconnections and interconnection rates which had or are projected to have a significant impact to our future access revenues. In performing the impairment testing as of October 27, 2011, the Company's projections reflected estimations of all of the above factors. The franchise rights in the RLEC reporting unit largely reflects the value associated with revenues generated from its customers (including other carriers with which the Company interconnects) and future customers based on being the incumbent local exchange carrier and tandem access provider in these rural markets. The Company utilized the Greenfield cash flow valuation method in its impairment testing for this asset. The Greenfield method is an income approach which isolates value to the specific assets being valued and then compares the values to the calculated enterprise value as a validity test. The method is based on a number of assumptions under a start-up scenario but considers the Company's future projects in modeling the operating results as the business matures. The Company used a two-step process to test for goodwill impairment for its Competitive and RLEC business segments. Step one requires a determination of the fair value of each of the reporting units and, to the extent that the fair value of the reporting unit exceeds its carrying value (including goodwill), the step two calculation of implied fair value of goodwill is not required and no impairment loss is recognized. In testing for goodwill impairment, the Company utilizes a combination of a discounted cash flow model and an analysis which allocates enterprise value to the reporting units. Based on its ASC 360-10-35 testing, the Company determined that both the goodwill on the RLEC segment and the RLEC franchise rights were fully impaired. Accordingly, the Company recorded a $65.4 million asset impairment charge ($53.0 million after tax), which is included in the line item "asset impairment charges" on the consolidated statement of operations for the year ended December 31, 2011. The Company determined that there was no impairment of the Competitive segment goodwill as the fair value of the reporting unit substantially exceeded its carrying value. The Company performed recovery testing of its long-lived tangible and finite-lived intangible assets as of October 27, 2011 utilizing the methodology noted above in ASC 360-10-35. The Company passed step one of this recoverability testing and therefore, no further testing for impairment of these assets on either segment was considered necessary. However, on October 31, 2011, in connection with the Business Separation and the related transfer of all of the wireline assets in the tax-free exchange, the Company assessed the fair value of the asset groups transferred. To the extent that the carrying value of each of the asset groups exceeds their fair value, a pro-rata writedown of these assets is required. Although the RLEC segment assets passed the undiscounted cash flow recoverability test in ASC 360-10-35, the fair value of the RLEC segment assets was determined to be lower than the carrying value by $20.9 million ($12.7 million net of tax) and an impairment charge was recorded for the amount of this difference. The asset impairment charge is included in the line item "asset impairment charges" on the consolidated statement of operations for the year ended December 31, 2011. The allocation of this charge was as follows: <div> <table border="0" cellspacing="0"> <tr><td width="73%"> </td> <td width="15%"> </td> <td width="10%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" width="73%" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" width="15%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="10%" align="center">2011</td></tr> <tr valign="bottom"><td width="73%" align="left">Property, Plant and Equipment</td> <td width="15%" align="left">$</td> <td width="10%" align="right">16,032</td></tr> <tr valign="bottom"><td width="73%" align="left">Customer Intangible</td> <td width="15%" align="left"> </td> <td width="10%" align="right">4,661</td></tr> <tr valign="bottom"><td width="73%" align="left">Trademark</td> <td style="border-bottom: #000000 1px solid;" width="15%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="10%" align="right">164</td></tr> <tr valign="bottom"><td width="73%" align="left">Total impairment</td> <td style="border-bottom: #000000 1px solid;" width="15%" align="left">$</td> <td style="border-bottom: #000000 3px double;" width="10%" align="right">20,857</td></tr></table></div>   The following table presents the activity in goodwill for the years ended December 31, 2011 and 2010. <div> <table border="0" cellspacing="0"> <tr><td width="43%"> </td> <td width="3%"> </td> <td width="8%"> </td> <td width="3%"> </td> <td width="10%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="10%"> </td> <td width="2%"> </td> <td width="4%"> </td> <td width="7%"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" colspan="6" align="center">2011</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">2010</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="left"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center">Accumulated</td> <td align="center"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center"> </td> <td align="center"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="left"> </td> <td align="center">Gross</td> <td align="center"> </td> <td align="center">Impairment</td> <td align="center"> </td> <td align="center"> </td> <td align="center">Net</td> <td align="center"> </td> <td align="center"> </td> <td align="center"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Goodwill</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Loss</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Goodwill</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">Goodwill</td></tr> <tr valign="bottom"><td align="left">Beginning balance</td> <td align="left">$</td> <td align="center">133,735</td> <td align="left">$</td> <td align="right">-</td> <td align="left"> </td> <td align="left">$</td> <td align="right">133,735</td> <td align="left"> </td> <td align="left">$</td> <td align="right">49,341</td></tr> <tr valign="bottom"><td align="left">Excess of cash paid over value of tangible assets</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">acquired from the FiberNet business (Competitive</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 1px;" align="left">segment)</td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td> <td align="left"> </td> <td align="right">84,394</td></tr> <tr valign="bottom"><td align="left">Impairment of goodwill in the RLEC segment</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">-</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">(33,438</td> <td style="border-bottom: #000000 1px solid;" align="left">)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">(33,438</td> <td style="border-bottom: #000000 1px solid;" align="left">)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">-</td></tr> <tr valign="bottom"><td align="left">Ending balance</td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="center">133,735</td> <td style="border-bottom: #000000 3px double;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">(33,438</td> <td style="border-bottom: #000000 3px double;" align="left">)</td> <td style="border-bottom: #000000 3px double;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">100,297</td> <td style="border-bottom: #000000 3px double;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="center">133,735</td></tr></table></div>   Depreciation of property, plant and equipment is calculated on a straight-line basis over the estimated useful lives of the assets, which the Company reviews and updates based on historical experiences and future expectations. Intangibles with a finite life are classified as other intangibles on the consolidated balance sheets. At December 31, 2011 and 2010, other intangibles were comprised of the following: <div> <table border="0" cellspacing="0"> <tr><td width="23%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="9%"> </td> <td width="2%"> </td> <td width="11%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="8%"> </td> <td width="2%"> </td> <td width="10%"> </td> <td width="3%"> </td></tr> <tr valign="bottom"><td width="23%" align="left"> </td> <td width="15%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="22%" colspan="3" align="center">2011</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="8%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="10%" align="center">2010</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="23%" align="left"> </td> <td width="15%" align="left"> </td> <td width="2%" align="left"> </td> <td width="9%" align="center">Gross</td> <td width="13%" colspan="2" align="center">Accumulated</td> <td width="2%" align="center"> </td> <td width="2%" align="center"> </td> <td width="8%" align="center">Gross</td> <td width="2%" align="center"> </td> <td width="10%" align="center">Accumulated</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" width="23%" align="left">(Dollars in thousands)</td> <td style="border-bottom: #000000 1px solid;" width="15%" align="center">Estimated Life</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="9%" align="center">Amount</td> <td style="border-bottom: #000000 1px solid;" width="13%" colspan="2" align="center">Amortization</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="8%" align="center">Amount</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="10%" align="center">Amortization</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="23%" align="left">Customer relationships</td> <td width="15%" align="center">3 to 15 yrs</td> <td width="2%" align="left">$</td> <td width="9%" align="right">103,153</td> <td width="2%" align="center">$</td> <td width="11%" align="right">(59,286</td> <td width="2%" align="left">)</td> <td width="2%" align="left">$</td> <td width="8%" align="right">107,809</td> <td style="text-indent: 1px;" width="2%" align="left">$</td> <td width="10%" align="right">(45,186</td> <td width="3%" align="left">)</td></tr> <tr valign="bottom"><td width="23%" align="left">Trademarks</td> <td width="15%" align="center">0.5 to 15 yrs</td> <td width="2%" align="left"> </td> <td width="9%" align="right">3,186</td> <td width="2%" align="left"> </td> <td width="11%" align="right">(1,884</td> <td width="2%" align="left">)</td> <td width="2%" align="left"> </td> <td width="8%" align="right">3,350</td> <td width="2%" align="left"> </td> <td width="10%" align="right">(1,125</td> <td width="3%" align="left">)</td></tr> <tr valign="bottom"><td width="23%" align="left">Non-compete agreement</td> <td width="15%" align="center">2 yrs</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="9%" align="right">1,100</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="11%" align="right">(572</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="left">)</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="8%" align="right">1,100</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="10%" align="right">(44</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left">)</td></tr> <tr valign="bottom"><td width="23%" align="left">Total</td> <td width="15%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="2%" align="left">$</td> <td style="border-bottom: #000000 3px double;" width="9%" align="right">107,439</td> <td style="border-bottom: #000000 3px double;" width="2%" align="center">$</td> <td style="border-bottom: #000000 3px double;" width="11%" align="right">(61,742</td> <td style="border-bottom: #000000 3px double;" width="2%" align="left">)</td> <td style="border-bottom: #000000 1px solid;" width="2%" align="left">$</td> <td style="border-bottom: #000000 3px double;" width="8%" align="right">112,259</td> <td style="border-bottom: #000000 3px double; text-indent: 1px;" width="2%" align="left">$</td> <td style="border-bottom: #000000 3px double;" width="10%" align="right">(46,355</td> <td style="border-bottom: #000000 3px double;" width="3%" align="left">)</td></tr></table></div>   <div> </div> The Company amortizes its finite-lived intangible assets using the straight-line method unless it determines that another systematic method is more appropriate. The amortization for the FiberNet customer relationship intangible is being amortized using an accelerated amortization method based on the pattern of estimated earnings from these assets. The estimated life of amortizable intangible assets is determined from the unique factors specific to each asset and the Company reviews and updates estimated lives based on current events and future expectations. The Company capitalizes costs incurred to renew or extend the term of a recognized intangible asset and amortizes such costs over the remaining life of the asset. No such costs were incurred during the years ended December 31, 2011, 2010 or 2009. Amortization expense for the years ended December 31, 2011, 2010 and 2009 was $15.4 million, $8.6 million and $7.4 million, respectively. Amortization expense for the next five years is expected to be as follows: <div> <table style="width: 651px; height: 178px;" border="0" cellspacing="0"> <tr><td width="29%"> </td> <td width="4%"> </td> <td width="15%"> </td> <td width="4%"> </td> <td width="13%"> </td> <td width="4%"> </td> <td width="13%"> </td> <td width="4%"> </td> <td width="9%"> </td></tr> <tr valign="bottom"><td width="29%" align="left"> </td> <td width="4%" align="center"> </td> <td width="15%" align="center">Customer</td> <td width="4%" align="center"> </td> <td width="13%" align="center"> </td> <td width="4%" align="center"> </td> <td width="13%" align="center"> </td> <td width="4%" align="center"> </td> <td width="9%" align="center"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" width="29%" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" width="4%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="15%" align="center">Relationships</td> <td style="border-bottom: #000000 1px solid;" width="4%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="13%" align="center">Trademarks</td> <td style="border-bottom: #000000 1px solid;" width="4%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="13%" align="center">Non-Compete</td> <td style="border-bottom: #000000 1px solid;" width="4%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="9%" align="center">Total</td></tr> <tr valign="bottom"><td width="29%" align="left">2012</td> <td width="4%" align="right">$</td> <td width="15%" align="right">10,450</td> <td width="4%" align="right">$</td> <td style="text-indent: 7px;" width="13%" align="right">159</td> <td width="4%" align="right">$</td> <td width="13%" align="center">528</td> <td width="4%" align="right">$</td> <td width="9%" align="right">11,137</td></tr> <tr valign="bottom"><td width="29%" align="left">2013</td> <td width="4%" align="right"> </td> <td width="15%" align="right">9,664</td> <td width="4%" align="right"> </td> <td style="text-indent: 7px;" width="13%" align="right">159</td> <td width="4%" align="right"> </td> <td width="13%" align="center">-</td> <td width="4%" align="left"> </td> <td width="9%" align="right">9,823</td></tr> <tr valign="bottom"><td width="29%" align="left">2014</td> <td width="4%" align="right"> </td> <td width="15%" align="right">9,028</td> <td width="4%" align="right"> </td> <td style="text-indent: 7px;" width="13%" align="right">159</td> <td width="4%" align="right"> </td> <td width="13%" align="center">-</td> <td width="4%" align="left"> </td> <td width="9%" align="right">9,187</td></tr> <tr valign="bottom"><td width="29%" align="left">2015</td> <td width="4%" align="right"> </td> <td width="15%" align="right">4,647</td> <td width="4%" align="right"> </td> <td style="text-indent: 7px;" width="13%" align="right">159</td> <td width="4%" align="right"> </td> <td width="13%" align="center">-</td> <td width="4%" align="left"> </td> <td width="9%" align="right">4,806</td></tr> <tr valign="bottom"><td width="29%" align="left">2016</td> <td width="4%" align="right">$</td> <td width="15%" align="right">2,416</td> <td width="4%" align="right">$</td> <td style="text-indent: 7px;" width="13%" align="right">159</td> <td width="4%" align="right">$</td> <td width="13%" align="center">-</td> <td width="4%" align="right">$</td> <td width="9%" align="right">2,575</td></tr></table></div>   Accounting for Asset Retirement Obligations An asset retirement obligation is evaluated and recorded as appropriate on assets for which the Company has a legal obligation to retire. The Company records a liability for an asset retirement obligation and the associated asset retirement cost at the time the underlying asset is acquired. Subsequent to the initial measurement of the asset retirement obligation, the obligation is adjusted at the end of each period to reflect the passage of time and changes in the estimated future cash flows underlying the obligation. The Company enters into various facility co-location agreements and is subject to locality franchise ordinances. The Company constructs assets at these locations and, in accordance with the terms of many of these agreements, the Company is obligated to restore the premises to their original condition at the conclusion of the agreements, generally at the demand of the other party to these agreements. The Company recognizes the fair value of a liability for an asset retirement obligation and capitalizes that cost as part of the cost basis of the related asset, depreciating it over the useful life of the related asset. Included in certain of the franchise ordinances under which the RLECs and CLECs operate are clauses that require the removal of the RLEC's and CLEC's equipment at the termination of the franchise agreement. The Company has not recognized an ARO for these liabilities as the removal of the equipment is not estimable due to an indeterminable end date and the fact that the equipment is part of the public switched telephone network and it is not reasonable to assume the jurisdictions would require its removal. The following table indicates the changes to the Company's asset retirement obligation liability, which is included in other long-term liabilities, for the years ended December 31, 2011 and 2010: <div> <table border="0" cellspacing="0"> <tr><td width="58%"> </td> <td width="4%"> </td> <td width="17%"> </td> <td width="3%"> </td> <td width="4%"> </td> <td width="8%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" width="58%" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" width="4%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="17%" align="center">2011</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="4%" align="center"> </td> <td style="border-bottom: #000000 1px solid;" width="8%" align="center">2010</td></tr> <tr valign="bottom"><td width="58%" align="left">Asset retirement obligations, beginning</td> <td width="4%" align="left">$</td> <td width="17%" align="right">1,070</td> <td width="3%" align="left"> </td> <td width="4%" align="left">$</td> <td width="8%" align="right">865</td></tr> <tr valign="bottom"><td width="58%" align="left">Asset retirement obligations acquired from purchase of</td> <td width="4%" align="left"> </td> <td width="17%" align="left"> </td> <td width="3%" align="left"> </td> <td width="4%" align="left"> </td> <td width="8%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" width="58%" align="left">FiberNet</td> <td width="4%" align="left"> </td> <td width="17%" align="right">-</td> <td width="3%" align="left"> </td> <td width="4%" align="left"> </td> <td width="8%" align="right">105</td></tr> <tr valign="bottom"><td width="58%" align="left">Additional asset retirement obligations recorded, net of</td> <td width="4%" align="left"> </td> <td width="17%" align="left"> </td> <td width="3%" align="left"> </td> <td width="4%" align="left"> </td> <td width="8%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" width="58%" align="left">adjustments in estimates</td> <td width="4%" align="left"> </td> <td width="17%" align="right">(72</td> <td width="3%" align="left">)</td> <td width="4%" align="left"> </td> <td width="8%" align="right">89</td></tr> <tr valign="bottom"><td width="58%" align="left">Accretion of asset retirement obligations</td> <td style="border-bottom: #000000 1px solid;" width="4%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="17%" align="right">116</td> <td style="border-bottom: #000000 1px solid;" width="3%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="4%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="8%" align="right">11</td></tr> <tr valign="bottom"><td width="58%" align="left">Asset retirement obligations, ending</td> <td style="border-bottom: #000000 1px solid;" width="4%" align="left">$</td> <td style="border-bottom: #000000 3px double;" width="17%" align="right">1,114</td> <td style="border-bottom: #000000 3px double;" width="3%" align="left"> </td> <td style="border-bottom: #000000 1px solid;" width="4%" align="left">$</td> <td style="border-bottom: #000000 3px double;" width="8%" align="right">1,070</td></tr></table></div>   Deferred Financing Costs The Company incurred and paid $4.9 million of issuance costs related to the $370 million post-Business Separation credit facility, which was funded on October 31, 2011. These costs were deferred and are being amortized over the life of the related debt instrument using the effective interest method (Note 5). <div>Advertising Costs</div> The Company expenses advertising costs and marketing production costs as incurred (included within customer operations expenses in the consolidated statements of operations). Advertising expense for the years ended December 31, 2011, 2010 and 2009 was $0.9 million, $0.5 million and $0.6 million, respectively. Pension Benefits and Retirement Benefits Other Than Pensions Prior to the Business Separation, Lumos Networks participated in several qualified and nonqualified pension plans and other postretirement benefit plans ("OPEBs") sponsored by NTELOS Inc. On the effective date of the Business Separation, Lumos Networks assumed its portion of the assets and liabilities for these pension benefits and OPEBs. Lumos Networks sponsors a non-contributory defined benefit pension plan ("Pension Plan") covering all employees who meet eligibility requirements and were employed by NTLEOS prior to October 1, 2003. The Pension Plan was closed to NTELOS employees hired on or after October 1, 2003. Pension benefits vest after five years of plan service and are based on years of service and an average of the five highest consecutive years of compensation subject to certain reductions if the employee retires before reaching age 65 and elects to receive the benefit prior to age 65. Sections 412 and 430 of the Internal Revenue Code and ERISA Sections 302 and 303 establish minimum funding requirements for defined benefit pension plans. The minimum required contribution is generally equal to the target normal cost plus the shortfall amortization installments for the current plan year and each of the six preceding plan years less any calculated credit balance. If plan assets (less calculated credits) are equal to or exceed the funding target, the minimum required contribution is the target normal cost reduced by the excess funding, but not below zero. The Company's policy is to make contributions to stay at or above the threshold required in order to prevent benefit restrictions and related additional notice requirements and is intended to provide not only for benefits based on service to date, but also for those expected to be earned in the future. Also, Lumos Networks has nonqualified pension plans that are accounted for similar to its Pension Plan. Lumos Networks provides certain health care and life benefits for retired employees that meet eligibility requirements. The Company has two qualified nonpension postretirement benefit plans. The health care plan is contributory, with participants' contributions adjusted annually. The life insurance plan is also contributory. These obligations, along with all of the pension plans and other post retirement benefit plans, are assumed by the Company. Eligibility for the life insurance plan is restricted to active pension participants age 50-64 as of January 5, 1994. Neither plan is eligible to employees hired after April 1993. The accounting for the plans anticipates that the Company will maintain a consistent level of cost sharing for the benefits with the retirees. The Company's share of the projected costs of benefits that will be paid after retirement is generally being accrued by charges to expense over the eligible employees' service periods to the dates they are fully eligible for benefits. Lumos Networks sponsors a contributory defined contribution plan under Internal Revenue Code Section 401(k) for substantially all employees. In connection with the Business Separation, NTELOS transferred to the Company's 401(k) plan an amount equal to the account balances of the Company's employees and former employees in NTELOS's 401(k) plan. Each of the Company's participating employees was credited for all service accrued with NTELOS prior to such transfer for all purposes under the Company's 401(k) plan. The Company's policy is to match 100% of each participant's annual contributions for contributions up to 1% of each participant's annual compensation and 50% of each participant's annual contributions up to an additional 5% of each participant's annual compensation. Company contributions vest after two years of service. Operating Leases The Company has operating leases for administrative office space and equipment, certain of which have renewal options. These leases, with few exceptions, provide for automatic renewal options and escalations that are either fixed or based on the consumer price index. Any rent abatements, along with rent escalations, are included in the computation of rent expense calculated on a straight-line basis over the lease term. The Company's minimum lease term for most leases includes the initial non-cancelable term and at least one renewal period to the extent that the exercise of the related renewal option or options is reasonably assured. A renewal option or options is determined to be reasonably assured if failure to renew the leases imposes an in-substance economic penalty on the Company. Leasehold improvements are depreciated over the shorter of the assets' useful life or the lease term, including renewal option periods that are reasonably assured. <div>Income Taxes</div> Deferred income taxes are provided on an asset and liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company accrues interest and penalties related to unrecogn ized tax benefits in interest expense and income tax expense, respectively. Prior to the Business Separation, the Company's income taxes were included in the NTELOS consolidated federal income tax return and certain unitary or consolidated state income tax returns of NTELOS Holdings Corp. However, the Company's income taxes were calculated and provided for on an "as if separate" tax return basis. Equity-based Compensation The Company accounts for share-based employee compensation plans under FASB ASC 718, Stock Compensation. Equity-based compensation expense from share-based equity awards is recorded with an offsetting increase to additional paid-in capital on the consolidated balance sheet. For equity awards with only service conditions, the Company recognizes compensation cost on a straight-line basis over the requisite service period for the entire award. Equity awards prior to the Business Separation were granted in NTELOS stock instruments and the related expense was allocated to the Company. Unvested NTELOS stock instruments were converted to commensurate Lumos Networks stock instruments in connection with and at the time of the Business Separation. The fair value of the common stock options granted during the years ended December 31, 2011, 2010 and 2009 was estimated at the respective measurement date using the Black-Scholes option-pricing model with assumptions related to risk-free interest rate, expected volatility, dividend yield and expected terms. Total equity-based compensation expense related to all of the share-based awards (Note 8) for the years ended December 31, 2011, 2010 and 2009 and the Company's 401(k) matching contributions was allocated as follows: <div> <table border="0" cellspacing="0"> <tr><td width="39%"> </td> <td width="10%"> </td> <td width="12%"> </td> <td width="7%"> </td> <td width="12%"> </td> <td width="8%"> </td> <td width="8%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="center">2011</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">2010</td> <td style="border-bottom: #000000 1px solid;" align="center"> </td> <td style="border-bottom: #000000 1px solid;" align="center">2009</td></tr> <tr valign="bottom"><td align="left">Cost of sales and services</td> <td align="left">$</td> <td align="right">314</td> <td align="left">$</td> <td align="right">230</td> <td align="left">$</td> <td align="right">148</td></tr> <tr valign="bottom"><td align="left">Customer operations</td> <td align="left"> </td> <td align="right">419</td> <td align="left"> </td> <td align="right">297</td> <td align="left"> </td> <td align="right">143</td></tr> <tr valign="bottom"><td align="left">Corporate operations</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">1,650</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">1,002</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">503</td></tr> <tr valign="bottom"><td align="left">Equity-based compensation expense</td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">2,383</td> <td style="border-bottom: #000000 3px double;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">1,529</td> <td style="border-bottom: #000000 3px double;" align="left">$</td> <td style="border-bottom: #000000 3px double;" align="right">794</td></tr></table></div>   Future charges for equity-based compensation related to instruments outstanding at December 31, 2011 for the years 2012 through 2015 are estimated to be $2.1 million, $1.3 million, $0.4 million and $0.1 million, respectively. Pro Forma Earnings per Share (Unaudited) The Company computes pro forma earnings per share based on the weighted number of shares of common stock and dilutive potential common share equivalents outstanding. Prior to the Business Separation, the Company did not have any common stock outstanding and therefore, pro forma earnings per share is calculated based on the two month post-Business Separation period beginning November 1, 2011 and ending December 31, 2011 for 2011 and is not applicable for prior years. Recent Accounting Pronouncements In June 2011, the FASB issued Accounting Standards Update ("ASU") 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. This ASU increases the prominence of other comprehensive income in financial statements. Under this ASU, an entity will have the option to present the components of net income and comprehensive income in either one or two consecutive financial statements. The ASU eliminates the option in U.S. GAAP to present other comprehensive income in the statement of changes in equity. An entity should apply this ASU retrospectively. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted. The Company will apply the requirements of this ASU to its financial statements for the fiscal year beginning January 1, 2012. </div>

265794000

52383000

280612000

280194000

418000

280194000

272954000

272681000

273000

272681000

266186000

265794000

392000

265794000

52827000

-16840000

126427000

212000

444000

52383000

-57416000

<div> Note 8. Stockholders' Equity On February 23, 2012, the Company's board of directors declared a quarterly dividend on its common stock in the amount of $0.14 per share, which is to be paid on April 12, 2012 to stockholders of record on March 14, 2012. <div>Prior to the Business Separation, the Company did not have any common stock outstanding. As such, basic earnings per share for the year ended December 31, 2011 is computed on a pro forma basis by dividing net loss by the weighted average number of common shares outstanding during the two month post-Business Separation period beginning November 1, 2011 and ending December 31, 2011, as if such shares had been outstanding for the entire year. Diluted earnings per share is calculated in a similar manner, but includes the dilutive effect of actual stock options and restricted shares outstanding as of December 31, 2011. Since these securities are anti-dilutive, they are excluded from the calculation of earnings per share at December 31, 2011.</div> The computations of pro forma basic and diluted loss per share for the year ended December 31, 2011 is as follows (Unaudited): <div> <table border="0" cellspacing="0"> <tr><td width="79%"> </td> <td width="8%"> </td> <td width="8%"> </td> <td width="3%"> </td></tr> <tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left">(In thousands)</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="center">2011</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td></tr> <tr valign="bottom"><td align="left">Numerator:</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Loss applicable to common shares for earnings-per-share computation</td> <td style="border-bottom: #000000 1px solid;" align="left">$</td> <td style="border-bottom: #000000 1px solid;" align="right">(43,930</td> <td style="border-bottom: #000000 1px solid;" align="left">)</td></tr> <tr><td colspan="4"> </td></tr> <tr valign="bottom"><td align="left">Denominator:</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Total shares outstanding</td> <td align="left"> </td> <td align="right">21,170</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Less: unvested shares</td> <td align="left"> </td> <td align="right">(352</td> <td align="left">)</td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Less: effect of calculating weighted average shares</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">(3</td> <td style="border-bottom: #000000 1px solid;" align="left">)</td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Denominator for basic earnings per common share - weighted average shares</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" align="left">outstanding</td> <td align="left"> </td> <td align="right">20,815</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Plus: weighted average unvested shares</td> <td align="left"> </td> <td align="right">-</td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Plus: common stock equivalents of stock options exercised</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">-</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 2px;" align="left">Denominator for diluted earnings per common share – weighted average shares</td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" align="left">outstanding</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td> <td style="border-bottom: #000000 1px solid;" align="right">20,815</td> <td style="border-bottom: #000000 1px solid;" align="left"> </td></tr></table></div>   For the year ended December 31, 2011, the denominator for diluted loss per common share is equal to the denominator for basic loss per common share because the addition of unvested shares or other common stock equivalents would be anti-dilutive (416 at December 31, 2011). </div>

-152008000

-14113000

-138107000

212000

-152008000

12000

685000

EX-101.SCH 15 cik0001520744-20111231.xsd XBRL TAXONOMY EXTENSION SCHEMA 00100 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - Consolidated Statements Of Operations link:presentationLink link:calculationLink link:definitionLink 00300 - Statement - Consolidated Statements Of Cash Flows link:presentationLink link:calculationLink link:definitionLink 00400 - Statement - Consolidated Statements Of Equity link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document And Entity Information link:presentationLink link:calculationLink link:definitionLink 00105 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00305 - Statement - Consolidated Statements Of Cash Flows (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00405 - Statement - Consolidated Statements Of Equity (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - Organization link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - Relationship With NTELOS link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - Disclosures About Segments Of An Enterprise And Related Information link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - Long-Term Debt link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - Supplementary Disclosures Of Cash Flow Information link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - Financial Instruments link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 10901 - Disclosure - Stock Plans link:presentationLink link:calculationLink link:definitionLink 11001 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 11101 - Disclosure - Pension Plans And Other Postretirement Benefits link:presentationLink link:calculationLink link:definitionLink 11201 - Disclosure - Commitments And Contingencies link:presentationLink link:calculationLink link:definitionLink 11301 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 16 cik0001520744-20111231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 17 cik0001520744-20111231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 18 cik0001520744-20111231_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document And Entity Information [Abstract] Document And Entity Information [Abstract] Statement [Table] Statement [Line Items] Document Type Amendment Flag Document Period End Date Document Fiscal Year Focus Document Fiscal Period Focus Entity Registrant Name Entity Central Index Key Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Entity Well-known Seasoned Issuer Entity Current Reporting Status Entity Voluntary Filers Entity Public Float Consolidated Balance Sheets [Abstract] Assets [Abstract] Assets Cash and Cash Equivalents, at Carrying Value End of year Beginning of year Cash Cash and Cash Equivalents, at Carrying Value, Total Restricted Cash and Cash Equivalents, Current Restricted cash Accounts Receivable, Net, Current Accounts receivable, net of allowance of $2,822 ($2,117 in 2010) Accounts Receivable, Net, Current, Total Other Receivables Other receivables Prepaid Expense and Other Assets, Current Prepaid expenses and other Prepaid Expense and Other Assets, Current, Total Assets, Current Total Current Assets Cost Method Investments Securities and Investments Property, Plant and Equipment, Net [Abstract] Property, Plant and Equipment Land and buildings. Land and Buildings Land and buildings Property, Plant and Equipment, Other, Gross Network plant and equipment Total in service Furniture and Fixtures, Gross Furniture, fixtures and other equipment Property Plant And Equipment In Service Property Plant And Equipment In Service Total in service Construction in Progress, Gross Under construction Property, Plant and Equipment, Gross Property, Plant and Equipment, Gross, Ending Balance Property, Plant and Equipment, Gross, Beginning Balance Property Plant and Equipment, Gross Property, plant and equipment, gross Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Ending Balance Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Beginning Balance Less accumulated depreciation Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Total Property, Plant and Equipment, Net Property, Plant and Equipment, Net, Ending Balance Property, Plant and Equipment, Net, Beginning Balance Property Plant and Equipment, Net Property, plant and equipment, net Assets, Noncurrent [Abstract] Other Assets Goodwill Goodwill, Ending Balance Goodwill, Beginning Balance Goodwill Goodwill, Total Indefinite-Lived Franchise Rights Franchise rights Finite-Lived Intangible Assets, Net Other intangibles, less accumulated amortization of $61,742 ($46,355 in 2010) Finite-Lived Intangible Assets, Net, Total Other Assets, Noncurrent Deferred charges and other assets Other Assets, Noncurrent, Total Other Assets, Subtotal Other Assets, Subtotal Total other assets Assets Total assets Liabilities and Equity Long-term Debt, Current Maturities Current portion of long-term debt Long-term Debt, Current Maturities, Total Accounts Payable, Current Accounts payable Accounts Payable, Current, Total Dividends payable Customer Advances and Deposits, Current Advance billings and customer deposits Customer Advances and Deposits, Current, Total Employee-related Liabilities, Current Accrued compensation Employee-related Liabilities, Current, Total Accrual for Taxes Other than Income Taxes, Current Accrued operating taxes Other Accrued Liabilities, Current Other accrued liabilities Liabilities, Current Total current liabilities Long-term Liabilities Long-term debt Long-term Debt, Total Due to Affiliate, Noncurrent Obligation to NTELOS Inc. Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent Retirement benefits Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent, Total Deferred Tax Liabilities, Noncurrent Deferred income taxes Other Liabilities, Noncurrent Other long-term liabilities Other Liabilities, Noncurrent, Total Accrued Income Taxes, Noncurrent Income tax payable Liabilities, Noncurrent Total long term liabilities Commitments and Contingencies, Commitments and Contingencies Stockholders' Equity Attributable to Parent [Abstract] Equity Preferred Stock, Value, Issued Preferred Stock, Value, Issued, Ending Balance Preferred Stock, Value, Issued, Beginning Balance Preferred stock, par value $0.01 per share, authorized 100 shares; 0 issued and outstanding in 2011 and 2010 Preferred Stock, Value, Issued, Total Common Stock, Value, Issued Common Stock, Value, Issued, Ending Balance Common Stock, Value, Issued, Beginning Balance Common stock, par value $0.01 per share, authorized 55,000 shares; 21,235 shares issued and 21,170 shares outstanding (0 shares issued and outstanding in 2010) and outstanding (7 shares issued and outstanding in 2010 Additional paid in capital Additional Paid in Capital, Ending Balance Additional Paid in Capital, Beginning Balance Additional Paid in Capital, Total Retained Earnings (Accumulated Deficit) Retained Earnings (Accumulated Deficit), Ending Balance Retained Earnings (Accumulated Deficit), Beginning Balance Accumulated deficit Retained Earnings (Accumulated Deficit), Total Accumulated Other Comprehensive Income (Loss), Net of Tax Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance Accumulated other comprehensive loss Accumulated Other Comprehensive Income (Loss), Net of Tax, Total Business equity. Business Equity Business equity Stockholders' Equity Attributable to Parent Balance Balance Total Lumos Networks Corp. Stockholders' Equity Total Lumos Networks Corp. Stockholders' Equity Stockholders' Equity Attributable to Noncontrolling Interest Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance Stockholders' Equity Attributable to Noncontrolling Interest, Beginning Balance Noncontrolling interests Stockholders' Equity Attributable to Noncontrolling Interest, Total Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Balance Balance Total stockholders' equity LiabilitiesAndStockholdersEquity Total liabilities and stockholders' equity Allowance for Doubtful Accounts Receivable, Current Allowance for Doubtful Accounts Receivable, Current, Ending Balance Allowance for Doubtful Accounts Receivable, Current, Beginning Balance Accounts receivable, allowance Finite-Lived Intangible Assets, Accumulated Amortization Other intangibles, accumulated amortization Preferred Stock, Par or Stated Value Per Share Preferred stock, par value Preferred Stock, Shares Authorized Preferred stock, shares authorized Preferred Stock, Shares Issued Preferred stock, shares issued Preferred Stock, Shares Issued, Total Preferred Stock, Shares Outstanding Preferred Stock, Shares Outstanding, Ending Balance Preferred Stock, Shares Outstanding, Beginning Balance Preferred stock, shares outstanding Common Stock, Par or Stated Value Per Share Common stock, par value Common Stock, Shares Authorized Common stock, shares authorized Common Stock, Shares, Issued Balance, shares Balance, Shares Common stock, shares issued Common Stock, shares issued, Total Common Stock, Shares, Outstanding Common Stock, Shares, Outstanding, Ending Balance Common Stock, Shares, Outstanding, Beginning Balance Common stock, shares outstanding Consolidated Statements Of Operations [Abstract] Revenues Operating Revenues Revenues, Total Operating Expenses [Abstract] Operating Expenses Cost of Goods and Services Sold Cost of sales and services (exclusive of items shown separately below) Cost of Goods and Services Sold, Total Customer operations. Customer Operations Customer operations Corporate operations. Corporate Operations Corporate operations Depreciation and Amortization and Accretion of Asset Retirement obligations Depreciation and amortization Depreciation, Depletion and Amortization, Nonproduction, Total Asset Impairment Charges Asset impairment charges Asset Impairment Charges, Total Asset Retirement Obligation, Accretion Expense Accretion of asset retirement obligations Operating Expenses Total Operating Expenses Operating Income (Loss) Operating (Loss) Income Nonoperating Income (Expense) [Abstract] Other Income (Expenses) Interest Expense Interest expense Interest expense Interest Expense, Total Other Nonoperating Income (Expense) Other income, net Other Nonoperating Income (Expense), Total Nonoperating Income (Expense) Total Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest Income (Loss) From Continuing Operations Before Taxes Income Tax Expense (Benefit) Income Tax (Benefit) Expense Income Tax Expense (Benefit), Total Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Net (Loss) Income Net (loss) income Net Income (Loss) Attributable to Noncontrolling Interest Net Income Attributable to Noncontrolling Interests Net Income Attributable to Noncontrolling Interests Net Income (Loss) Attributable to Noncontrolling Interest, Total Net Income (Loss) Attributable to Parent Net (loss) income attributable to Lumos Networks Corp. Net (Loss) Income Attributable to Lumos Networks Corp. Basic and Diluted Earnings per Common Share Attributable to Lumos Networks Corp. Stockholders: Pro Forma Basic and Diluted (Loss) Earnings per Common Share Attributable to Lumos Networks Corp. Stockholders: Basic and diluted earnings per share proforma. Basic and Diluted Earnings Per Share ProForma Pro Forma (Loss) Earnings per Share - Basic and Diluted Weighted average basic and diluted shares outstanding proforma. Weighted Average Basic and Diluted Shares Outstanding ProForma Pro forma weighted average shares outstanding - basic and diluted Common stock, dividends, per share, declared Cash Dividends Declared per Share - Common Stock Consolidated Statements Of Cash Flows [Abstract] Net Cash Provided by (Used in) Operating Activities [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 (loss) income to net cash provided by operating activities: Depreciation Depreciation Depreciation, Total Amortization of Intangible Assets Other intangibles, accumulated amortization Amortization of Intangible Assets, Total Amortization Deferred Income Tax Expense (Benefit) Deferred income taxes Deferred Income Tax Expense (Benefit), Total Share-based Compensation Equity-based compensation expense Share-based Compensation, Total Amortization of loan origination costs. Amortization of Loan Origination Costs Amortization of loan origination costs Other Noncash Income (Expense) Retirement benefits and other Retirement benefits and other Other Noncash Income (Expense), Total Increase (Decrease) in Operating Capital [Abstract] Changes in assets and liabilities from operations: Increase (Decrease) in Accounts Receivable (Increase) decrease in accounts receivable (Increase) decrease in accounts receivable Increase (Decrease) in Other Current Assets Decrease (increase) in other current assets Increase in other current assets Changes in income taxes Changes in Income Taxes Changes in income taxes Increase (Decrease) in Accounts Payable (Decrease) in accounts payable Increase in accounts payable Increase (Decrease) in Accounts Payable, Total Increase (Decrease) in Other Current Liabilities Increase in other current liabilities Increase (Decrease) in Pension and Postretirement Obligations Retirement benefit contributions and distributions Increase (Decrease) in Pension and Postretirement Obligations, Total Net Cash Provided by (Used in) Operating Activities Net cash provided by operating activities Net Cash Provided by (Used in) Investing Activities [Abstract] Cash flows from investing activities Payments to Acquire Property, Plant, and Equipment Purchases of property, plant and equipment Purchases of property, plant and equipment Payments to Acquire Property, Plant, and Equipment, Total Payments to Acquire Businesses, Net of Cash Acquired Purchase of FiberNet, net of cash acquired of $221 and working capital and other adjustments of $6,440 Purchase of FiberNet, net of cash acquired of $221 and working capital and other adjustments of $6,440 Payments to Acquire Businesses, Net of Cash Acquired, Total Payments to Acquire Machinery and Equipment Acquisition of assets from Allegheny Energy, Inc. Acquisition of assets from Allegheny Energy, Inc. Payments to Acquire Productive Assets, Total Pledged deposit for rural utilities service grants. Pledged Deposit for Rural Utilities Service Grants Pledged deposit for Rural Utilities Service grant Pledged Deposit For Rural Utilities Service Grants Return of pledged deposit for rural utilities service grant. Return of Pledged Deposit for Rural Utilities Service Grant Return of pledged deposit for Rural Utilities Service grant Cash reimbursement received from rural utilities service grant. Cash Reimbursement Received from Rural Utilities Service Grant Cash reimbursement received from Rural Utilities Service grant Payments for (Proceeds from) Other Investing Activities Other Other Net Cash Provided by (Used in) Investing Activities Net cash used in investing activities Net Cash Provided by (Used in) Financing Activities [Abstract] Cash flows from financing activities Proceeds from Issuance of Long-term Debt Proceeds from issuance of long-term debt Proceeds from Issuance of Long-term Debt, Total Proceeds from (Repayments of) Lines of Credit Proceeds from issuance of revolving credit facility Proceeds from (Repayments of) Lines of Credit, Total Payments of Debt Issuance Costs Payment of debt issuance costs Payment of debt issuance costs Repayments of Other Debt Cash paid to NTELOS Inc. associated with the Business Separation Cash paid to NTELOS Inc. associated with the Business Separation Repayments of Secured Debt Payments on senior secured term loans Repayments on senior secured term loans Repayments of Lines of Credit Payments on revolving credit facility Payments on revolving credit facility Proceeds from Contributions from Affiliates (Payment to) borrowings from NTELOS Inc., net Payments to Noncontrolling Interests Capital distributions to noncontrolling interests Capital distributions to noncontrolling interests Repayments of Long-term Capital Lease Obligations Payments under capital lease obligations Payments under capital lease obligations Proceeds from (Payments for) Other Financing Activities Other Net Cash Provided by (Used in) Financing Activities Net cash (used in) provided by financing activities Net cash (used in) provided by financing activities Cash and Cash Equivalents, Period Increase (Decrease) (Decrease) increase in cash Increase in cash Cash and Cash Equivalents, at Carrying Value [Abstract] Cash: Cash Acquired from Acquisition Purchase of FiberNet, cash acquired Purchase of business, working capital and other adjustments. Purchase of Business, Working Capital and Other Adjustments Purchase of FiberNet, working capital and other adjustments Consolidated Statements Of Equity [Abstract] Statement, Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Business equity. Business Equity [Member] Business Equity [Member] Common Stock [Member] Common Stock [Member] Additional Paid In Capital [Member] Additional Paid-In Capital [Member] Retained Earnings [Member] Accumulated Deficit [Member] Parent [Member] Total Lumos Networks Corp. Stockholders' Equity [Member] Noncontrolling Interest [Member] Noncontrolling Interests [Member] Allocation of business equity in connection with business separation. Allocation of Business Equity in Connection with Business Separation Allocation of beginning of year business equity in connection with the Business Separation Stockholders' Equity Note, Spinoff Transaction Spin-off from NTELOS Holdings Corp. Stockholders equity shares spin off transaction. Stockholders Equity Shares Spin off Transaction Spin-off from NTELOS Holdings Corp. shares Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition Equity-based compensation expense Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition, Total Stock Issued During Period, Value, New Issues Restricted shares issued, shares issued through the employee stock purchase plan and 401(k) matching contributions and stock options exercised Stock Issued During Period, Shares, New Issues Restricted shares issued, shares issued through the employee stock purchase plan and 401(k) matching contributions and stock options exercised, shares Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders Capital distributions to noncontrolling interests Common shares reacquired through restricted stock forfeits. Common Shares Reacquired through Restricted Stock Forfeits Common shares reacquired through restricted stock forfeits Dividends, Cash Cash dividends declared ($0.14 per share) Cash dividends declared ($0.14 per share) Dividends, Cash, Total Dividends paid to subsidiary company Dividends paid to subsidiary company. Dividends paid to NTELOS Communications Inc. Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] Comprehensive (Loss) Income: Unrecognized Loss (Net) from Define Benefit Plans, Net of Deferred Income Tax Unrecognized loss (net) from defined benefit plans, net of $10,798 of deferred income tax asset Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Pension Cost, Net of Tax Amortization of unrecognized loss from defined benefit plans, net of $77 of deferred income tax asset Comprehensive Income (Loss), Net of Tax, Attributable to Parent Comprehensive (loss) income attributable to Lumos Networks Corp. Comprehensive (loss) income attributable to Lumos Networks Corp. Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest Comprehensive income attributable to noncontrolling interests Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest, Total Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Comprehensive income attributable to noncontrolling interests Total Comprehensive Income /(Loss) Unrecognized loss (net) from define benefit plans, deferred income tax. Unrecognized Loss (Net) from Define Benefit Plans, Deferred Income Tax Unrecognized loss (net) from define benefit plans, deferred income tax Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Pension Cost, Tax Effect Amortization of unrecognized loss from defined benefit plans, deferred income tax asset Organization [Abstract] Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Organization Relationship with former parent Relationship With NTELOS [Abstract] Relationship with former parent Relationship with Former Parent Disclosure [Text Block] Relationship With NTELOS Significant Accounting Policies [Abstract] Significant Accounting Policies [Text Block] Significant Accounting Policies Disclosures About Segments Of An Enterprise And Related Information [Abstract] Segment Reporting Disclosure [Text Block] Disclosures About Segments Of An Enterprise And Related Information Long-Term Debt [Abstract] Long-term Debt [Text Block] Long-Term Debt Supplementary Disclosures Of Cash Flow Information [Abstract] Cash Flow, Supplemental Disclosures [Text Block] Supplementary Disclosures Of Cash Flow Information Financial Instruments [Abstract] Fair Value Disclosures [Text Block] Financial Instruments Stockholders' Equity [Abstract] Stockholders' Equity Note Disclosure [Text Block] Stockholders' Equity Stock Plans[Abstract] Disclosure of Compensation Related Costs, Share-based Payments [Text Block] Stock Plans EX-101.PRE 19 cik0001520744-20111231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 20 g283580tx26.jpg GRAPHIC begin 644 g283580tx26.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@!:@)H`P$1``(1`0,1`?_$`/X``0`"`@,!`0$````` M```````'"`8)`@,%!`$*`0$``@,!`0$!`0```````````P0!`@4&!P@)"A`` M``4$``(""PD*"@<""@L```$"`P4$!@<($0DA$C$3%-055I=X&3E902*6UA?7 M&)B:43(CL].451:WV&%"4C,DU;976)EQ)34V-S@*@321P=%BDU0F9[@ZL9+2 M0U-C949W*'D1``("`0(#`P<%"0@.!P,-```!`@,$$04A$@8Q$P=!46%Q(C(4 M@9$C,Q6AL4)2*SP^-$A*1U=E?_V@`,`P$``A$#$0`_`-T/*8Y47+7SURV=,LRYGTAU MOR;E;).#+4NR_L@7CC&WINZKPN:434/2<]/R]93.54C*5[WOW75F:E*,`;#O M0CX`+=\ MCWU1W+\\VRQ?Q-0`-J8````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````*$;%?LIN@`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`7 MS4.3+-)69/CWY:FK+`=BG8A,_'75MIZQTYDTJ^.OBUF2HXK;[JZLGR=Q. MV5<*XVIZ.O65U?&6D8J:E)J.K7N1',&TQG<*7/L1&;!6.[B"R[HJ+&NJZ7_# M-!50=[TU2W1JLNNM.OBJ6\T7<_4.I2Q&%'G6U/6(V6ED9&&959@K!ED1>FY< MJQ>7VW>Y-I*M0YG*2:?/'WJ]'SJ.ANJYN_*QFM+L*KO;U+V555R\RMFY:)52 MBTX6:\D]5R2D8M4\SK0NBQU"96K=EK&H;'N/(]?AZ'D:VEN>DE*K*L;%.SE7 MCM=JU,`U=M'>)13)O-Q[]"W4O)-)-H6:DD>'"7>XU$/I+2J=?Y'E8^/?S)P[JW*<(XZGSJ/+&UV0Y;' M]'H]7-)2:CC%_,-LRY,J[>UU\92UUA]9\`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`/-B0 MF<9.LMJ"=M+JS94C%T74QVR!@JZ>3'U=M6[+W"I"E1]!(R#%;4(-/40OB1G) MMJAOV9?C;$I7NF=L=$TWK5'GLKC+A&VVJ'&R%7-*+U3BFFE#FJ[9\"G-WG2J MNRJ,W+1\JBY*OO6N,JZ79PC99I#]]Y2O-JQ>>[N$-3,CT5QTUY0-=8;>3UR#TR[6V[6T]L7/"W901K5/443=?3)IW6 MWNL:5IX&.KL6W6[IUALFQY'L[/N]>XOOH.,FI8.-=8XQ:] MDYOW+U_W[EL`6/(:C8YQ-F27S;B-N]+=Q17V#E9N=8HHF8A;\N"[+EB[YCY. M"4AJC:J7UR+;[?<[2EF25-OR]OW+IW)W:OO*\S#Z@^RI5\+._LLQZ;Z'CQA' MGE>U45V70?"Q]\X*E0C M+EU5G.I1L;5?(I-3&:L6^^6VQHCSO=\R6+A< MK363D0E*$JJVGHY*4)1[4M4^)#2W?=EX]2;R,#!AF9$=&G5C3K[Z%TT]&H2J M]M>7E\AY=Q6H5J-NN0+&]+;%I.WW-5%Z24 M;;U7$6ZS2VDPNN2JJJ&R?:0HFNNM)I*C7D4V[?/=827V;"=D':^$.>JR%-D. M9Z)SA99"+BM9:R3TTXEVK;\R_+HP*:Y2SV4;>27M) M./-'7(L&;[:?;*WN_C?!V>K,R#?+-DP^26;;C"F*&OE^J.Y?GFV6+^)J`!M3`````````````````````````` M`````````````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`FZ&=AZF3E;GQ)!W/'WE25\!1N> M$XRGC5R-.VP\^A+;Z.':S,D\"EVG*^'Z7WC;,R4GG9G6&3N%2>LN;%MP,&B, MW+LC)W4VZP;YOPVO:U?/S:W=5TO74EIM73UV)>NSDMGFRNC"*[)0Y'S:Q]E- MM<'VZ[\U'7*VL>61]O4=3AZUHR1MN2G;;N M&QY"2;R'-7U:/ZMFQ;CT53/1Z&JA/7=:ZJB'+Z5HACX/2NT;G.6+7TIU#D;F M[H>W\=&=\LFNNJ,6I59%KGW&19?I#1.2E.+1U=_SE',WG>=L@\N_?NF:-J>/ M)J$,6RJAXKLMZN9GP]OSS*,Z7W$T%-C#8NI MUC^2&<9N..E9.?9Q?8-U6[=CTM"TKSE?`.4DA)L);*I)/;R6:D<228M;)8L3 MHS(VC*2AN-O5N[9Z@N,5CY=.WPIDI+AJY8]BBHQU6C11WBN-NX;"\.R=N M+MO2U>!;.7"3OAE66<4_>UA)2T\'%JP3"Z$S^ M!Y"XE7!&HF&LEU^:G;SIHE%L*<\+.T"[?43IUA([0E?X,SZPSTS..V8/5%&9 M[-FZ96U3Q]./-'%JR87.6GN7?O\`TUC[6\>34(8ME5'PLK+7)N-N+RKXA0J3MYWR\FO$^+9# M1#F(162N8VG7&RD3$!MIFS5+.$#DBBR;B>VY:LM##]-`VWE#$4+1WUX3K[-R M3<$%'K>B+B>H>X:17$R?:>)M0K8%^3]G;7MFZ8SEMFW=8;AGWU5V)2S,#<(T MI0JL3C*BRF?/*SVJYRJJY:I<\TAF6SA?"_:[H2SH]$XNTTVWPE.%69AVY=RM MR*M'WU=T;57%)61C;9SV1Y(R97>T^4GN:S`Y4;A==[P5BBREV_=[MT7K*7%/U4U?<4^RA=33IK*A%54/+*C4ME*3'H>B,E; M'NVP9>[V0<<+=>HY8]V1WDDW&,;*ZIWPEJHZ2C7I&>L%M^YHFBM MY[KYDY^&\);(W!?>P-)6WL]9=916#(V%6PM+51+T9+PER2-9X8<; M_!1U0E])%Q/WG$Z[R=F[BH MW[?HH57ZFSLFU50L=D=WZ6ZD=KEBN-5NX8>17 M?"6:V_HJ]PQ5;"+G8^:^-<5%1C77%T-]HQJ*,B=D.-)Z$-M+Z'V[-FUB=)=46Y5MR3?Q&-9?=9" MVJ&G,N56_20LY;.'L1DWPNVY:^VM^WFB$_\`;W1]&!R2<5\-EX^"L:4)M-J< M+6OHIPU49/Z5QBFRZD?R_MC*6$Y]B3LJV6YO?9F5I-=*A-WP)NWC2.:YR./( M^GN.H)[A:++=VURFB37=0D-N*=^\,S'F=VQ,C*\*,3I.A)[O5U%N&7.&ND>Y MR,[$OJES/V7)U53;CVQ:47Q:.OTKN-.V>+>U=5Y\Y+8<'9MCQW))RE"W$EE/ M-48+VM/:H]I<+-%IKRGW:Q:#;$XMV]Y;>6[ELJUXFQ-;N5S(ZN94KHVY[LNO=WJG)[;O MMNUO!;33G'%NSY6\T/\`!'/3/3V4O]K[;N^;D MY*YN91C?BQKC-3[)RG8GSZ/F_"EKVF_`>-.^```````````````````````` M`````````````````````4(YJ/JT-_?,\V*_93=``B/D>^J.Y?GFV6+^)J`! MM3``````````````````````````````````````````````&'WACRP,A(@& M[^L:S[X;M2XH^[[71>%LPMRHMN[8@GBBKH@$S5%6E#W%&%4.=SUM/VNI9ZZN MHM/$^.:FZ,N&?0^3.JC-0LCPL@K(\EBC->U%3C[,TFE*/"6JX&+$KL6S"N]O M"NY>\K?&$^2:LASP?LRY)QC./,GRSBI+1I,S`8,@```````````````````` M``````````````````````````````````````````````````````%".:CZ MM#?WS/-BOV4W0`(CY'OJCN7YYMEB_B:@`;4P```````````````````````` M```````````````````````````````````````````````````````````` M````````````````````````````````````````4(YJ/JT-_?,\V*_93=`` MB/D>^J.Y?GFV6+^)J`!M3``````````````````````````````````````` M```````````````````````````````````````````````````````````` M`````````````````````````!0CFH^K0W]\SS8K]E-T`"(^1[ZH[E^>;98O MXFH`&U,````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````%".:CZM#?WS/-BOV4W0`(CY'OJCN7YYMEB_B:@`;4P``````` M```!BU?>UI1=WVW8,C/QM'>=X0]S3]L6V^^2)2M^GNJ2CZ?AQ>I8)^Z MXY-0KC[PZQK^4`,I```````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````%".:CZM#?WS/-BOV4W0`(CY'OJCN7YYMEB_B:@`;4P``````````! MKSS(1>DRT4/@7$M9M^2(_=+C<^E_'@?\/``;#``````````````````````` M```````````````````````````````````````````````````````````` M````````````````````````````!0CFH^K0W]\SS8K]E-T`"(^1[ZH[E^>; M98OXFH`&U,```````````:],Q^LQT4\V;?G^T^EX`V%@```````````````` M```````````````````````````````````````````````````````````` M``````````````````````````````````"A'-1]6AO[YGFQ7[*;H`$1\CWU M1W+\\VRQ?Q-0`-J8```````````UZ9C]9CHIYLV_/]I]+P!L+``````````` M```````````````````````````````````````````````````````````` M````````````````````````````````````````%".:CZM#?WS/-BOV4W0` M(CY'OJCN7YYMEB_B:@`;4P``````````!KTS'ZS'13S9M^?[3Z7@#86````` M```````````````````````````````````````````````````````````` M``````````````````````````````````````````````*$;% M?LIN@`1'R/?5'PU@B;79C M4=*9DQ?D>L@*FZKG7._&QX7T624XYUD_B+;8X=4(.#PU3?=4LN% MM<&_?$XN!5=M\'"GEYYY,EWU7-"%UUM-M4'&>'5771"-F;=)P2R>]KJM^'G7 M/.K[W1S1864]Q+9G\2VM#VM@S7JQK[FOZ5NZ\,I6,W7WR4=0/1- MGVY6SUCT[M(Q1NRE844[V]_M52M5"QFQS?2[W3G5>Z6]18VUQCR\\*EERPJZ MKY^U!V2@\U3LJBX1TKY(VOFYUZ3(P,+%GMV7*5EFSSQ=SR,J<4E.2VW&Q\RR MK&B^'U-DJU9:X(I'.MR7#@A['N3\?: MQ9-HNHF3)#+>";4 MO28RO;>9YNKJ)FAFKUMG#UW8`IER<;*5-)40TGAR_KHO"];!G87J$Q544G6G M5==/;#0VE:4BUDPH55%V+R2Q[:%)65W0OJM]J493JLKU@XJ495RBI2<+:[(2 M:G&48U\.ZRRS(KND^]JR)0<)53ILJTC%J%D)OFYFI*R,FHJ=Q#UA7?,W1J241;%XHKI]C]6Y M^4_5N1[GI*SM+[W<%1U4GVI?"H72XGI3>6C[0'33ZR>(/C<`'I3>6C[0'33Z MR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>( M/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C< M`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I M3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6 MC[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0 M'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33 MZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR> M(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C M<`'I3>6C[0'33ZR>(/C<`'I3>6C[0'33ZR>(/C<`,HM[F+:!W=27-7VKNMJM MW2C.=XT..\+;;ZWY9OV3IZVJCK+QSFG' MEYW374T=3.5LA44D%;UP2$G4,T5(RMUU2&C)MM)J5P(N(`M:````````H1S4 M?5H;^^9YL5^RFZ`!$?(]]4=R_/-LL7\34`#:F````#7OL1H?7[#Y7A+MFME< MPP6(7*R#K,@:[TU/9ZB;9BYRX[=D[SQY2S;50EF4:@ZZC16-H)7O M'2)PH-EHCM6]O>+G+([N<+L=2DX2HR:LG%RZIJV#5EE$+L2JQ8TVZN9..CIM MNJLBWFJ.[;3;M<=:5DT3Q\B4?:C;C64WX]D%5/FKKLG5D6PE?"*LE&2DV[*J MIPFF_M4,=Y)O3,-X73(7&^6:L$6U@"YH:CKF(^CCK9M:Z5[A"S12E7DTQQE3*,9)P MDJ[,6JU1G&2E)-23@^4[-6Z65QP*I5USHP99?L26L;J\V%%6158MIF@-1UC4A"U*Y"L6=74+74?A!/??DR4)XDHX^9/)NORK(P@_C)W MP54W=":E6G"I*NB5<82H2UJ<6VWQNYIL5=.7'O,7&HC3C13=N%KO45;7R MVW1=TG*4;Y61FM(23A%)6EUTP+#:[8\79,?=-SWY,3%RS]\7O?\`>CL/7A8FUX%2HVK!Q M^YHK4ISY(.RRZ>L[)2G)SNNMM;E)Z.;BM(J*4&-C659&5G9-G?;CFY#NNLY8 M0YY]W73#V*XQA%0IJJJ7+%:J"E+6 MJH@XMY=;4MW1IGVNHJEN4JEU#[?;5]5:S-2>NK@?OE<82X7\^3^P_$FT?@W# M=Y`!\G]A^)-H_!N&[R`#Y/[#\2;1^#<-WD`'R?V'XDVC\&X;O(`/D_L/Q)M' MX-PW>0`?)_8?B3:/P;AN\@`^3^P_$FT?@W#=Y`!\G]A^)-H_!N&[R`#Y/[#\ M2;1^#<-WD`'R?V'XDVC\&X;O(`/D_L/Q)M'X-PW>0`?)_8?B3:/P;AN\@`^3 M^P_$FT?@W#=Y`!\G]A^)-H_!N&[R`#Y/[#\2;1^#<-WD`'R?V'XDVC\&X;O( M`/D_L/Q)M'X-PW>0`?)_8?B3:/P;AN\@`^3^P_$FT?@W#=Y`!\G]A^)-H_!N M&[R`#Y/[#\2;1^#<-WD`'R?V'XDVC\&X;O(`/D_L/Q)M'X-PW>0`?)_8?B3: M/P;AN\@`^3^P_$FT?@W#=Y`#";GJ]?K*5VN\'L06N[U24EBX#LZ(J7",NLDF MJ:N)A]Y:R^]2A)J5[A&(+CI%-[MB-Z4]Y;+S0A)_=:2^Z>*N\8NCIR=.RK/W3+7X&)B7S;]5E MD*J7\EIT-SMZ7*1JLK3J'C*5?O4UF69*S;(JZ?CT=O7`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`EN/_`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`?)_8?B3:/P;AN M\@`^3^P_$FT?@W#=Y`!\G]A^)-H_!N&[R`#Y/[#\2;1^#<-WD`'R?V'XDVC\ M&X;O(`/D_L/Q)M'X-PW>0`?)_8?B3:/P;AN\@`^3^P_$FT?@W#=Y`!\G]A^) M-H_!N&[R`#Y/[#\2;1^#<-WD`'R?V'XDVC\&X;O(`/D_L/Q)M'X-PW>0`?)_ M8?B3:/P;AN\@`^3^P_$FT?@W#=Y`#[8^TK4B:E%;%6Q;T96-I4E%7'PL;15* M$K2:5I0_34S;J4K2?`R(^D@!D(```````"A'-1]6AO[YGFQ7[*;H`$1\CWU1 MW+\\VRQ?Q-0`-J8```````````UZ9C]9CHIYLV_/]I]+P!L+```````````` M`````````````````````87<&1\?VHR\_++'N*].TN),R4AYV/HTT[9I[)F:^J1=)F*3WC#;TIY M[7_U<92^\CPUGC-T9;+DV+X_>)IZ-;?B796C\S<(Z+T\=%YSB>5\[7&GA9>N M\G$T[_32SN2[OM^W:9LN@R.MMJ@J*ZZ&34E1'P[41D9&79#XO/L^HQFEYYR2 M_N5K(Q^F/B%NBTV+IBVFJ7NVYV333%?E40<\A?P>'8<6[8VON0C.>R;B_&R> MP3%@6?(WHXMOCV%UEZNQ?:7E)Z#4AHR2?21`JMWM^LMJJ_(BY?=EH([3XQ;H MM=QW;:-K7FP\:>4VORLIUZ/TJ+T\A^%K'12Z^VW_`)FKAZ^]'8>U7 MU?=1`0=-1]H+^`GSZ`^RXS_.+K[/.G+2/S+3[YC]4]&;+GZCWK?=QB_>JGE. MK'?JIJC'3^&S.+$-C"TDK)77)^3C43]4E?6ZW7163ZI.J0OC[I+( MQ/5MV#3[E4/E6OW]3O[7X9=`;,M,':<)/776R'?2U\ZE=WDD_3J2_34M-1LM MTU)3L4M.T75:8IFFV&6T_P`EMII*4(+^`B%Q)16D5HCVU555%:JHC&%2[%%) M)>I+@CO&20`````````````/PR)1&E1$9&1D9&7$C(^@R,CZ#(R`-)K1]ACE M?9UHRIF'`BXTUK0]"KH/K%[^AI:9?' MB?W>D02P,&7;57_!2^\<'(\/.A,I:6[/MNG[W'KA]V$8LP>KU&UWJW4U'R;4 M-'5-DOM-3&3%R1CK"EF9]L:[BF6&R<29]!FD^'8['0*[V?;6]>Z2?HTJ]\CCQX'V>(P]IH7U<[H?DS?]G4@EX.]/U_[MS]\P5Y.XSK8 MZ>;3FY^SM7I.#>NESQB23!;(YX;-/$B.Y+CC+K]ZH^NHE=V15*I:NOV#,_>I M][V!A;;;#ZO)R/[9J7WT:P\,=VQ%IMW5/42_R]\,C^^KCKQ[/,N!W_)?L51' MQC=F6JEE"3ZE).X@M>L4XM1D1FY(TTM2U)$A/21$@^DON&,_"[E'W9UQ M?W=23]$?$ZC\TZK4X+LC=MN/+7USC9&7W#I7%;@QI&4?=6"+G-)*)"KAAKP@ M#<-'O6S<\`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`)LC+[S9[!&1D1D?$CZ2,NDC( M_=(;EWMXH```````````````IEN5S`-4M!;7M&[=HLI1F/8Z^KKB[0MBC4T[ M)34G7256U2O2+N*`A4ND](5II[32,$:E'TL6>V(#(````!0CFH^K0W]\SS8K]E-T M`"(^1[ZH[E^>;98OXFH`&U,```````````:],Q^LQT4\V;?G^T^EX`V%@``` M```````````````````!F1%Q,^!%TF9]!$`[##+IR-C^QJ;NR\[WM.TZ4R,R MJ+BN&)AF3))<3,ER%73I,B$-N3CT+FOG""]+2^^<+=^I^F^GZN_WW/P\.G\: MZZNI?/.2(=?VOQ*^[W/:)WODJH6?5IEXXQW>EW0]4L_O>I=4;"KM)AM9]AQZ MN;;/C]\*3W?#;TI[RU_O(2DOX27+]T\19XQ]&63[K9?C]UL?NO"PLK)JEZLB M%3QTG^-*U1])Q#7G4< M5YMJ]4JXR]`*U]I+F3QG,FXSQS2O%P?C;'LF7O"58(^DTT5UW--P5*A:#["U MPR^M_)(.ZW6WW[:JUYHQ+FZK7<-VVK:ZI=M>+BV9-B_)R+[: MHK3SO&>OF1Q;UFH)7IR'ES-F2$J/BJCE+W_5&-1QZ5-4]/C..LFJ33F?82Y4 M.J^ZHQA;7&?YS=?;ZYM^W1?BV97PT%Z$L&&++3T2G M)^EF9P&NV#+9J6J^*Q59*I5@R-JK^Z=S;?#+P^VJV.3A[/@?&1[+;*HW7?]M=WEO\` M=\29$(0VA#;:$MMMI2A"$))*$(21)2A"4D24I2DN!$701"[V<$>YC&,8J,4E M%+1)=B1R`R`````````````````````````````````````````!\5=&QTFT M3$E044@R76X,UU*Q5M%UDFA7!NH;<0762?`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`.L.3](E!_?N)[!^EBO"7!7^TM]R\ MFY>3%PW&M^AV9=F/./K[F37F)(>-/A_9];N./B>?XOO,9KSZJV$=-/PDVN7R MZ&8QE;GW+37_`+2&&(]=JVJ678OPLO-4H2_P`U174TO.N^>OG1VL+Q"Z(W M1:X74&SVQ?\`BLFB7H[>\?E]!I.YR/(!I-NV,99KM/>V][AR;'W!"8[N6X-I M;SB[GM62@9VN;I(YJT:?&%AP<3:]P,RM0E!TS$:ABN)Y/7<0II/;/3O_`.(3 MT%^RKTXLOKS8T^G<_,C715L]'-D1FE*S(OM5][E/&Q<6%N3?8['.NNJ2A"661<'9=.-5-2<>'/;;.%<%Y926NA_25H;I]9V MA^J^*=8;'NJZ[WA<ZJOEJRF9=>>9A85=<^ON*/94;- M%3$AHE+-)K5XWKCKN[Q+ZER.M+H45QSG&<(TI*'=M+NWJO?;CHY3?&;;EPUT M/1XV*L.E8Z;?+PX^?R__`$%P1Y(G`````*$;%?LIN@`1'R/?5' MMQPL2>G9=?77)^J,I*3;\B2;?D(= M>VRQ+5/KH+/1?.1Y5"N!1MD6!=%8;G\E3,M,1\);CR5'T$::T_\`P=(IO=\1 MOEI[RV?FC"3^ZTE]T\//QDZ-NM>-LBW#=,Q?@8N'D2U]5EL*J'\EIUKRUG>X M.!V1K?71](YP25=E:_X2S*RFX]';G+?M^@O1VJ)!]/:TU;1J+^,0Q\9GV?48 MS4?/9-1?S)2^^:RZR\0]RX[!TM952_P]PS*L64?2Z:893EIYE9'7SH[56OM+ M0U?SS;7W#=[3XN[JM,_=]KVNE^3"Q)6VQ]#LR[+:I>M4Q7K"-:Z>71QR) MEW,V0G5?]X9J+YD+-A:LNPINKMG'YVQ`5#"RZ#;6P;?#W!E;8I_G-U]C_*<4 M_7&'*ON"/A97FK7J;>M]W*?E4LN>-5+T2HP^XIDOWKAIZ#,+3UVP;8U6LM9GQ$U.W8%$N:JJ"GY]%K\_ M:=O9O#+P_P"G[OBMHVC`IRWVV*J+LD_/*WA776N6N*C'S):?>.T9-P``````````````````````` M```````````````````````````````##;RR-CW'-"4GD*^[-L2-42U)D+RN MB$M>A4ELC4XHJN;KJ&G,D)(S,^MT$72+V%MFY;G9W6VX]^1;YJZY6/YHILUE M.$%K-I+TO0J3=',GTPMNL3&4>8D7_*/.+8HZ+$-EY`R^W7/()1DEB8QO:US6 M\VT[U?>/O5C5.KHX.=)%\/4NUY%M./HO3&ZR$_D46_05Y9 MN-%Z(>ZF4[P03>&-&=E;K4_P#A(^?R>5AX5L:2I5=#=32S4G<] MTW0VEP_XKT$T9%_#Q(3_`*#[3A/7>]_VNG3MA1WN3;%^9QC"NOYK68^)LE]7 M5-^O2*^^W]P_*>=YFE_(,V+$U-UQ9=X]=NY[CR#L9+T[7'JFFFJ+85A6)56F MGWR5N,N,H/H-#G#I2Q_"W;W[61O&YR7^+A3A1?K5GQ,M/0FF_.AKFS\E*<4V^A1]DJ"YJ.TY/)S"/<+K39]'\ M/2'Z7=*82Y=HZ=PN\799DVY&1/Y8.R-#_P"R'P]\OK+9:>9)+[NFOW3ZT\M+ M4Z843F4K6O381\U)==7L=E/(F<:=UY)DI+G@W(EQSL4RAI9<6FFV$,LD1)0A M*2(BT?BAU?3PVFVC;8_^Q44XKT_*IA"3]+;;?E;8^"QW]8G/\IN7WV6HL#". M'<51C4-C7%UA6+%LDDFJ&U[5AH:G;))$222BBHVN!)(BX#R>X[]O>[6N_<\O M(R+7Y9V2D_NLL0KKK6E:27H)0)*4I)))(DD7`DD1$DB^X1%T$0Y+;;U?:;OC MVGRNT%"]Q[=14CO'CQ[;3LN<>/9X]=!\>/NC'+%]J1#/'Q[/?KA+UQ3_`+!B M$SC#'%Q&9SMB6E+&:C4I5?`1E0:E&CM9J,W*8S,S1T?Z!#/%QK/?K@_6D<3. MZ2Z7W-Z[AM^%<_W]-ZIE!\22XLE=DB'X^\4O";Q=W_`,5Y=7],8_36 M7TK3LOP6+1FROA*J5\W+.LE&J+A-WJ-%<6^,*X3BN%DM?C/B?^S5T;U_L6+L MO3^2^F85YBR;98OXFH`&U,```````````:],Q^LQT4\V;?G^T^EX`V%@ M```````,)N/)./[0IWZJYKTMF$:IB,WO"$S0,.HX'P/^CF^=0HR/W"29B"W) MQZ5K;.,4O.T<'=.J>F]EKE;NV?B8\(]O/;!-?VNNOW"'"VUQ#)J6W8J[QRJ\ MTI2'F\7V1<5W]H<09DMM]ZCHFZ9HT=E1FOJI+I,Q2^U\.7"CGM?[R+E]Y'AO MUS]%93<.GWG;Q-/1K`Q;LG1KR-QBHKT\=%Y6=7RL9[N%?:[/URKXFC?Z::X, MC7M;L#3ME[G=EL4+M9-KVJ/X MN)BRRFUZ993AH_2H\/(CD>LL=-IX9$RGE[(*'.FKBI*\:B'MBH5_*3`035$A M@OX">/HZ`^RXS_.;;K/0Y:1^9:??,_JHQ<]?^\V\;UN47[U<\F55$O\`,U** M7\(S6U=>,(64CJV[C*U*8R5UR>KH\INI2OK$KKHJYUM:_?U.]L_AGT#L,=-LVG#@]>V<.]EZ^:USE]TF!BG8I6D4],PS3L-%U M6V6&T,M-I_DH;;2E""_@(A<226BX(]O7773!5U1C&M=B222]27`[ADW````` M``````````````````````^)Z2CJ=Q3517T3#J>'6:>JF&G$]8B4GK(6XE1< M4GQ+H[`GABY5L>>NNR4'Y5%M?.D6:\+,N@K*JK95OL:C)KYTM#ZFW&WD(=:< M0ZTXDE(<;4E:%I/L*0M)FE23^Z0BE&4).$TU-=J?!KY""<)UR<+$XS3T::T: M?I3.8U-0`````````````````````.*UH;0IQQ24-H2I:UK424(0DC4I2E*, MDI2E)<3,^@B&4FWHNT$(W_LOKWBRC?KL@YHQK:K%,E:WTR=W0R:IM*"ZRC50 MLU;U;P(ON-CN[=TOU'NTU7MV#E72?9RURT^=I+[I%.^FM:SE%?*5H1S,]:;C M(SPY3YAV/X'U#B<):[KU#5 M.U=M>-CW6M^JUI5?=]/88[_)E[E3T\\FE]SM.RHL;F6W\@T3><];-?&^J?:G ML38UN+,4D:5]*2K"RJ[;L:50T7`C-I!MF?'LEPXXCG^%^W/6C`W36GK>IGES9]LH0]2U^^OFG/1A]?8N(]-CV3:<9>24ZGD6Q\VEEC[?/[ M/$?"RE];98_4]%\R,OLCET:66#(KF8C`=I2DV^I#E9+WF_-WY65]0E1+54UB M;RE9ND<>=<+K+X-)29F?1PZ!3S_$OKC<:^XNW&Z%"[(U*-22\R[N,7I\IM'# MQH/506OIX_?+:V[9]I6A3%16G:]NVO1DA#94ENPD9"4Q-MD1(03$;34S7401 M=!<.!#QV3FYF;/O,RVVV?GG*4G\\FRPHQCPBDD9$*QD````````````````` M````"A'-1]6AO[YGFQ7[*;H`$1\CWU1W+\\VRQ?Q-0`-J8````**Y!WHB+,V M3C=<(#!&<TIP[:>CY>NO"+1!V3 M+KI&V+^N&AE[)K*"J8B>ZT4\F7<*UE6(=8;2G-['+?J8.>*]PA@UQUC&=V59 MW*JK@IN*4;9Y%,*[9N%4G-24^1.2[4]JR*-5EM MF3-:JKEIM5[A+Z14)72@JYURG$%-S'XQ-H2#TYK)L';6;5W%9]OV9K+)_))4 M99R&B_Z,FSL3JME?#`PU M'(W96W5Y%$)P4\5X]2ON=LIRC5)0HE&U*F=KG%Z04I:HY=4H2KGE9,HT;=\+ M&^BV;6F3"=OP\%3"/-;SSO3KA79"N4FG**<%S%QL&9G@\ZXYC\@1$+/6H^JM ME82YK+NMN.:NJR+KM^LD9I2TDI16G_`"MOGA&4VYQ%LE%L M7G(8FU:L':["N4Y]BW'DO4UYY8N77I5J)AXUYUJNE(PBQ7(]V5"$=2C-ZE)W MJF^CC]:S_!O<]H\4^E_!+>MVV3$\5NL=HNW+:]MLR?IK\6A1E9)SC!U5S:R=,9&3L./U1U#MKSL+#MSH*^W'C&$YS M22:7(K%JM>.D^77E>FXI.I54Y^'?.FQ.<6E.N3C)*2> MC6J[4?BWKS.VGPSWG,V+KC/P-NS\')LHM[[(IA%652<9I3C1@J] MJ<55W%%E%>V3WEEPI7,;8]O.[8:J4?WI)NN-A%VDPVL^PX[7-MG_`"AP/M;$ ME]1WEK\G)"4D_P"V2Y?NGS27C!T?D>SL/Q^[3?NO!PLK)JEYM,B%3QDGY)2M M4?2?.G*N>;B,TVEKC76\V9_@I'+F0+4MFB?0?WKJ:*RG\ASK*>'92_2M._\` MFD"R]PM>E.,X^FR48K^YYW\Z1''J_P`1MU?+LG2UN,O)/<;:E MZ)5QEZ#@JUMI+D7UI?+&,L>T+W\_%678LE=THRE73U*.[+EG82G0M'N+7#KZ MW\D@[C=[.,[:ZX^:,')_)*37]Z9>R>,&Z2YLW=]KVS'E[U>+AV9%B_)R+[:H MIKSO&>OF0$>-N*_]Y]VW_=%^+/*>-!>B,<&&+)+T.I M&T);;=ID-H2E"$(6TE"$)(DI2E*3(DI21<"(N@B%WNK/Q9?,SV\<>R,5&,)* M*6B2B]$OF/#=Z09Y7RSXB_O0L#X70/?PM_H+U MK_PGO33BVG,XXF;<:6IMQM>0+62M M#B%&E:%I.4(TJ2HC(R/L&.E'PL\2YQ4X=/[RXM:IK#R-&GV/ZLZ\/!;Q?L@I MPZ7Z@<))--8&4TT^*:^B[&CS:_:O66*;0[);!X8H&W%=1MRLR5:%.A:R+B:4 MJ=ETDI7#W"%K&\'_`!7S).&+TUOMDDM6HX.3)KYJR[B>`OC=GS<,+I#J6V:6 MK4-MRY-+SO2IGE?3'U+_`,3&"/*K9/\`70N?J/\`&;^BG4/_`"_*_P!$7_ZN M/[0']">JO^5YO^A/WZ8.L1]*/'R.]U4Q?H4K;()OT) MMGY]+O7[QX>_[;5N_P#J$9_4KXD_\/C_`#C&_P!,9_J\^+G_``N/\ZQ/].0?2AUC#>77V'4G]ZXR^S9*VGF7"Z4K29I4DR,C,C&?U,==?A0 MVV,O*GN>W)KT-/*337E36J?!F?ZOOB5^%#:(R\JEO&TQDGYI1>:G%KL::33X M-:GX>V>)5=%)09AE5_QFH37S.LV\VG^6ZS%8\JW6FS/HZRB(N/1Q!>#76:^N MLV2F/GMWG::D_0G9FQ3?H3U,K]G_`,0(\M?^(='_P#JCIS_`,T/ MSZ45MJ]\UBW89QH^EMSY!LFL]L;/I0YVE^W6GVNNG@?5<2E:>/!1$9&0S^J/ M=%PGN_3*GY5]KX#T?E6JN:>GG3:?:FUQ,_J+WI<)[[T?&:[5]N[:]'Y5K'(< M7H^&L6XOM3:T9^*V;HGBX1F&-A9)TNEQH\0W5$=K1_+[=/TD53N]/1U4+4K^ M#@,KPGR(<FJH>1_:6/9J_-I3*QKUM)>DRO!#*KXYW4O2%$/(_M;%NU?F MTHG;)>MI+TG#Z2E;_A_V$^`'_DDC,9_591_23IK^>?\`U#;]2V-_2[I#^?\` M_P"&=?TA[V5TM:LY_=:/I:<.DQXR;C9]*'#9J+^9J&36G@?4<0A:>/!1$9&0 MV_5GL*X3ZOZ;4_*N;->C\JUCAN+T\Z;3[4VC;]3_`$RN%G7?249^5<^X2T?E M6LCX:Q;B^U-KB<%[!9*<(BC=1L^2#A=*VUR.%XW-KRK"W+1^E:XJ>GFU2>G:D^!$_#7PKC[,O$ M':7)<&X[=N_*_3'7"B]'Y-8IZ=J3X'(LN;!U7O*/5B=HEI]\I'N^X,?H7X:T\;^K\>R+\E6!G-_+WE52T]3;]!A^'WA%1 M[61UWBVQ?8J-LW&4EZ7WM-*T]3;]`^4[9/\`PU4O_9E>U^]@_1/PL_I5/_E] M_P#&'Z#^"W]-;/\`E63_`!CL*^-JE^_1@C&[:%^^0W49FJDU#:5=*4/I8L!] ME+R2/@LD+6DE<>"C+@9Z?8'@_'V9=1;HY+RQVR.C]*US$]/-JD].U)\#3]%_ M`6/LRZJWIR7!N.SQY6_/'FSXO1^36*>G:D^!_'9S`,A9@^F%G0IZ7N"U99%W M&W5V]`WI/2D-$FW'T2&Z..KNK&)?I6VR+J\&&DEQX$D?V]_9NZ:Z)_4CT]]G M48V9AO"UC==BTUVV:SDW*^X\.)<#-^A/AO9[=76&)"#[%9@YZFO6H461]6DGP[='P'Z MN_"6WZ2GKW!KK?9&W;=S5B_*5>/;#U:3?#371\#K7F_-]*77J=0,I5B5'U4H MA+_P74/H/LFIY$ODR$92V9=@TN+5Q_B\.D;1Z`Z`N>E76VT0:\MN'NT5\G=X M-KU]<4O2;1\,/#"]\M/B)L5;7:[L#?(Q?J=6VWO7UQ2])UEGW,!'QZ^YU2_BH2I1^X1F-OU<=$OA'KKIUR\B^&WM:_*]J2 M7K;2\[-_U3>';X0\2>E'/R+X3J):OS:RV517K;27E:._Z0U\_P"%;/\`_P"@ MQM\X0C_5GT__`$PZ;^?._P!3(_U/]+?T\Z2_A;C_`.7G,MD)EHB17ZZ;!4-2 M72NF39\7)D@C^]/NR'GY"@XAU1E[O`8?A=@S?-C]3]-65>27Q-E>O]K; M3":^6*]!H_!G;9OFQ.LND+:/)+XNVO7S^Q=178OEBM?)JR37<\`4K5M\4D9]=;:6^CAUN)D1ZOPIG/AB;_TU;9Y5]H55 MZ+SZW=W%^I-ORZ::FK\$IV<,'JCI"^WRK[4IJT7GYK^Z@^/#121?:^"M7YM7F?_`%!LG^OF/U`]:_\`$.C_`/U1T[_Y MF=+^WV%Z-M;DF>3X0VTJ6ZS/8,S1!U3+:2XFX]2RUATE0TV:2XDI22(RZ2&T M?!7KFUZ8WV1?%]DJMVVNV+?F4J\R46_0F8?[/WB&^-,]@NK_`!ZM]V6V#]4Z M\^4'IY='P\I"==S5="8Z8?MVLS_$-7'3-J=AEX4H_*XY#27I?`B?@#XF-\F/C[=?9^+ M3N>V7S2\[A5ESDEZ6M/28#>?-?PQ&L*(=DM-VGMF!']_EU7/^!BROEJ^Q M+377AH16>`'B_%:U[,Y^K)Q$WZ%K>M6_(EV^0CI',/SG?B#5:%C:PX9CJ@NJ M5;G?8UV7NV,2?8=_5'#MC7Y;,F\GW6_UCIT=GWY]''HO]G[/V]_RS'WW.M7D MQ,'EKE_G,FVJ<5Z>Y;]!!_5[\>I^[TMN45^^@V_FCK]\Z&\E9`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``` M``H1S4?5H;^^9YL5^RFZ`!$?(]]4=R_/-LL7\34`#:F````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`_I MI@^/5<6LW]"NB8V70C.4+]IQKK(62BG9&5[CSVN,W)<\I-R239[#<.N.G-AZ MGSLGH3I3H"K:YY=DJ;;NEMCRLF5;EK'OG:Z_)&.P M[1"$5Y%&,<1))=B2X)<$8E<')TS_`"#+5,G>3(UTL,.J[25]7EGXE);(NJBI M4JR,U6EUI!Q)%VSH)CC]ZVD;_P!83"LX_8].)+RO$KQ*F_0V\63<5Y$WKYV) M?M">+,?S:_9J)>5T[1M],FO,Y5T1;7H?`Q1KE#;/QRE&[F'%5S,%P;8064^8 M5;%>GJGT5595EM_/T=2XHB]\AJGIT]8^)&1=!9?CIM5G9]LU2\O^[+%ZDO@( M->MMFO\`6(\9U_\`G\!K_P`#C+_H&&.\H+(]&^]4R&&Z"]'7W7.VG$65&7*F3]#=: MBVO0VT8>YRN->8K_`'@Y;?,-=Z>T_P#L3S$,M789U*?OSX2.=;5_H!_Q7OOU M>ZV0Q'KOKR[\W\3<]?Y6_.KX?VO>(]*FT M=TKI/Z/-:"\Z^VV:=*:=%2[LCE66C'7FOP?M6R2$&IMQVG80IM/ M'H49)%.>Z^(]CYZ?$/&MG)ZO_:.=&7'RRY\>*U\Z3?'YSF2\>_&>9:]6^+?UGE/;C]5>5O`K6Y,X_YKV/G5I)ETY?+^^-0LZA)GVR/4JTL9&;)G]ZM0IY'ZX,V*C'JCXN">JTW7^Z^DG#M^?SHJ97C;XJ9L5# M-ZCW^<$]4I95[T?\)GL4^#N2X\ZXQ49JW^B'FD_A47!F3FD6^VEPNA;"*J95 M14=2^@^@TM..'T<2XETBG+:?'**4HY^7-/\`$W3'G\ND+OB!_2' M>5_^IR/W23HW`W)WJD(:1NGL9$-ML-FA%Q\9[FVVV\BWBWQ;XR[20K=UCY3E4^\FUN8%DM^K)E*JIF)YM^;7*QIH MSZ"JZ9G89513]570:7$I-*N@R(QRLZ*AE[IE6Q3U2ED3>G]V39#:`:2W'Q_5[:[:N=X,IJ3\#5F)Z.V[ M7\N7[ICX[.?'O[_^TG_&.Q/*OP*@^*,U[[H,^R:.85N*@S_TFG,1<1J\G)E[ MUMC]7+A*ZYKTSD_[)V>BTP5_??OW_F&[C_/&->^N_'G_``I?NFG? MY'^,L_AR_=.PN5UA$B(BSMS`B(N@B+F)[ED1%]PB+,O00UYI^=_.S3GF^+E+ M7ULYIY7V%$'Q1GKF"H,^R:.8MN<@S_TFG,Y<1J]9>]Q]?$U;@8Y8^9&O+'S(>C!PQ_?[S"?\`,9W0^>@-%YD9Y8^9#T8& M%_[_`'F$_P"8SNA\]`:+S#E7F1^>C`PO_?YS"/\`,8W0^>@-$-$/1?X6_O\` M.81_F,;H?/0,Z&=$?GHO\+?W]\P?_,8W/^>@`/1?85_O[Y@_^8ON?\]``>B^ MPK_?WS!_\Q?<_P">@`/1?85_O[Y@_P#F+[G_`#T`!Z+["O\`?WS!_P#,7W/^ M>@`/1?85_O[Y@_\`F+[G_/0`(ZE^2_I[<,E53$]=VYGPNMNLMMQ88.W;MN-&%6M(UUY%L(17;I& M,9))>I'L=N\1.O\`:,*O;MIWO=L;;ZEI"JK*NA7!:ZZ1A&:26O'@C,8;E1Z^ M6['4T/;^9=]H.)HT=KI(R)YA>Y%!04J#,S-%/24V9&V6D\3["2(=N5UN1FV/65EDG.B^PK_`']\P?\`S%]S_GH%0HCT7V%?[^^8/_F+[G_/0`'HOL*_W]\P M?_,7W/\`GH`#T7V%?[^^8/\`YB^Y_P`]``P"_-%]0\641263MQMR,NFBH<.;L\Q7+3->XC ML-L3UA7[.VJR3I=+;E17LLN%]ZL^CCZVCPQZSMAWN1B1Q:EVO)NIQVO7"VR% MCT\J4&UY45WF8R>B?,_0F_O+0\!K"*+R=.FQ#@7G.2QJX*I)W,G,DV-PC9\@ MPO\`F*FBDU;'WY6&,KLJQ/R MIQ[NJ&J]%C1CXBMXW*UW[AEY-US[93LG)_.V6JVZOJFX^IM?>,Y]%I@KAU?EOW M[ZI%P)/I#=Q^!%]PB^6/@1"CWUVNO//7\I_NDWQ&1_C+/X$;_%9?\`C;?XE_E)_QC=;CN,5I')R$O1;8O^D?%6\I76V1:)BOR MKO-6,DHEDW4;^[>N()9=A1)/+W#B0L4;ON^+/O,;+R83TTUC;-/^^+.-ON^X M<^]Q,W,KL:TUC=8GI_"/*5R>-5%$:59!W9-*B,C(]]MNS(R,N!D9?*]V#(6U MU/U*GJMPS=?\M9_&+ZZRZO3U6Z[CJO\`VBW^,>#Z%#2_QDW%^O7MO\[HZ/Z? M==?\8W/^<6_QCJ_K/\2?^/[Q_.KOXQY-9R,M%I!\ZFND=N*NH-*4&\_O+MHX MX:$%P0DU'EWCU4EV!=H\3_$C&K[K'W[=H5ZZZ+*M2U?;^$=#'\9/%O$J[G%Z MFWRNG5O2.97 M#+K$1BW1XO\`BMC3[S'ZDWJN;6FL/&W#GWN)U;U#78UIK'.O M3T\VJF>>CD`/6?4K7F>X9#3]#3GHUYT^TSQ/)+T:2E*2/9PB2DD MD7TRMHN@DD1$73E3CV"$OZ[O%3R[UF:_E+]PF_K%^-7EZASV_P`I?N&70_*$ MU`@:(H^+D-FZ:E)Q;I-GN#LP[^$9:DD?VBO%S3Z?@;KQMZ^;^GMPKH?BVX6 M)9'7S\LZ6M5Y'IJN/G-X_M$^)[?\HOV[(K_%NV[!MAKY^2=$H\R\CTU6KT[3 M+4\O/!:%)6F\=FR4A25I/Z6.PY\%),E)/@>1>!\#(;?KKZS\M6RM?_Q>W_ZN M;?UB/$#RT=/M>G9=KT^7^2]AGZ=0;`2DDEDC9HB21$1?2DSUV"+@7_[]^X)/ MUU=1_P#"^E/^0;1_JA+_`%ANK?+LW1#?_P#6-B_U$Q:8T6J^ZV\W;?Q*> MUI;[EBML,WL4O%/_`-YU'KO?62U>[[X1R\8MVM?-D;-TM.SSK9\&O^YJIA'Y M>77SLCEX^;Y<^?*Z?Z+LM\ZV#;:N'Y--%UK]WH&K\6K[?9RM@Z8LJ\RVZFMZ_E5OD?/2H3^3FT?E1B)\LZVS(R^E_S`BXD9<2 MW!R]Q+B7#B7^O>R0Q^M+%_HUTW_-9?Z0U_71A_T1Z1_F4O\`2D>'RDXLS,_I M]\S0N)F?`MSLJ<"XGQX%_K+L$-/UC=/?T2Z?_P#WO^MFGZV.E?Z#=+_/N/\` MKQB4UR;*66K.ZV>9%S4XE':FV^Y(W=;)K5-Q01D;G576+5UU^[TC#Z^Z.M]K M)Z-V.=GG61NM:T_)KW"$?ETU?E-9>)W0-WMY?A_TY9;YXY6]U+3R>Q3ND(?+ MRZORMFDCGB(.II,M9>N.:RQ>TN_4TAKJH^MO.4 M==K:REBG2[4PTLR[4CH(B(?U=_94\;_"'9O!W#P-RS=GZ?RXY.1KAK(NER)S MU4M;0_MU^Q-^T;X$;!X!X&V;ON&P=+YL,S*;V]9>1)5IV:J> MN9=??](O:XVRC^+H?T`\GK&&0L2ZCMVODNSYRR;B5D*[9`H>X*-5#7G15+M* M5/5=SK,UDT]VL^J9\./#[@_!O[;G5O376?C0]WZ5SBMQQ=SV=;1B5]]CSYZ^>*ES1YEPU6JUT[ M-3:H/Q^?@T`````H1S4?5H;^^9YL5^RFZ`!$?(]]4=R_/-LL7\34`#:F```` M```````->F8_68Z*>;-OS_:?2\`;"P``````````````=+]-3U2";J6&:ALE M$LFWVD/():2,B427$J22B(SX'V>D;1E*#UBVGZ`83(XKQA+]$MCBPY3\,JH_ MUC:%O5OX=?6Z[_\`28YW\,OKGQ5]\?$^GI%ZO=MUI^IRQU9<-`Q3])DQ244K;KI4RD=!)6 M2C422X'QXC=^(\;$E?L/3LDO+'"4&WYVXSX^H?!Z=EMW\+_YC[D:@;$17^[/ M,"SM3'P[0G]:K4L&]R*B1_-(,I.BINM7%U4]>I^_Q?(9^'N7NW3^5)GZG7_?:--:J#F!1DXV9DVS27'JMC.G M*G8+CU7#KX6;8J*NJ))$2C6@DKZ3X$8?I%X>V_6=.SK?GAGWO5^J46DO4^`[ MG+79=KZXHZUV7S-HH_\`5N:]5[L+CVGA=.-KV@.#2>Q6%^K5:_QJU_QF_P": M+W#&5G>%EWUN#N]/^3NJG\GMIH4H4VC@IMM9J2M9<#-)&8WE7X0V)=W9U%7 M/R\T,22]2Y9:_*_(-<]=JJ?\(^]&6.8O$]$MJ7A^Z^!$SQL[.]'#DIY'0NL( MKLH&3*A=,N*$'^&(C+K%QXB-[1X:W?4[QFT^7Z3$\S%VUQ? MJE^Z?J=G-SZ)2_#G+CO=IA)DTW50.QN"+A[I?]][Y-%3R]/6T]*LDF9..)+A MQ(E$1F'Z*]$3^HZFH*_WGT1VZH2( M^T*_5JS8>^3[M1_/-)*`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`>$+XOV$[555+Y(:N3?F26K["'X MVI_5J<_R8MG:>Q>Z5[HZN,]':ZTZ*H+A273G7+=F6Q3-.*Z/Z=9%OO2EYM-M M$I*E'U$\2XI3Q41\,?HUT/@/7=-^C=-=M>+CVS?R6S4:ONF>^R9>Y5HO/)I? M<[3@S8',KOGB5W[`:XX(0DS[7\BN+)[*E2X@CZR>WNY@J(JG0\9%U3-#1H+B M9DD^!$>9;CX7X'YGMVY[@_\`VF^&.OD^&4GIZWJ8Y,V7O3A#\E:_?.*M!:ZZ MWBJ\P[>[:Y'6LE)K8&,R_TCWI&9%V3!>(= M>)'DV79MGQEY)RH[ZU>JRQM_<'PCE]999+Y=%\R)#LOE\Z96'4JKH77RPJZ1 M=4ERJD;MI*R^:NL?3TJJ*E=Y5LXVX\ZKWRC))$9GV.'0.;G>(W6^X1[N_<#:3X)][T%V!Y+)R\O,GWF7;9;9YYR^J.Y?GFV6+^)J`!M3```````````&O3,?K,=%/-FWY_M/ MI>`-A8`````````````````````````````````````````^&0BXR6933RL= M0R=.ATGD,2%)3UC*'DI6A+J6JEMQ"74H<41*(N)$HR]TQ)7;;3+FJE*,M--4 MVGI\AAI/M(EG-;M=[G,SN3`F%[A,ZARK,YS%MCRQG5.F9NU)G7P51QJ'#/WR M_OC]TQV*.INI,7AB[AG5\-/9OMCP78N$UP]!&Z:9>]"+^1$4U?+[T3K'''E: M;ZPT=2\ZIY^LB,&XV@ZZI6HS-?=5=#6Y05E2A:CXJ2XM25'TF7$=>'B+U_!) M+>]U<4M$I95\DO4I3:7R(T>)BO\`PT8*BX7BX:^-K7? MD2SS))\>%.D[5N^'-%"CC[RG+@PC@GJH+JIX68>)W74?>W"<_P#*5TV?+])7 M+CZ>U^B\ZUU^8_HEU8Y>>I&H6.; M%?LIN@`1'R/?5'^J.Y?GFV6+^)J`!M3```````````&O3,?K,=%/-FWY_ MM/I>`-A8```````````````````````````````````````````````````` M```````````````````````````````````````````````````````````H M1S4?5H;^^9YL5^RFZ`!$?(]]4=R_/-LL7\34`#:F``````(#@MJ=:+GR%?\` MB6W,_8>G-@1D8E"I&0N^W::4HZ!+B3>O+QKMHR.H*K(2V/$G.-^0FG35*#LC.-EGNP<956J2DUHZYI^ZS:R$ MJ=THV2U..\94.:FE\+;8M5OFK@_:DM+:WJD_?C^,C'HW=;4"8Q-<.>(K9[`\ MCA2TI-4)=&5Z+*=F5./;>F$OHICBYF[6IA4)'5_=#B4$TZ\E9J,B(N)B3*NJ MP:Z$>,JH MZ:\UB7&"T>NLM%H2WB[+.,,WV3$Y)PYD&SLHX^GNZ?`EZV%<47=5KRW<=0Y2 M5?@Z;AJFLCJON:J96VOJ.*ZJTF1])"U;CWT*#NA*"L@IQU37-%MI26O:FTUJ MN&J9!5D47N:HG&;KFX2T:?+))-Q>G8TFGH^.C7G*;9C]9CHIYLV_/]I]+Q"3 M&PL````````````````````````````````````````````````````````` M``````````````````````````````````````````````````````4(YJ/J MT-_?,\V*_93=``B/D>^J.Y?GFV6+^)J`!M3````!Q61&A9&DU$:5$:4_?*+@ M?%*>E/2?N=)#2Q)UR4DW%I\%VOAV(VCJI)IZ/7M/Y?Z6.M28SUL=K]BJW,RW M78]R6?GZIR?95_:R*H*E9FO@;@CFI`C.CH.Y"2:/2TRV_`S) M[WN%DJK=UW7(R8.&ED)VK:Z\2#C%TV68E=F3&SX?O(NR:32JJ\ M#;XPR<;'Z<6WSJEK&W'5FY.^R61[=5.2UC1A*2QYN,$U]'9+6*WUZ%WQE'(. MO<=<&4WKAEJHKNO".LJ]+PL&-Q7>.1L<4,JINTK]NO&\3#6W'V;,SM.;A*I& MXR-ZS+3;QTK*G305BZO(CM^!=N--6+OEN&IY6/7)SKHM=MRA",G;?JYXT:+Y MKO9J-ELXKD25<*F!>KLO/CCV2OVBO-E#&NE'EG;4JJG.4H]U2_H\AWT1;JBY M0JC/6?-SRC:?URV\NG;*V]BIC,.NC=O8EM3,]@X7LV-PMDAF89M3-"=K_'S7WR5Y$^=\`/!.U_CYK[Y*\B?.^`'@G:_Q\U]\E>1/G?`#P3M?X^: M^^2O(GSO@!X)VO\`'S7WR5Y$^=\`/!.U_CYK[Y*\B?.^`'@G:_Q\U]\E>1/G M?`#P3M?X^:^^2O(GSO@!X)VO\?-??)7D3YWP`\$[7^/FOODKR)\[X`>"=K_' MS7WR5Y$^=\`/!.U_CYK[Y*\B?.^`'@G:_P`?-??)7D3YWP`\$[7^/FOODKR) M\[X`>"=K_'S7WR5Y$^=\`/!.U_CYK[Y*\B?.^`'@G:_Q\U]\E>1/G?`#P3M? MX^:^^2O(GSO@!X)VO\?-??)7D3YWP`\$[7^/FOODKR)\[X`>"=K_`!\U]\E> M1/G?`#P3M?X^:^^2O(GSO@!X)VO\?-??)7D3YWP`\$[7^/FOODKR)\[X`>"= MK_'S7WR5Y$^=\`/!.U_CYK[Y*\B?.^`'@G:_Q\U]\E>1/G?`#P3M?X^:^^2O M(GSO@!X)VO\`'S7WR5Y$^=\`/!.U_CYK[Y*\B?.^`'@G:_Q\U]\E>1/G?`#P M3M?X^:^^2O(GSO@!X)VO\?-??)7D3YWP`\$[7^/FOODKR)\[X`>"=K_'S7WR M5Y$^=\`/!.U_CYK[Y*\B?.^`'@G:_P`?-??)7D3YWP`\$[7^/FOODKR)\[X` M>"=K_'S7WR5Y$^=\`/!.U_CYK[Y*\B?.^`'@G:_Q\U]\E>1/G?`#P3M?X^:^ M^2O(GSO@!X)VO\?-??)7D3YWP`\$[7^/FOODKR)\[X`>"=K_`!\U]\E>1/G? M`#P3M?X^:^^2O(GSO@!X)VO\?-??)7D3YWP`\$[7^/FOODKR)\[X`>"=K_'S M7WR5Y$^=\`/!.U_CYK[Y*\B?.^`'@G:_Q\U]\E>1/G?`#P3M?X^:^^2O(GSO M@!X)VO\`'S7WR5Y$^=\`/!.U_CYK[Y*\B?.^`'@G:_Q\U]\E>1/G?`#P3M?X M^:^^2O(GSO@!X)VO\?-??)7D3YWP`\$[7^/FOODKR)\[X`>"=K_'S7WR5Y$^ M=\`/!.U_CYK[Y*\B?.^`,GM"/S[3SE.Y?MUXBE;;)I\JJCM*P[Q@IM;QM**F M4Q(R^1+AH6FT/<#62J59J21D1I,^)`3"````````H1S4?5H;^^9YL5^RFZ`! M$?(]]4=R_/-LL7\34`#:F``````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`U\1AK&67;BQEB&KQS!7'D*_LKQF-;?CI++E\-V MY$TSE,Q;MF2%55H==0XE+5-$5CCAFI"4'SMHN>X;9MN38X_';MD6SHC'7DKP M7EPV_%NR)2T[NRW,C;"<>*C">-*.JLDUT([9DY'4&9M&'IW.#1CPM=J=Y_$*F3U^CA9)7Y5]O-WIK5'(8)`````````````````````````````````` M`",\2,A%UO1 ME])O-Q,:+S-SQWW=,*XMRR+YZ1IJKA[TIVV2A",.URDDNTBZ:HLZ@SZ<&25% MD\NRB?-)A3N5W2V95BVJ5M:N+E6V@ M[N?BX^T;Q3L.7=STU7X.W3RXQU^)S[I48L[J\:/MPQ[+JD< M[:;;=[VRW>MMA/ER'GY>/BV.,;J<*J,\FBJZQ?1.Z.,E6Y)_265RD]$]3))!AX-U^_RV++4J'+>%M5%O+SPOW!PE-UQY7[-$&E7= MDRTA5;)0:?:26Y$(]/X^]8\+KLC)VJWU9&3D*N#E*W(L:Q<'%C/ M\"WO;99O)VW4X5U:T3;+&15WVP496#9!9FX;IB8N/:YP[NN/M9F5=:I<94RP M\>W'C./U=^11-O1UZJ,+=NJS(66?1IQL M=T90Y9>TI1LHG"#?"W6$H\)(D73W:CZ6%E9`N>IQ=<^()O&^7[[P[<=FW;+0 M$X3IW#%[Z M*B]5'2R=;CS=DN,&U*/!IIHK9;6+O>5LZ4G''A19&5Y%2MKEW;]JM\K MXQEQ1;850`````````````````````````````````&%9#R/8>)K0F[^R7=T M#9%FVY0U,C,W%<!KFBX69MO)ZI3MUM7!'7$E*X-^$>IVG M:J55*-JZ[+;#3CJD$I75ZJ5&5SO;K*(TVI2U%5,QZ^V$R[1RM*=.;:Z=]#;J'#(E M)+B0I[[?/I_:GNV=7)4/&5]?9]+"7U?=RUY7WDO8B]=.9Z-]IOM*IWC/^S\6 MR/>QR.YLUU^BDFN?G6FJ4$^:7#W>/801`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`P`````4(YJ/JT-_?,\V*_93=``B/D>^J.Y?GFV6+^ M)J`!M3````````:1]T\Y44'S&-$ZEK#NU-UP."9'.!9*O+'NJ.P.0K!A/E9Q MK#P-F.4M\6?C^7MF:;J95)M5BJ*IJ$QW4,ZHVB2?"QTC.-V][JW]%'*VN.'7 M*WZ*,KH9D;))RGRI0Y$Y*UZ5OR39;WF4:^D+,#52RY;G@92C#VWW-+N=C]G7 MVHJ2^CUYVWHHZGT9`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`HNWFRF7>0LC M9CSJQ=N7!3;S3+[*:$G#)# MODJ:LV_>'E8]D<+=(9.-*&7;%7T=S"R-LGW+[R2R(OOX^S3%Z2IE7DPFN:CN M5+;*L&&+N57QFQ\EL;<2MRJML4J^25:M3KBJKHI%L9,V&B[OQ_;]GXBN/"\/"6WD^9N*RIN8MJ\YBE MFF8==;%-P$36I,WB;<;8ZO5+T.)?B7=0TTN"QNG-OZOGO$)3E*4[\6V*MMI@ MH][*&4KXJ%:M^AE"7-.^+7&G7EY^V[1M^Z8BJMZDP^F\S;E2WRQ^(OOG*F=P3T:KYWHGU MMWOKW/?<+*K3AC5[11ASE+LC.B>7B,Y:JY#P/09.V-RQGNT;ANK(F"+TCJV%R+-TM1&6O44V*\G7K+T-S1M, MP:ZHW:9-#P,B;J%JZ!OAPIIZ-VC:IVQ^/VS#6/..DOI&[+;'97+3EY$I1B^= MQEKV1:XE/>;U7?NU-Y3:T*8 M`````````````````````````````````"N>U5TX&L?"UT7CL5,XMMNPK:33 MRM%9ZMLY- MBRH8[TW:W#RJ\?E^ME.S&NA.%.GMN5E+LA)0XRK0BP]:N.+$C MX>/F+6F9.W=@Y&V*RFMRSZJ3DGSCL:W8]12#S=1(R+U`U&4%0\[4/-L&LS^D M=?Y]M/4F,]MY7E;M"&-BV.3A1/EQZWD=[>DU#'J[K7(?'VHPJC"=\ZJY\O:X M*[>O#8U_"-^PMXVEC"#NU5%?N;[:MN:M6NJVE5EGV M#$-4S=2[U%5S[BW#XH4DQR<;::(YW3?2UD99?2>S8UV7D7V42=&;'#LE=*N5 M)A6W M\VJR)T4<]F5;R.4W[M;C!,EGG!9"QY&8RR/@B$S[AG'T])8AA6[CU(E<>-T6 M;MP8"CDWG+"Q%A7)K<\F:B9"9C+,MAWE%.-9BSHLC",FH\]=3DFD[IQ=E4OA[7R5V>' MEG8C4/'G-%T(IY&_,$X9R`O%^Q">CX]%#&JE/Z;6M4A(:ZR4$DO3[+&-W4'4NU[7>LS$>)51C.KC"VZ.Z9=N2 MJ(1UCSNS?#Y4U5;E0=(A%T[` MR5Q4LHER'-BDF28C5N+(T+HDN)<][Q(>6V]X6+TEF[[NZJC]KYST=U:CW>WX M$NZI^DGPLQ\O)YLNM^XIUQDM6DU>W!YUG4.W;'@*]?9V)'*?+RM69FX0UKLI M<-;(SIP_H+82<5S6:J,N$BH'+^V)T+NZX>9W9SN7=8+EQ">P,G?"[2?N3'U"VR?)91)Z3E+EE!\VAG=Y5QZPA#;'%5V= M/8%455P4I5PSIY-:Y>#<*Y2E?'R1DW-:-DM\ES/&#V]ZOV]9]TPLQ(T-C7EGR]JZR;H5&1U2X^Q;-S1AI>C:KJ%353!DII2DB:-. M3/HGIR^<9M4;'B472>KY+U&4I56/\&U)ZRC+VN.K1CJ*["776Z1Q95+'M^$[ ME0T490JV_$KGW:7!QKFG"7+PC).+T:-THY17`````*$;%?LIN@ M`1'R/?5'5-=J,QDXM2B]))ZIG@VK:=KV-;\ M9:EEV["VI;$*QW+$6];L91P\-&4W74YVBAC:!EBDI6NNLU=5""+B9F-UPJKI M7U--5=567:?2W6V6S?EG9;-V66 M2?X4[)RE.[P#RZ^4>CR'(``!Q0A#9=5"$H3Q,^"$DDN*CXJ/@1$7$S/B8 M=BT78.UZOM.0`````````````````````````````````````#I?IZ>J;-FI M89J65&1J:?:0\VHTGQ29H<2I)FDRXET=`QHNWRH:L^8HJ,)I3!1U`3*U]L6R M5'3]J6X1=4G%-]KZBE]7HXF7'@,OCHGV(+AV>4CVKPQC:NR;;&8*FVF%W_9E MO3=L6Q+HJJ]JFAXJY'&US?/;Q>DZ:KN_A#E;Y5I;[>J2D]$FVDD8R8PRZL:G(C&4<3(G?5P M6L+;*NXG+F7%IU>SRMN*[4D^)([M%1/O-5#])2O/L&1LONT[3CS)I/K)-IQ: M#6V9*Z2X&72-E[+YEPDS+XKE?8=;D7&O.G4/1U"Z^I2%F^Y24ZWC6WPZBC<4 MV:S4C@7`^/$O)@F+<18_PS:S]FX[@O`L#5SL]B+;ER4UZ\D-9:R>CDWK)MMOBS$U&>?E;DTEF9N3/(NDDH\]TTE*?*M(QUY5 MPBDN'!&FGD&B/K&``````4(Y MJ/JT-_?,\V*_93=``B/D>^J.Y?GFV6+^)J`!M3`````````````````````` M```````````````````````````````````````````````````````````` M``````````````````````````````````````````!0CFH^K0W]\SS8K]E- MT`"(^1[ZH[E^>;98OXFH`&U,```````````````````````````````````` M```````````````````````````````````````````````````````````` M````````````````````````````%".:CZM#?WS/-BOV4W0`(CY'OJCN7YYM MEB_B:@`;4P`````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M``````````````4(YJ/JT-_?,\V*_93=``B/D>^J.Y?GFV6+^)J`!M3````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````! M0CFH^K0W]\SS8K]E-T`"(^1[ZH[E^>;98OXFH`&U,``````````````````` M```````````````````````````````````````````````````````````` M`````````````````````````````````````````````%".:CZM#?WS/-BO MV4W0`(CY'OJCN7YYMEB_B:@`;4P`````````````````````````!6W9G9FW MM8[=Q_+RV/LGY5GLJ90B,08^Q]B"*M66O2Y;TF+7N^\VZ:F1>UXV%;%'0T=M M6+)U3[]5)L)2ECJI)2U)28$#?3KR7[-3F%_![4G][P`/IUY+]FIS"_@]J3^] MX`'TZ\E^S4YA?P>U)_>\`#Z=>2_9J`!].O)?LU.87\'M2?WO`` M^G7DOV:G,+^#VI/[W@`?3KR7[-3F%_![4G][P`/IUY+]FIS"_@]J3^]X`'TZ M\E^S4YA?P>U)_>\`#Z=>2_9J`!].O)?LU.87\'M2?WO``^G7DO MV:G,+^#VI/[W@`?3KR7[-3F%_![4G][P`/IUY+]FIS"_@]J3^]X`'TZ\E^S4 MYA?P>U)_>\`#Z=>2_9J`!].O)?LU.87\'M2?WO``^G7DOV:G,+ M^#VI/[W@`?3KR7[-3F%_![4G][P`/IUY+]FIS"_@]J3^]X`'TZ\E^S4YA?P> MU)_>\`#Z=>2_9J`!].O)?LU.87\'M2?WO``^G7DOV:G,+^#VI/ M[W@`?3KR7[-3F%_![4G][P`/IUY+]FIS"_@]J3^]X`'TZ\E^S4YA?P>U)_>\ M`#Z=>2_9J`!].O)?LU.87\'M2?WO``^G7DOV:G,+^#VI/[W@`? M3KR7[-3F%_![4G][P`/IUY+]FIS"_@]J3^]X`'TZ\E^S4YA?P>U)_>\`#Z=> M2_9J`!].O)?LU.87\'M2?WO``^G7DOV:G,+^#VI/[W@`_2WJR6 M9D7HU.85TGPZ;?U)(O\`M/Z7G00`LGK3L)9VTV%[5SA8D/=UNV]=,A>L+^KM M^1L=$7A;\_CN_+GQK>$%<$?#S%PQ+$A#W?:%=3*.FKJIAPFB6VXI*B,`3N`` M```````````````````````````````H1S4?5H;^^9YL5^RFZ`!$?(]]4=R_ M/-LL7\34`#:F``````````````````````````->.^'_`!$Y;/\`_H=:7_PM M;8`#8<`([RMEC'N$+$G,FY3N2GM&QK;12N3=P55')U[%`BMK&*"E4NDAZ*1D M'>VU=2A!=K97P-7$^!<3'2VC9]RW[<*]JVFIW9]NO+!.*;T3;XR<5V)OBS2R MR%4'.QZ0123TN?+J_P`3%O\`P,RA\1Q[O]3GB5_PNS_M:/\`2E;[0P_QU\S_ M`'"MB/\`J".6>YLX[K,68I,I!JQDW=\HYV1>GZB+DS,JA5GI45OG/^&D12BJ M36=%W-V6^OUR'IG^SKXH+I9=4?!0Y'?W?<][5WO+V=Y[_)R\WLZ)7_"[/^UH_P!*3_:& M'^.OF?[A;.2R]3OR6#7+/;H[AM;,C]34TDV::^G6B`.U7+FC)6BIG667B*L8 MZG634(0:$*Z2)13QU917:K;B7Q3)QU!)3[SVJWS-:'0O MIC7F[UB5MR6#?W6(WP^)=,O9Y?*ALH^$J]FWIYVXHNVG6U4\'W,^Q(.M M49GVU1*.O9/)A@_")*6_2PL3-C-1EW$,?)NPZI*5#TR;;*8YU4]:WRW]S9&I M:W4E7#:R\Z61]'7L5&7DXMRG;"-CMHMNIC.-_''A599CS4^>+ECUVQNL;ACW MEG=*-A+IV%QK<4K?(V;YB8&BEJ"EH)%<3*6CDNDI;WL^ MXXAJ232UM'6*?2MYHWV'5L.M\.[EXV''`PMQP)NW%RZ)34TXSKLY+K*N\IG% M+FJL4%.*E&,X#YE)*XXYIT2O-[[7:^XXN60L^]J-JJWO8=KLR-KNUY+%;1%2Y6XOA. MV,EHTUQ2/L'3'@'XN]9[+3U%TSLUN5LU_-W=JNQHJ7+)Q?LV70DM))KC%%6= MB^:9K=@O'[-ZV_7U>6Y!ZX8Z#*U;<:E("O0S74LA4NRJZ^XH2FH"IJ/N$D*0 M1FXI3J>!<",R^N^&'[(GBEXA=22V'K[#[MX.?L)>,_BGU=+IG=ZJ^GL..'9?\`%9#JOK;A*N*J5>/=*SFG MSMIZ-7AIUI=TIM6-#?L.NFJQ9>/*FBN?>1YG%5W MWQL3@_9;:T;XK5%G+#VDP-D^X6K3L'(5#<5QU-+65E-%L1-QT;CK%!3KJ:IP MGY*&HJ5)-,H-1D;A&?#H(S'R/JCPF\1>C=FLW[J+;+,;;*FDYRLIDDY/2*TA M;*7%\."/A_5?@5XK=#;1+?\`JS9[[IYR ME-A\Q2Z)=-Y6_?&+K=M+)-D2.*@*RDOEN3^40G5/4E30,M,,FE/;EH69R71A7=;C4R[^^&VYF5%0[9RP MX9JJE-1FWRR9XE;LQM?B:R%MY4PYA[,.9)^:I*FP M;(P'DIVS8B2LI4._<%PUUP265%5SL1)6?$TCBU.<3IY=7532I0HS(JN1DX^/ MF0VR7.\BJRV.3:M.ZA"JOO)6*'&V,FFE&B?TD^,DU%-F<"%N;B+='*$,')IH M^&AQ=KR,FQ4T8\Y:\DHV3?M9,%W526DTVT17%\T6[KFF(MVT=.\C3>.YBFC9 MNCR-49&L6'H?U3H9*R(W(]P/0=6ACDY5YF3E8>';RKCK=?CP5E3TG15=&V>JA)$=TK:8[NN M36[997TY$&TF\O%Q8YF137K[]-=*N2RN%<[:HU*.ML6OLG^9E?T7/R]N16GE MX3,DZQ=5Y8_;>R]CV'*^L+8QDIF%R[E%9U;#GZL.V=*Q;2**$JNM73;56VZP MI"262:>!D596/BW9+[CGVS'W'+_#6)A9<*98]G-'Z^V7>S4J*US054FY>U%. MVL>^W-LQ,:+G&W<\C:\&3]CXS=,:R<+<9Q?''I4(=Y'*L;KDFHJ.I@D;S::_ M(,'D.NQ-ARVY>X++NJ6@H2SIK+$N^+I;7=G8N9KT4L'3TEB)D:Y)4QE4. MU[2#X_A.MT"M+*R)8.%N./&,Z/#-NP;Y.ON5954EQ5%S1]37'26RQ>L)6=KMF,I+??MRXKE;I:,G*RI7 M*4[:ZAM*4(41>FGM]-V-N&Y;?-SVO$W2[$A*2T=D:[\JA3?9RRYL6?-!)Z:I M\VC.37FV0A@5Y2C\5E8=5EG+KI7=;1#)A7%/5SKECSC9WK<5&3[IKG6KVE!-K41<%FD MSX]`IY6?B8;4FC?ET(Q+=K5Q1DDLM1?%1D1<8*[DEQ,^!<5*MXB(N/NGT"C=U#LN/5*^_(A M"F$7*4GJE&*6K;;7!)<6SRD/'GPDLFH0WFIS;T2[G)[7_F3O?W/UIH^BNRG" ML+[JE*1*6*.;DTFY$2E9#UI*=BHJM9:6U7T+J%(4HED:3Z.'`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`6!34+"IJYT1+UH5U?>$Y'RBG&FHNG8H'*ME)/)6E*N`OXD++]Z?3\^.>K M]P3%@2DG5\9GR[_OL= MJ7'&A2L:Q_$6:PG["48\R.BS>8S?%XY"AX!C46_8W&LS<4$U39;KLC604>5@ M7)/W-94/?JK52UX=[95WO:572E$\>["H%L5QGVIXD%T-KQ[>+.3D[CC0VC.WS#YKL##R;:8Z MKDG8\;,KPLJ;A+C7"$[J94N3?Q$93Y-'7+7:4(2\:U^4A_R-VC__`#QNW_\` M'!L6`-E`````````````````````````````````"A'-1]6AO[YGFQ7[*;H` M$1\CWU1W+\\VRQ?Q-0`-J8``````````````````````````U>\S?(]A8@J= M`,H93N^`Q_CFRM_[+E+OO>ZY%B'MBV8VIULVBAZ:NG)BK4BCC*.HEY.FI4.O M*0@WZAM''BH@!F?I;>6'_CVU4\M%D_UL`'I;>6'_`(]M5/+19/\`6P`>EMY8 M?^/;53RT63_6P`AI.\W)21G%S99.TFD*<]NV6C'CF5RRA8/ZXKLQ%4=6F#.3 M\*];M!.'U>V<.WFSP9Z_:B)`[;ZDWY[#^B[R[_T>5_??#\S[OO--.;E\_H[- M>.FO$C[FKO>_Y5WNFFOET)E]+;RP_P#'MJIY:+)_K8<0D($V!W1Y+&T=MPEI M9OW+UENJ$MN?;N>#1$;05&/Y*-G&J.JCTUE//XXOZTI\DJHZUQM;)U)L+)7% M2#,DF6E5<*=QJW6KV=PHA.$)ZOA"R5++"EH\ M:=D)N+2?MUJ<823:UC**LFDXM/231\<%M[R/;:E(:;AMJ-/*69M^AAXZ*E7< M[P]=(L4L!+KGHDGJV0NRJJ*Y^DEG5/=N?4Z\X:C):E)Z!8=TWC_">RL;2E=@;^0_LO55<8]&7,9KG6K3@ZO(3\)C M6HDGE&ZNHMJGB*@GC-Q+A+,U"I''JCMGV0D_@U;58M6W9&5$U;3RWMN^,*K% M&==<;%7!PKTBN[KY9JY=UN]6^5J*W"F,U'V8]U](DK'*C3N)RL6JLG.N4IQG M9&;:ML4I@P=O;R:=<+.58>'MS]7;9MQV1J9:J1);(4][3 MESW7+N-L-(::[JK7288;0TV2&T)25VW)NNJKHL:[JJ+44DEHI2E.6NB7,W*3 M;E+63[-=$DJ\**Z[9W1YG9/35N4I:)+11BFVH17%\D%&/,Y2TYI2;F7TMO+# M_P`>VJGEHLG^MA`3#TMO+#_Q[:J>6BR?ZV`$3YDW[Y-FP=I,V)F3<+4.^[28 MF:.X&863SA;=+3MS,?3UM+1UZ78JXX^J)UBGD7T$7;.J9.'Q(^@>RZ&\0>L? M#7>9=0]#Y]NW;S*B5+MKC"3=4W&4H:60G'1RA%]FNL5HSW_AOXI=?^$74$NJ MO#C*O4MG6'B M#N%NY]26U5UROLC7&3A5'EKCI5"$-(QX+2.OG;),5S;.6$HC2K?750R41D9? M+19/21EP,O\`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`73+WEB36BR?ZV%0E'I;>6'_CVU4\M%D_UL`.I_FS\K^I9=IWM]-5%L MOMK9=1\M5EIZS;B30M/61+I6GK)/AQ(R,ZN_V;/QK,>^O MFG#O*;H.NR'-7*,X\T)..L)1DM>#3XF]5DZ;(VUO2R+33\S7%/B8W:_,WY2U MDL55+:.ZNH%NTM=5.UM731.7[&HZ>HK7UJ1WD<=2C3'^59%_*JXSE&*ARZ1>G8 MDD4HQJ[BFNFJCO)SY:ZJZHN=CUG-JN,4Y3?&4GJV^+>IE/I;>6'_`(]M5/+1 M9/\`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`EA MSQ4HRV^+C0_>Y(-TODES:]Y!?#T\L+>>,.ZAR)\J5DGS9E<(6N/L MOZ/W9UN.G)+']F6`JUC_\`5JK% M>%7IKV\N*W2N;7V7J]9<2I;13?C9&'9%/%RK+;+8]BG.^^&3;)Z::<]]<+&E MHDXI)):IR[Z6WEA_X]M5/+19/];#!*8OR>I6-G]`\;W#"UK$I!7'E[<2Y("6 MHU&Y0S-OW!N=L#,P,U'/\"*IC)F(KF:JF>3[QYAU"TF:5$8`V;@````````` M```````````````````````*$;%?LIN@`1'R/?5'I1VJI89J&^)*[6^TAU'6+L*Z MCB5)XEQ[(`^/P-#_`**C?S&E_)`!X&A_T5&_F-+^2`#P-#_HJ-_,:7\D`'@: M'_14;^8TOY(`/`T/^BHW\QI?R0`>!H?]%1OYC2_D@`\#0_Z*C?S&E_)`!X&A M_P!%1OYC2_D@`\#0_P"BHW\QI?R0`>!H?]%1OYC2_D@`\#0_Z*C?S&E_)`!X M&A_T5&_F-+^2`#P-#_HJ-_,:7\D`'@:'_14;^8TOY(`/`T/^BHW\QI?R0`>! MH?\`14;^8TOY(`/`T/\`HJ-_,:7\D`'@:'_14;^8TOY(`/`T/^BHW\QI?R0` M>!H?]%1OYC2_D@`\#0_Z*C?S&E_)`!X&A_T5&_F-+^2`#P-#_HJ-_,:7\D`' M@:'_`$5&_F-+^2`#P-#_`**C?S&E_)`!X&A_T5&_F-+^2`#P-#_HJ-_,:7\D M`'@:'_14;^8TOY(`/`T/^BHW\QI?R0`>!H?]%1OYC2_D@`\#0_Z*C?S&E_)` M!X&A_P!%1OYC2_D@`\#0_P"BHW\QI?R0`>!H?]%1OYC2_D@`\#0_Z*C?S&E_ M)`!X&A_T5&_F-+^2`#P-#_HJ-_,:7\D`/N:::8;2TRVVRT@N"&VD);;07'CP M2A!$E)<3]P@!V`````````````````````````````````*$;% M?LIN@`1'R/?5';%?LIN@`1'R/?5' XML 21 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 22 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6

Organization
12 Months Ended

Dec. 31, 2011

Organization [Abstract]

Organization

Note 1. Organization

On October 14, 2011, NTELOS Holdings Corp. ("NTELOS") announced a distribution date of October 31, 2011 for the spin-off of all of the issued and outstanding shares of common stock of Lumos Networks, which operated NTELOS's wireline operations (the "Business Separation"). Prior to and in connection with the Business Separation, following the market close on October 31, 2011, NTELOS effectuated a 1-for-2 reverse stock split (the "Reverse Stock Split") of its shares of Common Stock, $0.01 par value (the "Common Stock"). The spin-off of Lumos Networks was in the form of a tax-free stock distribution to NTELOS stockholders of record as of the close of business on October 24, 2011, the record date (the "Distribution"). On October 31, 2011, NTELOS distributed one share of Lumos Networks common stock for every share of NTELOS's common stock outstanding, on a post-Reverse Stock Split basis.

In connection with the Business Separation, Lumos Networks paid $315 million to NTELOS on October 31, 2011 (i) to settle with cash the intercompany debt owed to NTELOS as of the Business Separation date ($177.1 million) and, with the balance, (ii) to fund a mandatory repayment on NTELOS's credit facility resulting from the Business Separation.

Lumos Networks is a fiber-based network service provider in the Mid-Atlantic region. The Company serves carrier, business and residential customers over a dense fiber network offering data, IP services and voice services utilizing an on-network service strategy. Following a contiguous regional expansion strategy, the Company has expanded from the base rural local exchange carrier ("RLEC") service territory in rural western Virginia to its current six state regional presence including western Virginia, West Virginia, and portions of Pennsylvania, Maryland, Ohio and Kentucky. The Company's growth into a regional service provider has been achieved by pursuing organic growth opportunities and complementary acquisitions.

On December 1, 2010, the Company acquired from One Communications Corp. ("OCC") all of the membership interest of Mountaineer Telecommunication, LLC (hereinafter referred to as "FiberNet") for net cash consideration at closing of $162.5 million. FiberNet is a facility-based Competitive Local Exchange Carrier ("CLEC") headquartered in Charleston, West Virginia. FiberNet offers voice, data, and IP-based services in West Virginia and portions of Ohio, Maryland, Pennsylvania, Virginia and Kentucky and had approximately 30,000 customer accounts as of the acquisition date and has an extensive fiber network. The FiberNet network provides enhancements that add diversity and capacity to the Company's combined network of approximately 5,800 route-miles and the increased density provides immediate access to more enterprise customers in new tier two and three markets. NTELOS Inc. funded the acquisition through a combination of a $125 million incremental term loan under its existing senior secured credit facility and cash on hand. The $162.5 million net cash outlay for this purchase transaction was funded by Lumos Networks through an increase to its intercompany obligation with NTELOS Inc., which obligation was settled on October 31, 2011 through the aforementioned $315 million cash payment to NTELOS. Under the terms of the purchase agreement, $5.0 million of the purchase price was put in escrow.

The Company finalized its acquisition accounting related to the purchase of FiberNet prior to December 1, 2011 and recorded the following adjustments, which are reflected in the consolidated balance sheet as of December 31, 2010:

Increase

(In thousands) (decrease)

Assets acquired

Current assets $ 386

Property, plant and equipment 50

Goodwill (844 )

Total assets acquired (408 )

Liabilities assumed

Current liabilities (400 )

Long-term debt (capital leases) (8 )

Total liabilities assumed $ (408 )

X

- Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- 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

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

EXCEL 23 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=%\T9#(P8F,X-U]E8V(V7S0Q8C5?.#$S-5]D,&4S M9#$P.68P8V,B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!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-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D-O;G-O;&ED871E9%]3=&%T96UE;G1S7T]F7T5Q M=3PO>#I.86UE/@T*("`@(#QX.E=O#I7;W)K#I7;W)K#I7;W)K#I7;W)K#I%>&-E;%=O5]$:7-C;&]S=7)E#I%>&-E;%=O#I%>&-E M;%=O3PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E-T;V-K7U!L86YS/"]X.DYA;64^#0H@("`@/'@Z M5V]R:W-H965T4V]U#I%>&-E;%=O&5S/"]X.DYA;64^#0H@ M("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I% M>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O=&5C M=%-T#I0#I0 M#I0&UL/CPA6V5N9&EF72TM/@T*/"]H96%D/@T* M("`\8F]D>3X-"B`@(#QP/E1H:7,@<&%G92!S:&]U;&0@8F4@;W!E;F5D('=I M=&@@36EC'1087)T7S1D,C!B8S@W7V5C8C9? M-#%B-5\X,3,U7V0P93-D,3`Y9C!C8PT*0V]N=&5N="U,;V-A=&EO;CH@9FEL M93HO+R]#.B\T9#(P8F,X-U]E8V(V7S0Q8C5?.#$S-5]D,&4S9#$P.68P8V,O M5V]R:W-H965T'0O:F%V87-C3X-"B`@ M("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^9F%L'0^1&5C(#,Q+`T*"0DR M,#$Q/'-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*("`@("`@/'1R M(&-L87-S/3-$'0^,C`Q,3QS<&%N/CPO'0^1ED\2!296=I'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$"!+97D\+W1D/@T*("`@("`@("`\=&0@8VQA2!&:6QE3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^3F]N+6%C M8V5L97)A=&5D($9I;&5R/'-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@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$2!796QL+6MN;W=N(%-E87-O;F5D($ES'0^3F\\2!#=7)R M96YT(%)E<&]R=&EN9R!3=&%T=7,\+W1D/@T*("`@("`@("`\=&0@8VQA2!&:6QE'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-$'0O:F%V87-C3X-"B`@ M("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'1U2P@<&QA;G0@86YD(&5Q=6EP;65N M="P@;F5T/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR.3DL.34X M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$F5D(#$P,"!S:&%R97,[(#`@:7-S=65D(&%N9"!O=71S=&%N M9&EN9R!I;B`R,#$Q(&%N9"`R,#$P/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&5X=#XF;F)S<#LF;F)S<#L\'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3PO M=&0^#0H@("`@("`@(#QT9"!C;&%S3PO=&0^#0H@("`@("`@(#QT9"!C;&%S3PO=&0^#0H@("`@("`@(#QT9"!C;&%S3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\T9#(P8F,X-U]E8V(V7S0Q8C5?.#$S-5]D,&4S9#$P.68P8V,-"D-O;G1E M;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-&0R,&)C.#=?96-B-E\T,6(U7S@Q M,S5?9#!E,V0Q,#EF,&-C+U=O'0O:'1M;#L@8VAA'1087)T7S1D,C!B8S@W7V5C8C9?-#%B-5\X,3,U7V0P93-D,3`Y9C!C8PT* M0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B\T9#(P8F,X-U]E8V(V7S0Q M8C5?.#$S-5]D,&4S9#$P.68P8V,O5V]R:W-H965T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA&-E<'0@4&5R(%-H87)E(&1A=&$L('5N;&5S'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+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@ M(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T9#(P8F,X M-U]E8V(V7S0Q8C5?.#$S-5]D,&4S9#$P.68P8V,-"D-O;G1E;G0M3&]C871I M;VXZ(&9I;&4Z+R\O0SHO-&0R,&)C.#=?96-B-E\T,6(U7S@Q,S5?9#!E,V0Q M,#EF,&-C+U=O'0O:'1M;#L@8VAA2!O<&5R871I;F<@86-T M:79I=&EE'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$2UB87-E M9"!C;VUP96YS871I;VX@97AP96YS93PO=&0^#0H@("`@("`@(#QT9"!C;&%S MF%T:6]N(&]F(&QO86X@ M;W)I9VEN871I;VX@8V]S=',\+W1D/@T*("`@("`@("`\=&0@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@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$2!O<&5R871I;F<@86-T:79I=&EE 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@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$2P@26YC+CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'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 M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3PO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6UE;G1S(&]N('-E;FEO M6UE;G1S(&]N(')E=F]L=FEN9R!C'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'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-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S65A'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'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@("`@("`@(#QT9"!C;&%S65E('-T;V-K('!U'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 M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]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@("`@("`@(#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@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M7!E M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@ M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA2`H4&%R96YT:&5T:6-A;"D@*%531"`D*3QB'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$F%T:6]N(&]F('5N M3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\T9#(P8F,X-U]E8V(V7S0Q8C5?.#$S-5]D,&4S9#$P.68P M8V,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-&0R,&)C.#=?96-B M-E\T,6(U7S@Q,S5?9#!E,V0Q,#EF,&-C+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`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`L('1H92!#;VUP86YY(&%C<75I2!A;F0@:&%D M(&%P<')O>&EM871E;'D@,S`L,#`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`S<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O M;G0M9F%M:6QY.B!4:6UE6QE/3-$)W1E M>'0M:6YD96YT.B`S<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE#LG(&%L:6=N/3-$;&5F=#X\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@ M3F5W(%)O;6%N+%1I;65S+'-EF4],T0R/B0\+V9O;G0^/"]T9#X-"CQT9"!A;&EG;CTS M1')I9VAT/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE'1087)T M7S1D,C!B8S@W7V5C8C9?-#%B-5\X,3,U7V0P93-D,3`Y9C!C8PT*0V]N=&5N M="U,;V-A=&EO;CH@9FEL93HO+R]#.B\T9#(P8F,X-U]E8V(V7S0Q8C5?.#$S M-5]D,&4S9#$P.68P8V,O5V]R:W-H965T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/&1I=CX@/'`@6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/DYO=&4@,BX@4F5L871I;VYS:&EP('=I=&@@ M3E1%3$]3/"]F;VYT/CPO8CX\+W`^#0H-"CQP('-T>6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97-. M97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E2!E;G1E2!A;F0@3E1%3$]3(&=O:6YG(&9O2!A9W)E96UE;G1S+B!4 M:&4@0V]M<&%N>2!A;'-O(&5N=&5R960@:6YT;R!A('1R86YS:71I;VX@2!R96QA=&5D('1O('1H92!T2!T6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE"!R97-U;'1I;F<@9G)O;2!T:&4@1&ES=')I M8G5T:6]N('1O('1H92!E>'1E;G0@=&AA="!S=6-H('1A>"!R97-U;'1E9"!F M2!O9B!T:&4@9F]L;&]W:6YG(&5V96YT2!M97)G97(@;W(@;W1H M97)W:7-E+"`H,BD@86YY(&YE9V]T:6%T:6]N2P@2!T:&4@0V]M<&%N>2!O9B!C M97)T86EN(&]F(&ET2=S(&EN9&5M;FEF:6-A=&EO;B!O8FQI9V%T:6]NF4],T0R/E!U7!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@8VAA'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M3H@5&EM97-.97=2;VUA;E!3+4ET86QI M8TU4+%1I;65S($YE=R!2;VUA;BQ4:6UEF4],T0R/D%C8V]U;G1I;F<@17-T:6UA=&5S/"]F;VYT/CPO:3X\+W`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`R,#$Q+"!A;&P@;V8@=&AE($-O;7!A M;GDGF4],T0R/E!R:6]R('1O('1H92!" M=7-I;F5S2!O9B!C87-H(&1I2!O9B!C87-H(')E M8V5I<'1S(&9O2!.5$5,3U,@26YC+B!A;F0@<&%Y;65N=',@;6%D92!B>2!.5$5, M3U,@26YC+B!W:&EC:"!R96QA=&5D('1O($QU;6]S($YE='=O2!T:&4@0V]M<&%N>2!A2!E<75A;"!T;R!.5$5,3U,@26YC+B=S('=E:6=H=&5D(&%V97)A M9V4@;&]N9RUT97)M(&)OF%T:6]N("AF;W(@8F%L86YC97,@9'5E('1O($Y4 M14Q/4R!);F,N*2!A;F0@3E1%3$]3($EN8RXG6QE M/3-$)V9O;G0M9F%M:6QY.B!4:6UE2!#;W5N='DL(%9I M&EM871E;'D@)#@@;6EL;&EO;BD@:7,@8F5I M;F<@9G5N9&5D(&)Y(&$@9W)A;G0@9G)O;2!T:&4@9F5D97)A;"!G;W9E'!E;F1I='5R97,@/"]F M;VYT/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE'!E;F1I='5R97,@=&AR;W5G:"!$96-E;6)E6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[)SX\:3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97-.97=2 M;VUA;E!3+4ET86QI8TU4+%1I;65S($YE=R!2;VUA;BQ4:6UEF4],T0R/E1R861E($%C8V]U;G1S(%)E8V5I=F%B M;&4\+V9O;G0^/"]I/CPO<#X-"@T*/'`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`H:6YC;'5D:6YG M(&=O;V1W:6QL*2P@=&AE('-T97`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`S M,CPO9F]N=#X\+V(^/"]T9#X\+W1R/@T*/'1R('9A;&EG;CTS1&)O='1O;3X\ M=&0@=VED=&@],T0W,R4@86QI9VX],T1L969T/CQF;VYT('-T>6QE/3-$)V9O M;G0M9F%M:6QY.B!4:6UE3H@5&EM97-.97=2 M;VUA;E!3+4)O;&1-5"Q4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$ M)V)O3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE3H@ M5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/B0\+V9O;G0^/"]B/CPO=&0^#0H\=&0@3H@5&EM M97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE#LG/B9N8G-P.SPO<#X-"@T*/'`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`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`V-3%P>#L@:&5I9VAT.B`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`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`R,#$Q(&%N M9"`R,#$P.CPO9F]N=#X\+W`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`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`C,#`P M,#`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`Q+"`R,#$R+CPO9F]N=#X\+W`^(#PO9&EV/CQS<&%N/CPO7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N M+%1I;65S+'-EF4],T0R/CH@5&AE($-O;7!A;GD@9&ER96-T;'D@;W(@:6YD:7)E8W1L>2!O M=VYS(&%P<')O>&EM871E;'D@-2PX,#`@6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[)SX\:3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97-.97=2 M;VUA;E!3+4ET86QI8TU4+%1I;65S($YE=R!2;VUA;BQ4:6UEF4],T0R/E),14,\+V9O;G0^/"]I/CQF;VYT('-T M>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE'!E;G-E6QE/3-$)V9O;G0M9F%M M:6QY.B!4:6UEF4],T0R/E-U M;6UA'0M:6YD96YT.B`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`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`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`Q<'@[)R!A;&EG;CTS1&QE9G0^/&(^/&9O;G0@3H@5&EM97-.97=2;VUA;E!3 M+4)O;&1-5"Q4:6UE6QE/3-$)V9O M;G0M9F%M:6QY.B!4:6UEF4],T0R/C$T,BPV M,C$\+V9O;G0^/"]B/CPO=&0^#0H\=&0@86QI9VX],T1L969T/B9N8G-P.SPO M=&0^#0H\=&0@86QI9VX],T1L969T/CQB/CQF;VYT('-T>6QE/3-$)V9O;G0M M9F%M:6QY.B!4:6UEF4],T0R/B0\+V9O;G0^ M/"]B/CPO=&0^#0H\=&0@86QI9VX],T1R:6=H=#X\8CX\9F]N="!S='EL93TS M1"=F;VYT+69A;6EL>3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE6QE/3-$)VUAF4],T0Q/B@Q*2`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`Q<'@[ M)R!W:61T:#TS1#0P)2!A;&EG;CTS1&QE9G0^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I M;65S+'-E'!E;G-E/"]F;VYT/CPO=&0^#0H\=&0@=VED=&@] M,T0R)2!A;&EG;CTS1&QE9G0^)FYB6QE/3-$)V9O;G0M9F%M:6QY.B!4 M:6UEF4],T0R/C3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I M;65S+'-EF4],T0R/C$L-3(Y/"]F;VYT/CPO M=&0^/"]T6QE/3-$)W1E M>'0M:6YD96YT.B`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`Q<'@[)R!W:61T:#TS M1#0P)2!A;&EG;CTS1&QE9G0^/&9O;G0@F4],T0R/D=O;V1W:6QL/"]F;VYT/CPO=&0^ M#0H\=&0@=VED=&@],T0R)2!A;&EG;CTS1&QE9G0^)FYB6QE/3-$)V9O M;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)W1E>'0M:6YD96YT.B`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`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`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`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`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`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`L(')E2X@5&AE(&QO;F2!R97!R97-E;G1S('1H92`D,38R+C4@;6EL M;&EO;B!C87-H(&-O;G-I9&5R871I;VX@<&%I9"!F;W(@=&AE(&%C<75I2!A6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX\:3X\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3H@5&EM97-.97=2;VUA;E!3+4ET86QI8TU4+%1I;65S($YE M=R!2;VUA;BQ4:6UEF4],T0R/D-A M<&ET86P@;&5A6QE/3-$)V9O M;G0M9F%M:6QY.B!4:6UE2!H87,@96YT97)E9"!I;G1O(&-A<&ET86P@;&5A6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE2!H87,@)#`N."!M:6QL:6]N(&]F(&-A<&ET86P@;&5A2!O;B!T96QE<&AO;GD@97%U:7!M96YT(&9R;VT@=&AE($9I8F5R3F5T M(&%C<75I'1087)T M7S1D,C!B8S@W7V5C8C9?-#%B-5\X,3,U7V0P93-D,3`Y9C!C8PT*0V]N=&5N M="U,;V-A=&EO;CH@9FEL93HO+R]#.B\T9#(P8F,X-U]E8V(V7S0Q8C5?.#$S M-5]D,&4S9#$P.68P8V,O5V]R:W-H965T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!$ M:7-C;&]S=7)E2!$:7-C;&]S=7)E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^ M/&1I=CX@/'`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`Q<'@[ M)R!A;&EG;CTS1&QE9G0^/&9O;G0@F4],T0R/F%C=&EV:71I97,Z/"]F;VYT/CPO=&0^ M#0H\=&0@86QI9VX],T1L969T/B9N8G-P.SPO=&0^#0H\=&0@86QI9VX],T1L M969T/B9N8G-P.SPO=&0^#0H\=&0@86QI9VX],T1L969T/B9N8G-P.SPO=&0^ M#0H\=&0@86QI9VX],T1L969T/B9N8G-P.SPO=&0^#0H\=&0@86QI9VX],T1L M969T/B9N8G-P.SPO=&0^#0H\=&0@86QI9VX],T1L969T/B9N8G-P.SPO=&0^ M/"]T6QE/3-$)W1E>'0M M:6YD96YT.B`R<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@6QE/3-$)W1E>'0M:6YD M96YT.B`U<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@F4],T0R/F]T:&5R(&%C8W)U960@ M;&EA8FEL:71I97,\+V9O;G0^/"]T9#X-"CQT9"!A;&EG;CTS1&QE9G0^)FYB M6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/C(L M.3`P/"]F;VYT/CPO8CX\+W1D/@T*/'1D(&%L:6=N/3-$;&5F=#XF;F)S<#L\ M+W1D/@T*/'1D(&%L:6=N/3-$3H@5&EM97-.97=2 M;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)W1E>'0M:6YD96YT.B`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`@ M("`\=&%B;&4@8VQA'0^/&1I=CX@/'`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`R<'@[)R!A;&EG;CTS1&QE9G0^/&(^/&9O;G0@6QE/3-$)W1E>'0M:6YD96YT.B`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`U<'@[)R!A;&EG;CTS1&QE9G0^/&(^/&9O M;G0@6QE/3-$)W1E>'0M:6YD96YT.B`Y<'@[)R!A;&EG;CTS1&QE M9G0^/&(^/&9O;G0@3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE6QE/3-$ M)W1E>'0M:6YD96YT.B`R<'@[)R!A;&EG;CTS1&QE9G0^/&(^/&9O;G0@6QE/3-$)W1E>'0M:6YD96YT.B`U<'@[)R!A;&EG M;CTS1&QE9G0^/&(^/&9O;G0@6QE/3-$)W1E>'0M:6YD96YT.B`T<'@[)R!A;&EG;CTS1&QE9G0^ M/&(^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.B!4 M:6UEF4],T0R/C,R-"PU,#`\+V9O;G0^/"]B M/CPO=&0^#0H\=&0@86QI9VX],T1L969T/B9N8G-P.SPO=&0^#0H\=&0@86QI M9VX],T1R:6=H=#X\8CX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM M97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE6QE/3-$)V9O;G0M M9F%M:6QY.B!4:6UEF4],T0R/C(L,#3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE M6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/B0\+V9O;G0^/"]B/CPO=&0^#0H\=&0@86QI M9VX],T1R:6=H=#X\8CX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM M97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY M.B!4:6UE3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@ M3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE M3H@ M5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N M+%1I;65S+'-E3H@5&EM97-.97=2;VUA M;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-EF4],T0R/B0\+V9O;G0^/"]T9#X- M"CQT9"!A;&EG;CTS1')I9VAT/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY M.B!4:6UEF4],T0R/C(L,3`U/"]F;VYT/CPO=&0^#0H\=&0@86QI M9VX],T1L969T/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE3H@5&EM97-.97=2;VUA M;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)VUAF4],T0R/D]F('1H M92!L;VYG+71E2!R96QA=&5D('1O('!A M=')O;F%G92!D:7-T2!#;T)A M;FLN(%1H:7,@:6YV97-T;65N="!I2!W87,@&EM M871E;'D@)#$U-2!M:6QL:6]N(&%T($1E8V5M8F5R(#,Q+"`R,#$Q*2!E87)L M>2!I;B!T:&4@9FER2`R M,#$R+"!T:&4@0V]M<&%N>2!E;G1E2!T M:&4@0V]M<&%N>2!S=V%P3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T M9#(P8F,X-U]E8V(V7S0Q8C5?.#$S-5]D,&4S9#$P.68P8V,-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-&0R,&)C.#=?96-B-E\T,6(U7S@Q,S5? M9#!E,V0Q,#EF,&-C+U=O'0O:'1M;#L@8VAA6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX\8CX\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4 M:6UE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@ M3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)V9O;G0M9F%M:6QY.B!4 M:6UE2!C;VUM M;VX@2!A6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE"!S;VQI9#LG(&%L:6=N/3-$;&5F=#X\:3X\9F]N="!S='EL93TS1"=F;VYT M+69A;6EL>3H@5&EM97-.97=2;VUA;E!3+4ET86QI8TU4+%1I;65S($YE=R!2 M;VUA;BQ4:6UEF4],T0R/BA);B!T M:&]U6QE/3-$)V)O3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE6QE/3-$)V)O3H@5&EM97-.97=2;VUA;E!3 M350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE M"!S;VQI9#LG(&%L:6=N/3-$"!S;VQI9#LG(&%L:6=N/3-$;&5F=#X\ M8CX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97-.97=2;VUA;E!3 M+4)O;&1-5"Q4:6UE3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S M+'-E6QE M/3-$)W1E>'0M:6YD96YT.B`R<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/B@S-3(\+V9O;G0^/"]B/CPO=&0^#0H\=&0@86QI9VX] M,T1L969T/CQB/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/BD\+V9O;G0^/"]B/CPO=&0^/"]T6QE/3-$)W1E>'0M:6YD96YT M.B`R<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@F4],T0R/DQE6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/B@S/"]F;VYT/CPO8CX\+W1D/@T*/'1D('-T M>6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE MF4],T0R/BD\+V9O;G0^/"]B/CPO=&0^/"]T M6QE/3-$)W1E>'0M:6YD M96YT.B`R<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@F4],T0R/D1E;F]M:6YA=&]R(&9O M3H@5&EM97-.97=2 M;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/C(P+#@Q-3PO9F]N=#X\+V(^/"]T9#X-"CQT9"!A;&EG M;CTS1&QE9G0^)FYB3H@5&EM97-.97=2;VUA;E!3 M350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)V9O;G0M9F%M M:6QY.B!4:6UEF4],T0R/BT\+V9O;G0^/"]B M/CPO=&0^#0H\=&0@86QI9VX],T1L969T/B9N8G-P.SPO=&0^/"]T6QE/3-$)W1E>'0M:6YD96YT.B`R M<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@F4],T0R/E!L=7,Z(&-O;6UO;B!S=&]C:R!E M<75I=F%L96YT6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/BT\+V9O;G0^/"]B/CPO=&0^#0H\=&0@ M3H@5&EM97-.97=2;VUA M;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)W1E>'0M:6YD96YT.B`S<'@[)R!A;&EG;CTS1&QE9G0^/&9O M;G0@F4] M,T0R/F]U='-T86YD:6YG/"]F;VYT/CPO=&0^#0H\=&0@6QE/3-$)V)O#LG/B9N8G-P.SPO<#X-"@T*/'`@6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`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`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`C,#`P,#`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`Q<'@[)R!A;&EG;CTS1&-E;G1E3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O M;6%N+%1I;65S+'-E6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V)O3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O M;6%N+%1I;65S+'-E6QE/3-$)V)O'0M:6YD96YT.B`Q<'@[ M)R!A;&EG;CTS1&-E;G1E3H@ M5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)V9O;G0M9F%M:6QY.B!4 M:6UE3H@ M5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)V)O3H@5&EM97-. M97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V)O'0M:6YD96YT.B`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`Q M+"`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`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`Y9C!C M8PT*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B\T9#(P8F,X-U]E8V(V M7S0Q8C5?.#$S-5]D,&4S9#$P.68P8V,O5V]R:W-H965T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA&5S/&)R/CPO'0^/&1I=CX@/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/DYO=&4@,3`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`R<'@[)R!A;&EG;CTS1&QE M9G0^/&9O;G0@F4],T0R/E-T871E/"]F;VYT/CPO=&0^#0H\=&0@6QE M/3-$)V)O3H@5&EM97-.97=2 M;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E6QE/3-$)V)O3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W M(%)O;6%N+%1I;65S+'-E6QE/3-$)V)O3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V)O3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O M;6%N+%1I;65S+'-E6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)W1E>'0M:6YD96YT M.B`R<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@F4],T0R/D9E9&5R86P\+V9O;G0^/"]T M9#X-"CQT9"!A;&EG;CTS1&QE9G0^)FYB6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/B@S+#8U-SPO9F]N=#X\+V(^/"]T9#X- M"CQT9"!A;&EG;CTS1&QE9G0^/&(^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R M/C,L,S6QE/3-$)V)O6QE M/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY M.B!4:6UEF4],T0R/B@T+#0U,SPO9F]N=#X\ M+V(^/"]T9#X-"CQT9"!S='EL93TS1"=B;W)D97(M8F]T=&]M.B`C,#`P,#`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`@2!A M<'!L>6EN9R!T:&4@9W)A9'5A=&5D('-T871U=&]R>2!F961E6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE"!S;VQI9#LG(&%L:6=N/3-$ M;&5F=#XF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY M.B!4:6UE6QE/3-$)V)O3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N M+%1I;65S+'-E6QE/3-$)V)O3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W M(%)O;6%N+%1I;65S+'-E2!F961E M6QE/3-$)W1E>'0M:6YD96YT.B`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`R<'@[)R!A;&EG;CTS M1&QE9G0^/&9O;G0@F4],T0R/G1A>"!B96YE9FET("AE>'!E;G-E*3PO9F]N=#X\+W1D M/@T*/'1D(&%L:6=N/3-$;&5F=#XF;F)S<#L\+W1D/@T*/'1D(&%L:6=N/3-$ M6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/C$L.#$V/"]F;VYT/CPO=&0^ M#0H\=&0@86QI9VX],T1L969T/B9N8G-P.SPO=&0^/"]T6QE/3-$)V)O6QE/3-$)V9O M;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE MF4],T0R/C8R,CPO9F]N=#X\+V(^/"]T9#X- M"CQT9"!S='EL93TS1"=B;W)D97(M8F]T=&]M.B`C,#`P,#`P(#%P>"!S;VQI M9#LG(&%L:6=N/3-$;&5F=#XF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)V)O M6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M M9F%M:6QY.B!4:6UE"!D;W5B;&4[)R!A;&EG;CTS1')I9VAT/CQB M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/B@T+#,X,SPO9F]N=#X\+V(^/"]T9#X-"CQT9"!S='EL M93TS1"=B;W)D97(M8F]T=&]M.B`C,#`P,#`P(#-P>"!D;W5B;&4[)R!A;&EG M;CTS1&QE9G0^/&(^/&9O;G0@F4],T0R/B0\+V9O;G0^/"]T9#X-"CQT9"!S='EL M93TS1"=B;W)D97(M8F]T=&]M.B`C,#`P,#`P(#-P>"!D;W5B;&4[)R!A;&EG M;CTS1')I9VAT/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE"!D;W5B;&4[)R!A;&EG;CTS1&QE9G0^/&9O;G0@ MF4],T0R M/B0\+V9O;G0^/"]T9#X-"CQT9"!S='EL93TS1"=B;W)D97(M8F]T=&]M.B`C M,#`P,#`P(#-P>"!D;W5B;&4[)R!A;&EG;CTS1')I9VAT/CQF;VYT('-T>6QE M/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)VUAF4],T0R/E1H92!#;VUP86YY(')E8V]G;FEZ960@82!T87@@8F5N969I M="!O9B`D,2XX(&UI;&QI;VX@:6X@86-C=6UU;&%T960@;W1H97(@8V]M<')E M:&5N65E(&)E;F5F:70@<&QA;B!L:6%B:6QI=&EE M2X\+V9O;G0^/"]P/@T*#0H\<"!S='EL93TS1"=T97AT+6%L:6=N.B!L M969T.R<^/&9O;G0@F4],T0R/DYE="!D969E"!S;VQI9#LG(&%L:6=N/3-$ M;&5F=#X\:3X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97-.97=2 M;VUA;E!3+4ET86QI8TU4+%1I;65S($YE=R!2;VUA;BQ4:6UEF4],T0R/BA);B!T:&]U6QE/3-$)V)O'0M M:6YD96YT.B`Q<'@[)R!A;&EG;CTS1&QE9G0^/&(^/&9O;G0@"!S;VQI9#LG(&%L:6=N/3-$;&5F=#XF;F)S<#L\+W1D M/@T*/'1D('-T>6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE3H@5&EM M97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E"!A6QE/3-$)W1E>'0M M:6YD96YT.B`T<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.B!4 M:6UEF4],T0R/B0\+V9O;G0^/"]B/CPO=&0^ M#0H\=&0@86QI9VX],T1R:6=H=#X\8CX\9F]N="!S='EL93TS1"=F;VYT+69A M;6EL>3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE6QE/3-$)V9O;G0M M9F%M:6QY.B!4:6UE6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4] M,T0R/C4L,#(P/"]F;VYT/CPO8CX\+W1D/@T*/'1D(&%L:6=N/3-$;&5F=#XF M;F)S<#L\+W1D/@T*/'1D(&%L:6=N/3-$6QE M/3-$)W1E>'0M:6YD96YT.B`T<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@3H@5&EM97-.97=2;VUA;E!3+4)O M;&1-5"Q4:6UE3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W M(%)O;6%N+%1I;65S+'-E'!E;G-E3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I M;65S+'-E6QE/3-$)W1E M>'0M:6YD96YT.B`T<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/C(T+#4S-SPO9F]N=#X\+V(^/"]T9#X-"CQT9"!S='EL M93TS1"=B;W)D97(M8F]T=&]M.B`C,#`P,#`P(#%P>"!S;VQI9#LG(&%L:6=N M/3-$;&5F=#XF;F)S<#L\+W1D/@T*/'1D('-T>6QE/3-$)V)O6QE/3-$)W1E>'0M M:6YD96YT.B`T<'@[)R!A;&EG;CTS1&QE9G0^/&9O;G0@6QE/3-$ M)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/C4W M+#`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`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`Q,2!A;F0@,C`P."TR M,#$Q+"!R97-P96-T:79E;'DN/"]F;VYT/CPO<#X\+V1I=CX@/"]D:78^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`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`C,#`P,#`P(#%P>"!S;VQI9#LG('=I9'1H/3-$ M,R4@86QI9VX],T1C96YT97(^)FYB6QE/3-$)V9O;G0M9F%M:6QY.B!4 M:6UEF4],T0R/D)E;F5F:70@4&QA;G,\+V9O M;G0^/"]B/CPO=&0^#0H\=&0@6QE/3-$)V9O M;G0M9F%M:6QY.B!4:6UEF4],T0R/D1E8V5M M8F5R(#,Q+#PO9F]N=#X\+V(^/"]T9#X-"CQT9"!W:61T:#TS1#,E(&%L:6=N M/3-$;&5F=#XF;F)S<#L\+W1D/CPO='(^#0H\='(@=F%L:6=N/3-$8F]T=&]M M/CQT9"!S='EL93TS1"=B;W)D97(M8F]T=&]M.B`C,#`P,#`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`C,#`P,#`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`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`\+V9O;G0^ M/"]B/CPO=&0^#0H\=&0@=VED=&@],T0S)2!A;&EG;CTS1')I9VAT/CQB/CQF M;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UEF4],T0R/B4\+V9O;G0^/"]B/CPO=&0^#0H\=&0@F4] M,T0R/C0N-C`\+V9O;G0^/"]T9#X-"CQT9"!W:61T:#TS1#,E(&%L:6=N/3-$ M6QE/3-$)V9O;G0M9F%M:6QY.B!4 M:6UEF4],T0R/C0N,S`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`S<'@[)R!W:61T:#TS1#$Y)2!A;&EG;CTS1&QE9G0^/&(^/&9O;G0@3H@5&EM97-.97=2;VUA;E!3 M+4)O;&1-5"Q4:6UE6QE/3-$ M)W1E>'0M:6YD96YT.B`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`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`C,#`P M,#`P(#-P>"!D;W5B;&4[)R!A;&EG;CTS1&-E;G1E3H@5&EM97-.97=2;VUA;E!3350L5&EM97,@3F5W(%)O M;6%N+%1I;65S+'-E6QE/3-$)V)O6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@5&EM97-. M97=2;VUA;E!3350L5&EM97,@3F5W(%)O;6%N+%1I;65S+'-E"!S;VQI9#LG(&%L:6=N/3-$;&5F=#X\8CX\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3H@5&EM97-.97=2;VUA;E!3+4)O;&1-5"Q4:6UE3PO9F]N=#X\+V(^/"]T9#X-"CQT9"!S='EL93TS1"=B;W)D M97(M8F]T=&]M.B`C,#`P,#`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`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`R,#$R(&%N9"`R,#$S(&%N9"`D,"XQ(&UI;&QI;VX@;W(@;&5S6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE65A2!B96=A;B!F=6YD:6YG(&ET7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`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`Q+"`R,#$Q('1H M'!E;G-E6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE2!T:&4@0V]M<&5N6QE/3-$)V9O;G0M9F%M:6QY.B!4:6UE65E65E3X-"CPO:'1M M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T9#(P8F,X-U]E8V(V7S0Q8C5?.#$S M-5]D,&4S9#$P.68P8V,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO M-&0R,&)C.#=?96-B-E\T,6(U7S@Q,S5?9#!E,V0Q,#EF,&-C+U=O'0O:'1M;#L@8VAA M&UL;G,Z;STS1")U'10 L87)T7S1D,C!B8S@W7V5C8C9?-#%B-5\X,3,U7V0P93-D,3`Y9C!C8RTM#0H` ` end XML 24 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6

Consolidated Statements Of Equity (Parenthetical) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended

Dec. 31, 2011

Consolidated Statements Of Equity [Abstract]

Common stock, dividends, per share, declared $ 0.14

Unrecognized loss (net) from define benefit plans, deferred income tax $ 10,798

Amortization of unrecognized loss from defined benefit plans, deferred income tax asset $ 77

X

- Definition

Unrecognized loss (net) from define benefit plans, deferred income tax.

+ References

No definition available.

+ Details

Name: cik0001520744_UnrecognizedLossNetFromDefineBenefitPlansDeferredIncomeTax

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Aggregate dividends declared during the period for each share of common stock outstanding.

+ 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 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

+ Details

Name: us-gaap_CommonStockDividendsPerShareDeclared

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition

Tax effect on adjustment out of other comprehensive income for prior service costs recognized as a component of net period benefit cost during the period.

+ References

Reference 1: 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 158

-Paragraph 7

-Subparagraph a

-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 130

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 87

-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.

+ Details

Name: us-gaap_OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostTaxEffect

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_StatementOfStockholdersEquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6

Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified

Dec. 31, 2011

Dec. 31, 2010

Assets

Cash $ 10,547 $ 489

Restricted cash 7,554 8,062

Accounts receivable, net of allowance of $2,822 ($2,117 in 2010) 23,555 21,171

Other receivables 2,390 1,238

Prepaid expenses and other 2,278 2,021

Total Current Assets 46,324 32,981

Securities and Investments 128 71

Property, Plant and Equipment

Land and buildings 22,833 22,597

Network plant and equipment 365,101 328,234

Furniture, fixtures and other equipment 13,069 10,097

Total in service 401,003 360,928

Under construction 18,200 8,350

Property, plant and equipment, gross 419,203 369,278

Less accumulated depreciation 119,245 95,372

Property, plant and equipment, net 299,958 273,906

Other Assets

Goodwill 100,297 133,735

Franchise rights 32,000

Other intangibles, less accumulated amortization of $61,742 ($46,355 in 2010) 45,696 65,904

Deferred charges and other assets 6,197 2,196

Total other assets 152,190 233,835

Total assets 498,600 540,793

Liabilities and Equity

Current portion of long-term debt 2,679 688

Accounts payable 12,432 12,298

Dividends payable 2,980

Advance billings and customer deposits 12,623 11,653

Accrued compensation 2,832 930

Accrued operating taxes 2,624 844

Other accrued liabilities 3,262 1,322

Total current liabilities 39,432 27,735

Long-term Liabilities

Long-term debt 323,897 1,417

Obligation to NTELOS Inc. 178,616

Retirement benefits 35,728

Deferred income taxes 41,204 61,217

Other long-term liabilities 5,028 5,122

Income tax payable 484 500

Total long term liabilities 406,341 246,872

Commitments and Contingencies

Equity

Preferred stock, par value $0.01 per share, authorized 100 shares; 0 issued and outstanding in 2011 and 2010

Common stock, par value $0.01 per share, authorized 55,000 shares; 21,235 shares issued and 21,170 shares outstanding (0 shares issued and outstanding in 2010) 212

Additional paid in capital 126,427

Accumulated deficit (57,416)

Accumulated other comprehensive loss (16,840)

Business equity 265,794

Total Lumos Networks Corp. Stockholders' Equity 52,383 265,794

Noncontrolling interests 444 392

Total stockholders' equity 52,827 266,186

Total liabilities and stockholders' equity $ 498,600 $ 540,793

X

- Definition

Business equity.

+ References

No definition available.

+ Details

Name: cik0001520744_BusinessEquity

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Land and buildings.

+ References

No definition available.

+ Details

Name: cik0001520744_LandAndBuildings

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Other Assets, Subtotal

+ References

No definition available.

+ Details

Name: cik0001520744_OtherAssetsSubtotal

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Property Plant And Equipment In Service

+ References

No definition available.

+ Details

Name: cik0001520744_PropertyPlantAndEquipmentInService

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

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 for real and property taxes. 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

-Glossary Current Liabilities

-URI http://asc.fasb.org/extlink&oid=6509677

Reference 2: 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 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 S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-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 02

-Paragraph 20

-Article 5

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Chapter 10

-Section A

-Paragraph 16

-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

-Topic 720

-SubTopic 30

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6419918&loc=d3e35281-107843

+ Details

Name: us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due beyond one year or the operating cycle, whichever is longer. Alternate captions include income taxes payable, noncurrent.

+ References

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 9

-Section 03

-Paragraph 15

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

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 24

-Article 5

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

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 48

-Paragraph 15, 21

-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 SEC

-Name Regulation S-X (SX)

-Number 210

-Article 7

-Section 03

-Paragraph 15

-Subparagraph b(1)

+ Details

Name: us-gaap_AccruedIncomeTaxesNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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 210.5-02.14)

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

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

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

-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 14

-Article 5

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

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

-Subparagraph 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.

+ Details

Name: us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment

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

- Details

Name: us-gaap_AssetsNoncurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

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

Gross amount, at the balance sheet date, of long-lived assets under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service.

+ References

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

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

-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 360

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

+ Details

Name: us-gaap_ConstructionInProgressGross

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

This item represents the aggregate carrying amount of all cost-method investments as reported on or included in the balance sheet. The original cost of the investments may differ from the aggregate carrying amount disclosed due to various adjustments such as: (i) dividends received in excess of earnings after the date of investment that are considered a return of investment and therefore recorded as reductions to cost of the investment, or (ii) a series of operating losses of an investee or other factors which may indicate that a decrease in value of the investment has occurred which is other than temporary and accordingly such decrease in value has been recognized.

+ 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 210.5-02.12)

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

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 325

-SubTopic 20

-Section 35

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6383889&loc=d3e40346-111594

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

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 18

-Paragraph 6

-Subparagraph a

-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 325

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6872867&loc=d3e40691-111596

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

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 03-1

-Paragraph 22

-Subparagraph a

-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 FASB Staff Position (FSP)

-Number FAS115-1/124-1

-Paragraph 18

-Subparagraph a

-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_CostMethodInvestments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

The current portion of aggregate prepayments received from customers for goods or services to be provided in the future, as well as the current portion of money or property received from customers that are to be returned upon satisfactory contract completion or as partial prepayment for goods or services to be provided 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 210.5-02.20)

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

+ Details

Name: us-gaap_CustomerAdvancesAndDepositsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

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

Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. 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 SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 20

-Article 5

Reference 5: 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_DividendsPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Amount of receivables owed to an entity that is affiliated with the reporting entity by means of direct or indirect ownership, which are usually due after one year (or one business cycle, if longer).

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 57

-Paragraph 2

-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.

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 12

-Subparagraph 3

-Article 6

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 4

-Section 08

-Paragraph k

-Subparagraph 1

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 210.5-02.23)

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

Reference 6: 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.(k)(1))

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

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 23

-Article 5

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (d)

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

+ Details

Name: us-gaap_DueToAffiliateNoncurrent

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

The aggregate sum of gross carrying value of a major finite-lived intangible asset class, less accumulated amortization and any impairment charges. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph a(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 Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-Subparagraph (a)(1)

-URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275

+ Details

Name: us-gaap_FiniteLivedIntangibleAssetsNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

Gross amount, at the balance sheet date, of long-lived, depreciable assets commonly used in offices and stores. Examples include desks, chairs, and store fixtures.

+ References

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

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

-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 360

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

+ Details

Name: us-gaap_FurnitureAndFixturesGross

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

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

Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the rights acquired through a franchise arrangement having an indefinite period of benefit.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275

+ Details

Name: us-gaap_IndefiniteLivedFranchiseRights

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

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

- Details

Name: us-gaap_LiabilitiesAndStockholdersEquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

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 obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle.

+ References

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22, 23, 24, 25, 26, 27

-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 210.5-02.22-26)

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

+ Details

Name: us-gaap_LiabilitiesNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_LiabilitiesNoncurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

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 or the normal operating cycle, if longer plus capital lease obligations due to be paid more than one year after the balance sheet date.

+ 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 SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 6

-Section H

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 210.5-02.22)

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

+ Details

Name: us-gaap_LongTermDebtAndCapitalLeaseObligations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Obligation related to long-term debt (excluding convertible debt) and capital leases, the portion which is due in one year or less 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 210.5-02.20)

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

+ Details

Name: us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent

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 is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest).

+ 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)

-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 27

-Article 5

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-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 SEC

-Name Regulation S-X (SX)

-Number 210

-Article 7

-Section 03

-Paragraph 20

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

-Name Accounting Research Bulletin (ARB)

-Publisher AICPA

-Number 51

-Paragraph 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.

+ Details

Name: us-gaap_MinorityInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. 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 6

-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6911-107765

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

Reference 7: 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

+ Details

Name: us-gaap_OtherAccruedLiabilitiesCurrent

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

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

Carrying amounts due as of the balance sheet date from parties or arising from transactions not otherwise specified in the taxonomy.

+ 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 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_OtherReceivables

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition

This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2410-114920

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-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.

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-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 Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph 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 715

-SubTopic 20

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2417-114920

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6410544&loc=d3e1703-114919

Reference 7: 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

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

+ Details

Name: us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent

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

Gross amount, at the balance sheet date, of long-lived physical assets used in the normal conduct of business and not intended for resale. This can 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 AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

-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 360

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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 210.5-02.13)

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

+ Details

Name: us-gaap_PropertyPlantAndEquipmentGross

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

- Details

Name: us-gaap_PropertyPlantAndEquipmentNetAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

This element represents capitalized assets classified as property, plant and equipment not otherwise defined in the taxonomy.

+ References

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

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

-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 360

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

+ Details

Name: us-gaap_PropertyPlantAndEquipmentOther

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

Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. 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 810

-SubTopic 10

-Section 45

-Paragraph 16

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4568740-111683

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4I

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4590271-111686

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

-Name Accounting Research Bulletin (ARB)

-Publisher AICPA

-Number 51

-Paragraph 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 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A3

-Appendix A

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4568447-111683

+ Details

Name: us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6

Consolidated Statements Of Cash Flows (Parenthetical) (USD $)
In Thousands, unless otherwise specified
12 Months Ended

Dec. 31, 2011

Consolidated Statements Of Cash Flows [Abstract]

Purchase of FiberNet, cash acquired $ 221

Purchase of FiberNet, working capital and other adjustments $ 6,440

X

- Definition

Purchase of business, working capital and other adjustments.

+ References

No definition available.

+ Details

Name: cik0001520744_PurchaseOfBusinessWorkingCapitalAndOtherAdjustments

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The cash inflow associated with the acquisition of business during the period (for example, cash that was held by the acquired business).

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 15, 16, 17

-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

-Glossary Investing Activities

-URI http://asc.fasb.org/extlink&oid=6516133

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 12

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3179-108585

+ Details

Name: us-gaap_CashAcquiredFromAcquisition

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_StatementOfCashFlowsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 27 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"+'
'+formatted+'
'+ "\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 28 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6

Consolidated Statements Of Equity (USD $)
In Thousands, unless otherwise specified

Common Stock [Member]

USD ($)

Treasury Stock [Member]

Additional Paid-In Capital [Member]

USD ($)

Accumulated Deficit [Member]

USD ($)

Accumulated Other Comprehensive Loss [Member]

USD ($)

Business Equity [Member]

USD ($)

Total Lumos Networks Corp. Stockholders' Equity [Member]

USD ($)

Noncontrolling Interests [Member]

USD ($)

Total

USD ($)

Balance at Dec. 31, 2008 $ 280,194 $ 280,194 $ 418 $ 280,612

Equity-based compensation expense 794 794 794

Capital distributions to noncontrolling interests (184) (184)

Dividends paid to NTELOS Communications Inc. (31,665) (31,665) (31,665)

Comprehensive (Loss) Income:

Net (loss) income attributable to Lumos Networks Corp. 23,358

Comprehensive (loss) income attributable to Lumos Networks Corp. 23,358 23,358

Comprehensive income attributable to noncontrolling interests 39

Total Comprehensive Income /(Loss) 23,397

Balance at Dec. 31, 2009 272,681 272,681 273 272,954

Equity-based compensation expense 1,529 1,529 1,529

Dividends paid to NTELOS Communications Inc. (29,240) (29,240) (29,240)

Comprehensive (Loss) Income:

Net (loss) income attributable to Lumos Networks Corp. 20,824

Comprehensive (loss) income attributable to Lumos Networks Corp. 20,824 20,824

Comprehensive income attributable to noncontrolling interests 119

Total Comprehensive Income /(Loss) 20,943

Balance at Dec. 31, 2010 265,794 265,794 392 266,186

Balance, shares at Dec. 31, 2010 0

Allocation of beginning of year business equity in connection with the Business Separation 262,155 3,639 (265,794)

Spin-off from NTELOS Holdings Corp. 212 (138,107) (14,113) (152,008) (152,008)

Spin-off from NTELOS Holdings Corp. shares 21,223

Equity-based compensation expense 1,694 1,694 1,694

Restricted shares issued, shares issued through the employee stock purchase plan and 401(k) matching contributions and stock options exercised 685 685 685

Restricted shares issued, shares issued through the employee stock purchase plan and 401(k) matching contributions and stock options exercised, shares 12

Common shares reacquired through restricted stock forfeits 65

Cash dividends declared ($0.14 per share) (2,980) (2,980) (2,980)

Dividends paid to NTELOS Communications Inc. (14,145) (14,145) (14,145)

Comprehensive (Loss) Income:

Net (loss) income attributable to Lumos Networks Corp. (43,930) (43,930)

Unrecognized loss (net) from defined benefit plans, net of $10,798 of deferred income tax asset (2,847)

Amortization of unrecognized loss from defined benefit plans, net of $77 of deferred income tax asset 120

Comprehensive (loss) income attributable to Lumos Networks Corp. (46,657)

Comprehensive income attributable to noncontrolling interests 52

Total Comprehensive Income /(Loss) (46,605)

Balance at Dec. 31, 2011 $ 212 $ 126,427 $ (57,416) $ (16,840) $ 52,383 $ 444 $ 52,827

Balance, shares at Dec. 31, 2011 21,235 65 21,235

X

- Definition

Allocation of business equity in connection with business separation.

+ References

No definition available.

+ Details

Name: cik0001520744_AllocationOfBusinessEquityInConnectionWithBusinessSeparation

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Common shares reacquired through restricted stock forfeits.

+ References

No definition available.

+ Details

Name: cik0001520744_CommonSharesReacquiredThroughRestrictedStockForfeits

Namespace Prefix: cik0001520744_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition

Dividends paid to subsidiary company

+ References

No definition available.

+ Details

Name: cik0001520744_DividendsPaidToSubsidiaryCompany

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Stockholders equity shares spin off transaction.

+ References

No definition available.

+ Details

Name: cik0001520744_StockholdersEquitySharesSpinOffTransaction

Namespace Prefix: cik0001520744_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition

This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation".

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 35

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6415241&loc=d3e4534-113899

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 20

-Section 55

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6576910&loc=d3e11149-113907

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph 64

-Subparagraph 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 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph A91

-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 20

-Section 55

-Paragraph 13

-URI http://asc.fasb.org/extlink&oid=6576910&loc=d3e11178-113907

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (b)

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

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph 39

-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_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.

+ 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_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e540-108580

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 30

-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 AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A5

-Appendix A

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 8, 9, 10, 11, 12, 13, 14

-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

-Glossary Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6508144

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

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e557-108580

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

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

+ Details

Name: us-gaap_ComprehensiveIncomeNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_ComprehensiveIncomeNetOfTaxAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to noncontrolling interests, if any. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 21

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4613674-111683

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4K

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591552-111686

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 30

-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 AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A5

-Appendix A

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 20

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4569643-111683

+ Details

Name: us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4K

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591552-111686

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4569616-111683

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A5

-Appendix A

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 29

-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 AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-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_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Equity impact of cash dividends declared by an entity during the period for all classes of stock (common, preferred, etc.). This element includes paid and unpaid dividends declared during the period.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 405

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6957935&loc=d3e64057-112817

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

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

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 01-6

-Paragraph 14

-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 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

+ Details

Name: us-gaap_DividendsCash

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders.

+ References

Reference 1: 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(2)

-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_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-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 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e565-108580

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A7

-Appendix A

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 10, 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

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-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.

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

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 87-21

-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

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 19

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28, 29, 30

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The adjustment out of other comprehensive income for prior service costs recognized as a component of net period benefit cost during the period, after tax.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (i)

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 158

-Paragraph 4

-Subparagraph c, 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 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 17, 19, 24

-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 158

-Paragraph 7

-Subparagraph a

-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 AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(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 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 FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 106

-Paragraph 52

-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 13

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

+ Details

Name: us-gaap_OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The accumulated change in the value of either the projected benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption that has not been recognized in net periodic benefit cost, after tax.

+ 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 Statement of Financial Accounting Standard (FAS)

-Number 158

-Paragraph 4

-Subparagraph c, 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 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 17, 19, 24

-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 158

-Paragraph 7

-Subparagraph a

-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 AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(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 6: 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 7: 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 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

+ Details

Name: us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. 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 810

-SubTopic 10

-Section 45

-Paragraph 16

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4568740-111683

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4I

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4590271-111686

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

-Name Accounting Research Bulletin (ARB)

-Publisher AICPA

-Number 51

-Paragraph 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 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A3

-Appendix A

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4568447-111683

+ Details

Name: us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

The change in equity as a result of a spin-off transaction (a regular or reverse spin-off) which is based on the recorded amounts.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 60

-Section 25

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6406278&loc=d3e26268-112671

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

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 02-11

-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

-Glossary Spinoff

-URI http://asc.fasb.org/extlink&oid=6749415

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

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Reverse Spinoff

-URI http://asc.fasb.org/extlink&oid=6524171

+ Details

Name: us-gaap_StockholdersEquityNoteSpinoffTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Number of new stock issued during the period.

+ References

Reference 1: 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 2: 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 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 SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29, 30

-Article 5

+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesNewIssues

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition

Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.

+ References

Reference 1: 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 2: 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 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 SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29, 30, 31

-Article 5

+ Details

Name: us-gaap_StockIssuedDuringPeriodValueNewIssues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

XML 29 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6

Consolidated Balance Sheets (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified

Dec. 31, 2011

Dec. 31, 2010

Consolidated Balance Sheets [Abstract]

Accounts receivable, allowance $ 2,822 $ 2,117

Other intangibles, accumulated amortization $ 61,742 $ 46,355

Preferred stock, par value $ 0.01 $ 0.01

Preferred stock, shares authorized 100,000 100,000

Preferred stock, shares issued 0 0

Preferred stock, shares outstanding 0 0

Common stock, par value $ 0.01 $ 0.01

Common stock, shares authorized 55,000,000 55,000,000

Common stock, shares issued 21,235,000 0

Common stock, shares outstanding 21,170,000 0

X

- Definition

A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.

+ References

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 4

-Article 5

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524

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 210.5-02.4)

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

+ Details

Name: us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Face amount or stated value of common stock per share; generally not indicative of the fair market value per share.

+ 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 Statement of Financial Accounting Standard (FAS)

-Number 129

-Paragraph 4

-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 210.5-02.29)

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

+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition

The maximum number of common shares permitted to be issued by an entity's charter and bylaws.

+ 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_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition

Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.

+ 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_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition

Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any.

+ References

Reference 1: 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 2: 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 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 210.5-02.29)

-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

-Section 02

-Paragraph 30

-Article 5

+ Details

Name: us-gaap_CommonStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition

The accumulated amount of amortization of a major finite-lived intangible asset class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph a(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 Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-Subparagraph (a)(1)

-URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275

+ Details

Name: us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition

Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share.

+ 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 210.5-02.28)

-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

-Article 5

-Section 02

-Paragraph 29

Reference 4: 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.

+ Details

Name: us-gaap_PreferredStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition

The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.

+ References

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 02

-Paragraph 29

Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.28)

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

+ Details

Name: us-gaap_PreferredStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition

Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.

+ References

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 02

-Paragraph 29

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 210.5-02.28)

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

+ Details

Name: us-gaap_PreferredStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition

Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.

+ References

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 02

-Paragraph 29

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 210.5-02.28)

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

+ Details

Name: us-gaap_PreferredStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_StatementOfFinancialPositionAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

ZIP 30 0001193125-12-129584-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-12-129584-xbrl.zip M4$L#!!0````(`.I[=T![C$@54*D``/C=!@`:`!P`8VEK,#`P,34R,#L\9OS"+#P3TGMV(9_5-,^X>:;FVUV^UC_7;< M%#IR^;AMLM_FL7D9-W7XCVJU:C7LZDF]GNK="P="^2QX$/*'0?,NR M:U;\/B;ELGSW'*M$B2PW,PUF53M"OF M5'IB=`PO,O!Y5#R+K="U=?ROW[_=.GTVH.4Q$)`W(1^0W:=*O[IA7:+9?QH\ M#=G'DN*#H8?(Z&=]R;H?2RDVEV,F5AZ56R+'ID=4-N$'[!&TF3D!*+'6+7CC M1(^Y^[%TINZONO>6?5^S[K&;^XC/][7_Y6 M^C0A[\/QY+-)5XKU$+OQ`WAD-/&4/0X][O#`X$)<#NV,C8BP/GV6MM*GN%DV M<1^.,^%,,#M.H_;A.,6%#T,FN7`3/-&*$'S2BF39H$@?CN-G<0^);SX<1^(K M7);78,7\8*\DF"1I;^7V7?C8FQ0>&(C>)?0KF=HO.3Y'XM[*]N`&QIZZ`A>!7TFL9ED?>3AB%V"J@_8?DEY67IW M1N+5P]RZIKFUNE&Y'>;6_9)K:MUT_SE4X-\K99KNA513!)YF$;@K,JVV#S9V M/3:VVMZHW`XV=K_D>K"QNR/3UL'&KLG&MC8JMX.-W2^Y'FSL%LOT(I04-[7N MK?MH>^A.'#:+MGZS"$0M@PN`^RD^TZN""DR>CALRWYTTBS0E?K9)33D8^7W3 MAVI*'PZ;5]NC#]7E]*%:J#[`$BRA#X>%]O;H`RS+EM&'R>KM9?JPXKG3G614 MA?+I-A#.C[V2>P9E.W.6E%>*\'@@_/V3X0Q=NR+!:OO5);"Y#:)M(JV0M7;S MOE;5PVZ+*$/WLEFN55>CK'9O-9$R>YLHL\O56MEJ;L=:^F`Z=V[=77M_&US/;-QEN%4LVLZ6_>;4H+IYW@?G;.*5;8!-6FQ$.MV_W M85Y8,3SH<$OPH!&'-<-.Z\)?RN4_?#Z3IR'$9Z@?^-*JC:4WT-XR^Z3S6)RJ M/BR@U8?C^*GI'[_-ZF5R-N3R$Q_/IF/0\V\6'XP0%\PF>X=I<,I)]@$3NPJ''ID4"S[]X M6D5GDFJDE//,\X2CQ_15-ZVH8+V$[YMO_^1!/WY[RX;46`$2Z<8-)OI8FVD@ M2+P&:=A&7.;P`?74QU(95*]L-QLG[3KT`KI;&*D[P+KEYMD%W+.;MM5H_+S, MF^.H+N!:K5EKKX-G`R$#_M^HQV^"^E>2]]#6P(-SH0*5AS.+B+)J=A9-"W'( MPOPS5=PY@VF&>V$PX>XUD[=H3*^EZ`HYH*N@;R?QM]$.5"QK&OLE\<@D(27` M%*8S*^.%@VR.A4K#R,+BG*K^#>.#3BB5UN8;YC`^8NY7*08WP#'OCX![,/X9 MZ)(<<8?]KZ281JPXO6A46QFHOQ"Q3!K[U.\Q=>F;&/H[^LB>5>R9S9E%BEVM M9A&0`;4([&9VTQ:QMUU;)W8YA5\[L4]60<^$?V@'ZH91!_1<,O>N+T78`_51 M@>0.C$N]O?I5R"[C^6Q:`1O54PRH37.@F34[OH2N;/[(H0`*V=60&4(+U?Q6 MHY5ETS.@%H!<7L6W:JUJUBSZ2MCEG0V;=L-:`;M0!3`PY.O(U;(;[4RC/`-U M==SRB]6N9UJTU\`MKU#;C6RA+H7;A5[5^:Y"/_M.W(8=Q5U.I;8VU'\J4L*P M3F]F6IY%2+PVXNM;U^TX!S(#(W:%YKR#OFRW[7J6E[5IQ->X#;';''B1NFX- MS3GG@;)5M^I;,P(IR_0U*H,]ZJ-K,6@'G0R21'"O"4@Z=K#UJ` M;N"`'>+(O?2C;U>2?JU9;=M9ZYO%<(O'=J%NU(&B:M;`>2&VH73Z5+')%O*? M0OZ`@1?MZT-'1NG<_X-5"W97Z!*I6<^++O, M-';!E>,)//2Z`UH^>\+YD8NP3W_S@O^_O= MD7Y,X#G1+\S?1XI)WGU?(HY'%?#S?A"4B.+_9;A!C9"^BX`1NT*2;#"5'K[? M??EV=8N8'"/X&*WC,8+'0_SUZR^__K(D:U)QHQ")WA"'OK0%?P$P-G\*' M/3%BTM<=RR0W.RQX8,Q/080)+.ZL)T!G25?(!RK="KGK,\62@+GO>*&+!F$` MBNEPF#=49",FK8XTVN/3*>S>Y;CGUPG-@[@E-/0)&PP]\<08&=``*%>IUR2@ MC[,O=)=(K>T-`8AC9D@06&OL)C9X2TZP-P(`K?388$Y&$D>!QA<#@0L8@ MUYX8E<3P^8(Y)B2B9AT1'&1&DCX+"'L<,A]X!X"2K-:R,!+"QPLPH(J\J5;J M!!33@S85T!E&]""Q:M!5#V2$6,6=`L>!`[I/ZIC-H201LZ-GZ\;,'\!6:3B3 M*?>4`&-5CE07=2+!ZO2@XHKTF,]@%O=0"&8_&J7``>+`Y]VG<3<]BD&3!+]" M)"13H1?H42'%0'=ZD53F2)+`,T0PZ%/@4`@#>,!. MV4B/J[=T(.`O@7.$>G=*WEKO<&SHG?-(0=`">!X1$C1WB(>.YID()8@$)P-\ MHSVM([`)#'O"LC@P3'OP"U[JSA^X8D?DK?U.H^.SG@BXL0Y',/,!]S%>5/NQ M1\EQCWU+B8<:"0,$Y`UA_&D6))4.&D=D:78X-,2!D,&X#HX`4U8'5!W55U-) MAN`1D&$H58AG==#0V#A8[6#?`P&V#D:[0EC1V<(16!@)N(!TH04(-?KK*.*- M9$/`%F.&@,N4-*I_Q78]#5QJ4X+I1N`'^8;5;D!Q3;D;8%7M'7'`M(!6&`Z2 M!)E=RCV8D!7B"(^1WRD5A"9OZX;5'8`%-*1;(+GCSKL$3W?&F-(Q%"V7@*([ MD;9J?U=C_>7F8)V(#@S#UE M3)(RUH,_[M'CM!,M(XZF359F3Q$0F)*S^I@G!NW@'4?>WK2SFM/+S'94@U#Z M5]T<*Z77/W-_`5)9M.E3R3[XL3`TS%:+.7*RF/&'#V9!]'P85NXWH6!8!AC!<,&ZX,5^ABFURP-_UP>*=@>M,>VPJ.,9P[2H,XAFRB"B=62E6 M6U;6QLX+<3-DNHR?GH'*N:AV7SW:R[=P[`)V[,/Q3"^3SL]#B<;C*Q@/ZOT; M'.0O)H0V'YQR'(#[7)<3H!=134#3Y%H'Z7Z%9_G6^Y^^_ML`G-O=/(B(U`O@ MX7^S((Z[FX5GD'D13Y-QS7.[G(5X]S3,"*?.5T_0((/UD_Q.S\P&55"#)+Q$E]/0;E@//3R8Y;_304YM M3J\""$:U5))@TWU/0_ZG\,!%IM)P(Z=(OXLDH*FNIB']R3SO-U\\^+>,PGH( M)CBE0G!95X`XI\LH1'^2ZQ=7`>J:/M&.QR*]6VE7&]R7:(Y_'LBJB"QV-NQZ M%.K[$D1,G"AD@2H&J<6'8;5&%!;_(J1D2#WPRW5O3""X)]C707!E`Q*"T^ M6VIE\&Q9E.)DY1>XX^*873#X[3'\`;YU,K1_[EG52AQM-VHG,Y:F$+363^QB MLVJU[?J,S7A=:N?EH8_6BE?=Z75J7J+*5K-5GQD6>>[G!N_,'MJ\C;GW37,9`%NH[[*N0%R+L!-W0F]T**FH?+$UH'M"O MA/7B;9V6;1>&=2K7P*4?4+_'H;&)KRYTX52O3F']+.BBT,P=OMV<7LRN!\V\ M\T^CUEH!3WQV.1A2+G%0G\/0[15[B1W8V)[:F,F$F8'7#0NXU`;M:AQXA)MP M>OOF2Q0#6:1BMF;Q7`:'5T`]]U+$VA[4\RJPU2P,]]5N`S7JU9,H(42ZU[R0 M%F\MMUO-Z0WON9"*F-]J=KN5H2)S-OF7!;N8SF9M^N!A/EC,:G(697/`0)NS M1'QJ@?IFVVE&/`,V`S_?Q?^A@S6BGO:M@G,JY1/W>[..VTS5I$52FD5L$;R" M45QH(S>.XF)=K[?:&T=RB:"S1OWD==`TGO6E[V#"%7;!S/^+G&WJK>82J&?C M\4H4Y([YJS9:!=+P%?SNVW`X-%D`J3>)=%7[?:&J62$)NN4325".4>?('(+< M(9>^#AI$HG?JJM5=ZDH%GU"!]SZB<'ISQT"E&.$F&($!UAB+#1J@A,=='=ZD MXN6Z9I2#C.H"E$EKO`RDYM\&PI&JH[S1;I\N")F/5"G^,\!U(.D(Z3*)<4_$ M89ZGAM0!&O%OTU:WE'&'@4L>N!OT/Y9JS;^6)H'@@9MH/6ZS1!.KOKA->WW= M5&?;F)\RR0TRTFKXL=0102`&I01W(BTT7"V;]Z?D?[2C5R76\)%HX8.N15V@ M)H\[X+E'[R48&NZ\6+'?7N)-/1$JT"'U;E9_^(0#:8:M0"<=#-_['34LIE\' MAY[76Y\B_>2\7ZE MOL"GP)W19P%X=R9C:EG$I_4;\S8 M7IV.=GV'O;WD-A?A_@AF?YWWP'=)E_O4QRV$@_^W3O_/VIP%Q;O=(WWQ_>#S M_RP^?QSVHW.`3'(CP?AG\9V)@RZ\EBYL9L**,G-A;B1"HW@B7/'K7620_$'> MZQS[C[KO$^<=!Q>&8Y(T73D(TX^: M.!.>$:"P;5[$]K1^D?^Z[A.VSL2JZHQY4>*[2]_)2'*W\Q;5JA]9]<:>&56[ M?637%Q\C[P(I->NHVE(!&T3(Z^3L[J1`0!?SMW?'0O!3NWKSTN`G4WWCU]%K MG9'=%P]8P6$H.2RETMQ=,J%TWL#ZJ7!\,1AP MJ+T,62GG+9/CUX"3<5-A>3@_2]46RZZ0!!NT&J88\9P+E-?NK3T..RI\ZO?( MMSE;?'Q[C?B-B0.(*Y+@U05=2&),D]FV?-&=!C,7UBJMV*J"E;4K]MC&8KLW M5N5D\CHJ&J%G`E/,P)0?BZ9M1^L0VM,PK@4".&L,DWGXP8C-SLU MQE2^:/DKS:FG-?VT/O6TKI\VIIXV,MLV#76-1/,T"_$@AM$NS"4%S/7KUWE] MCI1S3&_Q,$A6`QKJ.V/5@!O0'WJ?W*!_H"-SQ.JQ'BIM5`HD4=:G@ZJ`FUCPVQS%.53")"S-`,/DR4I-E07ZNT(O"^?? M=-$B5P!P7)R/L]S#KQ'S0Y:$J,O-Q+5R8`QQS[@AFD8SX?,`\8=OP&\`BH%! M(;IQD;_J"%U'B9N",F;$&794R*7QZW0]%],7->^PPP%U4YA$R.D[5R,N0J6+ M[<0)^M,5>=";P7_Z(>Z=N#P8U\!+] MC3.C(/)XT8N[NIS04(I.?$Y.,%AJ@'^E9=$'0]>GX'K1!Q5B+94N1Q\V+A?$ M`V/'$)\W]2F3$)7H(N`(*`1=DCJULI;%$)YAZH=29/`H.%*@F!H;H< MXE2Z4?T7$08Z+!)8D9(^1Z7%JBZAIZN>N`P>#\`3G2DU8FJ%:44<\9Z01EC: M,U&F!HK+NBPJ&Z/K:*"BOS=WZ)Q^6I;(&U^8,V><:10N+[GJ`W_2!:_0E$?\ MTZI%HSB5V>ZB0>C&`V8\%DTII7A0)9C>2DP[$Z;/]HN%MJ!?$%)J5DK4!TJ/ MS`XRQ"A%P&(%30C`D!7C-V<`X^3K)!022TKI_O`[,:GP9#J+Q?D`Z`'6(Q`? M/H,!C3;''<&[>$6%:Z`TOJD+C%&X'U9(BZ`<156I]*)`3,K(8WV9\?W&75F; M9MKSL:I$-C56(2?*G&*L&*Q)(Q.DE[.1J=;]X?)`KTUG52A:&>JR?IGS@NDG M-7-$4P4.0/J(ML9AS)2C-0&99KJ`A9H:5QGS\0*K1SKQ*G(2PS=KE")8[C29 MF@+JDYMO7\X3PZ19J2TQ3'P1CY0*^;,/EFY6Z[G!WQ`\;86BG,L@#=3^V`RA M53M*+GL7CP]':.NOT4$F;\L(,<6;.C"CLM%8IUSVGQ"1!AF/0)H1A[6"9LXP M>D)@2G.\@VMX/:'R)?&=7$[>M>&*]!J]&49U4R._W_B9IF`E&F(Q#JW0JQ>8 M+*)J:[$VVPEOGVJ!9:Q8)A4RC9I%CAHCF/9,=3G\[9KZCKA:6,3,:#&^%J8= M:HANMH:HV>X%1L&8U"8NB:!QG>,)`YF775C2;`UK=9_4[(QKN<5XQ3M_&=J7 MW/W)V('+M?U'EG4F<'O(@/!U=(Z6'/U,RI5JQZ&O=%\.=B?$WE ME=3Y%%V==R7^,->681:&52L3PWGP"D5P*186A:"I4'06!GTAS:YT#L[-UD-J MF`(1U4SDIF$5@M3SY=0*1TH7PEF!2YC5YCE$3/\K([%$D3G+KC6>9TI1N*RC M[.&6TG*'J_Q0/N6AIED$*<]7."M(66<*FZV*SC)JJS/`KHK5ZIG!0.?FH9&5 M`FRV`$AF[9%M*>%@UVK3B;?F4[!)4E^2+GG]Q&TL#[]=;4UE=MQ24O^_O3=M MO@) MB8K-5U$#=3=\D5.BPH_B,*$XYUL<]'VDMQ&0*`T22K)XB=UNL:<'#U$>@I[<8-G"!0Z$H<1,PKP]7@J(]XN_!\$< M8YYB6DGT*?">C%96E8L#L+XW02M>]QCP56[Q/!IT\W+[I/!5E"'C27X\:VGX MDB@&\1+>SK_AI!1\^'=&UW-'Z;1O6:-A3LSO7/"8`)89T]D[#,#?V8+!K]-) MN&(@PROFLX5[5/.A/QID6XWO6/MH@%;EE_Y@U#\/H%65[X1FA1P**3SV+LT3 M/](0Z)'5RXUAVK7<\8#;/LQ'G?S+%@&S60TL+:"E%OX*!!6%EM6/W<'[5NXN3Y M*G^N@^UU8`756B:O1-`NB$0.240("-8\\PJS,-!G#%V'3V7`/]J87I)6+:3I M4C(9A+_G!_Z-2@^9NT"6<8")8XSR-=:>[YXUB&"Y"_BZ!$3B3DN,%FOX">50 M87YQB9.0)6?PZZ^8_8:I/.)#V=>Q6@19UG9]GBY)R=I;DW=X6AV^Q+XSAY(< M!7W-12YNE-UBI+"#J=I8`@=T%;N4%DK0V-A+EH4KOA,`1?;)LWF*>67RDQF+ MCXJ8VI",]Z>LK3'N$W>.'@4>QNVG.V-L33!E:A7,D5(XX_+D_\`!FPF.<,DS MOS!7+,)$[*7MW]/KR"7BU#F*,6$RQ3!FGQD1RO(;SA.RQI,P*;/T1'(8/XUH M[?HWHB;33K-A,4T[?NP8.#:3LJF0S[)EC#^G[^K-1/Z9`+XIX<^.BG?)H5") M7)NEIVE*/36C$4U6'4UWR4HKTW`7B!293ZJR>W%KFTMS'L4/);$M\\&WKH%Y ML<09"AY*8Z9\M%`FL6_*#H$'1B'T(DDR8R`4V%89+D3,YH<%]=.!;O\Z%4-M M%U*OI*RD[&(-%=GL1FW+DOT`Y`>>MKSK5'*E-[D"A+5%0A1/&C9W5?4^V241!MD M43XQV/:-UX*`L-X,,Z[![46>!RV))A&H*SA\-^(IKAJ"%+KO1!&AHDZMFB,` MO."OE2D@)<\::4I4&MV'-C]_+_#O;Y#:D*XX#"0%RM@8IA!FO'Y'4RBF5"%K MSMAJ5F3_@$8Y7T0@1SXI4O+Q(4&R@KYX%JWH_L+2$6I<]*SL[^XJ M6>FZGW)J:/059;A(B+[9KD?YZY3>SK^MRC5WG1YP]L`$;P'_`WRS+6F[9W;' MEMD?#T#'@^+AM>Z/G"&I1(8:L"'1>R^`04KC+OP1P+ M'6P>L&$@PFDD\BG%106D6_:9I^W`%S;2&7X*:'&U*!HN]B MD0].\1.4G_OB%K^O8_P1J-V#6B8K3U1_I%6S()=$92)"86X^0+[%L<]U;`YZ M0TWH[LTVTA?2/\"_^A1FP>A";M^)V;K.JF.H3F5<.>JUL;PB+*$NRS/[C"78BJQ2YL>6=WN3W@2NA6?U23\?/"#JK:. MVP9PQ%S5@!/(FQPHCR;S;L=XKSG/HB5U14-A9:,,4;J&X@5H57LNZ7I2B%24 M([PU4;&3=XELU5-"*F-(W!E6_9Z(<6/#G4:E_"!MG M-A=OMK_A)17@MPTD^'G#V>/53.O4^4I9'J_B,QN!))$7G*[!DOMY\,0'P"%FG@HE88>"E3@-(-XT6)2.>8W3&OW0C;[>+$(X8&S%A`#- M4D^2&?]B87#C!&27_-GY!.^(S'SQN"\K147Q*>PE/253%-)23",];VX%B6I" MQ16I9NT8;U+;6++LD^YO5B4D%"%A#,D*(-?8:)W,0`BB,ZULX)4=?F6$;IN< M$UFL_BW`JCV/F$Q#J(AUR:6XXQRG'XY#>TX"!EM)_`'6(JDNU?YL[O*.D5PT M^&G9*[Z')P/.._#48P84E]J'49U="A4_/85&056$3560'^E:%W&,AZ/JA"7' M*@QO%GEJS)Q;3[E"CR[S[9^CVRSQS MZ)C=O3J\GG=4K*)S8:$=TK+S:#V8VX1`8>NV"6\MFV:\X454P/61!T(?>"JU MM#U31H'J`XKJ?A-G360FJ\.;3]>\[$]/4=3^_8MGJ3;)O]<"0GHM=7YJN+2# MB/J#SOA*1`TCHJSAV!)"ZG2G/Z$YW>_T^D\>[QDT?!VG][\,`U!L?@,N3VC? M;_4AVG*<5O0SYI&_$XH!_N/Q6]3+UDW91[2&3K/0^*5P MF3.'X*)DM=+"Y_)&CL(QV`8LB39ONK/70WIGVNV]?5T*#O$86]&XV-.%+@:# MW6$)J[M7Z"+_2)F5>B6>*?&=$I\I",<<*+:JA@J:]GS]$DVJ]^HBK1EP%XS] MJ`+X,0[T2K,UG_TMMT3;1K)'`?M*L"TDV-?B'K=M%/M19EK62[-G8,W[>^Q/ M610B/;)CU31F:/[9?*!L@S4+V\8]V)`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`(Y]*M?2H6-YS@TH2CEIZ5!+ M+BJ:=!XG%Z%U>'`?\Y[8M2#D7$?1OGJ0%M!W6H6Q$7.XK'*,$Z2'U4UG;2^" M&%B[[S+.FN1=+^M9@\Y@ZTU^"T3')90=[,Z;_9$(70%A#D#Y?I/SII M.D`=6VAUHG_MZF*XM82P!=RYRY.ZO'2=_G!K8E5CR+OUN1M-XL]2YAS_\3+3 M.X84S=W(R>)HG2RJAY,$`.-U7!#CIQU$CKP%S@._``_3L0>\QT^ MZ2P[=(L&D%E\8JZ:@BJ'?W5HB]D1J7*.M`AP8&Z%7#*=OP?'N:99D9_2N:HT MU&Z.RFHR_$D2@N,%-,*-3[P3!POHB]7`K[FMLC\`"IH!"D3#XMA3ST<,1\&G M,]RU5]*1;O1RQ_A]8]IF?CC34X,UQ]94X4&;W9>.'7SJ,#K90=)R;C?02H"# MFN4SC6<,7:[^[9,\==V1YPW$W_ MV6^]Z025G`ZVMM*1@/@BOO#E4PQ;QWUR1D:T!#YN^_:[&ZFG/@!2_/@?A/TV MPO^1Q30:^[4=8K/2Z(0[`;)!R7.7A(BRS)YNHR_O%T>AA.PB.4@2]CFX72Q< M#WGRC\!W=H/2W06*-9Z,K%$6F"WK9*&1(Y,%C[US[1D."7)95`)#.\&:]K,( MVKG:$8';?7R3?N\0Z#`1@>Z^4[F5"J-*$N, M-ZYO^PXJA;<^F%@)B>!-,3]KKI'T.3.[&K5D$'$K5-B$.)`UXJH23A2-5/RC MPT*444KO*SRX*1YXYWU`P:+]</GFV\,!,PUUH@[E-PK::GOK/A(;WBOV1!1GAK&0T MFO'PT!E"O;C`A-[T-2G/Q7MH.KIBK.[GC,6(6U0)R#/X_[9'PZ&C)O)RKKA_;GO[T!3JN^PW:U![\3 M`N32]WF*Y-*+26.L*5GQ,I/N;DGS5N"?@_9WQ=P5:#7I8P-'N##$*[(SXAY<+>*V7UV M[=6)P"\5%,UPA:^/C4)')>'^J/7VY/O<'S"K]>0:_9 M"]I?J?.[2$](OT4LD.R&QME7*7\>*=\8>Z!8LE^]Z!_=B_Y4>)E_T0JCWQN8 MPVY!I=5UCY>YQPMBU[MMR3753_H:":L`;\_LC@NJ2ZY!FBN*+P_%U>3E6:J] M\A>$Y^ULT+*G#]>'VYWADY]\_B+0*/!AFH;PYCQ]2E/HY$=??./7B$86I9LC MU=WS93*MSAY7A%T1=@R$78B>J1!F->+@JHV:$5\].8&4"Z7->;KEIDCI M.$PCI'13M4?/M+J[NRA=%>X592=#F2:'^(^7V1OF/2\!],KF!1F[\T*R]9FB MOX@^[@;'H10UI#%"M@Y9)"IJ];K$%"C\^%WPRO:_8E6EF_U3A,6:<`2`(;TY MS=J.P\#'3C)S%]O#S!)>>`HP:/UB6-HQA0HT0_Q%2+6W:@7MH]08(PACV3`' M2UQSI:]>8/O&DGG4K?4)H+%*T\UT^Z`2WA6+E\&\#?UG_E2`(PGQXMLD-.XX M/MX(?&2;S&"S$85B)"1,]@'$P(^`-1?_A1,#0Z2M)9O?,U%H'#(^;R?"DMMA M5S5\(>)%C$>9%F8OM!)HH(KGUG"8DF%!7>M+`[X-#PH:7K@A`/'/Q`X1.AQT MU+5Z'>.M;[QALY!Z3.-OLENCK1#AX&:,_D^Y[=S=?MC:.Z7'"\*-.5#:(_^& M]F;T8*\-^QYP0+2S"(-5P1>V?7L(S`P?R[4.QF]&'+$WO!'.N[>OWG_DA?`V M8.`[MG42+9&RV.QV)C]5[/7R9/.$7)\%UW=C]L[]QN9O?3C/>Q?DR2U%]VX= M)UDEQ(NW*V3"?\FV5/OWK!B,^L-AIB]$=0!.N8&=?2U&UGC0JVL#?[##.H2, MAM/NH"RPL-BQ`-N)Q<%P-!WM#U@2PL-`U+?^_(W['7^*_AX&4718EY=N=SK. MPK1MG2.`LQ-%5K\[FNX#SM^#8$YMO@Y"1K\_[F<957ZW^FJ[]]KM]G*X+U[M MK>\$*_8.]OP&I/(=+.GZ"6B@]VO&F\!$KQAH,,:?^VQ_9]'K[W%H!R'H*=`C M;V.VBK!;#[P9!J"@_/NW4O8_T5.F.]5[RG2GN_;3GUJC+/)."'@C,&1U,UUW M=M)7?TA2]$?"4,5.:#>#26]DG1-%\('4?CA2[Z636\G<7E>F$O_G-D>R60V@ MK"[:O(AY@\YNT^:;-=<[>9>L`GPK?@C"K]'/1J!H4EG*VT:X4B=0[`WD^HZ7 MS--&3']\?OWN_:=0(,!+[M&(2/1F-$P^RQU;,*O(DIC^SNX0J`T ML550VDE+<-A1.^V@2JYH ME^2HCH'H=VB8DNTM7\R8SQ9N_)*^GDY8S4QEC;:/945=(+H8=:Y')H=V/3JLOTKUMBJUM51I:B.5\R:I M56OWT!BDU7,8IX^5ETFF:PQRZKW?0`52XAJAJ4F3LJ>JIERO-]8G>WHO'=>8 M[!=NXNYUS7A-PJXZKG`7O/N291V4TM0[WXDYM*[7Y)7@FIJC[M:1.:N^>\A7?FN%>E8TUCL'8I)KHYF.[.4OYQL3,\UAC%QJ#P*D::A+4+ M813+,KO6UI&&5_3T3*M7Q1S2!(<38%P88)X)%WQP-6]:KL>`"XKCAAKJGNIJ]\1Y^?2-WTA_WK^YV^TR/NJ7. MP!P,"PCE%(9RL^530^GA]*;HI*"%XQ4WW-VO6X9>B'M9MQ";F%;1Q?)5B#6$ M'FHP=P:CK:QZQ8XY*C6^OK&"K`_?G0?)S&/-8,DJU\+5=W9N@[`_.9Y!V+23 M.YXPW;FS!ESU'DI[IS<^P?T8%P0]KB=1^TD,S?%HJR>@*0G^XV76L7\.8II: MNY$FCG7&GIQ-ZHW7GK@Q+YYD=*;3_=F-W3 MK%20V5YBH=JL.>^:_-XV-_F:_'Y-?C_[=VM'^O:L^E,AIYH,/D^VOC19MM3" MQ9L6RTXLGOUB^_KT*2[[K?-=Y,E^,?WA3]6IKW[]VK9B@1?6R)Q,#QI_7#_0 M!Z4<-",6<+:4L_YT=ZCE6A6R/X;[YKB[^S+U4FR(/P(,+B1.C)V,C'O9)\== MK6TWI,YBSM(.[W=G8K0O5\NRX*2K!,EKL`-J)O:"2K/KGB^4MS'`"1X"=3.Y M0&X>]0]*NVP]6??'1U):K=IUK_]#J6JM)Y9J!UJZH7B+F-DZ^4#B1E/UB\'6 MJI+S&NT%?EL;T5NBIJE9Z&V!=/J4:V,&GY"AR.BE:?@LQB!0]N*T"0KK^O0/ M57J$H7)!EL8+$3.O1:K5'18G+7TH1F)<2?OC3AE&+G>L2'UCR<[(@UM<9_O-!B"FT\ M6,B1! M,7ABKK=@DJ\7X37Q0P9$1,?GQ`F@%K8-*Z+RF9TXL&9'&X42R3S2AP\&FWZQ+9AE;P$Q^J>KP1G M6*:^9GJG5&/`LX#_^U9Q?7&= M!/<2ATV9;?^1Q6[(Y\[**UYAY%%1+5ZJ[95DUNQ`2Q.B)T.S/R@HA:ITK]<` MI_),L4]SNKV_3*L9\@/G.#)$I7M`=OQIQ.9966!J=BO=#K7CSG10U#7T`B@3 MO3`Q91%\*?0V+Y`DAT"253J7M8,DA]9EDN3O;!8;;A0E%/9!D3EW(P>;@%P@ M:9Y\EE!3JC=:39*WCA,FH+-%0MHERLB>.>J=O-BJ9F(<%C7=O0!RO*8J5:'K M826Z;BC6:K`G^MN[LE?CEHO(XJJ;3`?FL%*%7$/1=G(Z'9N3414ZU>A2S709 M'BONUY@HK'93=@W%-DE5?PC1NXX?R8]A_TS<-89E+]!^'([-[O3D98$U"YO! MP.QV+]/+?NO'MG^/E>>[O9F&ZIJ:*7QBC@972[*$*3,TNU=3\HS%&4-S/&C3 M]?RY"'4T-;N30^<#MMN6W):$)>W)QU/JAOI9XX+S]@>6V>L6U,V?@NOKH,P+ MR'P>P9&4NJ/A/Y9*4&Y(JO'2CHQUZ`8AM4`W$C^)0(#X&Y>)\%D4*UXRIU1- M\(1LUS=FB>NA$2RS6U\\^^/]N^C92R/&UO#XY/-A9Z3R:K>D=5+7]H@9^"XU M:(^2V5_,B3$7%OO&4YHR)M/Z?F)[QLK^[JZ2%8BV%=:68Q+IL[\ MP]_!^I@HW>WTYAT&L*P=,^_1 M>-[O3/5-B6[RO^*:8STY&W;7(X=1!P:SHSFV^1-]`"`,DOLE_*/7ZQAO<+0O8A">CQ%/9MA'0F[MP'1M(#(X3.^5CBK@Q M"^#@08&L0X;9S`CE/&$R&7D-=&3?JV3L9Y]AF8_,<]G"-/[T>4HU)2F]]:,D MI-N^C\Q.XF40NO\2R=J(A?\.9L8=K$G?OW4(*LRDZSPS=)J_89/_I0U@ MXAVBL<(>_Y[[%=%/N4]^$/._\TQMW"2=U"*)$WA44"^.`:`^>_?,9]0@-4H6 ML'^7!A/8WRD76*K+%*V4?JZG>_/DN#9D8Q?6$42JB9'*6D$"][5"`\UF4*EF M+Y[]^?D5LK/KIQ^0_8_Q0.$GVZ.L;CA0?)8_F1\(T3%N"1;?`5.$G[X@)0>. M\IXH$/\%7S!FMD<$5&HR@TH(1Q+1&'''.9TP/;S$'((RJ=]'&M%0(H.\(%=] MKW#(-8/\A_!)6Y8P7N-W:XG(5$L[+W)S1ZUV(UA-RS6%O'O]4UTRU`']6^%&@[L4\B;00-@OGZ;U-.)R MO;,K:;87M3H[44BTYJVU:6*UT1298?6V#JHZ4&:LP^.9B\!0-$MOS MLD:)*:;R1A3A#L587G@$_6H1P1==.Q(/_H93>AE\6!0@8Y#8%B45\IL=XY9Z MO<`7L)F+K5J[<%`BLH74YS`L',XI_LS;@?#PO8WF$CR,I1I13/F;DS$=<-(5OA MS5:P9KS*4[N+DCVUZ=?4A=M.8',&^PX'[(O;!H0`QRC>:/'I[N2&SQ$&*/`* MQ_T&)[/M,D&G54/_Q]]^2:*;>]M>__J6(NR?[>^_NY'C!1%@[#.0XRLO<+[^ M]N__9AA_VWCR-8_$OQ)M:W"^`;SQD2W^\]GO";\I^6+!_R'H7SX'7ZS>ES[_ MUS/`L\N?_!-^L)X9<^;`B7A`FC?]9[]9P_%H`L*B`+SLH@=#9G5UR*SN3L@& M@_&X'LBL#&36+LAN!OU)?R_(R-7XG?'_?>LCJR'[?K`?Z=[BB.\#2P?F0.<[\=FPIN>OT-%MH)P'%!KDH--Y8U+HOC MD\%4,WG`[ZJ=AF.JW!E!>!%YY-;?_XA MB.)0-29Z/P,?2-B^1[601KMD>`F(\IN:@TT%J[%W8('/WV"FTA*<@X\8R;^H+%JR\#ZU6!XPGEL#6\&>"<($/"I##L9Y&[UHR4/!JLIKP_$P3ZXG M`:LB\5G6=)J7`;OATI@)'OL4@S.V##QP&:/7_TS<^/$@`AL.NN,<3+O6.QYT MN\7.=#+*T?_>T`G1=!"V>N-Q?[@-'+'`(0#L1$A_.NCW]@4`YP\>`PF#T62\ M%8ATD0/AV$TP&!'1GK]W8]MZAZ-^FNJ MW)K'AG,W,?7ZDVE=D!Z#_4:3R1[0%K/%L8#>[8*-Z<:VQ=(AM9_^=A"VR-(.0:#D-K^.(RD%.R+MKHD='9WXK.IB41/\&< MNUCNY%NY"QE>P"ULIUR-ZU/\TNS\C`(V/&L"1A_['%5*#-YDKZ;E0A3P9CN; M+IZ=+]\IVRA0EC+>H(M)*F]]I^#VNP*O/BF,F\8J5;)^GV*24IL^'^U:XXDY MVCZ0MF44++P]<$BP0C:EXF/FZY['>CMS$\?NN$HB[][\<)!%5GN[?*M[I`SX M)_FFC`!IO[CM]T;FL!XB.S_I6).N.>X5^$-E:@)E!?`4P#]^&YRSB_!W+(I^ M525%ZR"4A><8N3%4Y.8JT`_L-CVN,B?EAQ#HH\G6,9EUB?/C$&VS?>+V)05%M=OME>LKS'X]?1R`^@C_6'I@64;,W6Z-F[LZ]GO'. MYKV/0V!C?F,SX1?$9Y M_9$[=^WP$4V"[.NF02%9JDK`'E3&\_XXG0Z+4V]OBJ;>.MEHI&A-E8/L"&+J;?(?_OGWV\C_H M<@^^VNMN_6KD?J_PT5=XI(C7=1@XC,TC>3AY/#\P6FT9=$PR@0X."!BLR!1X/4@Q#98L`7J3P:?Y.O^'&T0+N\AANB1,YJ+0.H8 M'T+7T;J.[#R]_#IN9+Q[^^K]1V/M)9'1[_2&/ZEF5Y)M..KA%QKITN\R;PZ[ MZ9L:.18S^3P`68M-TT)L7HXE5H!0GQKI\8]B=[3B5P%BR1FS1WAOX891S&O8 M\<]KC\UY_T!_>#X;"6N7>Q$ M"%1SG\")@'0.45I_EXT)"8GO7M^UIU5;'M?48Q$^)J>Q8]8A4)PH+O.QDX\_ ME\5[6D?&X!OS;2SDHS8#A(L`-@3$A)W[\$75P0V?I=\224N"H#GP'>,VWI3" M>?7Z<_IA_HD7-C8/7+BH6%.E)BC?O@\9??TE2?U^9]#]U>J`]"6@XF@K8/CT MI&/QIXM)4\`>I:T`TG+MXVK.$)X'P MVDR^-^IVF9(#%EQRH98A`]ZM40B[!7P.:S_]><0AP'1D9*;"51#;``WJ@>>I MK!=8E1IG(2P7$L'PY_^V_01-*$XH/9XOL_7SLN,DR9'G5B]MS_D&Q!BSP2X@ MM9MBG;XGOX!]'&Q_G,,LA6A!@+D.FGA!0]EJ97CK'`S M+A[$/'&$1*16BQOGHAV+/`?UMR>^O<42(@2F!],&^?;61V'E,Q)>7&&378T8 M(<.ZP$C*=CQ=\I/B?3B?#[2NJZ[/S0DU7M`)T(+EQB76X,X8T2DWX+C)L='" M$OF7"PUWH0PJ^BPJ_ON7[%X&9^VR_\[0#] MB?[&)X;PZVEWX]BVJ/>&!10*R1GRC+:>2IBG" M)HCB;*&?TN:O),9YW7XN?[$TP0X[@Y^.@)+:HQY[Y22XS3WR#]1#2DC1PCB` M[J21)V@;F&L64H_C.5>(L!Y0"-D+8*O?A_8*XP?H.^IO+YG'7:J_N,DON_>2 M2@4HQ+/_%7BH[B(@Q7#=4?9=UG8GK1BA0)4]J;4_:(XQ;93IL!!A[P!_RT'>,._7H-Z[\ M=7!L3<-S1S_W`%=/6B.PG"-$3KO-"WU%RPYAXRC'2/AB7.9RL_X;L#9?$YY/ MV7H6A"$E(%-K9.I@#ABEMA7PV@P;:BO!`$BWN72@`R!;,./,83\1+\;A&SQ;SKHCN]`AKS*%R! M,1D\3X3FN37J:=J+:)4B=G/1X1Q(SITKX&T'/"+>B047>N/"*C0;W$\7E6M* MCT9#"NCG<>FU;CV/W2\9D26Y#OK:?GZ3W6DGT^:=!Z?TN)DBEZTAUKP/]0)< M90=,:#SS&9AS%`!:V5\QO*'Y04^%KS!T!1^/%H^T]!,GQUTAQ$>R6F7:F!<% MBEJH(BLD/358,6KS$Z1ZS-DZ*$.2*))$L^ES9,+_CHX5ZG3_C8$JMT16N2\.06AE]L[V$BVA0!,DJX;HB,YIAXSA.CE/E MW8@8'GDNNECB=G9J@.?%X]:A%DON`TWT*X(!OYC.H0Q#=@J M::=)(D!ZL4Q"5P)D=NWLBHP)G:_&V??CLH<*;TP23"EY(32])02AJ0 MV2;6MG2J*BR$R];*_*E[W'\3*#<$B2#GT13Z(]GZO'O\$??;6?P.:R,?[ MJ5L4O4=O[#+MYSJ[E`?C%.!7[NTR[$VZC=I`U;8H5C??*>K(&WA+[N3)".AF MU!];TS(;*`#D%!NHW%VL9UF]J=6D'52EH5$OW['QR!M0][FGH:'AH#\I14(% M<)P"_LI=;R;37%_*,\-?D8`FO6FW%/V4@9\WOGP71$:O[1"'^$0EC:O]]W(;IW>MVRRM M8Y)@?T-$58/EA%NI;#9M:NSF[*4B-PPWK*>#MA+X:DXJ_\X)FK?=6/U<2\*M MRQX!NLH&T7#XP:P)L+'<`-)7YNSN8 MY/JE'16V0)RX!>:ZP#`"[5!:5@_![>ZXUX$,J MA_S!#1D8!YEQT[P\H.!&$,L$5-(&O[G?R(_;FLNANHF)Y(7P*P.S".B?\GGR M"%%(YK?K"4%M&]8-(.JFATE/+(0W^7ZCM:?FJ'\4?Z%^G<8G_`N?IDZ9$`I? M=QQ?]!3=(70M`V`55R>B[D5[1E9(Z.>33WV@_%#1.0UOT+$6);:_WU#R)HT#[T$"WNX_T3Z%8` MTJQYQC%6L-D,O2'Q(MH?T\?3(H4,8::T2\FW-K\G+S@S8V9';BMRX`MR1+?R M0`Z)E(JPY6:_@"=^L#J5%IQ][CQQA+NQP!O/?^Q8@C.I7("\\7CEF8S+,37XS("B` M:.X?,?==BG:;#!CW/N&%'[@A`(Y]A\U$5*8FWBE(6,!G:,J3I`E$H1$F.*\( M3"/ZC+.T_7LFT0$:%RME0+Q+D(`%0I%OO$_+M:VNC:E46.O M=-%5`2OE^"@D!2Z_1G>8EOZ>_XII_"]Z]>D_*7&.WX03GWU@OA\]>M]L^NL_ M[/#1(V9ZOW2YZOQ_L'CB?'W,G#\N17PO6"!N:OS+G#B6%1V8H%C]HR0:MD+GO-U/!LA1%&PHE M-;WWZ2\K0(`C;!QILKV_0_K1+*T5?35:NNLT]P[^]`_,V,-P'ZSXF7G,T3\' M@OW=G?$"4PS`RJ>JCU#F_.,Q1L8SF=?QC,]5Q6R-@MPTFUM$HC@OFS?727-# MN)P1XE2(&MPYBUW*\W]'[/):LLN=8I<[SBY+9L__F=BA3!$R[D!M>[!3W$J& ML+5%27A$7$B80H(@);W]("!0@@,^F/G(!G,@$^A,D666S&N23>@?2WN>3W_L MFEB;+Z6?S#R--&VGI_3-9>XHC9CS0:+$.(+A6TY0"3_`>)E40RG>J791`N:L5J%G:H.-0!5=@K#!%EE+!>"9RJB7@C'Q@NACI M`J`0"Z"ARBWS[6G*.CYE&9HM-J52"K'FN:<7+#B\/`\S<%49,J]<0F',OKMT M2YV,-@P M&XGO#@1H3J&K_?D*\U)_9.PM+>62K"4-=)'EC$7:I#2XE*'7,?Y4%6$JDX]2MN3V58$8.#Y#K>(D_QS0C,-SCM=)C!2# MF:K!PRX%H36&J+-J!%C8%W4!?*AC2J9"*B"!Y<:UJ[WJB<9KZ>+F=(PE<_#Y MO,=,BVR0`'\E(HG=U(JX0`^`LHC3\9".BA(AQ7&+&MPFQK;5S74+NF_GFEH< MM?_V<+R[*W9ONON9$H\GK1=SD;=7@*S3HNA`KJX#.6+TG70 M!"F=I^.R-M06GDA65TNP)DO02S%_*?RYA_IN$7\VC([>90ND7V0K<'=[O*V@ MJTO%^+%S0G,9IUC)?NLX8<+F1YXY;?5[ MV=*"I]/#H6+'(!C3:6VIJ,"<')+'`C%3J2,K-Q`Y;)0X'59R);\ MWIOG->MM`-\O?N>-)5\Q'WZ(/WBV_P>+*>WS$[_AOPLB`,P)[GV\;7M+?P9& M"^:N\X%1G@\^`;]]O_AL?S]A!=9MVEYDV];*%659O>XF+NM&5+FSVEP4!&'\ MIZ_Z1/[==GTJ!0I=3"0!C,-_\V7;="0WO/:"0@#A'D.KWQ M`0XS9+'H1)R#ISI=`%BO>6NQ(Q8YC,OA]$P[+3@&3;X?27X/K2(U5[C.,>#9 M7<_7[4WVAP?_:$?+DY7N]89#:Q.ZHE6/`%SE\F1K6*"*3P5<15;K#Z>#0X`[ M?5FFU1T6`EBJN'!O*"M7BO7/`63%PSX8E1^I(R>Z&=%A1GPO7^B7^_K^:^\N M>Z2*\=)K?Q"MQ]X$X0?10!$["M%+)^Z!,LIUV:H(RNGV4;70M#>8''\C:-K. MXK>BD>D=M0,_(M"#R7!0"'3!NEL!E',!GNR`=JA\G&R%<]ORQ?!^#F[YW9.L M<\'H!5B>V'+D5J:J'[,<>M3K3?J%L)/!/\%47*R!KV M1\>!OX2G\^-4;EL=0R#$(/>.LFP(,486,X9$S69$M<'5W;L[T-MZ%W'#3R@S M>Z.S*ENMO>"1,='_G,;J$*"B(;Y>`8V'W<7KJCA]@,__<5:('BM$!P0@M=9 M!,\X@L5C+YZ]__#Z582U;VN,,8>;O=QO'4Q4!W7OY4)%9[+@6RS> M@1^4U_QTL:P.,FA6,"#=:"FR^X,'OQI*"5M4"D+U)O*\LM668KH0`+]B=D05 M*%0D`%\1R?D;M1J\](EJ#&+L+R^>);5(929I&5AF/VHFBQJ/N&T,'J^Y23\. M?XQ=;+TKAP+``VZH-2O&<@>,C,O#C#*]BR4D$CA5)B5R9)#\M):]LAHSXFB( M9(TYKZ)(_)")F@L"D0:=@6#$=BKY-XDX&-[04O&3V/4&0@7FB>3GLN>]CDGZ MKBAUV10VC1,QV>I.WJM93N$561,C6PH0=0I.7.\IKW`9\P+'K+#M+!M`),= M;E*FIR*FM-!E*P^2.'O>2YM;F_BO0;9I=G]C-(W>GA_-IUPO[98JK=472"TH\.#^EE)5YW!$$4+VPW3IMT:)]J\-%D. M`:"*(UZKAK]/HJVCMJ3@H.T!#$Y:F;?B!9(:[>VL3(H*2I`*2[ZR.1-:(=@L M-'XI>*&^BJ7A[D:#J\9 M/'VHQNKCCIP`K6=X=]"0\]0]E,8(WNI,6'BG,II)LNA'7YKDJ1^+ M=[P%E>L7!3\*P@J[1,%1+/F*$K5^KV-P]VB0>O%14%#2@FJ#VG^:@(:=I]4QK.&Z, M779V:2.2E^D6]""A4E4QG94*^E:O#H8^IG(\,]=<.29M6Z:R[WXDEAD,:]&! M%\,RTU.BJV4L*9O#GL%Y.QWK M''3Y<5:2>3$X0_"J_FT61#Z/'T`ZZ!KEO%0PJN+473`1%,BX39DVG>AAZ/&E M2)6A!A&M@=D?-N`#XD468U3.'S;V':8P0.=NMCI;O?KW- MN=[FE".?-YE\9XV$KG>E')5FF='W7EX`OFX->\*#*D2F8Y+_8'XMU3DL+E,4ZET-*%SPWO5_-6A83L&W&]E>R4Y'!104!U)'+&Q+-.<]7-+^=UIO-\.. MMS0_VN@KAFW$G@]'6JLJZETU['?Z:6^K3)VI9*,]]37>I0I1,6,451.-Q7H(V7.KTU6G*%O1B2YF)5HGRMY83W0,?)'K MJ?82EW]ZE[>">:+E52-HM[9PF&Z=% MHL^8G!R"A[FU_:02`/Q(U+_H6>,/('9"C>1O./\-=)5L6W:D+F3=XS3^LDHT M$#M2&[*"AF?5S/%J1L]>3Y?N=G*&Y^NW5$KVY6KT*=:/-=$&SJC>0^N'(*JJ M?;&J45=Y6[G(W[G$SBJGBE(V@YA.W76K*HLU],OUGTS%GEH'ZI#Z]W=7SJZL M$NNM03.V96SX6:*ME1HQ-(`$JX3+FA#XJM;RX4`:O![',3I*M(!KJS6#V(NJ MSGP)7B/7-!X;97HZM(!H<3(?A1[WRV!OW[F]&(X/(N/Z(:Z27M>^\RB1T]$" M-M*'!M.XB6I=3AKC1)_7#IB>)E'RQ#B[R+/8CRTU-E0IG*-6NV)_;/.G3\G3 MS789GMY8'S8V#Y*9QQI"R?W)\1(WBS9W>K%R)8=C*IENOY)HXS]>9CH*GP,9 M:=&FR+!#AFD(:,V("7\`0FCCD=UXKL\PE<.-#!SUR`?HX:#'>QSJMK)='^^^ MY??$E36WAG!`GS["KV/\'1[G60EBT.TVE*!F)3P\4N3%P&,F3N\6_A7.>)J2G M,?&U,0LC9$L$#M.&:#I]<3I5-L.&QA:J49,\-X-RJZQ!.A>0^K(1N1C/IYV> MPA'@1HS#M+]S8C0E(B=%[W:U=*W-=PL(;YM$.G>J6Q0EJS4?^)=$:>:6-NPR MVIPJ6S@NL'3"&S)YM,1!J6*Q7%+.7LDQ`E&40/*K,9J,0,(;2X9"\5?#&DXI MA77?#)I^B;26(PWI.]9G>N?\3#6O01^V<7BRLJ4G*_"1R_HP#KN9 MSNR^E]G]6-]]OR&[?VI(=X7=UU+.L3]-'CZ7[,BC;&H9TW4Y6VDF[[1\ZM@> M[*179*CCZ#7D.`X;'E9R3R>W`S4#;6?(3$L%OKCC*+>G)AQ'40S4L97?W8C79H5VS$IKFJ84ZPXZ_>Y! M[LE9H?_I0+\RXU5O/Y.3T]"@,RHXA8JX/SF4!=C>'E]I!'T<3-WGO`NK0MP[ M$=]4$JY75F^EX);IG(^@:C!^C9<*S(]DG3*O^VV=#NIWNE<=='8=5'P*5QUT M*'W\\30?8BTSKH(K-,*X!>B6Z%T28]V/Q7G>/ MFX)TA_N^BCMO1I#D)$7YAQ_+I(D!I?U+\1MW[*2-XX M@CII@?:3]%2'3;%77'*;;JG_<(KC";NDU:1]H9LBG["?\0FGS=@4GHA18FDFT\ M0_;-90^\LZ,>,O(#K4,I[TTJ^I3Z?F)[WJ,1A,8J")FQ"-D_$SAX^%4
(P7F&B]11V:.AK)CU+O3>\1$]J9$_C!RG6,A>W$02@"5MA(E0$3K[!: MAYSD4N`[^!?/N>=M4+=P%PB;Q<(_?L-D%0+5T[Y<& M]12-\8_A.J!W9X$_)ZC))T&P0)/'@`JQ+RV_OV.\]8UY0+4W@9E9+(E=#\X` M8#3NW-B]#X-DK7*:E7%]EX2`:7N]]K"KJ7V/M45Q+D8'T+HK0NQ&K8K]R.-Z MA+H0*SQL`PZ-6N6'JBGMSO7=2+P.9Q<&*UYBU!]VC5L[CY=L4UC;BP*2X79( MW4)=`L4V_A$$Y/$H(QE:_PFC-DLW@)_^6Q;\Q#L."S"V#A-ASGK<"' MCGHZECC$(0%Q7LKZ2J5C;4B>GM[0F23QCO&@LK=)3 M'$.?Q,[1DXV_92OM3$(XX5)GMP),BD_JRRD^4,L--OZV=3GU``U%W( MN,&:JLR0.J4SZP7^_0WJ8B4#A'N;DIFB=%&E*NZ6GBKCR6I(AG6NHC'Z.HFY MZJ'.Y4LWG%/-ZF.N'!-7,F"#]CT+0>["B7O)7`#OAL*X496S?.,2875@"#H M&;"Q':GO\[[M"B=92<'XQ-G4W]Y[#L+7#D40H8XVWV?F#J7OJ@?EFM8R M^Y*:<=,4U/]!2^+D(KP.P^N='8*E=6>OM^VI3,/%TZ>4#LH"UI`T\!V:]N2` M%;2_:L1!6D.S.YEL`ZY5_/(*HZM-17-!&\I6\R/6DS#_W#G MC:?@K?B]$O`1BF;-R:#-!/QIA='NII-PVVV61I.P94ZF;2;A-T'(8%GC4QPX M7XT;0]D5#27FJT%Q2O?&[`ZVELRU@)A?!8T5PKV"ULE7PCV:%.Z;ORF&KNF7*\7?0-`XY8`.GG'-0@^TSZ!5, M@#G@=J*@COPL9_X9^R0?>.Z[^[6?_H!*%,!7WT2[V*]H!\V+@C:>E`9#T^IN MM6$T9N<_7F[:LDP&P80.])7TC!!*0-)J;3"-=18&]MQ[5)FR^*+(V9Q7S^4X M3FK&H*#F>R/MXJP-K@\TV:Y)!\W8Y6?BD.J[/&9/VQ8G/E1`7,MNKR\IJ^!2 ML=?ZX<^OP8V.'XV(.4GHQBXK/82S[CNFM@U&TOEGO19GQM@%H8&'D+EPJOPSC!;PIZM6B&,O)L"8.'@Q#^S%7'\=$ MI1M?@BHV0S?Z*NOYTMB:YZY<+-3"4JKU.@S6H8NU@6II$94#TEH:#VZ\=/G\ MQ!F+'QCSBY:TT_F6\#$X,L"H@(,W(]!@6B18E4_5QFD%O\T#?L;*_8[PKH&` M70<;$X0VEL"C-87VE2EJ^HO,+.,%_E:K%,,HHAWQ&:+_3*@M`I_/B3`Z<+(O MGO%R9^L9+])[^5+L)HU,RCTS[A,1&GA7`2Q'1#S\,['#&/LAR!+=C?`FX.C/ M]9RJD,4CV@*\6%E5(XH"S"LX-AG.&ATSHR')9Y&>H(< M>BK/%V7%D:0<3@0A$W_F9Q"M/3?FQ8]4$VL`-GSO46V:MV[@SQ95/':,VX+? M9FM#9\QSX;/BP*FPG/;L!P:V0J"YF0`C!@9D4U*L446Z%:1'!?>*$Y`X4IYI M2VVD+-G'2E6#5^/R0E+>K8.WZ1!20]!/_M&.\1[K*CU/_-OD2++G?R51VK6* MC_5<4>DHYS;&Q-Q9Y-9(ZTUA@Q""8^/])#A_^\X2.02;.R"#=(R/5`Q/8D?R M_9J%"Z1..#*$&(COFXLLFO(!;RM`!;PKQF(B0X1@R3STE5;NC6Q%0ETW[/G< M)58`YA!T'[*9#8?L4$$P$HKKQ]2E`)\&5D1I1>R/+!A^8R:"\1*;?+[S@ MP?`9FZMJ9DXT(1.0(1ZPVX&-B)"-46`I$,M8H>^YP.]SY'B^Q35MC*-UWA:B M4^795"]-P@][K=%6-O)!+&:TDIY>Z8:2D'&(3FU=D2ZK5`BBY MMHVK/_:<7H2/^F@`[#/:SEAMYP5O&<.KRAG.R-7FV<(6<%`O]879/I%7%=#S MS^OS?K$3C.JVD&VVD-GQ2SEB=Y2.V,W,%FX)':7S:],&-J*3A3R[C3XVN/.= M9Y@^SL]+-O]1N!>KB*87)J$^57%0Y+%%>7 MN0!T[B7$ZJL$0.:?-N-WX M;A\QCF]ZW=XE.1-G)'UK9$[&AYFHS<+E&9FL;_;[9:I[^8]G28&J_:Z&;@V, M'5&B],*F<;>@;WV\.??QXA9[WKLQ'T?R*HEOF,8?GU^_>_\) M$Y?\:,'"4+OIUN:-X+7Q\YYV*RU;D(N;>&UHR&KM!8^8Q1&$>(>^`DRFOW-] MFN_@PX:B9+WV*')N>P;[SIP$KYD-[>X5[UPS*1<\54>"*E,E"MK\QZ%[?Z_: MI>LOV)A``BA(_)#9'EV0T^TZ[L]*,PQXPD":I5&PAKSZUP<0%#T618'CTE_% M06"*!N4.%"0C4>OOYX-.5K$;M5"-/%K*`M#..I<%D$FET/(,GG<[/3UI`2^Z M?R&0+**]AG.>]*8?^A-9&85]]S/;E<2`@U*``+74"\S2((+5Z1*S M43B3QO9WGN$DQGOD4QWR*0[F$9,6,K,L5#H2)LPP&Y80?,G3&7C.BS@(-,HY M?6E;)7S>WX?L'O.D9-J->GNLO=VSVI*$DAG?L,01"RRDG#!.+7[@T_PGRIM] M*L-(&\2#?&1C+BB-`PI!OI604EG>BIC\:!%A$@UV.].4!DEBY2E%9<&@S.QJ MDTMDAI,89-"7^40IK0#D'BH@;6`/;B%B681P&&D$CA]DW)L\Q02;0&18M#R6Q%$2K_#9$WZ%HOOKX46O%S1ND"YSM+ ME(;Z"U%.PI!JZ:9I9R;^:VADQ+[^"YT3#3[:JR!YEB96\!/O3O.JXC4-'4*! M^-^)S[AR&;?W`!UF[=+T$3ADL=$MFP(JBY8T]DO(F10-('-7`'A$3>Y> M",LF\TO./4+1%-A#+[=1CJ%;O'_[)8EN[FU[_:NXGKWUYV0S9C,"A`$9X=`S M(%7@G<]`;J\\`.2W?_\WP_A;J:^(3`OQ,3)&W[GVS/4HP_R/P'<24`A^3&B" M[W]DB_]\=AM]>;_X8O6^]*TO>$[/0+>Y_$]_P@_P[SES0&%X0)DW_6>_]8?C MWJ3;[9;<65F8OI&W M?[QY]ENWT[6T791:\MA@;J#[]`]%M$B^#D,R7*ECL;X!GT2W^-@#SBQT+ ML`V\G1ZPMZ!=#\;6#GCX&L>`I02"C@3+^R3&26YS*7]/AAQMH:-!=3B:2D)% M[&E\C]Q??=<#:R),V+-*Z'IF_'+,[Q?(^E._4BBN]V*I&`# M646"-GJ>07%0(=ZJZ7F\\.13"P,%:C3=@D=_IM@G^XG:Q`#5(U5,ZE+\G MW,#X8GU!,+O3+Y\#!71WN@OHZ;@_S@%="H:C`VYU=IW-HN/"7N?Z\EML#\%QG;@ M/PC'[TT0$HN\<7U>]'2+-CYO*'%,_`\'6S=0`I3M^_C(I`O[?O$./8#WBSN0 MN.YQ3^#)`]@*P@;48%^_PR#9$85)K]^?;M"U6&>?]:O*A%YW.N@?<_VJA#7H M3S9TP%8`UBR,']'%B4$U8*^A-9[;W\,\4%4U97\TW=1$3ZUV+,AVXF=@37O= MC0,Z'+(_V(&VQ;@_W=0E6]8[EH7HO@LH'T%=OTNMO2-`G M5CL69+M%XVAH=?-68GG(/O*0Y@<<1/L9KW9LNN3.7=PW;4%'S.?E$PT,(KU_@]@KM6/`F*^!D\0#GY>.VI$;F>)> MT\9&"PX#6XK?L>GHHIL(?7V<1TZU[%@WS<`,=EP&UAA6Y&>/0*_TSP**C0*T M<=:./"D4"P)RN@^88:,'<8>5]I_`KA%8;$)01!@Y4S<4V@?4!96X+UQC.3[( MA[EI@!DO=LE7GF-M?ZPNR^B<5T'"ZZWU/S:OQ'_AD)X![MLM0B=*@+SL".3HO>WA;<@]7A(' MX:.)%[:FRH105W6Z]$)YYV+VCX^=IQ/P!LPSI`&LDQ"D'XCB>Q.ON9'HZ6?7 MISX:/+^".4L_\()[WCUCF<#G\>HG@'<;=E)"]!BK`$R1`%,&&@7>:Y7?$%`W MH_MEW"SXJ)'0#5=\*)]`<7$:X->R&?+]#Z2&)D'_%MNC4':'@^@%*=/9"A[] MF!6$3V7[7U$G(]]]EC+R3>)OL_X:G*:VI_7G%.B,#6V1L]Q0<;H1M2'S MQ6OJ>])@@2]]8W["N*&@M=1!.PE(/'$H_8',%:3Z%5UGH4V!#&.'<0PTT*:F+-'WKF,\A>8U@,L:S^F_97F&"M\8"@JT!;F=(V- M/T+>]21$*Y-]1SM`)D@QNH='VX5>=D7XCQMLI'-#]]Y%M8-_PM9J$0E^-'H` MJG^E&6\(><;\9+Y74-4DRQV3;FEM?#R?.Z4?J/R6L.[^V_83&R@BGPR6 MMZEH6]FLH^)DAS3-@6?*3/44N>>#-&]&9C@-3M9'IW:ID[8BQV/Y.Q@OH9B. MD;.$[H)P'1`%BON4=HFDUUG/C/?S*O3*,F[A8TY2/2W7-$\F=3ISGY2)3D^[ M.@L>]H:C2#ELPT<0+H&2D5FSCLQ28:[FC,^\76<:]^+@4^F++PD=*SJ\%5KS M"ZF@E(4\"^QP3A+)!4E/4\X4+*?X2"^J+G.+]Q`50,(-L.6`N1FTFYU"AK*YOS ME,EN&U6"\`Q>$:OJ%H@$6#EB+ZM+ M#421=BG5M9-Y!ED9/KSE6>5R47D#:!Y)3@K]$\5BD&FA0G_2_971?W\$C\K_0E)C[J*V]N=Z MU]U=G";B__5D`%/]`=OJ81<8O1@F%6FOE`2;W30=&']0*\-9Y,F5;`LED3:B MN?CGK-Y[.B&7PJI/+$=E%HQJ2C2+.-/C4N0>3PISC[?9XSN2CS0?V('NO%7D=,\>@U]\.[=-@ MG`3^JCD*_=Q%\]GAKYP`-#X^_'09>_Q4I2=)6ZVY':Q/.,^&S8\-V/`)J+0E M\W!)U857&[<^_<_K5/_Z]>$7&['7A0,HL_HG[VNBHDW,8NV@6/^&&G_R$?LW$ MJ[C?Z3WB_8F,:^&_'GQ1?OR=0G'PJZ$YZ7:-$$B8W0!$W,588."%G$P'"Z7I MAEW0XT>>,H%"P33F=FQG\REHLLL,?Z+[ M&I_".XZ*'VKHE)0"$"T8^"DZ(:T"?E?D&Q:`?\\"<,[6`*&8Z4+$]<#`G4-O M7X*3N;X*4@;'YCO1X_>-YO^]`\[?/1@:=-XOW0#`N+_ MP4X3Y^OC=C0L`@`0#\@7>$=G\5G@WP"(S_B9"8=5[E,/'&#T^3XD*?0M@#]R M'UX['H"*Q6%@O$:3$#X)A\=$KWQ^ON#]L8U3RR!P$],=XS828TU$O.;CN]=W M."-1#-0!KD?/DO0+#\;RX"?.%Y`Q1O*ATR00$."YC]%?,*!O1_*<4-[B,6/3 M@7O12B!%BPR3:TCAVS&-WS^],S4BQ4"QX`?$U)[8(J[`]QINK&"(]M^EF#K M1ND.8AN8>T$+8``5Z!+W+\83A51Y(5QV[>:!U_GJJ%-WA`O!K=1<(+T^I0BN MC#IC&XX6BEO$5W/DK`PFTBE*94B)2K._*+,M$(=$)"@E!OZ*"E#5?9X*+$:1 MB'U+,2+OF_2/XY`;^.]O_):0J-[%"G0N:5(!A,>_2#P:OI72N;CZDE<_-@J4 MW,67NH#(5\+S<5Z/&;[CXWRX3"DGZ2D?D(KRA61_^^'S_PC110R6_8XF?`H^ MZ?H"!0\T30H4U)(,"XJ8S07KBG-8@G3'[%YA-&\1-UI`D$.362^SZS(RH`7- M$A1&2-+^#SS]K\"7]YB,WR1ES0:K]]-F@P#>\45*I&J7_OG>!A_E5W2('NAD M0WA$!%:)#O$3!8B/?E:Z6Q@8+3B)3\D*Y^7]*W/[K.<&TG0TD2*G& MRL)V05@LP>A3TYO4[!YZL&2T_C@CB5FUY1XIL0(G!*#=(ZSD-6M M:Z6"H3XE%N(_'GMJAE%R(*]R>:O;$>C'US8T*#^SX!A3EH\T_J$1(Q^>=(*/ MASQ]DY>$OF*CMFUXNZ03>2V\IETU7^W`WR6=S)81ZW5)Z&KZT@G00((_]1LQ M.^I6A*=+Y885=%/>BN1JRNWZ="U/[V7:537E7O M`I?2N,X%KS4#$T>^."84A--I4*N/%(YUZP+PL!7]!VN1WIA61T"UQKCJY M63Q_?;I)3Q_.!_VF\('M.-B*G:=AT&`$?3B*-K7GHK5\;VH.BX:`7=`6K;XY MZM7H?S<>(36ZOXW'Q:!O]KH'6747;BY0!V_#7:UM-R3)R#NN7+94/#F'G'5W MDY'9FQ9,X/UAAC_.;85E=JW+=O/[_:O/GCDZ<^GC>%]BH#KKBHA^XO2!BF*:@O<&+]2S&$_J(% M86]J3H-WMC-#+[O8.L@/J!/EWZ1A..Y"J2-?+L`WF.#PHN-)(\"Q2# MI@A4V8S5^R%TBV@5R`/%]Z*W:`W-B77T"^06(^0JUK4< M8K?@V#^X'I5:D7;1TA6MVOVIB=/8KH*CBLN&H>+$]'^58IN M=M&G--AKS>UI[ZF&0W-Z6,KM%C:>XQ\Y@3K%:)[\HA;9O#E0.'0E'.$B?`97H)PSHWU.$9 MR\/X1+* MWIEBIEYFZ*G>43-*U]6G.&6&?760*P*<8*MZWV^9.L^'WEDO94-?N14D'C56 M/C-C3QL#F)O^JL8%9J<%EIV^E96BVDRN66C\4O#"<1J`#H[3";-,`]`RGZD/ MFA*].TM\I:"]YUYNYEZ].[4C++2J:F\#7KYU9PZ;Y=O!I4>S7PE\^24L;8U< M9M#)I>R3G3N/B+L3M"/4./EW'_)O=_LUP[KI.R+ M>YE">Q@Z)Z?/,ITN*R"Y#I`+8ER[*2\;Y3HYC).).2A*;VTM*KMG0^5P;`ZF M!1EI.U%9,YQM(,N"V'<=HK=1Z)^<#?O68&A.1P55RQ>F4\KUB=RCS/)T_2!/ M://4361FMRC3ZX1V9,T;')B]X58>NH03Q`:/T]*N0*&DK@/,`HXZG37>%#UY M,3)ZC^Z+C?$+K]YOZ[W??C.XX(#>BY>C;ZRQV1L7=%B^')/!&IA6]Z)MAC,Y M=LW6XGW+[!=URKXP5;Y'([#+(?S"FJ?+D5QC:Y_(5VM.[RJV"CWX8:\@+?O" MI%:59B^UAHIV->.Z'.[KF]VBHMC+D9ZEQ4L;3^\J.ZN2],7(SO32=EM3F,LA MLI3E;W!\A7 M*=>ZY')8ISH>]RK^JC89N1QVV=IGX7)D7K]O M#OHU&+57F=-KD.`:)&A4D,#J=\UAT6#N"],IUR+F,[+X=%1#VOM92YCK*%LX M:PFS5=1:_%K"?'XM>3$2^EK"?/5]KR7,UQ)F,DK-\>BRLR0'YO3`&_N&G^$U M8Z@H_7=BCJW++P;\H4N8^X.++F$>#*Z)CC^:V!I/+[_+W0]5A`?V51TU&FB%\@JS39].,F9/]P17@CLSO>>N5Q">+/ZIK3 M.MJ&7L5?H\1??VQVK:VEYQ,S)*%O$A6[>>Q^Z7S'^LE?:OP>*&\=T/ M$BQ^[;/P_M$TWOI.P?"VMB9#G-F>`8G7><-G<4IR#3#5O.'J@X9QBMSV$<-VUA'" M/[YQ9RS\`XYK)NVO?[U$Z>VCPRY!W;PNQOAMY.0?0:*>`7L]?6W?_\WP_B;>@%P MQ%[A3>&=?E$(C(XD])$M_O/9[PF?4/S%@O_#*I@OGX,O5N]+G__KF0&[XD_^ M"3]8SXPYQ-ZP#+RH!E M[0*KUY_TJX,%;.XN@++\^-9Q@L3'D_\0>*[CLDB=>R4P?T/R$M1EE)0LLZK, M?O,J\.9[YA.7`=IB*8"5C"2Z%RXONT[+HA9-?P\XN/2_440KE#[/[@Q6`HI M(D!%PAMK#Z"Y9^!HVQYH2_@[6\=\U#J*6^0A^-POD]\K^R@PF4TEOLR`FF$<=8),X@14`SL2+T:I+/(0>-AYR?14O01^EB((WYG/2?YL:[ M9!4@BY"E&?'?V[CU.<,+'#@QTU@G,Q`(L%DP9>QE!"<.%WR[U;P]4C^06L(08R!+0Y`4(-!#+:M(3R;B&8Q(U4*^8(`8BTU M-Y=?24/XDZ8>_`(&N(4O1)HN)\]0\HU0#$(4HGMH.WE:9Z*3`)MW#,!D5(0/ M>V.`="'0ND0NVD"ZJ#W_*XF$=U"_UR-%JZ@/SL*>9 M!E+J[&VX>3IP-OQ/+'Y+*^S*G=3=PGR23&.@M160T#(2O0GR#,2/^'FO,S*`QCQ9Q:'/28^V#4JG)]&7$Q\9 M=BSUD1>$JPAQ#@P!WY^H/\&_E;^K^<(WRO]&U?22/O[<2M\CU;L&LH5O>H^T M>:FJK/ M;2\`^07'Y@+N_RMX@!5#D\>J%.*EY3)CJ-G);?^F9(+-#2@/7O3P=Y(V.(WR M:(/D2?5%VE+>H%`1A]FC;K,8[L)P^5ZX7D<"BTJ;&7#H`E*./(3!$51)&Q*+ M9FRGC@&N(2,92+Z5U2?J620A14MTM@R!N4+./TJ(R'VVT8#XR(UH0(`3@`9J MI>$@*2?D>_@7BZ1O`#H`*$W%9#$`&2(%(060O0Q_!2$Y3YR8_W4.7/@-_XR2 M$CC&\Y#\4)H(D65[)'7M]1JPCF'WCG$GR%TM(P@P!8L\,F-M/Y)1ZZ+N_`;J MF9A*O(7:F*@,?MTQWOJ<)\$>1_$4-^D;%)F?GAB(32#=;RX71@YZF61@P&$G$5@(2`%NK"X&`.OOZ(HA?QH% M2,PP#%\$3[ET$BXOQ%)[HP8V=)7Z-`Y:&GM._8-R`D7Z!?^GW M(M)"(7L;WPX#&XXN8_G`3OGW'#L,73A7E.$"*)3=R'-K8C<$>'.3G#36@8O% M;0MZJ&WDP#D376'@6XSO1/B:N^((P,T"+],]E3@$>2N`@5O!L>`V)"*`E"!' MLE`X$GFM#._,V-+V%N1PYS"_0P@+7\P]H*[IA^PDND;$"4X);_< MP7^'\&TD7/KC/]((R:='\,%6[8N92G*1AQ>1K')]L(!CI24IWG._!/+V7,`' MRHM93(HY3+@#SF.G0!6A>^^B%@$R2D+4A:2$0\:D[P`LX0D1"78@!;I8BN,L M#:\]&Z4?0@3(1><%^(A>20$4:R-\A@.T!Q3]3[",<6D]0"CB#>A(KN/F1HT2-S^,:T"W][%!=H^E4;16W1W0M9!I(E\XAA\2Z:A;3RS/91Y-_& MI/XB8>/K+Z&93Q8QVNV(&7F1]_O;.P0\"<[)H!/`&M'"%]R_ MSAE!/T<SP-9':$`2PW]0-G.DBJ(8V-8G\ES"N4%7VO@?XT,0A#]S MM?*/()C#]VFOF]_F_IW5S1I1VL67S"?0_V()8X-1] M\%KPS6<^E`:O"5P**K%_2B4 M&7.6?X#3JT9ZN3L+"O,(ZF8\2)2S=&R\0T*SY!>2O_G5Z0-T]B#O1&R">(D" M"_+&B]1-X-_?H$5ES((P#![(3B?7,0S6H8O2'S\(?V0I[^`U!V6\B*")S=$# M$C#FX1Z&6H8B%2E@/^.^,$$-X0&C#ZW_HM5%?%2>.^Z:\3L_.`FN6Z,H(;&/ MT1-NM4O-BG]B=-/'[3.]2YP45N,X=$L.C:?R/B_F+KLV- MD9AT#K#27TB_X`8\MT9I\-9$BN:R8-C]R7A!3/>=G`S@H>I"%\8\M!]\8Q[`?\GHT`+\,"Y*4C@RW^#2#8PHW7+0T@'0B)VC'D,@A(Z4 M^DV@8;5ICRM*>][M#%407H9P`PS3HO$=H@4-.R/#3R)+@D>^IL2D4)1DL),4 M%]XR/:17(Y[A9DM>E'_"?`]N#'6592?2(21BEJ1]GOH3S?SY.;VWPS)&3(@?454JT4K_F;54S9Y'*%\C- ML"=#GD?R#Z`6 M,&'FIO&!^7[TZ(&LQ+?>+UT>5_U_`%KB?,W=W"$3B@@`AUG%JM8B$X\G8(&H M!F3D8EET?:4QK;2C11*74`>9F!T%-+,@2.^9[LGP8NJ!I#P*@'F0S&+@E-2E MXY>V>)>?YM*(+`'34%:LR*GB.@TO342&$*6Q\WM=OF>YR8X>EM)N,YD&$.P5 M!`[I*Q(V$0]GP(%C6@32I5"X!A7AO,Z&+WVVF^5PZ MVL0E`Z)$Q);D=29N3]P8Z.E%VI\W4HJT/)5,3E+'>)7_^CZN+UD*SZU.-S5Q M0!OV,U?>\`NKQ%WSS]%.&J'%]!MO^GQ/NQVWBZ,/6L`ELWX+A>Z'$`\1+<\/ MGBU8XK6Z5L!_O2<1]`X]K7=DG]QNF2W78*%,T'OYFK)H8*WVOU;[5]1>?2"KJOP=FD#$%-S57=\D.M\ MX*.%BWFQ^$4D9_P:9K>(NQ]9;:)\6_Z';RY[$*$`%_C##>E\\>X!LR,,O,2( M*7ZLRSXW=)(5NN44*.9I$DSE;I`B>B2'GU]31$L23+!K!L9Q0@)C#2998G,[ MB&Y8C#2O;95H MJW:+>Y.I(I&(061HBQ2AU!(_H^L%1Z&N?^!%D($ELU1H-=C"H@@^C'>S.==-\.T\_N@`,BK^Z MD4:$/*$E13#GG#:$-^7D8#"_\8(`;`C@(8P]")7 M%I)!!5%L,#)F/NQZ1J4(`+_\)]8\[XBK?3Q"P1X5OAIND&A3[*:RSJRZC-$3@/1#=@P0.SXUJ`Q7F[L$Q M7+EJU)%]5M29307_6]F-AG"G37^80Q_97YJO+ M'!'FVJC76ZUL6$.!RQK M\FO:.??9UB$#&H[(-L14;2R%P0YX<#Q_^IB!!4Z.\4EDJKQ)_+E4_.`-2#C1(Q((H("%!U$(&,JU4O]*G]34'6<8JFB-9=#>Q>L: M\<],,E""K.I&P4J@=M`[S=D*A,+N"$K5_A1L`8UP^X;8$L<5QI+AKL4D@0:S+W02D_A6+EP$9_5OT&P\G8*`4E0=?2/NF?%\D4=/= M/(7I;4=BS(T"CWB,GXUT2,"*0UZ2!@E'#STREZ%H7[@"3#O;2'Y`2T&GP8U8 M89.>/W`K-C^:HQF$6^&`I]"FRLKP$Q+HO`A1%2V2(..9[6%\DP"#@+&)[1!( M_Z291;F*.'[\@E>)?%DN"33M)I!J`W+T! M9;E&#,BD440_D9&R9S0R(\,YCHIKHC;LI@YXF/!Q+#-044Q;J5-;OWO0G".L M)$!R%'_)BA%2"J8D*D`FK_H2UGCV*YMO*W>/)$G68]/$B=SY2R[4"4.`*D7# M`F[`B^=F'3OX;8JV2-@\P@A#//F!CDT,5$I?D">C)3`[S/M(&VCR&WF+,6#+!@\M+W'R%5W@J)R(MJ4"N*,<^??!DY[):45DMGM MI[LTDB+/-I>"EC,P9Z#/^*VJ//U`TZNREXJ\`*1?;FABLLG$K9AR2C'V0Q4K MLGXY6TE`,N'Y:*A=(7+_=B,Z8;QX/NRG\6?#7E#&HOW]I:G42"9O'Q>C>DEP MH5;&LRV?C9[)G1:'TW,5OGKL?%OH/*MK\YB.*8^*LM$RG*FES$DQ)]&>NGE1 M.9F3R]DA"22,]JP(:@-I%SO;*L%J9NY M<<"K(D'.(NV2"0W$EF&Y7"@&EYASD8YZB8Y,B&`M%*-L?2# MJ0R;`BFMF@/G,+FHI61,K0!13=C,!",A>\`%O@4C_O=3O3 MM%#UN=7KC-4_?<9)$@2S5,";LIR'BH0"D#)57%9(_I"5I8X(06S3"\T2^VGM MMMJ(MF<[$DE,T:\[)&^NC1[UV#/XU/K_?-8%:8D9#&O;@8/!?_-GZR+RA4%R014'54,',QO67-(:_RGO$H*C:UK+Z&UB+5(4/X7/VD>H6]NV#7?$(%'4OSQU.^`V_-L%LCL]OO71Q]WCR9`:E66*\=N=)-EZCG)GE"R8@M9TV>(V;,F/K M(I%F*YNG-]F'36)NH<<:2*2]KCD9CBO1*?_QTIIM:U=[:7D'KQ7@[:Y$%B^F MBH>5RF15.:&[@EU'=;D&)5RN$H],CO*5(K^MH!_^$1XYTDJ#W8^, M#W5%3Z4.3_5=-9QMU"K';7\,ZKL[[MG4\^4ZY";*M6VVP"G98:^G2Z/]",_7 MSPZWCI.L>+Y!!:XX`VK:\'RC:;=^VOI[&$1/=52_"`9Z^X1WTR3^J1\S?["& MH^1HX^;VL:^\R[P,.+%]>F:!)ERX]MN/]>/N735=T%"\7=*)7`XUM]L;VGX. M1[$JZ]C"*W;O^C[UJN$-C;;M9;LY6S_]5XG9-H)AK7[?'/<+9J'O`KME6#YK MB+M@AF=Y]%;SX*Z'40/%5SZ2DPO+W:-4SS,_=3`U^X,C#:0_"V)?JX)SRCT$ MOWS.*P+3C,)L`FUU+77\$,WUZ=,^O9=#GYD?;]'\^+-0-#4R#F59']79;HP, M?:$EWU\)^O*?;C5!BTSN@MC3,1!WV8;C9>_NBHOCX.+D+#P9F/UI0:Y::\S$ MMYDJI+1P=+-T<*>4:DQRG0*IH^4*JD:3N[8**TNEVS M-RU1.'*4HSM52GP=&G/WY=#!NN3D>]BJ/7ZHXJ#?;`U.,SDW MAH^'-C+M#36&H/GC1>V2];[=V5[.9D%O/]ZZF[>,Y&TQBX<;8-/HT&6^'#8D M.L#Q7M*B2?_F`3?N$-)"8S5+4K6G73`^:2[JZA'O1W$W6DM7:9Z-WI#X;)2JDIL:%9S MP? MS9]I!?(Q1-L([+\83LW>9'00]MMRW;T#\@;<76[:"C4G+UO=L3GI3LLJNX*R MB=8@>7O3R)/#^&(P-*TBIJO@L-"0[I&*@]JR* MJ%_,$7L)\U)!N\9H8,N<3$KT-KYP!5PQEERSQ.Z;_>'N"Z.#:?*,*LDRK=[6 ME*2K1CKR/OX(_!L:W(O#?N]#QO:=(%'[Q6DII=3PF/%Y_5W3ZA:(DI/$3$\V M%:`QRG,X+C$&Y,BX;+:2;2*]G-&A+>:V%N#LK/[IUOKE(X>[KS9#!2\6IX7L M8R/4FJU8OW`\[6R1QI@-W;$YZ!=$YHZXUU9&U*MOLSG6R\@RQX/C&3`[SO3' MLF#J$,E'K48ZOZUD]L'3P?_>>C%;>#^PA4,YIJHW,_G!WX*;ZIAIMK_$? MCU\8)SZ2>T3^%L5F:/Q2N$Q#9JG;/&4%OH)STW?,1\<6>7P(>K:6CH]$-Q+? MPP9Z;IQ.DX[XO&W;YR5;T6,4LY4=NXY\QXT,@`!66&,]7^C:L1STK.72J!%? MJEN?4Y0SHD,,WYTQFJ0N-C@7T-N^83L.\W"J,Y:HZ'&1'_]U%Z'O= M[K1CZ#EGA!$_8N5&XHDO\;+*[I1&DS^WAIV!G.)N&L\GG9&:Z8X//A_K?PX9 M'C@VRO0>VT#X3^+*![A``'Z36`.*YP3&B6;&#IW;+G9&ZO)78S1$^\98,A2C M8.R,)V3N[%UT6J(4M,0\O3)UJ64^4Z($MK[/%*!FOU#.=-^+NL$!Q2)GO+R1 MF9EE@TB';+.__[OM6W9+/<(YBFH*:=J[S&%*!QQ`OU$]2*U8*][=5BY[VS.:+14L=>P+LH"%7OU*4U!\3*Y_\. MSQ=H[9J#\NED3<9E41[X6(_SZI*K;BR7"&6W`,4-4`'#7D&_Q-9B8]W5)6VT<6NR%5%!OO9P`FOSO>Q%QZ M`]^\S"Y?9.B%Z5X"M1?*Y<*AY3SETY]3DE\XYR,*M-13&A3!$QX1/9OC'I;X M/&SNWO;T[U-2(2Z<34/DJ]`;KCUS/3=^I._:3T,KTR7AF0`'7A"8N<OT/:=I1L!2L*YZ^-4C7QN+/!V M'"8.?H>3.C\S>$6N12N8>`RV@Q1,LSEHW(=,E:7)*"O\'*>72&M+$)D9EL$I M*_QT9/8M#D7A!+L&X@)8(T&0;@A0NR!A@28!S+G+-Q[+@2&.ET1B^@O1J+;B M/?-9:'O>HWP<$SA\-0F$IY^O[1!0Q-?*0+S)MI0!'/$I(K9+;D+"TZ2K\[*> MC4SI\)QY(X)'0DB_$T-I%B*5V$MYWX0-R?DW0/-NG*8%(^85SX$P@:;AH^@1"!#Q#RB$YX0%H5`P39^C8>.3 M.BFN$Z!?QXB`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`M M[3`EBV&RDFP+^>*/(&;&\.6N=`6M^V?]^9USV'7L1J6H<1MK-H0>18,^3"Y, M-\4I`,\<^_,P2H9:A\$\<3AU\3]K_1Y?J'0*3&##]"+9.I3G"%%H2"TE,@\Q M1PX5"=%*%,/_\#@!4%'ZULN.H:/[\-Z+W93;3/S7,-MZL9OV8CQZZ\7:"?4# MX`IW]HKY;.&*(]42D=7OWU,&S.>E[1OBG79)V`^ABP3!162!0#2-=\DJP.]2 M:A7/Q'(==TVT!_08L6^8V6C\,X$-+%PA\?S`3W^Q%LA<>S;/W93YCL`-FI$^ MXS@5C[UX]O[#ZU?1LY=&M$9R1V:9/1I_?'[][OTGXZWO=(SW?DXD4C:9$*5E M]L)SP>:4[+5&P:PE;XK<4W^>R7Y+<^+DIF8ZA1#(G?PR8@.8:.W3H"P_#MU9 M$@?A(^H):EFK-J_A"G`@Z?`#_!-0X:#6(#WB>09;K;W@D0%4#\L`M`"X/`QH MR!79GR*3+4W));TD7A*X?/<:<+F6)"#5&K%_M\_S!'4(2`XX7A!QK2K.(H5C M25=[B,30L!>@GC8_^2&/MF^HPOC#6G=3.`7"`)#O-]=AJ1:5;7?58YDG0!0A M-=XK*J!/+L$:Q550;#(GB3/+T-@R/^+:7TM9EFF>L*-$9`BZ(M=1[%8$9PR&FD]/AP/JC(4'$,*$\XGG%#L.%\0OJL"7F^1MM2#3\Q`0R!E:/=CCH M=R6RWZ)%@O<<'[$95 MK,C.0C1F"!@9[RE>$3G2\AOBW;FAF$U4`J2)V`P%E)1\,9C[P#]^$*XHN3M" M,93PS,EH":)A@1R7Z<:-YAG\,@6/-+/H!DW$BS3&J0#K#`22(O<[YI4[C/:H MGHL,:D[.NT-[3L+M0&&-SFP/[=J.\5:PA9!.+^B=C>>CE\0K:H/42MIA3&39 M"O3R+?-D^)UHVX(C8@XN3(@S8)4HDBN8!KQ/&;@SY@4/QK]8&&1RCW]&J0M: MFI+P`8&-R$!/+^<`4)0C&V*34EYC;BC1IX-O+I`U[BOP/9YEKZ29DD]2+,$; MJ)4X+FPO"@2I@`S-]V_&KNU\'_R8L*8$;#AX9T-Q\:3MK2J6-[7'MO6\G@KS M+6#5R`598!."$%9=LK=!].0-$7X0D9+42V9[\1+8(61";R]8>C*(`"ZPYYK& M(DP]J3HWL^5A?DI4R^ MGZ`@XU^FS8)(2D+R@.7'B>+T%:2KFHF(VIC!S9=&,2?S[)\PVXQM^S0YW0G# M2L@%@;V.\5I#LA296R"7+,O9P^8&G@))0Q`ISV'W9C1`QPI@_V\;$`.FU=`T MK.ETT`&2<3G@XM/\J'DY0-YXX9;(+6AF#]\61I"=K4LD[`BL2&,X2BL7)+$\ M@#=D8+]](D^;[`\7S@YPYH%\\KCY`\)UJYYC1CB)5-`R\D&M2KZR0$*:<*N;;B M98@6G]EW-OT/%F??;VA@<>L]C;$"![QC8>^T*^.2MF4!MQJ/-`4Y1([0:+!3(2EE=QTTK5YIEZ.20/E2_!!>7-^M4-108P5*_'#'_.5CSGC]84)\4C'!E$ M*%-)DG0!^AI\N?/6!TY@QF?[^],BL8'W.NJRU.5[B'$/=`1"*''V];4Y6VF9 MO;A_>P#IPV:/ZDP58$U#V917)&S)1!LB"[+W%W`RXQ,*5PD\ZU, M%?;F!^$1>^O70*`4+R)JS?7?S<"<9X"S-A]RY(U,3-D M*`>Q992.L&,S-X$+-J>K&`T><.^24+1Y$(HZ`=V`9,#MS-P]XN:[=`1BM?\" MT4AS!>^"<-V!?S[@Y<]NX#4M2'B7/(6'S?GJF4WA]8ACA#W3@2Q.W4GDG%#>(R$^U!O;C^],FX_W1EC:V(: M&QBH_7`^Q8'SM>RIG!S)X/#JQ)+!HKJYQY*Y#-+I%<-^L+&+DYN6D(A0'IJC M"Q"YO"6+[X3<"`ET%P]#03>8=L";P.CVLI(,PKN'M1F.B7R#]PF9I6DY"H9+ MGUNUQ\EUV]%ZUV3V2&&PW18R!68C\/)SX:54;?@8SN)PM2&`]#J#Q_4.-<&E MZ7UH^^+R7+\\#' MO!+^`3A&^!-&;^%4\O&PC??=S1B5\$=BV2EL^_T]5^G9?D?"`5OAE0NM)ET) MB:6*@TLS*2]IAR\!8*K5,TW)R/A(<[1>>;;S]>:3`YX$&B@$T`TZGOC`*I@S M3^P+$*FI7B%=(6D[HN^!>B0\OPTL*9!EP+4CR[SN'Y- M[Y6P%58;V(#F2@FA\I0(U+"D753H,E%P$D^&F[S<+]TI-Q`XC?E12(_G>>DQ MKBQ7'3B'==^>-OT2(U9QLOO.9WJ[GRG1]Z;,9TITX:FQ\I\+@CBQI<:ML3P1EA,N^N86Q9$5,3JI'ZE6J1 M&EKR^!.&_9A#8XT2^Y,6CW$6QR\ZRC//HUQ#@'JS544S; MW3T8^T?%SK#;9O&Q\Y+AE.?>;"^B0KU[$Z19S^Q/"BCQB-MKFK%]Z`'5(#B' MO=TCIJX')9F$"?'P!LQD$;D["_4C6V1Z-;", M*K,HT]^FDC:U4UZKDDG+?6`H&;"**B':PG@E/B4K<]-K7O+L.,#?5 MY1GH],Q2%#RZ8'#EJ;=B^A4L,Z?J/DID%AO3[I=UMN#WA"'5_YI/[]O-%&IF ML(!Y\;``%GYM:TLBTAQ4EW3C#\Q.59758HX&[VRUA5754V(LBKU>`SG;LNR& MYQX0+[>1NSXRO!\PM`%RP&\^_.SP)-Y6<=5;W_COQ&?B;AI)A+*GL+\-4(VV MQT](B73A_>>:DA!>/+O]].>SE_3F37?8A$0K9*N0+;%R[QO6B%-RX(O/P=IU MC%ZO^_)7."D6P1FI#/JB-YXXOQJ2LSXO@6D`LRJ+*I(%=YBICKE1V'J%Z@^< M#/`B%]+UC05OPP0R*VW8@ADWO+Z(?][$G"V4;+$H'B01A"N)#'%>VASQQ'R> M;!?XLO4+M@T6ZU&^YQ9`1)T$9OX'O"9'[XM0#":*>=P^\UP:,"7V+Z""C_[9 M^=0Q_GY[^T$'\6F$4.:&7".7Y\N-%2S0D.B(EC2>"876H\(79HB&@9YHFQY4 MI/4%0?FV<+&.@PLX4Z3MQG#P*Y5V+QKP\-IL\5PJ<'D)DQ*MUE"V?@)MCOGY MV&PU&6?G*Q7YOFQPW M=&/W;[\DTE[[U!>^;GU'V,?WI3_C!>F;, MF0,&H@=L=]-_]EMO-`3C'=P(#:J-%0Z!P-H%P;`'?O6!`+R5!1X?>$^9VYCG M"J&N_1S\$?B4/12`7>O?OY4I7MN![DYVHFW2'5F]'5#O`U7M._TBUOKR2=(\ M7^A.2;K;[V[TQ7&_PFZM8:\['@R^2(.)/_H/8M`2*+-V4MHEH4P^5;Q".:0- MK,D/B+$/-I;T_6!D-=VYTW%O.KR(G=8G<\:]T<3Z@5!V#)G3&^]2QY>(L4HR MYT+(JHQY.+(FHTO8:7TRIXQ%?4DH.X;,Z4\OP)BNC+%*,N=2R*J$0SCIC2]A MHQ6IX=9QDA6/5E./VTQ0CL?DRI'*C36:(*7\>!A4598?;'?^UK_C)9;EL&;U M1H,?DN[NZ+*%X"HIBBXA\E$930>Y\8.+D-PG5&]EHH"7B*./#%M$L+F\H2XI MX8?C@74.LQR+/']W(^Q(G81,A:@S&/D]X5>H7ZPO`B6?`UW]_X;! M`-:O^=XWWK!92'<4O3Z_I,AW#YD%=CC'^Y"Y M&S(GQFZ*0&V>3\J=ESR'M.Z9[QSB:/L);VX7A(M"^%CF$HR2&_CY5@/ MWJA/=L2$UT7CSYXI\ED"_D&!=-[>"WLLX+/_L$/L[S=X^K*EH#/3R?%\HGR' MCG$;4<-$D_HR.$5I#GI2T+9R:][UEI)%1%NT-'."-WR8B?/%2RV\U@0&CV0S M694S(EN]I[DC>C9(-H%)ZP)P\FP+TQ#-;+"UI(!E:>/GF)\!*M>T`E'6,7[' M)!?LV+`KA81:RLJ6SD`;/G;BP2[3F4YP*F>&WX92_R8G3NA646^7P)MBJY:[ M!2CDS74W=@MBR<4+<#X5`>^10ZVM$^SL1H)@IFU?V7?1S8AZFM!5MMB82`$H MV'U1#EH!TS6PN]CG;)-`/MT@0_%.FM\$2"%JK\Y2:=\!/9VLUAX$XQ(]"/8K M^B^8\YI_I%K^_;4OP+4O0&W%/RTH#?D#VZ/:8&\5"(QCE/D=\^F].+U@R/=9 M$/T.I;N6?"EZ**5V"V5K"_UW`VK@AJL!38,`"C_Y%?UA0@5W^X-NB"MI&>6D,184K<%1` M/B!5DBX;XYF=F=:OYE$[>4(S>_C@ILV8<*8\[V9O3KD`FZE_OG.Z<#.I:TZL MX=5,TJ]_O`24U0:S7;[==',E@PTRR%SF92JD%[DK(#GA9WZU7(Y.;6>-)S>, M+O-VP[SHQC-C.1`._N^D9UG_<;4A&F]#7*7#7G;)Z40$__%".]V4N!SGZ2[S M+6)'W;9G1`[6C^N33O-OG^-T9<^PDXH7[XZOU.BX`=*`*367*BDZ$_1.0^\OUD?LKGOG3LHM>O_P=%*>VUZUX&- M)L,R0&`!P`8VEK,#`P,34R,#&UL550)``.'SVQ/A\]L3W5X"P`!!"4.```$.0$` M`.U=;6_B.AK]OM+^ARSW,P7:3F=:S>P5;:EVP#8^SSE^>_S8_OSG\RST%I`R1/"71N>DW?`@]DF` M\.1+(V)-P'R$&G_^^Y__^/RO9O.OZ^&]%Q`_FD',/9]"P&'@/2$^]6XH86R, M*/1&+]X0+2#W'LB8/P'Q25R^=WYR=G)Y<=+VIIS/KUJMIZ>G$RJ3LCCEB4]F MS6;\8]>`B<)%-O6KIR>=UV]NXA\F^,H[:YV*_]J=4^_3U=GI5?OT?"$T(G(V#YK)0D;RY17SPRMI'XZ2])V M6G]]OW_PIW`&F@@S#K#_EDL6DY6O:AK+CZ;$KA M^$O#1[_;`N"'T_;'\W-15*?3.5T6],<#%[Q(;=P0S$B(`DG3-0@E^H]%31A-",,0_Y$Z&_F$SJ70FC)E"V3(EO[!?#Z(>N/^W-(%1L[0J(K M^QTAW0`VO0O)TQX0I8I^1T!?_QLA_K)[-$FY,10?A'X4*L+N1<7CZLNB=JGM MM*'@,X]IO=:G/@[7:(7%^G%9:KJ"P`A\5>*#V5'0^@J M$3$2U9N,`1NI+D4,#!,`YK(W[;1@R%GRB6*JV>[$/_NHRET(1@!$,U MO*Q\V3I8Q6XB2H7=?CQ7G[\L-YJN8I373I*@A` M_:1\\>>&3%:[ZSA%BT6SF2JMB02U2?XQ);--\\4_1FPJ3F@`J1CW&U[$1'W( M7/X6"!O>$T23*5??S"DB5`C_2^/T0!SY/HE$"QQ"'Z(%&(7P!^0%E.5DJ2J# M>=7+X-86H1-4]_D4TC=(NAYC/5D]*#5"%=-X6FD:!Q3.`0J^/L\A9K"+`P7- MI*\UR%D/LLL"C?D_JS3_0\@X1;Z8>\@9H``G_R>G3PL0RKE4E]\`2E_$(O,_ M((R@1@N6I=1#%[L`'6ODO-(:V4891Z2'K57PH=HJ((Q_AWQ*@AY>".FKI9:. M]:RT564YDTMC`'L>Y7-6URM?_4H-2@_1B!,NZ[!"3F%Z%P@J!\*)H?@;(<$3 M"M=I6_^Z.BR5XV*SL>4BLUL,G1V&NAX.X!AA8:)[M(#!'078GR(&A[**NDXR M/U/]:"Z!UZYS/1#Y=V^8>I@#/$%B2;BTD%CH:\C/SU0_\DO@M>NT#T1^RB(_ M"/9S5\R9:>M'M3E,N]7/@1@>4#*'E+\,0H"YF-_+N?UD*Q MED.F+WQ_QBF<*C:K(#\MIF\R+L.V1U&9:BF5$I"KLA;75KV''R!=('_=6V:; MW2'"]6SI%O4EX=LM%#L'6BM$5,R#(RJW$>[0L_R+Y;5[;?KJ*&`GY&4L&*R0 M[]E+8-SR[X$8P'!P':%0!N:MTYJ?N+:&]E&!>GD2_KUI,3UXGHL'+[]IP/>R'D>RG!W)9)A3'.46CB,NXET/7:AJD"TDUAC[9P(GSL.\*J`@6264]6/?+W2.2F:HS, MX03_QOWD9L(CUX"A09P8.V_(;$:P0I0;1+26S`4%&$^)#*`YL0?>#0*TK-<` MH*"';\`<<1"F`.H'S^"Y^+]$Y-2ZJ2-'2!W8M-$,J"E,*@L.?/2%DCPDW1.;&M.H0<(`R# MKX!BZ=9;V>H;(Q_IYOC%&6M$>4FP>XX0-O9O7T=,U)YE3]GSDM:`0FMX,6D7 ME6ZV-,M,6VERRZSB=WJX[%#--MX`$..4#<%%V2K- M=4$U,]IR&;1.K/35;,6&>'V&>E%NB=.)17V\9$E-3`OISLM2+\*MD3JQT7T; MP4?2'8^%50"'Q=VZ)GF]J+9"Z<0H;K;&V&IA5B$;('9B07[0,;LJ-/,:B`; M$,8IY(BJ.W_E/C^&P37$X@\N#U0PFRG`3LJNEYSV9Y*2:__/K;4KI_=Z#[7N M9O(T;]H+J4_S+Z1^*]OKC[U4Z0=H53\@?XN"T[2.M32':/PK5=CBN(QU.=5K MU)F,I5ON;C`Z<_&#Z(!RM/N6P$$F"RKOQ`KM#>&=`+\,_(F$^-ZZO6LX)A2F M5BE?GSD%`AS"@+[TA/F851O?XR]63T,%$MG4U'M;QPV?T1*\A%(P%F:DK)XH MWIOC#%^3H9G<4D=\77FA-I)TU5.&*2\YC.:"V_>LP3BH^D9,\8FH,-RDKS![N1R\<5<.HA-M4EXFW1_+6V[5/M?RN@SV0,)`TSCU&=SGN23&JESM ME40=FC;5C>3N,U@*H1-Q=^DK"==N(M1NQ&ISN$]T69!.^.S5K:>]V1P@JOQI M4T`GVME2=N+Z,&R!SPG_N\(S?'4!O^TIR&U&==%H;*`\ODWRUTP"I2$[$2,W MA`N((VTC3[ZN,*?6*Z%<3$[XY,32GJS"SV^ZVO0K)OAX>7%YT3YZUX>=L9S0 M2V(!=1QHQ//%DIVX>DJQXRG+D6J,TXV]%+7/:]LUY&>J'^LE\#K2Q./^,$82 M;^WG;K%LI*X>W26W1\R0%1*K:=:'BV1(O4AN%,AP9A/((`OWEJ57YD'%`13F MEQ&05,9!W<+E_W4N0JLB#A0&(6LG5"U/8@37+S^9C.^\$U,7[(O.J.MSM%`Q M./KX!\,"JM>6RS"\%A>Q#78GW.)#.`1+:D.&NMMYTU MW)CY"7OY$`:O2R85,20QR0]>HXIS0FQ,#$!0YI2&J8-.P:7M,>@03,<<>4?ZIVMV#; M%1QS\R_5Y"^KS7]J397<1V/X\(U!SB/01%DK)*ZL=K7EH;%7#R\$L"UW*1FV)WRH&(KSVC M=03RM=<%5-'%1>.3-M\Q2L3(!H4>]/_YN1UV%=880S48192H::PA]*#0>**>?%E6N M9$J6>33JV:5]]GS.PUA'0\@CBOMCBY:1JZ$2Y1V-?G9E&R>\]!H;OI[`*>N2 MR2B@>@+:DTO&%+L39X33IU_[XQ[F`$_0*,R?X>9GJIX0MB1R4QDE#.!$#&OZ M:+2&^W22(V"Z$*X;3QD?Y`!Q/16QG2V<&!22&^KM3B85Y#H":92Q@!-1@P]3 M0.&UF"8%\A%O`2EOA,A.?`3T6P"WB_\[V+OFY6[XK">[!6"=N#)B?=73P\EC MHTLGBKRJ5L.U2=8C4$%I,Q2Z"RJQY[$)3VTBQ\]-Y2X*3;(>I4`,S;#O$$!S MI_94K&8AZZ7?',SW6&=DJ#'3)<$7AOA5L_VOO49M/3K$^6JLA^UL4!S;5TU= MI'NUU`,4I0:'5/ZCU(F-+1*]5-N1N(GQ[5&3U?=,BH_%ERKK*'54UBZ)IJH= M/;KK*R[KJ0H+X`GM^W)&&L\X5[=3[@G`?8HF"*L/LHZXVV:O,>\[,46B!$,O M9.>PMZ3YPG`V%Z1MI*^Q',IA3_BWCJ@ZW'U::V\JYU^F=6YSF59<\D%NUI_- M*9S*47P17Y.I`FK%HE+\*XP"H82!;.!"F>4?XMKYKQSF$0(MB/V8QOHUKTKT M*WM2U.K+![NWF1N'47*0V^OK_]HQL(<3I]RLWW5TBGK#^4`!P` M8VEK,#`P,34R,#&UL550)``.'SVQ/A\]L3W5X M"P`!!"4.```$.0$``-U;6W/J-A!^[TS_@\MY-N:2Y"1,TC,D.6V9R84!3GO> MS@A;!C5&HI(<2']]5[)Q(-C&W!RE,SR`M;O:;[_5925S^64^":QGS`5A]*I2 MK]8J%J8N\P@=755"82/A$E+Y\NO//UW^8MO?KWMWEL?<<(*IM%R.D<2>-2-R M;-UP)H1/.+:&+U://&-I]9DO9PB>Q/:MDVJS>G%6K5EC*:M9,)\@F5$A$W5'HUD04NO=D(KOLS:D3-8*H("VAN[IC M+I*:R8T0K$P)]B-GJD5UOV,UZ=2Z\"H3+LBXY"W`/^Y;VM25?IOBJ(LAD M&BB,^MF88_^JXI*G&L3BM%'[?'("INKU>B,R]*DO@4*51C>,"A803S&:/!2/ M_M=_0B)?*I;JZUNOLP(I""=,4"QGC#\)E_&I2AQ'23J%[3H1%,3=HF@R(K8@ M0H7J5&,;@PGNAD-L>P1Z5;E?L>*.EJ$D5@B5#H@ZL8R3:N"(#B>]V!Z;(+*E MM^O:Y;B*?10&4U,''ZS)>/)>8>MA+GA*I>JS53FHUR[82=?B^;/:U05B/OA5;UD`` M2L#.W<83<"HQ&;)' M(F1]52C(1EZJ+9.3`>?_0,J/L^;)V7GM_+S9J'^^.&U03TYNZBV3DN*_`=$?0&4G0OZR.?ZI MDJ4RT-B3@50$!G#0]CP2]=]%Q.O0&S0E$@6Y;&S0*967YIZ\;,!B`$,]+,%W M['U%G!(Z$KG49`F7RLG)GIQD@3"`C+;KAI,P4/7%HQQCKM!P/%9KZC/N4"AT M-QRU+@D>B0A_\%2P.U]Q./5>)3U[>Q#LZ MH6PI@O!,(&]JXKDX;L=C\'6?QCC)A1%1=/B,(A-6]F6:NW^&-8!T1$B?#V]SCY9 M6)4VH8HJ1F0FA,,Q4WC;UPZ"^%;TT5_="$%IQRC%KFK[B\CQHK6/IXAKC=SM MX7Z&32B_\LD\)%K31N3Z3//`).Y/"66^/^"("N2F),#VZB:4;+M.OEF8WF$0 MKSL7S2O*O<<\QG8W8T*=M\T`W0:;:<.Q[?T="JDO9@X\! MC!+J88`J""0JYL_$Q5T,T+P>=MDHXNQ/%(19-ZS'[]:$$K78\#]^+$Q+.CU@ MHHW);8O;?#.B#!M&',U_N%6]M MGUPX'.AWV._%!:3.VQY&+JPP''N#,6?A:-S#RGM7OR<&^?X;XSXF\BWYAS!8 M+MT[':D=`J9IT\$M>28>IIZX06*<,:;?R)3+U%ZG7&\\?X?1E7B@=G<#U@^' M@G@$<7UPCNA+[DC:K%PN%SL=5&T+R;01DG*9^H#EHS]`\_801CD4>MFGBYLU MRV5PI].IK?"81A]X&+EZQT36IN6-C`DOEVV1=2MW;:M(3",CZ^V$6Q5H[%UC M"E]D-T`4MM#R&T43=1?Q+_9^A\@I2&T.Y2\=+>^X%V')X/:X79IPX;-CJAPW M,!\E\]H1JOBT?1T[(.HJ*/&!RPT3,CYN@4AT=+-&3MQN]&JODM@Q)8_LBPEW M6@?.U2-'S+0DSHG>]EL0,^[%=DR(7%P?B+8]WEG8VZH)]V6'I__#OK:0!>B` MK[DA/FTEG]"Z?Z/WSR)W'X\1]02P,$%`````@`ZGMW0,$& MY(4P,@``2?0"`!X`'`!C:6LP,#`Q-3(P-S0T+3(P,3$Q,C,Q7VQA8BYX;6Q5 M5`D``X?/;$^'SVQ/=7@+``$$)0X```0Y`0``Y7U[;]Q(DN?_!]QWR/,UL#)0 MLB6WNWNZ;V87LF3U"BNW!$D]LX?&8D] MP(!551'!^"4C(B-?D7_^MY=MC)YPED=I\I;//CX,\ MC*(W__:O__V__?E_'!__YZ>[:[1*P_T6)P4*,QP4>(6>H^(1G6=IGJ^C#*/E M*[J+GG"![M-U\1R0;TKYZ..[[]_]_..[$_18%+M?WK]_?GY^EU'2O*1\%Z;; MX^/R89^"G`@G;.RI']Z=UK^: M\`L!LHZ,E'&4?%V2IR'2&$G^ES>">B_++'Z79AO">/+]^XKP#:?\Y26/6M3/ MWU>TI^__\\OU??B(M\%QE.1%D(0-%Q4CXSO]^>>?W[-?"6D>_9(S_NLT#`KV M>HQZ(24%_71(V8`K\4KSO\ES=Y MM-W%5''VW6.&UW(MXBQ[3_G?)WA#7PU]PL_T":<_TB?\S_+KZV")XS>(4OY^ M=Z4$]'-+5LGT?C8M'](BB'NI*G+VTY?)7@?YDCV`..`F"';4:D_?X[C(Z3=4 M8GY,OSH^.2U?(5']^3PE-K8KNCIWQ#&58ZKF>Y%OQA8F`0'W:V&!L]27`;DF M>K4TQB\%3E9X5>E,A6@\B#<)]3PFE(I-PY;`F+IAFK7;((R^GA!G_^'#R4\? M/[)W;C8?9QT7ZS6%8++_^^SUYO9@J^1`LFSA6MH2*:%YGTJM* M'49.,8E3R`Q&]_B.4=1$Z`]&YL.[)WT$OB)_YB9@`B&P#714EMI!305G"PB-@#)-V?YWWE*O7HBS[\ M;;;7*W^P.O)3FKG>Y1EYXHH^]3(.-A*]#WZ?_VU*%:Q>9^O'6=^GY,F=%UK3 M($HTMW?>XBQ*2?JQNB"Q0F.1!W1P_BI5^-!Q6T0@'BS10.W*G)CD<2M$R>>V M@L088.R!&Z6= M1;1HH6U"HKC<*@1"0+OH:&&TC#);XJ(#!25-'. MW".DVVV:W!=I^/7^,2#-<+,OZ+(K79TK<2GHH2S(`:!N1@AC` M?K2:J$R',AU_I5RH8D.<;^9`Q'O".[Q+LX*8+)WYE@Y;]>1@P4>K_D'8D=)" M!!R-(LI04V8L-1/B7/-:RU_3>)\40<:[6;69=.B@[$.A<-LP#H@`+$*J@
PZ`.$WR-(Y6;*/JIR"F M&T!)0HMQD7NQ(^8LSXDJ!D,[)((Q*;FJHO&T*68W$]GCNVNKC&CJG5Z%L#]R MJ*YPQGD>Y(]GR8K^]_D?^^@IB(D/YF?%>9!EKR15^VL0[U6[N"QY84S9"9AH MX5:,LQN^@U;=`$F8$!G5(_:'P+Y`08$J"8B)F,15=M6RN,Y=AB"D\Y_I&KWB MH#,$'1$`Z:.R8BH(G_`F2A+Z'J8$8@Q:0^UL&JV%S?Z@WK%`[-P!7+B^PZ0W MB4*2Z0P)W,Y28$)X3[!B,'<4,7M8[Z5?QX0;*4ACS>4T#$Q<&1UH*`DV,^;T M89CNB=IW.,0$PC+&O^&B;&!5.JAE` MXI6!]\DWQ2/.&NU49QZZ9#`^KU)7]/-#FME]6ZY`QS@8F6`9G8'T//[KI&VF MUG8^F[W-\"Z(5I]?=CC),>F.F6Y\,D+?C5EQPEBV`RC1V"W89K=_:YTZ1E9R MHI*5Y8+<\#@W<%;%%UP\IJNKY(D,#^D:DBH%4]`"35#K%&]-2,L(YY^` M5FLA69'+"\2)D4`--*/IH/@]#O=95$1E[Z+1?U8H9(U>UCM;,W,!Y"NV2HE208XZP(Q9F9W-3L;Z8(O9$Z%KH]/ M69>!N2:/(KI^VD&:<%Y''*F5/>S#V+#'->R43)[U6RTH5CT6X_"GKQ+4<>VE&.L"_4HK M$WK61^E0D?[K.V7S%`>J_O2$LT+HD M;R8$U6X\:HJI]-:KY)Z[HK8?MV&'3$/MX7434S,O<*IJJZ"R)RP[PC.Q(T17 M]$24-`C/E-!^D["4W>)(V/SI(.E6]2+;A]0\KQ(":$/:2]M%:CF@)BZ-(-K3 METIR@$E,@R[2PP45!S6ABF?*SO()9\O4-*GI"N3W9$4ZQE#@\W`XJ/,$$Y-G MPT&E/^@Y_!D.ZHS),!R83@FRVHD^)L_^0 MW@;AW(;9?VAO][XD4Q0+M)'!F743['Z[C^FYNPN\RW`8L;R;_!UC=FXO69UM MZ8GO?[+OE2V@6HL>33S8YMI1F^=@(^XHLB$V[8ZHN&RW:"4>B?(7J'X"#>($&+9[4/P9P-7*]-ASXN'@;0@O,?8? ML-F\)^EP+>E"F7LK]V\D&/*-NU;U2&3DD!N\U>IW]WIW:8&V?:L44>X`;QC` MM_XY(A!/,<"9^J]INGJ.8A6FYF<84SY43S3=ZK?93;7]X,Z+K7Z&RPLL%?2I MI[=6V9.^&](&C-VQ=6,"#XEHB?9UE$0%OHZ>\.HR(^_S,`(@/IR0#82:.5=+X\73QTT=:2N/CCXOO?_@!N);&5&\1O`<5SE$W`P]% M(RAH`2MKJ!3OE-H@/4V+#6_P&M,?E^A\#'(-JU=PH%T MG#J/]X[1^`,\U7J/LZ#G_7[)8!T@LJ"'W,6L`=#=MBPA!MZGK-3(8"45,=`^ M9"_5MMQG;*\[WUBL"R9SS^]JI_%@YV[5,[5`\[).%9EG6H/6*<:M#=K.KJ-@ M&<6L1L)9LF+7!SVF\8ITV72!I'@UK"O8L\/8JBL\T9IM>6>W=S?%NILU&O9Z M=:X8?.G8`!-,D\T#SK87>%FP2J*[B/H5#G)\LXRC#>M5#56+'&4`&6,?H"V+ M=!$POUFZ:]>U32+CF`P8MHA*J:LGH2]!459R@1FBC(&MPL)N3>)S$'$-=T4$ MPW12\[PV\&F(JO#H;?!*BS7:%?<])(8MZRM775;0MTT)5LI7IH:Z(FQ)[4GQ M7C?==YP:M@SOL.8&]]"+Z"E:X61EYZ)*:A@?-2@O.JF"='8OU>K1G7BKJ%6V M/N.QVWU>I%LRJ%\]T=5UF@1?X!V]7X$ZA-ZJ2`9$!5TQK-C%0805U5I>"U7R'6><$0F1.%L1HG6:(D9?EV0LB!'$I_'OXH><(0(D+TF,+`;N9 MNZ!,T'L_N%;6W:^)"7(WB`E*=UN(B@-H?XA>'=5R;FE7_O2W`\`$)9BX8?-B M^5F6^>%P=*_+-E*V/I1EXP`W<[H":E@'2 M[*T/>C7K-]=>F)+5DM2@]2R_UX#[+_YZNNIKM#O?US\M%SZAEU#V^"$]6Z^) M!Y.QN'&[M9H<:!'%H'YK%45!._\RBE:1[CK*'J,B137#Y-NO+WA\_7-/1U'=ZY]F+%R"4YR7M2%)?FW*>GN5:AAX MYD\YK!12GYTB?'Y%G:&`(CZ)[\-LMXN3Z!@`9[FM'4--#3.[[6([/#9[Y04] M,32;B#7S@/-TK..^!?"^KUQ@$-;?C"ZM9P%<&3;`Z*P%*^AA5G^URBB70=M+ MN]#>W0/(5=VMP6^Z=.G7O.K2K'LS/SHRE^@Y:^_EL'9E5)PO7]&."YDZKCEO M\]EN(WX]-)T'3A.Z@P(G(5%*`5G+`76;CQ%$^S8?)3G`;3X&722W^=0<;+S= MXEE`W4\^*@HX=W`^"^S?Z5^W\[X>G?!U/M,K,OQ+>:(7G15%%BWW!4T!%$5)G<-`'E&^S,P5C>9`AMPUGJ' MBX!N`OH<9+2!\]9E=>LHC%1S;#:,,''/'I(8]\Q75OH&>MZSH9)4R`G_Y5P6\CJ91B^UU(U[7+ M\"/=*/J$^1K_=9K3,O\WZX?@1;U_P$T*^#79+F`5MV';B("\]-I>/ZW_\6U0 M+3G5[I4C*NHMN\J!5HPD\KRXP!H"N$_]"WA3>-+]C-\.O/YZV&J'F(@`OT8: MYCU/?R?$IWU.>M&\7(L]:`<]*>1-$'*UNY=`M.F`[W^0*=.QEHJ(739;O':. MU4W6P0W15;Y(/VT0&MZV/FVOL=XNX<]V&KMM-!YLGQF^;08NZ[)&XT%:Y(6N M/78@:?>I7N^W:4X[Y>9",U]L_!(E:48TN$K(J\2Y M:C*T2P83%U7JBE'QD&;VF"A7H%]$I/N[TZ0@SXSI`*02"1 M##`ML1[`B$IJH%'C+"\(>%:SV^V046R\ISYRRV\X$9$\I&TP]TH9@\@Y.[85GB*I8>\6$!]E[>80EB+8W1!." M<"LQ,?A-@*]WRO#<-(>I'5JAQ>6/?TO`F)Q<8/'"TSOZ6!N9P.E+&:$1(?DT MA38A2$\FR88B;,?P5&V9(&5V',?55IS@Q7A<1M06;)`E>QR'FNW:,1X.I`=# M\V<(+4"Q'#]K.<"]QF;DK"&']!++86;;.SP9,/>&X=]0N0-%.TY64GOB">H1 MLH(4W@.T(S*9]7M5XLT"0YD)5E;O234W%\7OIU/)>>I!S^))R#1,.NCHX8.G>5`GCZ!>3#9,@<:G>89I\'DRQ=`?G(>3"[SZ M`1O7;U-#]#5N@\=_`ZAV)SY84F*+_PQ5VTRK7&E^)!9/ MJZ:Y@)E5&X+GD'5[?7[9X23'N2'2:NB!;J,]J_I%""*23>4D&4^?26:. M=P%Q&AR_(O+T]!FLV/RXKVR.$F;G>S*LV>*L24@/P)G)(4N9J=7OEC/KT@*7 M-%,IU+63DA"E-254:3-WG1M*R!)G0]IZ6@=,LUU*@Y>M!\KH05U0#4#B@UUB M:"=4:22)UB6E#V[80VM/''%0>\/EPA=XE^$P8FJ0WMWB,)N6`R8;M@`AIL,: M\MGS8:,N'?L1.5AR)?+P+\(PP^P32<+8X2YT1SYG;)X.IJNP@)1R_@H"&C6ZQZ:99S?4J"0'.@CNKGK4J!Y.J;JQI/<8K>Z'GS9Q M_J8.\W5W4,Z\Z5K!CA_0FUT`=AS6%J7Q:%JEU:6ZQ,&$4 M*8&MN*NTU(X;,CA+/M1!8\NM>T"`#=I!;:YOJ3V<19.!5-K6OO0RPSJW!1^, MM5L#$FW?R#2[)UAJ)*OIG'9 M%OIA@XH8:O.=3O7VWCL9)<#6.[4:'4NIB*=)YG_FVB9X0W?VZ2R]G](8<@3B MH0:8!/1["HI@R)JES#P`248UI!::6;6H[Y,T\+=13=DK;+!=IZUA]- MQ"@7*,%`5]M.]2;`W=W5T[USU76T)P)]-/N$*@<^<.`&9^^@*'?Y> M$O,Z3Q.BWYZHV&P+^(37:5;>%/H0O.#\\PL9':39*DJ"[/6*[O]SNAEETB=" M'J&9M!&[QW`F>1S049X)L4@R3V&*"M$7B9K'BB>"ENS!E:^R1R]0Z^&(/7TQ MZT4L%FDX;(M>JEN4/Y@W)73((TJ4T?<33O`ZTH91<5."XC:M9Y1]'S"V3(U5=BST31FFD;0 MJU*X:'**`5!%MC((4-DKVMY#:8[.(S-^>WS390<(#@>K]-A70=-8KWI#-C M"RH741Z25[3/C&4O>DN#B0`#P8NQHJ>HV:/*(#TEA18)-SN74_*C2C[:X0Q5 M1<'H@ZS\`(FWE?X"$[7&;2$RW$*7:;8-4+>MRC@Q99.->E+YH"4.&XJ.+"G2 M@W;M*0/R1+,CT.XI9TL!P">?G;34^/ZJM&R$M[JR M.R(RF(-#GJD>!K.)4;*(Q%$>=^/7I+'F;SC:/-(+%I]P%FP.@W"G<*-5[.DM M$S(6#6R(;FSJ*1`X5@W2NF/QE304<'%HV0EFW2J?X,%LHC8HQ4D2E.Y%,5Y$ MNW';@48_]CMZ/K0*B0T<=TW%B\K6%]%3M,+)JH[Y%SB,R7\6]P%H6,$K71MA M*2I>*_D@*U\;E#*4'5Y5W(LFOR+?EB+`:RD[@POR1U0SH8JZE7*(1:7AO*PN MW'NSIDI?QNFS:1Y$SP+C538P1&_2T<_N169E7(HO,]MC,KPHODP&]%0CTA%1 M;UA]>OT]IY>.UX<$S\*"^$D1&:??^@@"FWOO"?E@@MY1"L0L?B\5I1/+S&XK M46CYBHZH-!0E;X7CT8U$^'-^8X%GP-?,8=FVR68_4A MOI*?Z9E26="JE"!TW3&A=N'-^BHIB*;1,L:LYI.R3J"!":CO MMH+2ZH6U'//WIQ;J=`.Z6#\T7:.&C1#04'V_?R.=;=#3$8NJ`S!"DP[:="R`.01%OI(.D3. M)1PN].6TTT!`528M.^(W5SXRV1L!SUVJK5!X=9YNJ7*Z,8"*&&CB6ZMZ:\I; M2CG_9+=&C8[Y,.+C):5&(CF,#SNI_OD?^ZAX+74/!7K8:D*C-/\<5_>TDXGK M-$ANLF@3)>P+>K60_B(1&W;(G2_V\+J;7,R\P/M9;!4T9K@Q845IPTL-J*1/9'&EU1".77ESRYY1??I50.;)DTCR'85DL;QY;`1QM$H0R3G.H" M\_^%U9?S8!<1WZHXGU+]\MRG-3G M*G#91.#Z!Y(9H('VYC3].-]G]&RZ=O73CM67T*&&9>B[.WP>A`Z54M;]-4LQ M2P&3K(\.B1W6Z"H6=!0E`CJ6ZZ.P1!<`KOZ.\>8L`8U[[S%/?JX2H1RD=@)& MS@!Z\[$&@N3J8PDU]-W'2I5TN>KD*VWF><9^BHL%54&O0!Z]V7T8!]P&K[T& M`36?+]VX`I!=^E\R>="!2S5R3OQ+;G]Z;CM8;31U.KR;`LWP--_R%Q`$M9KU&\H(8GR)(SU1=M+^ M6`T-TOEN<9+SV^-OT[S()+?CVCNBE2Q?G-(!N-Y!+01YX*S66MHZ;BF03:NW M10IW/WOCQ?WA=U+F*O/G&E[P!Z)6#9QCV1V,53>DBP/FPMT*>3SJ.!/ZR^$-5H??#?V^"U/,U]%OYC'[%JAR3`%*^W!`2]$I9N M,]]1$D4[N0@`NMG%&6+KYA=K[OEOAG%4K5N\K11`#]"7(E`E8X&8E`5+!6M! M4!.9PZ$2I1Y)EIO3/<2[&N..LC.(>!J(MN'FFP=HO.-G?F,%'Z9T,'_:YU&" M<_*62/?"BW&5OZ@J#;J)\"3`6L#4AE@-/WR0-2IG9;F-E`6K#).6==4J4=X$ MVAYPRTA$,5U&2YP11G85-OV"#6>"4@#]XKL/'TZ9V]*J[#0K"LO]J?6>_(7A]LN&^AMFPZJNTC+K_\#;&JPU>7>!=2EK[,LWN]ED0_UZ4 MZY_W.'N*0OQK1K)R_;Y$-T&0^Q7[0.[N8W21`KR_T5W5KKUR$6C%9=!2\2BC M4M"^$H-R+@=MF""HL]P@#CM"]-9;M@2"2V-RA:\B& MBMA3@'<.X9#Q;*ZW[Q30QSWE0D;Y=SC:+O>D0:A+\!-]>'5)8D'/&-=;)NA9 MF6$-(3E.TT\@](F;(5K+5V8S45QYX)/8/QLQ>AGV)FB#ECATUVH#;Z/?S+8P M>A`<=^:11/W;+`TQ7N44/]O2+-FK8)B.L)8".ROI"%8V1VDI`FS&TDD_]301 M[;Z/*D',D-^6^_%EFVZ@YS*'@;Z!JX$T(0`?M_(-WC+E_]:]85OV/-ZJ-]X6 M/:\VU;HA9P[.LPUY"GR741(DX0@;:K6"O/)*"\@6WJF1XHN7&E5T]=9: MX#>PH=8=_.&&VG6-U@?_%?O_JSS?$]7PS?H>)U&:7:?)Y@%GVPN\5&ZGM68' M2L$=X;5R;TO>^9-N)\5D=R`W^36J!/`ZO,GFF'C&%E%VH-QT3'"1`"ZNP:TF M`V=<1Y_GS<%O,!)PWN%=.=RX65_3?5$WZ_,,KY27B%CRPL<3(S!5,%$R@D82 M@U8&8SQJV(D]OD5,`MOYQF3`QY)A\,1`DN&G-'YBFQN9`+0.0CK-]@H?4R9] MA_!1I<9&@UP5_F1W'UAQP$X*:D#()@`EY&"3?4I=U!-[Q(@H3]-G35#AWWT" MSQD(Q4&SAR8>2,OYSSN+-Q6*^1Q;#%ML5E$SXE#0PCBS5G'1C:6$LSNP1@O) M&KO0%Y23\../"NQ]UD5W-N3>!=&*[CO][>'S]F]()0O$+/4?&( MB)QZMSZZ)T_(`*]3@D0(X^OW.-QG=">(E;>WJ.']7:*\RN,%4E"?[^AA\/J2 MWAN_-^O?)!P)RMFPFOS'0;#1,;V.!ZB[[O\B'*#`^+'-L-Z[H;S3\-V?(;OK M$*_MT9,.R_LYM=4X5?"%F8??+FX]&128F;MSL:H8_>)LO2;JD9>K'&_;AGF?UK\Y2&T6@+4)=K#`!Y50]XB?8N6:9:ES\3=2G!" MWLQ.-'LQLQ71Y<9DE7^)DC0CH>`J(2$(YZ9Z-EI.\)DN$RC%C)>*#7+F2Z^3 M]@0DO8&-6G`:QS3F5YP^3(,YHJHNY6I5F:00DS;$:!J(/6;(Y@8(E(B7:XBE M^M>T4*:Y;JZ3!`^2=3N0RO1=SPZ;T-OH9DKQZZ7@RHB9F.EJX/9,^WM!KSY_9X8^UX&VI]WT5K MVOY^M*_0B=6E;3;3SK,-QP>D\T4?5ADM6='_:&FIIR"F0?069U&Z.JS[KV@P M-Q$P$:@/3#$&N?#/'H7^O0;S'AD-$CC)\"BH&H.:HHA#@25C1:N<2 M5P*:^7!)B(D"/RDT%N!?@'VOK$[*UE6:LH0ZT"H.0+_2@^AXD9P)RUHZX-1OFGS4UBP^P MCR`/M$AD_P:0U(IT%P9=,K*OQEI+7I:R%G95L,%*2$X"_E,-OI16+T-0\'PJ M4)`(6F!QD@9HXIC5VX?K].^)@_#K]];W11I^?4SC%6DXFL,4KX9$VY(7)A%P M`B:F!%:,LR<'#EIUTX0TR=,X6K$-X;6@'-VL$>?79,\`ELAU.D^WNS1A2?1+ MI)J^-O``6YX.B-3B9`QPEJ;6IF-A-<^BLJB&C1@7800TK`,<%^DVB%0C&@4M MC"%I%1<-2$HXN^%HM.@8S*&5H#\X.=#H?1+51QVD5,D)?_H7O"7YA3:OD3-` M#C-T$+KC"!DU\$!!K5+'2.K35IC10F7W?32N4@)./;-#3J[^C--IZ7:;)BQ9 MD[JKA@YHZDRE<&O"[)!H_FDRN0:2K)?2(48(9,V3J#R?!9^M5FS>+HAO@VAU ME90C8JTU&WA@+-L*B&CE6H;9+=Y"F^Z=0C4/HDSH*JFG8&!]800PQQ9@YMQZ M79#L#Z\^!UE"CY5HW4-%#+6A6J=Z>^^TC!)@F[1:#=D%`8P85=3`EN^D_%E( MLM)]S*9L+O`Z"J/"`UN_#3*2*6LMO$T"=>BHJV;[=%'S.\`QHL.'2S:`9VQ@ M"6JN%GJR4E#H>K]-C,MUMD?)#<\`>,AX0==/V1!D@>A9F^=/3O4*J<;O/:"IQTOP-JGBV*295!) MTDLE+%`I`PE"8)*6H1`)X3$%(A;/^'X_:0K35?_^D0Q4:[HW%Y-1\_MG.' MPW23,"GLW(!R*GWJQT(MU\S3G.T5GVF?";!H-`<@R5)-_5A:*>=P&2JJ5VX6 M/&(=L\DQ^,ZLL;Y#3^S7]1[8ZUX`4>/ML`Z0T<3(\RXT4XK>3*' M.#/BW*4I+OC9Q@4B(C@!4`&'(?#N,"V>%M)US#(5CYB@1?LC*AZS=+_A\SAX MNXO35XQ1SMIF5QVLV!')[`#%QY/3HZ]OT38HPD=VN*)5M))2<,YTQ[_!+S@+ MH[S?0;))79EGPSU]N%?CB8>)#F,WCQ@_QI(]>X095W';9>8% MJI[#9U,N#@N;JM;9RZ?!!*N)VVJ6*J_6\]OE5F$6TNYP=?[]@8?2)O*R`'Z9 M9FL<&4ZC]Q,(.><]I`FZL]]]I`'/@_=76;6CO.R8LUI8W3EG0F?..MAU*1!J M;V,)@!\Z/6"5']2#JW^Y#>[Y=YM(J"C)W6#9)7;2PU,T,F.K;0NDF- MB1,X@;%33VU=]:6&>Q6 M'=`3N+L,/^(DCYXP427=XM]P<;-^"%Y,)21M.,%.Z=J".CBW:V*#.,EKIY,L ML6TX$6=%1]=IGK^EDZOLN\UY`5^JK8\XVU6'IGHMBQIKUO2;EFY$>4\S8N[NH6N MV,^L7:/PEHI-$TK1,SQ.K(M?<7.6AK<)J),JXDVDG0&E_`(>I,T'1;7HE01, MM%"(])8\)<-%E+$*=K*`S;2N]XE1K5"C.-UOQHA*W>LG4#HQ&_4KP$.\+/&9 MM%'VG9[`I@_XZ2=/X[\FJWA$Z1--3[7#H,M.X(>3RSD#I#AS='=&])?)O"ND:&*]UEH.)QCDLPJ M06V$G;8Y[%:KP)>IO@D+\6_%B2W,"9.MY11M=9=5>\;[8(W/?=:7M._G]1HK M=]-XIZ5?JU3`+\MF_0I(16]6MD#Q?WMK7@0`X@C\6O/RZS4.6PWS=%5%GBSOHR2(`FC(&YNHS/LR!Q)-E#D'[-A6O%Z#,'S1]GQ MM.[&1D&V%]<:#@)[$>4AB03[##_@E^(34?/K%&TJ?,-H]#?]`'(O9$H'W7``TWZ73:'8[Y28O' M:$<++E^FV9;D,6QS@J)#[2,`>)J+$"4MSI7-*PG'\6?S'WQ0%F^>IFA5QTDR&/?LP_WWYX;#L'&Y50G MJ;SHWB<'+H0BP"K#89CNDX(M`\91&&'3F%G'`%39UPBA59-723U_-5V#*MTJ M<-$FB=91&!`?:9A1Q>W%T%30L8O/-."T908J2>@$K562T(IS_I*$#FJY&R/X MP&Q*>(`.AC1YV5KVT<,.G8[W8Q6QP)8EH/[C).GX7H;$IW;;F!D@\W<*T$Q(YU M_B3$1:]N(M)P9Z]([+U)=\V*&U)YWF7&%5`1O*"\*2#;LP,=V'&$USJ)8\D[ M_Q$;)\7DE38I_P*)$EHV"Q_Q!X)T=T@=]"PPOF8#0_0O M'?WL/F56IF-BS8:.JX00[OG@S(>@+@-CBN0&'G],2ANSM0Q>&)4I<%$>?K.5 M9P&Y%QB9B_AVZ;@I$3 M;*><;9D]L4*'Z6?5G?:>34-/`!/R$HQ*[YOU>>O:5#8%3D^7Y,W%JK?!J\T1 MBJ%"H:[9&*,IVO=R#)$(<)''<'45EQ2RLTT^="[6&#^)&$U=SF"IGEN\OC%Z MF;Q( M8A`4R%V'8L]PEJSNZA/MUJ'520)K+.>G6L<.J&@/KT]G> M*5W5!S^BMTTM!H?ST/W%P=CS4/BB5-;NE#U-4:?:F,B>>'4J>J!4LG1^T MG]I&!9^M2,C@A>W:QPG=LN_24[G(`.NKW($>]%;V`B#Z*U?MI#<5ES*8R;:D M>-$_6:$T;B9R%.*QO>HW%CE)\--BC9N,!),-.B;K50\S.MZ.B\+Y93GW=1MD MQ>M#1KH\$B;HL5U#QV%F@_$]6SBBMYEX9O2X)?]609^!W9OK-*Q)H#<0+V*]U,BA?._APP'1/=7ME[Q!6^7.%/@EU+" M^)-&:=%O)&2S^X=2AVX1^9(2\:6C/S@QD+&/KO:L%3WVVSWS-%7)4JV=._"# MU?MP`WA0_L..&:(:B(MFW/+A_P%02P,$%`````@`ZGMW0)E4`*[$&P``1N$!`!X`'`!C:6LP,#`Q-3(P M-S0T+3(P,3$Q,C,Q7W!R92YX;6Q55`D``X?/;$^'SVQ/=7@+``$$)0X```0Y M`0``[5U+<^,XDKYOQ/X'KN>P,P>7G_5P1==.V%:YQS&NLD)V=\^>.B@2DK!- M$1J0]*-__0(@*5$2`0(D84!0Q4Q$N6T@B"3R#U'M`D??;);PKZWOF[LW<7']X=>[,T77P^ M.GI^?GZ':=.D:/DN0//#P^)C5WY"B)-N[*NG[TZ6?[DN/HSBS][9T2GY__') MJ??I\]GIY^-S[_+;LN$WPL@$-K:,8/S'F'S-(\*(DR\'E>&]C''T#N$IZ7A\ M=E0V/,A;?GY)X%KKY[.R[E$R=?U.+BXNCMA? M2=,$?DY8_SL4^"E33^.X/&X+^E^'9;-#^JO#D]/#LY-W+TEX0&3@>3]A%($1 MF'AL`)_3UP7X_FV$P^7(0P#^."8/O3X\_GI\34BGK;3Q!>,[8./#HAWX9W:[Q$V5SE,0@?4;XCR1`>$&A<$1; M'LD1/>J-B8>4@(M^Z!K%"8I@2+%VY4=4A0\S0-"JS((,R;=D8$CF6IS.0`H# M/]+`S09]S:PM?YG<3^X7`#-$]*0D'NTW9.G:3V8W$7K6P%&%M`F&-,!0YCMO MR.K7?V?$4/7/6DGWS5G1K++:C_3'Y``F0822#(-[//5C^&?+%8E#1L=`1R#* M;4C.IB\1O,Y3-DT(I\GNQZZ M4(&XX_(GI*IM$P)"LB]+7Q\QD:4?M#MCR9`L&%@00THM*_WM'1EO,6I*IE_/ M055"X"4%<0C"Y6]A2C]')'1Q[!UZ):'JCX2HEU/UJF09$X2-"`5K7XBH-P=A M:26L_>EW$2>78X)K(L62=.2/0;1!6Y+`D=+H"V4PAU,"@G=3]'04`DA];2?T M!\;0X?%)X6[Z"_G5,PF,%H"8,)1O-VDBR&@R390I@L85\. M3@Z\+" M*;74&TJF12S*PD`[N)O*G-2I9^[M#.FGFJU#*J0&EE`P-`8:( M\!0.B-$4S)>U=@XI29Z_0EEG!I5U0Q8Y/_I?X.,;\IM$H*Z-E@XJ3(;#0F7G MQE66HTM.:96VSJJMB<="<>\-*"[G:`2FD#(2I]_]>9U=K&OFD+JDV2LT]<&8 MIJX)9YBZ%4+P\D_PRE751COG="7#7Z&LCP:4=9UAO&:U^5L.7E.'5*;$8J&U M3\:FV`V,`+XFPYLBS)]@:ZTCS5N2WNY. M9$(6I6Y.3H[ISB-"E_LPG# MXM>_+X=V/UE>?P]1`@5W*FI=V\^F]DQ=)@D19\/PUQM9,[O:*(;.*P6VN/)>+BLL&XR$EIA6PEF:T3,-,Z`TP^8>&/3SY$;L33J]]C%_)4OVK M'V6;9W>EOM9A0D*WVX!HSZH&G"PP1)C8?G9'80(T(T"$!P-B?+O`1Y&*&T#J M@VGN;>(.0ZH(PDQ&(`!$%N,(?`=I<6[@K3V"+FZ`19E#[M7E#B.#15RM)+!Y M(.,UZ=ZP[# M1088#D)`6MG;U[:*RD:I']FB[&N4I-]`.D/A;?Q$]E-%C'G]&:6NK1O*EV>- M>QV\PS-^B-$"X/25!F8SOQG90R^H",@6J<%I(=/5#8BTYI1[%6T$,=+!S7=^ M'!(VKS(B1G*$VC0*XL;6J;RU]E9`:,&QBPX+KB39EDG53+!.+J*E`^(SL M68:X`A4A1MS)9="TX%RKD^2]L0N5;)ZQ%[(#0/@((-,G^3D"3+'D*#"GX5AY MZA&NU/B7+[V0=QF)6F6T;SZ=%KX(:0!:Q>C20;P M"88@#N4@PFGM.D94V.[I'!IMXN/<4%1`EJ1H3K;>X1-]SDS%.0`+NE8WK$[- M'5U'34L)V'5R[0=%7^>+"+V",CER1=!B$#7V=36X988'1^FM, M?@^;\='+_:4BZ[V%Z-ED192#\B3%[B!>%#GGE\788;@,RZ$S88CR#->TM`X@ MBAJM.3)+,NEB[%VEVH\P7?E&,_=`(,6AUM@Z0RZ0RS"$.1M#'Y+=>.'0KLB# M=V!I[.@>2EKR[%BXW0BD/O4C?O5Q3'/AK25KF,``\K8=S1W=@TQ+GK4ZS@Q= M.5989SXB,FT(-S/JL7X"N1_@#B7T\>3]Y-%_X3M*5*BXAZ@^!*#5Z:9LEJ1? M'EYE"9E+22&W#8"(FKJ#`F4N772;;4M/^J#K#A(4>=3J*C.4I>`;C-D`;F," M3Y#P]AV;S=S#@!2'=F6FUF4)R`H8931'\Y#F!R,J3%,,QUE*W\0$NI/1G%* M&"%#F3;@IA_B[J%-HUSZRJYDDT._R879?-]3V\TZ7.F+MI3GGU\$MU<`&:W] M.62:F($4!JO,&XV%0-_+%P+U_KKVB;_]*`S:UPDXBM`S%?0-P@.4C=-)%FU7 M*FMX(J1"PSH;T;JL:&>N':DZ*L@Z57$,5).C\0HF2S MDZ/HD&)3@Y_?%E3<)DFFA(B\@]-H$+"HP25O"Q+NLS0ARRSU#RC`H=++:4PT M\:G!@6\XU$1QCR'1TQF`M.55PZMUPR"1W%H(>K@("I5-19^.?BO`(-Q1<%J[ M"X+FO42?-0JL`$#S1D+4Q5TH2&XA>HUZ-^,(7_XRN9_<+P!>3U/0X`0GC(B< MX"O:WOW$JU`W4JF!QO$L1]3@\>:V-A,>^`3BC/M8I?RS=;.Q0>3K07T"'AQQ M-!?XCZ=?7Q8@3D#2@$%N^UU6M!I3CCB$KU%"5B1:'(==O.8E1I,'%/&W7KP. MUNE>3:%U2Z\2JW:]&9&.LRRS@FZOL+6QEMO-G=%[*T;MRL$LKW6R_4*$+R"K M]NWVKNI=DE,7Z_M4ZV]NE-WD+`>"'L[@HRVO+B9$83?GM_.%#S$[KI$CZ92[ M_:]O[!PN%-BTZRU&CY`8+1-/K3+CT:P?K()O(5<12F3ZNPFQA"$M; M$I4]@#J'#3D.7%:6;T/-W%*-UC@NH M-SB?&OOM,@;:,>=(9%'Y6H05)AFGXFU#?6/K=-].H=O`4&"WJR/J(D=##*:L MQ,?FLF"H;CE[_\R5)F^%$'9R%BPMV+;+CZ5YA5%=69P%2BN,]+GQ,(Z1U5[K MAD@X3RJ7$6FLO']78((PJ.2N_/I"1$QD`6,?O]Z2-3U1>FFJ\8O6X51AY_/6 M8M%0F-D[C1HXE1$KAQ@1#@4'XU6#7=9L`Q<:?!]& M-BD@79F^#@D,E.GL,C3Z8;9K[&SM0_V&4E0G!!C`)(I1DN#%FJR6U749*GRSK"ZOM/W/:.IN;4J#+*L)S7QCO M(4G#.G3TJ7)>A$@7V6@-$CO1!JG?`)S.Z#OY)W(8FVY*=2LP70IB+6GN)>3Z ME)563Y^A=*.55Q(#^`1#$(=+?0Q`$)%_)-X2<;ON">8ZBT1K3-SRWL'D.Y1K M/YG=1.A9]AG*F;5^&:0$T2S/6,,MLS(AZXR$C$(W#E9]L.S(FYA==K+UI,FV+KFNJN=5-S5T M\WP9_E^6Y'6''M$(!"@.8`36W!"/J!^KH^-3^X/.-Y.>BY?EU>AVB6!_ZU#U M9LK?QEVC7.QZ&M:35:P\?[B?;.;6X]DW8:+7JGH==VRU_X&RMD+2$A1GO'H8X1L#8K<'(/^W(M>BL&MSVC5)`M9!3YN_ MM:-,7,R@LBV2[2@GW['4=W`5&2][W:[$:^J^M5JJBG[OH MZ28"K:Y,*U>H2F''5LM4I?\^@DI%%"ZZ+[S0RL=+78>3'-'T4K:B]H$UX<&XO#K M)F&842&+@TX;^^TQLJ1$T=7WU3>)1A/_HE+8[1 M14F/GS&QX6(7J0HA]]'4LVRZ[N<;X*4O5F8$T@S']Q,%"0A1UH+>OH&M+Q%I M=98IGR'E[W:(:$<`SL<9^2ZUY/FE*`AISKR6J&M)<]^0UZ>8M'K*#'DPRJT% MF8M$!0$`(4ODR#S8-3IHV*M)4G$?A'T*IFO$H)VA7?(B[^PRVQ^X=91)7U6I M=\!%6U3S[>ZB%1"R#G<]N6A56=80A&$HM<32@-/*WD0&X'[R`&*"\#L43Q\! MGM,D_[PU4K*[=:CI"04UBV,7B6A]G&WH?5E5(".P*/8.]Y,[ZD8DQ5T,[]>KTR5/4\1>Y MVK;[`QAY]C5[3S^:A\H#"#(,0DFP5%KO)UR:!-#5]6D_8&1V.3]V-HHBZ.JS MM'-)JN[N:,T95DB`1CC27UQ.)C""9+B"%(`RO?<'4ET$TM-[9E[Z(O,;YC*5 M[C<8LS$U%/20Z+E'P&HI##=?,Z]9[L*_441_W]$8[N9@>`4*^P.RKD+I6G?$ M3K!5;7KE%HJ=2FID+K%42E#9']#U(1@=Q4EL?7HA#SEY`ON#MHXR*8'6V5E> M>[%GR,"Q<-HXI/_0,.XG/Z)S<`C(N,+-UU$%60]R>M=#I`AGKH-)=]2WAI//.=\%L'ID% M.+5EUV0"62<_H%4114_7OCFVOL:"@'8K"B$-F7YF((4!9;*J;T%5I/=MJB)Y M?UW[V-]^5$GJ8B2*!V3,,TM_3J`@-:R@AW5+3:M=B0)OQ@LX(OZ&LD'7@[M49#?:[V1S3.X635KV;N;^1+8=L/A MY\O!YWS2_.,H9IO2%\CS@`K[V*M7OGH$.I5F44+%AK)?5^JN?@/S,<"\S=AF M.WM5*:V5FFV9%)?&-V/]J/Z1>DLS_-JL_)J63JI?ED]'TO9.L"S\+<1%?6,G`:'`JH;DJT8,11!D\RSR MRS+O5&P8S&C.QB>09S$6&PW9_D[BI1OWQF^?I#T_I9`0Z[D. M(-KDX7#PTU.QA28;#7J*%Z4.@K.749L?ZL?NGZR>HV MOD9Q#`+ZM]]@.BO_^@"(W.MJ$?='>/=QI%D66DM:&8KEWS;;WU$*'A8P1I/) M(_;CQ`\$84ZRW7E?*#76ESM;@B*M+'Y0QI:(GH:,RJBD&W=G]U]Y!J5E-9$OR:7 MV'PG.\@P/0\Q>3`A?`?/["]\=X)$7W'?QIE8@&+_I;U/LH M_#EL"HZ`7SP9>9QAE$UG(T"%$K#0>#)U;Q">`-CPGJ(-P=V'F"89.)D$8YGM MB+Y5X1BOM3:[#P]YMCIGH^@[X8ZT)5GR1H\?C^@A&R?(/S9AS&5U"6&"=G95\^AI0(X@-+Y28?Q^>9BTUJBP)#!XPGQ M,A=6<8.Z+5(BJ"$=>^'EI)-77+7NM?354SV37@KUM0*U-P=Z;#H6NB[]$.L!=C_7>:0BI M,%ABHNO"R\?$,M3;?%JP-ODASU7R0^:?L2PWI$LYPRK07EW%`,Q@/@!!1/Z1 MF/;#N@W)CHS%=3"_2=7+."C,4;YQV_8# M]$5V]S&@51*.Y#CB>>^8Y[KBP2M\<&5.S2$BXB9F'3.%;#C!U=UZ1,A?)Q/` MM<26C7+WI\8N"59;NBB-&[$!3((()1D&]WCJQX44I;9:)\?D?V1[M2)!_F.- MB@DS4?G^:M^7(V)8$=?]I"A;XT>K'6'#-JLGVD:L9Y>AKQ3\2*!P18;YAPX) MU7S&.OO5*[S6[-M;2$Y;OLLW,5`C$.7U\V9P05^J?D\!^8.DJ3K=-E55>AXE MZ'U__'IW_Z!FMJ3WS9O#OT%X3A8H!CF.X6E#0-.N7_3Q9OO0B98U1J"]/KG\P,D>ZT)#'PBKB!`69PRCVD$@TI5OH99?;8]JRMDO15=;TG83-;% M#?8:-AJB#D;N$T2J:MH3R'6V9I++*VWM$J`]D[L]BU<_$?F@+'T`T]*#2V\V M%A@F@&QAF+FCYZH)L7,J1XSS[1E>^:3'ONF5'Z4>WHV/BB13Y[FI(#5.2U]C$A*PJH&D*UK:U;M*)55&=\@6BXB=\'W\6EGU5L6GU-?3#S4[YNIGUE;7:@$]X\OG:I11#?M-JZEL M;U,5]>B`JH.LJ*%I>LMVMV[&*ZITL^Q>:YYWVRHL_7^W,9%/ME9XKV'R?]R> M_$MJ7I6<@4EPXT/,9MMV=A$U$@4C9#AW=`W7L]+*L(``"=10``&@`<`&-I:S`P,#$U,C`W-#0M M,C`Q,3$R,S$N>'-D550)``.'SVQ/A\]L3W5X"P`!!"4.```$.0$``.U;;6_; M.!+^?L#]!YZ_W!UP?D^[&R/9A>.TBP!N;-@NNM\6M#2V>9%(E:3RLK_^AI1D MR[8L2T[2-7`"BE0B9Q[.\!F^:GSUZ[/OD4>0B@E^76LW6C4"W!$NX\OK6JCJ M5#F,U7[]Y>]_N_I'O?[[S61(7.&$/G!-'`E4@TN>F%Z1@11*+9@$,G\A$_8( MFDS%0C]1+(GQR46CV[C\V&B1E=9!K]E\>GIJ2".J8LF&(_QZ/6[LABH$1S7; M:J?17M<,XH8%[Y%NLX/_6NT.^;G7[?1:%Z3_92WX!1U9L*.2REF!3PEV!5?7 MM91Q3]V&D$M4:K6;OW\93JU<+1+L/<^EQ[;$34FBT&TRKC3E#B3R'N,/.>*F M>HXNK^'WY&-KVI>7ETU;6R.:RB7H>^J#"J@#6^)>Z`O%03\)^:`<(0/3NZ8# MVNU.MYTTPT,_VRA7RZ9^":")$B"9LU80O(".X/6U'GA@XN6SD/XM+&CHZ>O: M]Y!ZEIH:H5I+-@\U;`F$/"42M>RPAQ8R\:'3^NGBX@17C9FN7BNFN_]#,ZJL M83@0ID#8//:202 M0Y$(ZZJY"["+'>*('/%?[',@02&D[:4A%L3:L4B>ID,])_1.4-Q8=E@O+DV8 M>4_"UH5JM!@%(*U'>3J9`ZI6GSWQ5)3+C7P^ ME=TR5!I08E$K*D^G\M/WD.F7@CS&PODD7I0A,4*L"#Q(X&V\F4S^[W/W$]?8 M9W>XVDK?^A*Q5T@RG[K6I:$N`4@_(AB)T$@*KN+M%3N8,>[GN5Z!9NA>T>W, MMM*QO);FL26V M!-T1?$5U\267*<<3*I0PDDO*V9_I13:[+H^N-D[$;;.6KE7Q):U=45&`B@E$ MEJL5"[XQO;K7@!6[I!R0RJ>GLT]/&H<8('(_^S0<32NJ"E`U94O.%CC+X![4 M<42(VT:^'./LY##88RQ?.)^X[CYQ*3BRP2,)8,5?`?XV3ZH_%Z&>PC)9J;@& M&4BF`,\#=HR`NW\.>0.@?-XO]GE/-45L6R1IS"R!?4XV+=JS3-QF=9@I&1M# MP9Z)C5S<&8_T M"N18X(P/FDF[@-\`1SOWUYD2FODT9MR/Q-C1@+([=@M/MO%)TD#%=`&F!\+W MF;;K.';H0-BC,?"L4WF>:#Z7&9V M._H M_M#@O[??.'K+^KTSX-_)^\&FE&9&Z:'\UBA_ M=B@<"Y2C8M[JB5[=%-7;G7JWW7A6;F)C&1,VG5#.A$2OM`D+JN86*U1UPY>R M2:;U5KMNTDP/&&$-2&LN*0VL8A,\K=98]0U6,6LLL`*GL12/.+^RPL;LZIB' MTJT?R18NPLBNEN'CTO#1_O@J&]+9Q^7L$/S^+4PQRM&PY[`T.XUB=GA2;FF5 M-B(SREX?GJ;D4'S$V=UVJ[8U6_Z1EZG5G^-!![=<->O$)KOKB"SS^>6$2KS**,_QP!>X4:;RI;`/^S9'-3D(_,K,61>X4DSSL4[85(7RG0:AK.->Y2O,2[[*KS=F>P MHGP)ZHYOW0S&P9A==^;1N)N,8GZ^`S)*P]J=W@O*GNGTGF?]YEIA!L_ZQA/. M0Q&GL]4R_8]^<-73B=R;<'Y\\6:/S`7NJC%E[DS@.%/,91AR`^$'E+^L%^[C MQV,/W"6XMQ`(Q+$FYM@OP4U3,/"?,!?P+,GX=269D).,`>P?TLA7^\3TY7/_-^&8?2 M6>&Y>;2X"17CH-0W(1]P7A[0@.$JG'PFZ;O_Q>UB_/4^'C$GJ9YY?YBK?\&G M*YS2U02H@[LL''*S%3:^Q`@P:Y9CLZ%QVL8AL0"F4SO0DW3SEDB+]6.6AZ]< M@B.6G/T)[E`H=0_:!+>]?X7XLY7]N(4E(*5)?XNW-HG_KT(X]PFU[^/Y/,Y_ M'BV&@O*19$O&;<%`J$T8%)(\\V&0C.@D&R3R;*_TK]F@%^9LV]XOX,]!9ONR MKLO;K[G"IXS_F-'8][SX5FWX1"4WUTYCD-;VL13V M4FT=U87%LP,=HSR(97^,?]^`+5=H:?\1)%W"COT1/Z-0FXG`W+?M^GNZ^H_C M]ZH97=/BX_\`4$L!`AX#%`````@`ZGMW0'N,2!50J0``^-T&`!H`&``````` M`0```*2!`````&-I:S`P,#$U,C`W-#0M,C`Q,3$R,S$N>&UL550%``.'SVQ/ M=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`ZGMW0-DLM@AJ#0``$]<``!X` M&````````0```*2!I*D``&-I:S`P,#$U,C`W-#0M,C`Q,3$R,S%?8V%L+GAM M;%54!0`#A\]L3W5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`.I[=T#,'A`0 MO@8``")````>`!@```````$```"D@6:W``!C:6LP,#`Q-3(P-S0T+3(P,3$Q M,C,Q7V1E9BYX;6Q55`4``X?/;$]U>`L``00E#@``!#D!``!02P$"'@,4```` M"`#J>W=`P0;DA3`R``!)]`(`'@`8```````!````I(%\O@``8VEK,#`P,34R M,#&UL550%``.'SVQ/=7@+``$$)0X```0Y`0`` M4$L!`AX#%`````@`ZGMW0)E4`*[$&P``1N$!`!X`&````````0```*2!!/$` M`&-I:S`P,#$U,C`W-#0M,C`Q,3$R,S%?<')E+GAM;%54!0`#A\]L3W5X"P`! M!"4.```$.0$``%!+`0(>`Q0````(`.I[=T#=>STLJP@``)U%```:`!@````` M``$```"D@2`-`0!C:6LP,#`Q-3(P-S0T+3(P,3$Q,C,Q+GAS9%54!0`#A\]L F3W5X"P`!!"4.```$.0$``%!+!08`````!@`&`%`"```?%@$````` ` end XML 31 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6

Stock Plans
12 Months Ended

Dec. 31, 2011

Stock Plans[Abstract]

Stock Plans

Note 9. Stock Plans

Upon the Business Separation on October 31, 2011, all outstanding NTELOS stock options and restricted stock awards for the Company's employees and non-employee directors were replaced with 1,463,819 and 409,690 Company stock option and restricted stock awards, respectively, based on a formula designed to preserve the intrinsic value and fair value of the awards immediately prior to the Business Separation. The specific formula for the adjustment of the number of stock options and restricted stock and the strike price of the stock options was contained in the employee matters agreement that was executed on the date of separation. These awards had substantially the same terms and conditions as the NTELOS stock options and restricted stock awards that they replaced.

Under the guidance in ASC 718, a modification event occurs when there is a change in any of the terms or conditions of a share-based payment award, which includes the spin-off of a business entity. Accordingly, Lumos Networks' spin-off from NTELOS qualified as a modification event which required Lumos Networks to determine incremental compensation expense, if any, resulting from the modification event. The computation of incremental compensation cost was determined by comparing the fair value of the NTELOS equity awards immediately before the Business Separation to the fair value of the replacement equity awards immediately after the Business Separation. Based on this computation, the Company determined that there was no incremental compensation expense to the Company related to the replacement of NTELOS equity-based compensation awards. Any unrecognized compensation expense related to the replaced awards will be recognized by the Company over the remaining vesting period of the awards.

The Company has an Equity and Cash Incentive Plan administered by the Compensation Committee of the Company's board of directors, which permits the grant of long-term incentives to employees and non-employee directors, including stock options, stock appreciation rights, restricted stock awards, restricted stock units, incentive awards, other stock-based awards and dividend equivalents. The maximum number of shares of common stock available for awards under the Equity and Cash Incentive Plan is 4,000,000. As of December 31, 2011, 2,071,374 securities remained available for issuance under the Equity and Cash Incentive Plan, reflective of the equity awards from NTELOS that were replaced with Company awards on the date of the Business Separation, as described above, and post-Business Separation equity award activity. Upon the exercise of stock options or upon the grant of restricted stock under the Equity and Cash Incentive Plan, new common shares are issued.

Subsequent to the Business Separation through December 31, 2011, the Company issued 20,514 stock options under the Equity and Cash Incentive Plan. The options issued under the Employee Equity and Cash Incentive Plan generally vest one-fourth annually beginning one year after the grant date for employees and generally cliff vest on the first anniversary of the grant date for non-employee directors . No options expired during the period. Additionally, during the period subsequent to the Business Separation through December 31, 2011, the Company issued 7,425 shares of restricted stock under the Equity and Cash Incentive Plan. These restricted shares generally cliff vest on the third anniversary of the grant date for employees and generally cliff vest on the first anniversary of the grant date for non-employee directors. Dividend rights applicable to restricted stock are equivalent to the Company's common stock.

Stock options must be granted under the Equity and Cash Incentive Plan at not less than 100% of fair value on the date of grant and have a maximum life of ten years from the date of grant. Options and other awards under the Equity and Cash Incentive Plan may be exercised in compliance with such requirements as determined by a committee of the board of directors. All options outstanding were issued at a strike price equal to or greater than the fair value on the date of grant.

The fair value of each option award is estimated on the grant date using the Black-Scholes option-pricing model and the assumptions noted in the following table. The risk-free rate is based on the zero-coupon U.S. Treasury rate in effect at the time of grant, with a term equal to the expected life of the options. For awards granted after the Business Separation, the Company used peer group and other publicly available market data to estimate volatility assumptions as the Company was not publicly traded until November 2011 and did not have an adequate trading history to estimate its actual volatility. The expected option life represents the period of time that the options granted are expected to be outstanding. The expected dividend yield is estimated based on the Company's expected dividend yields at the date of the grant.

November 1, 2011

through

December 31, 2011

Risk-free interest rate 1.55%

Expected volatility 34.7%

Expected dividend yield 3.09% to 3.23%

Weighted-average expected dividend yield 3.10%

Expected term 7 years

The summary of the activity and status of the Company's stock options for the year ended December 31, 2011, is as follows:

Weighted Weighted-

Average Average

Exercise Remaining Aggregate

Price per Contractual Intrinsic

(In thousands, except per share amounts) Shares Share Term Value

Stock options outstanding at January 1, 2011 - $ -

Converted options issued by the Company on the

October 31, 2011 Business Separation date 1,464 14.58

Granted subsequent to the Business Separation 21 15.48

Forfeited subsequent to the Business Separation (137 ) 14.67

Outstanding at December 31, 2011 1,348 14.58 7.8 years $ 1,022

Exercisable at December 31, 2011 556 14.56 6.7 years $ 432

Total expected to vest at December 31, 2011 715 $ 14.60 $ 531

The weighted-average grant date fair value per share of stock options granted subsequent to the Business Separation through December 31, 2011 was $3.95. No options were exercised subsequent to the Business Separation through December 31, 2011. The total fair value of options that vested subsequent to the Business Separation through December 31, 2011 was $0.1 million. As of December 31, 2011, there was $1.4 million of total unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a weighted-average period of 2.4 years.

The summary of the activity and status of the Company's restricted stock for the year ended December 31, 2011, is as follows:

Weighted

Average

Grant

Date Fair

Value per

(In thousands, except per share amounts) Shares Share

Restricted stock outstanding at January 1, 2011 - $ -

Converted restricted stock issued by the Company on the

October 31, 2011 Business Separation date 410 14.46

Granted subsequent to the Business Separation 7 15.20

Forfeited subsequent to the Business Separation (65 ) 14.54

Restricted stock outstanding at December 31, 2011 352 $ 14.46

As of December 31, 2011, there was $2.4 million of total unrecognized compensation cost related to unvested restricted stock awards, which is expected to be recognized over a weighted-average period of 1.9 years. The fair value of the restricted stock is equal to the market value of common stock on the date of grant.

In addition to the Equity and Cash Incentive Plan discussed above, the Company has an employee stock purchase plan which commenced in November 2011 with 100,000 shares available. New common shares will be issued for purchases under this plan. Shares are priced at 85% of the closing price on the last trading day of the month and settle on the second business day of the following month. During the period November 1, 2011 through December 31, 2011, 719 shares were issued under the employee stock purchase plan. Compensation expense associated with the employee stock purchase plan was not material in the period November 1, 2011 through December 31, 2011.

X

- Details

Name: us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- 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

Name: us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 32 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6

Document And Entity Information (USD $)
12 Months Ended

Dec. 31, 2011

Mar. 16, 2012

Jun. 30, 2011

Document And Entity Information [Abstract]

Document Type 10-K

Amendment Flag false

Document Period End Date Dec. 31, 2011

Document Fiscal Year Focus 2011

Document Fiscal Period Focus FY

Entity Registrant Name Lumos Networks Corp.

Entity Central Index Key 0001520744

Current Fiscal Year End Date --12-31

Entity Filer Category Non-accelerated Filer

Entity Common Stock, Shares Outstanding 21,276,616

Entity Well-known Seasoned Issuer No

Entity Current Reporting Status Yes

Entity Voluntary Filers No

Entity Public Float $ 0

X

- Details

Name: cik0001520744_DocumentAndEntityInformationAbstract

Namespace Prefix: cik0001520744_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

If the value is true, then the document as an amendment to previously-filed/accepted document.

+ References

No definition available.

+ 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.

+ References

No definition available.

+ 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.

+ References

No definition available.

+ 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.

+ References

No definition available.

+ 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.

+ References

No definition available.

+ 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, POS AM and Other.

+ References

No definition available.

+ 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

+ References

No definition available.

+ 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.

+ References

No definition available.

+ 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.

+ References

No definition available.

+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition

State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.

+ References

No definition available.

+ Details

Name: dei_EntityPublicFloat

Namespace Prefix: dei_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

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

- Definition

Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

+ References

No definition available.

+ Details

Name: dei_EntityVoluntaryFilers

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition

Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.

+ References

No definition available.

+ Details

Name: dei_EntityWellKnownSeasonedIssuer

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

XML 33 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6

Income Taxes
12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Income Taxes

Note 10. Income Taxes

Lumos Networks' operations through the Business Separation date are included in the NTELOS consolidated federal and certain unitary or consolidated state income tax returns. During these periods, income taxes for the

Company are calculated on a separate tax return basis. The components of income tax expense (benefit) are as follows for the years ended December 31, 2011, 2010 and 2009:

(In thousands) 2011 2010 2009

Current tax expense:

Federal $ - $ 8,515 $ 9,602

State 3,727 2,499 2,520

3,727 11,014 12,122

Deferred tax expense (benefit):

Federal (3,657 ) 3,275 3,373

State (4,453 ) 188 273

(8,110 ) 3,463 3,646

$ (4,383 ) $ 14,477 $ 15,768

Total income tax expense was different than an amount computed by applying the graduated statutory federal income tax rates to income before taxes. The reasons for the differences are as follows for the years ended December 31, 2011, 2010 and 2009:

(In thousands) 2011 2010 2009

Computed tax expense (benefit) at statutory federal

rate of 35% $ (16,891 ) $ 12,397 $ 13,708

Nondeductible goodwill impairment charge 11,703 - -

Nondeductible compensation 637 378 238

Noncontrolling interests 18 (42 ) (14 )

State income taxes (benefits), net of federal income

tax benefit (expense) (472 ) 1,746 1,816

Other 622 (2 ) 20

$ (4,383 ) $ 14,477 $ 15,768

The Company recognized a tax benefit of $1.8 million in accumulated other comprehensive income associated with the adjustments to various employee benefit plan liabilities for the post Business Separation period in 2011 in accordance with FASB ASC 715. Additionally, on the date of the Business Separation, in connection with the transfer of these underlying employee benefit plans, $9.0 million of the related NTELOS deferred tax benefit associated with the unrealized actuarial losses from these plans was transferred to the Company.

Net deferred income tax assets and liabilities consist of the following components as of December 31, 2011 and 2010:

(In thousands) 2011 2010

Deferred income tax assets:

Retirement benefits other than pension $ 5,349 $ 2,963

Pension and related plans 9,022 1,457

Net operating loss 5,020 1,517

Debt issuance and discount - -

Accrued expenses 2,623 553

Other 2,523 1,375

24,537 7,865

Deferred income tax liabilities:

Property and equipment 57,098 44,007

Intangibles 8,643 25,075

65,741 69,082

Net deferred income tax liability $ 41,204 $ 61,217

The Company has prior year unused net operating losses, including certain built-in losses ("NOLs") totaling $5.6 million as of December 31, 2011. These NOLs are subject to an adjusted annual maximum limit (the "IRC 382 Limit") of $0.3 million. Based on the IRC 382 Limit, the Company expects to use NOLs of approximately $3.9 million as follows: $0.7 million in 2012 and $0.3 million per year in 2013 through 2022. In addition, the Company expects to realize an NOL for the tax year 2011 as a result of the significant increase in bonus depreciation due to the passage of the "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010." The Company believes that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the deferred tax assets.

The Company recognizes interest related to unrecognized income tax benefits ("UTBs") in interest expense and penalties on UTBs in income tax expense. A reconciliation of the change in the UTB balance for the years ended December 31, 2011 and 2010 is as follows:

(In thousands) 2011 2010

Balance at beginning of the year $ 500 $ 136

Additions for tax positions related to the current year - 235

Increases (reductions) for tax positions related to prior years (16 ) 129

$ 484 $ 500

While the Company believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be greater than its accrued position. Accordingly, additional provisions could be recorded in the future as revised estimates are made or the underlying matters are settled or otherwise resolved. In general, the tax years that remain open and subject to federal and state audit examinations are 2009-2011 and 2008-2011, respectively.

X

- Details

Name: us-gaap_IncomeTaxDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- 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

Name: us-gaap_IncomeTaxDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 34 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6

Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Consolidated Statements Of Operations [Abstract]

Operating Revenues $ 207,414 $ 145,964 $ 130,595

Operating Expenses

Cost of sales and services (exclusive of items shown separately below) 78,484 46,407 40,158

Customer operations 19,551 13,243 12,598

Corporate operations 16,251 13,809 8,582

Depreciation and amortization 43,090 31,365 28,641

Asset impairment charges 86,295

Accretion of asset retirement obligations 116 11 78

Total Operating Expenses 243,787 104,835 90,057

Operating (Loss) Income (36,373) 41,129 40,538

Other Income (Expenses)

Interest expense (11,993) (5,752) (1,478)

Other income, net 105 43 105

Total Nonoperating Income (Expense) (11,888) (5,709) (1,373)

Income (Loss) From Continuing Operations Before Taxes (48,261) 35,420 39,165

Income Tax (Benefit) Expense (4,383) 14,477 15,768

Net (Loss) Income (43,878) 20,943 23,397

Net Income Attributable to Noncontrolling Interests (52) (119) (39)

Net (Loss) Income Attributable to Lumos Networks Corp. $ (43,930) $ 20,824 $ 23,358

Pro Forma Basic and Diluted (Loss) Earnings per Common Share Attributable to Lumos Networks Corp. Stockholders:

Pro Forma (Loss) Earnings per Share - Basic and Diluted $ (2.11)

Pro forma weighted average shares outstanding - basic and diluted 20,815

Cash Dividends Declared per Share - Common Stock $ 0.14

X

- Definition

Basic and diluted earnings per share proforma.

+ References

No definition available.

+ Details

Name: cik0001520744_BasicAndDilutedEarningsPerShareProforma

Namespace Prefix: cik0001520744_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition

Corporate operations.

+ References

No definition available.

+ Details

Name: cik0001520744_CorporateOperations

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Customer operations.

+ References

No definition available.

+ Details

Name: cik0001520744_CustomerOperations

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Weighted average basic and diluted shares outstanding proforma.

+ References

No definition available.

+ Details

Name: cik0001520744_WeightedAverageBasicAndDilutedSharesOutstandingProforma

Namespace Prefix: cik0001520744_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition

The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 45

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6390789&loc=d3e2420-110228

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 45, 46, 47

-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 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

+ Details

Name: us-gaap_AssetImpairmentCharges

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 410

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (c)(3)

-URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 143

-Paragraph 13, 14

-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 143

-Paragraph 22

-Subparagraph c(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 410

-SubTopic 20

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6392676&loc=d3e7480-110848

+ Details

Name: us-gaap_AssetRetirementObligationAccretionExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Aggregate dividends declared during the period for each share of common stock outstanding.

+ 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 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

+ Details

Name: us-gaap_CommonStockDividendsPerShareDeclared

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 2

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.2(a),(d))

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details

Name: us-gaap_CostOfGoodsAndServicesSold

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

-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 360

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

+ Details

Name: us-gaap_DepreciationAndAmortization

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.

+ References

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 10

+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_IncomeStatementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Income Tax Expense (or Benefit)

-URI http://asc.fasb.org/extlink&oid=6515339

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-Subparagraph (a),(b)

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

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 45

-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 5: 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

Name: us-gaap_IncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Interest and debt related expenses associated with nonoperating financing activities of the entity.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 34

-Paragraph 21

-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 835

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391

+ Details

Name: us-gaap_InterestAndDebtExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-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 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e565-108580

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A7

-Appendix A

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 10, 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

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-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.

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

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 87-21

-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

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 19

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28, 29, 30

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6921930&loc=SL4573702-111684

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4J

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591551-111686

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-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 AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A1, A4, A5

-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 810

-SubTopic 10

-Section 55

-Paragraph 4K

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591552-111686

+ Details

Name: us-gaap_NetIncomeLossAttributableToNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).

+ References

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 7

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.7)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details

Name: us-gaap_NonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_NonoperatingIncomeExpenseAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

+ References

No definition available.

+ Details

Name: us-gaap_OperatingExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_OperatingExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The net result for the period of deducting operating expenses from operating revenues.

+ References

No definition available.

+ Details

Name: us-gaap_OperatingIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items.

+ References

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 9

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.9)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details

Name: us-gaap_OtherNonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4J

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591551-111686

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-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 AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A1, A4, A5

-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 AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 29

-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 810

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (a),(c)

-URI http://asc.fasb.org/extlink&oid=6921930&loc=SL4573702-111684

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4K

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591552-111686

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 5

-Subparagraph 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 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4569616-111683

+ Details

Name: us-gaap_ProfitLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.

+ References

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 1

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.1)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details

Name: us-gaap_Revenues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

XML 35 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6

Disclosures About Segments Of An Enterprise And Related Information
12 Months Ended

Dec. 31, 2011

Disclosures About Segments Of An Enterprise And Related Information [Abstract]

Disclosures About Segments Of An Enterprise And Related Information

Note 4. Disclosures About Segments of an Enterprise and Related Information

The Company manages its business with separate products and services in two segments as described below.

Competitive: The Company directly or indirectly owns approximately 5,800 route-miles of fiber optic network which it utilizes to provide high capacity transport, data services and broadband Internet access. The Competitive segment offers services in more than 100 geographic markets as well as transport services to retail and carrier customers across the network that reaches portions of Virginia, West Virginia, southwestern Pennsylvania, Maryland, Ohio and Kentucky. The Competitive segment focuses on providing "on-net" fiber-based services, including integrated voice and data service, Metro Ethernet, dedicated high speed Internet access and carrier transport services. As noted in the RLEC section below, revenue and operating expenses from services sold in the RLEC service areas that relate to unregulated services, such as integrated access, DSL, broadband over fiber and video, are reported in the Competitive segment. The Competitive segment pays the RLEC tariff and prevailing market rates for these services, the revenue and expense of which are eliminated in consolidation.

RLEC: The Company has two RLEC businesses subject to the regulations of the State Corporation Commission of Virginia. These businesses serve several areas in western Virginia, are fully integrated and are managed as one consolidated operation. The Company's primary RLEC services are voice services and broadband Internet access but also offers IPTV-based video services and high speed broadband Internet in areas where it has deployed fiber to the home. Revenues and operating expenses related to video and Internet services are reported in the Competitive segment.

Revenues from Verizon accounted for approximately 12% of the Company's total revenue for the years ended December 31, 2010 and 2009, respectively. Revenue from Verizon was derived from RLEC and Competitive segments' network access.

Summarized financial information concerning the Company's reportable segments is shown in the following table.

(In thousands) Competitive RLEC Eliminations Total

As of and for the year ended December 31, 2011

Operating revenues $ 154,757 $ 52,657 $ - $ 207,414

Intersegment revenues⁽¹⁾ 644 4,632 (5,276 ) -

Depreciation and amortization and

accretion of asset retirement obligations 29,579 13,627 - 43,206

Asset impairment charges - 86,295 - 86,295

Equity-based compensation expense 1,474 909 - 2,383

Business Separation charges⁽²⁾ 1,019 339 - 1,358

Acquisition related charges 71 - - 71

Operating (loss) income 29,955 (66,328 ) - (36,373 )

Capital expenditures 45,720 15,816 - 61,536

Goodwill 100,297 - - 100,297

Total assets $ 355,979 $ 142,621 $ - $ 498,600

(1) Intersegment revenues consist primarily of telecommunications services such as local exchange services, inter-city and local transport voice and data services, and leasing of various network elements.

Intersegment revenues are primarily recorded at tariff and prevailing market rates.

(2) Business Separation charges include audit, legal and other professional fees incurred during the period related to the Company's separation from NTELOS Holdings Corp. into a separate publicly traded company (Note 1). These charges are included in corporate operations expense on the statement of operations.

(In thousands) Competitive RLEC Eliminations Total

As of and for the year ended December 31, 2010

Operating revenues $ 88,471 $ 57,493 $ - $ 145,964

Intersegment revenues⁽¹⁾ 1,036 4,254 (5,290 ) -

Depreciation and amortization and

accretion of asset retirement obligations 17,272 14,104 - 31,376

Equity-based compensation expense 816 713 - 1,529

Acquisition related charges⁽²⁾ 3,020 - - 3,020

Operating income 16,208 24,921 - 41,129

Capital expenditures 27,950 12,304 - 40,254

Goodwill 100,297 33,438 - 133,735

Total assets $ 345,259 $ 195,534 $ - $ 540,793

(In thousands) Competitive RLEC Eliminations Total

For the year ended December 31, 2009

Operating revenues $ 71,086 $ 59,509 $ - $ 130,595

Intersegment revenues⁽¹⁾ 963 4,216 (5,179 ) -

Depreciation and amortization and

accretion of asset retirement obligations 13,760 14,959 - 28,719

Equity-based compensation expense 346 448 - 794

Operating income 13,704 26,834 - 40,538

Capital expenditures 26,075 10,936 - 37,011

Acquisition of assets from Allegheny

Energy, Inc. $ 26,708 $ - $ - $ 26,708

(1) Intersegment revenues consist primarily of telecommunications services such as local exchange services, inter-city and local transport voice and data services, and leasing of various network elements. ntersegment revenues are primarily recorded at tariff and prevailing market rates.

(2) Acquisition related charges include legal and other professional fees incurred during 2010 related to the Company's acquisition of the FiberNet business from One Communications Corp., which closed on December 1, 2010.

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 36 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6

Significant Accounting Policies
12 Months Ended

Dec. 31, 2011

Significant Accounting Policies [Abstract]

Significant Accounting Policies

Note 3. Significant Accounting Policies

Accounting Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Additionally, the financial information included herein may not necessarily reflect the Company's financial position, results of operations and cash flows in the future or what the Company's financial position, results of operations and cash flows would have been had Lumos Networks been an independent, publicly traded company through October 31, 2011. Lumos Networks' management believes that all historical costs of operations have been reflected in the consolidated financial statements.

Principles of Consolidation

The consolidated financial statements principally represent the financial results reflected by NTELOS constituting the companies comprising the Competitive and RLEC wireline segments for all periods prior to the Business Separation on October 31, 2011. All significant intercompany accounts and transactions have been eliminated. These financial results as of and for the periods prior to the date of the Business Separation have been adjusted to reflect certain corporate expenses which were not previously allocated to the segments. These allocations primarily represent corporate support functions, including but not limited to accounting, human resources, information technology and executive management, as well as corporate legal and professional fees, including audit fees, and equity-based compensation expense related to equity-based awards granted to employees in corporate support functions. These additional expenses for the ten months ended October 31, 2011 were $2.6 million and for the years ended December 31, 2010 and 2009 were $5.1 million (inclusive of $2.8 million of FiberNet acquisition-related costs) and $1.8 million, respectively. The Company believes that these costs would not have been materially different had they been calculated on a standalone basis. However, such expenses may not be indicative of the actual level of expense and exclude certain expenses that would have been incurred by the Company if it had operated as an independent, publicly traded company or of the costs expected to be incurred in the future. Refer to Note 13 for further information regarding allocated expenses.

Revenue Recognition

The Company recognizes revenue when services are rendered or when products are delivered, installed and functional, as applicable. Certain services of the Company require payment in advance of service performance. In such cases, the Company records a service liability at the time of billing and subsequently recognizes revenue ratably over the service period. The Company bills customers certain transactional taxes on service revenues. These transactional taxes are not included in reported revenues as they are recognized as liabilities at the time customers are billed.

The Company earns revenue by providing access to and usage of its networks. Local service revenues are recognized as services are provided. Wholesale revenues are earned by providing switched access and other switched and dedicated services, including wireless roamer management, to other carriers. Revenues for equipment sales are recognized at the point of sale.

The Company periodically makes claims for recovery of access charges on certain minutes of use terminated by the Company on behalf of other carriers. The Company recognizes revenue in the period that it is able to estimate the amount and when the collection of such amount is considered probable.

Cash and Cash Equivalents/Centralized Cash Management Systems

The Company considers its investment in all highly liquid debt instruments with an original maturity of three months or less to be cash equivalents. The Company places its temporary cash investments with high credit quality financial institutions with a maturity date of not greater than 90 days from acquisition and all are investments held by commercial banks. At times, such investments may be in excess of the FDIC insurance limit. The commercial bank that holds significantly all of the Company's cash at December 31, 2011 has maintained a high rating by Standard & Poor's and Moody's. At December 31, 2011 and 2010, the Company did not have any cash equivalents.

As of December 31, 2011, all of the Company's cash was held in non-interest bearing deposit accounts which are fully insured by the FDIC. Total interest income related to cash was negligible for the years ended December 31, 2011, 2010 and 2009.

Prior to the Business Separation, NTELOS Inc. used a centralized cash management program where NTELOS Inc. held a majority of the cash for NTELOS and its subsidiaries, including Lumos Networks. NTELOS Inc. funded the majority of cash disbursements and received the majority of cash receipts for all of its subsidiaries. Cash received by NTELOS Inc. and payments made by NTELOS Inc. which related to Lumos Networks were accounted for by the Company as due to/from NTELOS Inc. and were classified as a non-current asset or long-term borrowing as appropriate and bore interest at a rate that was substantially equal to NTELOS Inc.'s weighted average long-term borrowing rate excluding the effect of debt issuance cost and original issue discount amortization (for balances due to NTELOS Inc.) and NTELOS Inc.'s average earnings rate (for amounts due from NTELOS Inc.).

Restricted Cash

During 2010, the Company received a federal broadband stimulus award to bring broadband services and infrastructure to Alleghany County, Virginia. The total project is $16.1 million, of which 50% (approximately $8 million) is being funded by a grant from the federal government. The project is expected to be completed in or before 2013. The Company was required to deposit 100% of its portion for the grant (approximately $8 million) into a pledged account in advance of any reimbursements, which can be drawn down ratably following the grant reimbursement approvals which are contingent on adherence to the program requirements. The Company received $0.5 million in the fourth quarter of 2011 for the reimbursable portion of the qualified recoverable expenditures through September 30, 2011, and the Company has a $2.4 million receivable for the reimbursable portion of the qualified recoverable expenditures through December 31, 2011. At December 31, 2011, the Company reduced its pledged account to $7.6 million. This escrow account is a non-interest bearing, fully insured account with its primary commercial bank.

Trade Accounts Receivable

The Company sells its services to residential and commercial end-users and to other communication carriers primarily in Virginia, West Virginia and in parts of Maryland, Pennsylvania, Ohio and Kentucky. The Company has credit and collection policies to maximize collection of trade receivables and requires deposits on certain sales. The Company maintains an allowance for doubtful accounts based on historical results, current and expected trends and changes in credit policies. Management believes the allowance adequately covers all anticipated losses with respect to trade receivables. Actual credit losses could differ from such estimates. The Company includes bad debt expense in customer operations expense in the consolidated statements of operations. Bad debt expense for the years ended December 31, 2011, 2010 and 2009 was $1.0 million, $0.3 million and $0.1 million, respectively. The Company's allowance for doubtful accounts was $2.8 million and $2.1 million as of December 31, 2011 and 2010, respectively.

Property, Plant and Equipment and Other Long-Lived Assets

Long-lived assets include property, plant and equipment, long-term deferred charges, goodwill and intangible assets to be held and used. Long-lived assets, excluding goodwill and intangible assets with indefinite useful lives, are recorded at cost and are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount should be evaluated pursuant to the subsequent measurement guidance described in Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 360-10-35. Impairment is determined by comparing the carrying value of these long-lived assets to management's best estimate of future undiscounted cash flows expected to result from the use of the assets. If the carrying value exceeds the estimated undiscounted cash flows, the excess of the asset's carrying value over the estimated fair value is recorded as an impairment charge.

Goodwill, franchise rights and radio spectrum licenses are indefinite-lived intangible assets. Indefinite-lived intangible assets are not subject to amortization but are instead tested for impairment annually or more frequently if an event indicates that the asset might be impaired. The Company policy is to assess the recoverability of indefinite-lived assets annually on October 1 and whenever adverse events or changes in circumstances indicate that impairment may have occurred.

The Company performed its impairment testing related to its RLEC and Competitive business segments' indefinite lived intangible assets, goodwill and long-lived assets, including these segments' amortizable intangible assets, as of October 1, 2011. However, a significant update was required on October 27, 2011 based on actions taken by the Federal Communications Commission ("FCC"). On this date, the FCC adopted, but did not release, an order comprehensively reforming its Universal Service Fund and intercarrier compensation systems. On November 18, 2011, the FCC released the order. In the order, the FCC determined that interstate and intrastate access charges, as well as local reciprocal compensation, should be eliminated entirely over time. The Company updated its future revenue and cash flow projections based on our understanding of the order at this time. In addition to this, actions were taken or we project will be taken by carriers relating to network interconnections and interconnection rates which had or are projected to have a significant impact to our future access revenues. In performing the impairment testing as of October 27, 2011, the Company's projections reflected estimations of all of the above factors.

The franchise rights in the RLEC reporting unit largely reflects the value associated with revenues generated from its customers (including other carriers with which the Company interconnects) and future customers based on being the incumbent local exchange carrier and tandem access provider in these rural markets. The Company utilized the Greenfield cash flow valuation method in its impairment testing for this asset. The Greenfield method is an income approach which isolates value to the specific assets being valued and then compares the values to the calculated enterprise value as a validity test. The method is based on a number of assumptions under a start-up scenario but considers the Company's future projects in modeling the operating results as the business matures.

The Company used a two-step process to test for goodwill impairment for its Competitive and RLEC business segments. Step one requires a determination of the fair value of each of the reporting units and, to the extent that the fair value of the reporting unit exceeds its carrying value (including goodwill), the step two calculation of implied fair value of goodwill is not required and no impairment loss is recognized. In testing for goodwill impairment, the Company utilizes a combination of a discounted cash flow model and an analysis which allocates enterprise value to the reporting units.

Based on its ASC 360-10-35 testing, the Company determined that both the goodwill on the RLEC segment and the RLEC franchise rights were fully impaired. Accordingly, the Company recorded a $65.4 million asset impairment charge ($53.0 million after tax), which is included in the line item "asset impairment charges" on the consolidated statement of operations for the year ended December 31, 2011. The Company determined that there was no impairment of the Competitive segment goodwill as the fair value of the reporting unit substantially exceeded its carrying value.

The Company performed recovery testing of its long-lived tangible and finite-lived intangible assets as of October 27, 2011 utilizing the methodology noted above in ASC 360-10-35. The Company passed step one of this recoverability testing and therefore, no further testing for impairment of these assets on either segment was considered necessary. However, on October 31, 2011, in connection with the Business Separation and the related transfer of all of the wireline assets in the tax-free exchange, the Company assessed the fair value of the asset groups transferred. To the extent that the carrying value of each of the asset groups exceeds their fair value, a pro-rata writedown of these assets is required. Although the RLEC segment assets passed the undiscounted cash flow recoverability test in ASC 360-10-35, the fair value of the RLEC segment assets was determined to be lower than the carrying value by $20.9 million ($12.7 million net of tax) and an impairment charge was recorded for the amount of this difference. The asset impairment charge is included in the line item "asset impairment charges" on the consolidated statement of operations for the year ended December 31, 2011. The allocation of this charge was as follows:

(In thousands) 2011

Property, Plant and Equipment $ 16,032

Customer Intangible 4,661

Trademark 164

Total impairment $ 20,857

The following table presents the activity in goodwill for the years ended December 31, 2011 and 2010.

2011 2010

Accumulated

Gross Impairment Net

(In thousands) Goodwill Loss Goodwill Goodwill

Beginning balance $ 133,735 $ - $ 133,735 $ 49,341

Excess of cash paid over value of tangible assets

acquired from the FiberNet business (Competitive

segment) - - - 84,394

Impairment of goodwill in the RLEC segment - (33,438 ) (33,438 ) -

Ending balance $ 133,735 $ (33,438 ) $ 100,297 $ 133,735

Depreciation of property, plant and equipment is calculated on a straight-line basis over the estimated useful lives of the assets, which the Company reviews and updates based on historical experiences and future expectations.

Intangibles with a finite life are classified as other intangibles on the consolidated balance sheets. At December 31, 2011 and 2010, other intangibles were comprised of the following:

2011 2010

Gross Accumulated Gross Accumulated

(Dollars in thousands) Estimated Life Amount Amortization Amount Amortization

Customer relationships 3 to 15 yrs $ 103,153 $ (59,286 ) $ 107,809 $ (45,186 )

Trademarks 0.5 to 15 yrs 3,186 (1,884 ) 3,350 (1,125 )

Non-compete agreement 2 yrs 1,100 (572 ) 1,100 (44 )

Total $ 107,439 $ (61,742 ) $ 112,259 $ (46,355 )

The Company amortizes its finite-lived intangible assets using the straight-line method unless it determines that another systematic method is more appropriate. The amortization for the FiberNet customer relationship intangible is being amortized using an accelerated amortization method based on the pattern of estimated earnings from these assets.

The estimated life of amortizable intangible assets is determined from the unique factors specific to each asset and the Company reviews and updates estimated lives based on current events and future expectations. The Company capitalizes costs incurred to renew or extend the term of a recognized intangible asset and amortizes such costs over the remaining life of the asset. No such costs were incurred during the years ended December 31, 2011, 2010 or 2009. Amortization expense for the years ended December 31, 2011, 2010 and 2009 was $15.4 million, $8.6 million and $7.4 million, respectively.

Amortization expense for the next five years is expected to be as follows:

Customer

(In thousands) Relationships Trademarks Non-Compete Total

2012 $ 10,450 $ 159 $ 528 $ 11,137

2013 9,664 159 - 9,823

2014 9,028 159 - 9,187

2015 4,647 159 - 4,806

2016 $ 2,416 $ 159 $ - $ 2,575

Accounting for Asset Retirement Obligations

An asset retirement obligation is evaluated and recorded as appropriate on assets for which the Company has a legal obligation to retire. The Company records a liability for an asset retirement obligation and the associated asset retirement cost at the time the underlying asset is acquired. Subsequent to the initial measurement of the asset retirement obligation, the obligation is adjusted at the end of each period to reflect the passage of time and changes in the estimated future cash flows underlying the obligation.

The Company enters into various facility co-location agreements and is subject to locality franchise ordinances. The Company constructs assets at these locations and, in accordance with the terms of many of these agreements, the Company is obligated to restore the premises to their original condition at the conclusion of the agreements, generally at the demand of the other party to these agreements. The Company recognizes the fair value of a liability for an asset retirement obligation and capitalizes that cost as part of the cost basis of the related asset, depreciating it over the useful life of the related asset.

Included in certain of the franchise ordinances under which the RLECs and CLECs operate are clauses that require the removal of the RLEC's and CLEC's equipment at the termination of the franchise agreement. The Company has not recognized an ARO for these liabilities as the removal of the equipment is not estimable due to an indeterminable end date and the fact that the equipment is part of the public switched telephone network and it is not reasonable to assume the jurisdictions would require its removal.

The following table indicates the changes to the Company's asset retirement obligation liability, which is included in other long-term liabilities, for the years ended December 31, 2011 and 2010:

(In thousands) 2011 2010

Asset retirement obligations, beginning $ 1,070 $ 865

Asset retirement obligations acquired from purchase of

FiberNet - 105

Additional asset retirement obligations recorded, net of

adjustments in estimates (72 ) 89

Accretion of asset retirement obligations 116 11

Asset retirement obligations, ending $ 1,114 $ 1,070

Deferred Financing Costs

The Company incurred and paid $4.9 million of issuance costs related to the $370 million post-Business Separation credit facility, which was funded on October 31, 2011. These costs were deferred and are being amortized over the life of the related debt instrument using the effective interest method (Note 5).

Advertising Costs

The Company expenses advertising costs and marketing production costs as incurred (included within customer operations expenses in the consolidated statements of operations). Advertising expense for the years ended December 31, 2011, 2010 and 2009 was $0.9 million, $0.5 million and $0.6 million, respectively.

Pension Benefits and Retirement Benefits Other Than Pensions

Prior to the Business Separation, Lumos Networks participated in several qualified and nonqualified pension plans and other postretirement benefit plans ("OPEBs") sponsored by NTELOS Inc. On the effective date of the Business Separation, Lumos Networks assumed its portion of the assets and liabilities for these pension benefits and OPEBs. Lumos Networks sponsors a non-contributory defined benefit pension plan ("Pension Plan") covering all employees who meet eligibility requirements and were employed by NTLEOS prior to October 1, 2003. The Pension Plan was closed to NTELOS employees hired on or after October 1, 2003. Pension benefits vest after five years of plan service and are based on years of service and an average of the five highest consecutive years of compensation subject to certain reductions if the employee retires before reaching age 65 and elects to receive the benefit prior to age 65.

Sections 412 and 430 of the Internal Revenue Code and ERISA Sections 302 and 303 establish minimum funding requirements for defined benefit pension plans. The minimum required contribution is generally equal to the target normal cost plus the shortfall amortization installments for the current plan year and each of the six preceding plan years less any calculated credit balance. If plan assets (less calculated credits) are equal to or exceed the funding target, the minimum required contribution is the target normal cost reduced by the excess funding, but not below zero. The Company's policy is to make contributions to stay at or above the threshold required in order to prevent benefit restrictions and related additional notice requirements and is intended to provide not only for benefits based on service to date, but also for those expected to be earned in the future. Also, Lumos Networks has nonqualified pension plans that are accounted for similar to its Pension Plan.

Lumos Networks provides certain health care and life benefits for retired employees that meet eligibility requirements. The Company has two qualified nonpension postretirement benefit plans. The health care plan is contributory, with participants' contributions adjusted annually. The life insurance plan is also contributory. These obligations, along with all of the pension plans and other post retirement benefit plans, are assumed by the Company. Eligibility for the life insurance plan is restricted to active pension participants age 50-64 as of January 5, 1994. Neither plan is eligible to employees hired after April 1993. The accounting for the plans anticipates that the Company will maintain a consistent level of cost sharing for the benefits with the retirees. The Company's share of the projected costs of benefits that will be paid after retirement is generally being accrued by charges to expense over the eligible employees' service periods to the dates they are fully eligible for benefits.

Lumos Networks sponsors a contributory defined contribution plan under Internal Revenue Code Section 401(k) for substantially all employees. In connection with the Business Separation, NTELOS transferred to the Company's 401(k) plan an amount equal to the account balances of the Company's employees and former employees in NTELOS's 401(k) plan. Each of the Company's participating employees was credited for all service accrued with NTELOS prior to such transfer for all purposes under the Company's 401(k) plan. The Company's policy is to match 100% of each participant's annual contributions for contributions up to 1% of each participant's annual compensation and 50% of each participant's annual contributions up to an additional 5% of each participant's annual compensation. Company contributions vest after two years of service.

Operating Leases

The Company has operating leases for administrative office space and equipment, certain of which have renewal options. These leases, with few exceptions, provide for automatic renewal options and escalations that are either fixed or based on the consumer price index. Any rent abatements, along with rent escalations, are included in the computation of rent expense calculated on a straight-line basis over the lease term. The Company's minimum lease term for most leases includes the initial non-cancelable term and at least one renewal period to the extent that the exercise of the related renewal option or options is reasonably assured. A renewal option or options is determined to be reasonably assured if failure to renew the leases imposes an in-substance economic penalty on the Company. Leasehold improvements are depreciated over the shorter of the assets' useful life or the lease term, including renewal option periods that are reasonably assured.

Income Taxes

Deferred income taxes are provided on an asset and liability method whereby deferred tax assets are recognized for deductible temporary differences and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company accrues interest and penalties related to unrecogn ized tax benefits in interest expense and income tax expense, respectively. Prior to the Business Separation, the Company's income taxes were included in the NTELOS consolidated federal income tax return and certain unitary or consolidated state income tax returns of NTELOS Holdings Corp. However, the Company's income taxes were calculated and provided for on an "as if separate" tax return basis.

Equity-based Compensation

The Company accounts for share-based employee compensation plans under FASB ASC 718, Stock Compensation. Equity-based compensation expense from share-based equity awards is recorded with an offsetting increase to additional paid-in capital on the consolidated balance sheet. For equity awards with only service conditions, the Company recognizes compensation cost on a straight-line basis over the requisite service period for the entire award.

Equity awards prior to the Business Separation were granted in NTELOS stock instruments and the related expense was allocated to the Company. Unvested NTELOS stock instruments were converted to commensurate Lumos Networks stock instruments in connection with and at the time of the Business Separation. The fair value of the common stock options granted during the years ended December 31, 2011, 2010 and 2009 was estimated at the respective measurement date using the Black-Scholes option-pricing model with assumptions related to risk-free interest rate, expected volatility, dividend yield and expected terms.

Total equity-based compensation expense related to all of the share-based awards (Note 8) for the years ended December 31, 2011, 2010 and 2009 and the Company's 401(k) matching contributions was allocated as follows:

(In thousands) 2011 2010 2009

Cost of sales and services $ 314 $ 230 $ 148

Customer operations 419 297 143

Corporate operations 1,650 1,002 503

Equity-based compensation expense $ 2,383 $ 1,529 $ 794

Future charges for equity-based compensation related to instruments outstanding at December 31, 2011 for the years 2012 through 2015 are estimated to be $2.1 million, $1.3 million, $0.4 million and $0.1 million, respectively.

Pro Forma Earnings per Share (Unaudited)

The Company computes pro forma earnings per share based on the weighted number of shares of common stock and dilutive potential common share equivalents outstanding. Prior to the Business Separation, the Company did not have any common stock outstanding and therefore, pro forma earnings per share is calculated based on the two month post-Business Separation period beginning November 1, 2011 and ending December 31, 2011 for 2011 and is not applicable for prior years.

Recent Accounting Pronouncements

In June 2011, the FASB issued Accounting Standards Update ("ASU") 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. This ASU increases the prominence of other comprehensive income in financial statements. Under this ASU, an entity will have the option to present the components of net income and comprehensive income in either one or two consecutive financial statements. The ASU eliminates the option in U.S. GAAP to present other comprehensive income in the statement of changes in equity. An entity should apply this ASU retrospectively. This ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted. The Company will apply the requirements of this ASU to its financial statements for the fiscal year beginning January 1, 2012.

X

- Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18743-107790

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18854-107790

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

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 22

-Paragraph 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 FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18861-107790

Reference 5: 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 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18726-107790

+ Details

Name: us-gaap_SignificantAccountingPoliciesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 37 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6

Pension Plans And Other Postretirement Benefits
12 Months Ended

Dec. 31, 2011

Pension Plans And Other Postretirement Benefits [Abstract]

Pension Plans And Other Postretirement Benefits

Note 11. Pension Plans and Other Postretirement Benefits

Prior to the Business Separation, a substantial number of the Company's employees were covered by several qualified and nonqualified pension plans and other postretirement benefit plans ("OPEBs") sponsored by NTELOS Inc. Accordingly, the Company was allocated net periodic benefit costs relating to individuals that could be identified as directly supporting the Company. Concurrent with the Business Separation, the Company established its own qualified and nonqualified pension plans and OPEBs for its employees. The Company initially measured the plan as of October 31, 2011 based on actual plan assets transferred to the Company effective upon the Business Separation and the actual plan participants and their respective accrued benefits. In addition to the transfer of the assets and obligations from these plans, the related unrealized actuarial losses from these plans as determined on the October 31, 2011 measurement date was transferred from NTELOS.

The Company's total expense recognized for all qualified and nonqualified pension and OPEBs plans discussed below, including those expenses allocated to it prior to the Business Separation, were $2.8 million, $2.4 million and $3.5 million in 2011, 2010 and 2009, respectively.

The following tables provide a reconciliation of the changes in the qualified plans' benefit obligations and fair value of assets and a statement of the funded status as of December 31, 2011 and the classification of amounts recognized in the consolidated balance sheets:

Defined Other

Benefit Postretirement

Pension Plan Benefit Plans

December 31,

(In thousands) 2011

Change in benefit obligations:

Benefit obligations, October 31, 2011 $ 60,181 $ 12,157

Service cost 312 12

Interest cost 451 91

Actuarial loss 3,528 318

Benefits paid, net (411 ) (67 )

Benefit obligations, end of period 64,061 12,511

Change in plan assets:

Fair value of plan assets, October 31, 2011 $ 45,531 -

Actual return on plan assets (11 ) -

Employer contributions - 67

Benefits paid (411 ) (67 )

Fair value of plan assets, end of period $ 45,109 -

Funded status:

Total liability, end of period $ 18,952 $ 12,511

The accumulated benefit obligation for the defined benefit pension plan at December 31, 2011 and October 31, 2011 was $56.5 million and $53.3 million, respectively. The accumulated benefit obligation represents the present value of pension benefits based on service and salary earned to date. The benefit obligation indicated in the table above is the projected benefit obligation which represents the present value of pension benefits taking into account projected future service and salary increases. The Company has classified the projected amount to be paid in 2012 of $1.0 million related to the other postretirement benefit plans and the nonqualified pension plans (discussed below) in current liabilities under the caption "other accrued liabilities" on the Company's consolidated balance sheets at December 31, 2011.

The following table provides the components of net periodic benefit cost for the plans for the period November 1, 2011 to December 31, 2011:

Other

Defined Benefit Postretirement

(In thousands) Pension Plan Benefit Plans

Components of net periodic benefit cost:

Service cost $ 312 $ 12

Interest cost 452 91

Expected return on plan assets (572 ) -

Amortization of actuarial loss 197 -

Net periodic benefit cost $ 389 $ 103

Prior service costs are amortized on a straight-line basis over the average remaining service period of active participants. Gains and losses in excess of 10% of the greater of the benefit obligation and the market-related value of assets are amortized over the average remaining service period of active participants.

Unrecognized actuarial losses for the period November 1, 2011 through December 31, 2011 were $4.1 million and $0.3 million for the defined benefit pension plan and the other postretirement benefit plans, respectively. The total amount of unrecognized actuarial losses recorded in accumulated other comprehensive income at December 31, 2011 related to these respective plans was $14.4 million, net of a $9.2 million deferred tax asset, and $0.8 million, net of a $0.5 million deferred tax asset.

The assumptions used in the measurements of the Company's benefit obligations at December 31, 2011 and October 31, 2011 are shown in the following table:

Defined Benefit Pension Plan Other Postretirement Benefit

Plans

December 31, October 31, December 31, October 31,

2011 2011 2011 2011

Discount rate 4.30 % 4.60 % 4.30 % 4.60 %

Rate of compensation increase 3.00 % 3.00 % N/A N/A

The assumptions used in the measurements of the Company's net cost for the consolidated statement of operations for the period November 1, 2011 through December 31, 2011 are:

Other

Defined Benefit Postretirement

Pension Plan Benefit Plans

Discount rate 4.60 % 4.60 %

Expected return on plan assets 7.75 % N/A

Rate of compensation increase 3.00 % N/A

The Company reviews the assumptions noted in the above table annually or more frequently to reflect anticipated future changes in the underlying economic factors used to determine these assumptions. The discount rates assumed reflect the rate at which the Company could invest in high quality corporate bonds in order to settle future obligations. In doing so, the Company utilizes a Citigroup Pension Discount Curve applied against the Company's estimated defined benefit payments to derive a blended rate. The Citigroup Pension Discount Curve is derived from over 350 Aa corporate bonds. The Company also compares this to a Moody's ten year Aa bond index for reasonableness.

For measurement purposes, an 7.5% annual rate of increase in the per capita cost of covered health care benefits was assumed for 2012 for the obligation as of December 31, 2011. The rate was assumed to decrease one-half percent per year to a rate of 5.0% for 2017 and remain at that level thereafter.

Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plans. The effect of a 1% change on the medical trend rate per future year, while holding all other assumptions constant, to the service and interest cost components of net periodic postretirement health care benefit costs and accumulated postretirement benefit obligation would be a $0.1 million increase and a $1.8 million increase, respectively, for a 1% increase in medical trend rate and a $0.1 million decrease and a $1.4 million decrease, respectively, for a 1% decrease in medical trend rate.

In developing the expected long-term rate of return assumption for the assets of the Defined Benefit Pension Plan, the Company evaluated input from its third party pension plan asset managers, including their review of asset class return expectations and long-term inflation assumptions. The Company also considered the related historical ten-year average asset return at December 31, 2011 as well as considering input from the Company's third party pension plan asset managers.

The weighted average actual asset allocations by asset category as of December 31, 2011 and the fair value by asset category as of December 31, 2011 and 2010 were as follows:

As of December 31, 2011

Actual

Asset Category (dollars in thousands) Allocation Fair Value

Large Cap Value 34 % $ 15,088

Large Cap Blend 17 % 7,536

Mid Cap Blend 6 % 2,846

Small Cap Blend 4 % 1,896

Foreign Stock - Large Cap 7 % 3,040

Bond 29 % 13,281

Cash and cash equivalents 3 % 1,422

Total 100 % $ 45,109

The actual and target allocation for plan assets is broadly defined and measured as follows:

Actual Target

Asset Category Allocation Allocation

Equity securities 67 % 70 %

Bond securities and cash equivalents 33 % 30 %

Total 100 % 100 %

It is the Company's policy to invest pension plan assets in a diversified portfolio consisting of an array of asset classes. The investment risk of the assets is limited by appropriate diversification both within and between asset classes. The assets are primarily invested in investment funds that invest in a broad mix of publicly traded equities, bonds and cash equivalents (and fair value is based on quoted market prices ("level 1" input)). The allocation between equity and bonds is reset quarterly to the target allocations. Updates to the allocation are considered in the normal course and changes may be made when appropriate. The bond holdings consist of three bond funds split relatively evenly between these funds at December 31, 2011. At December 31, 2011, the Company believes that there are no material concentrations of risk within the portfolio of plan assets.

The assumed long term return noted above is the target long term return. Overall return, risk adjusted return, and management fees are assessed against a peer group and benchmark indices. Reporting on asset performance is provided quarterly and review meetings are held semi-annually. In addition to normal rebalancing to maintain an adequate cash reserve, projected cash flow needs of the plan are reviewed at least annually to ensure liquidity is properly managed.

The Company expects to contribute $2.0 million to the pension plan in the first quarter of 2012. The Company expects the net periodic benefit cost for the defined benefit pension plan and the other postretirement benefit plans in 2012 to be $2.7 million (which includes $1.5 million of loss in other comprehensive income expected to be recognized as a component of net period benefit cost) and $0.6 million, respectively.

The following estimated future pension benefit payments and other postretirement benefit plan payments which reflect expected future service, as appropriate, are expected to be paid in the years indicated:

(In thousands) Other

Defined Benefit Postretirement

Year Pension Plan Benefit Plans

2012 $ 2,611 $ 603

2013 2,619 585

2014 2,640 584

2015 2,745 581

2016 2,963 611

2017-2021 $ 16,879 $ 3,332

Other Benefit Plans

In connection with the Business Separation, NTELOS transferred benefit obligations of $2.5 million related to the Company's employees or former employees into a new supplemental executive retirement plan. In addition, the transfer of the benefit obligation triggered the transfer of a gross unrealized loss of $1.0 million. The projected benefit obligation and the accumulated benefit obligation associated with this plan at December 31, 2011were $4.3 million and $2.5 million, respectively. The Company recognized $0.2 million of expense from previously unrecognized loss related to the supplemental executive retirement plan during the period November 1, 2011 through December 31, 2011. The total balance of unrecognized actuarial losses recorded in accumulated other comprehensive income at December 31, 2011 related to this plan was $1.6 million, net of a $1.0 million deferred tax asset. The estimated future benefit payments, which reflect expected future service, as appropriate, are expected to be $0.1 million annually for each of the years 2012 through 2016 and $1.6 million in aggregate for the years 2017 through 2021.

The Company also has certain other nonqualified defined benefit pension plans assumed from a prior merger. The projected benefit obligation related to these plans at December 31, 2011 was $0.9 million, with expected future payments of $0.4 million in 2012 and 2013 and $0.1 million or less thereafter. These nonqualified plans have no plan assets and are also closed to new participants.

The Company also sponsors a defined contribution 401(k) plan. The Company's matching contributions to this plan were $0.7 million, $0.5 million and $0.5 million for the year ended December 31, 2011, 2010 and 2009, respectively. Effective June 1, 2009, the Company began funding its 401(k) matching contributions in shares of the Company's common stock (NTELOS common stock prior to the Business Separation).

X

- Details

Name: us-gaap_CompensationAndRetirementDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-URI http://asc.fasb.org/topic&trid=2235017

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 87

-Paragraph 264

-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 158

-Paragraph 7, 21, 22

-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 132R

-Paragraph 5

-Subparagraph 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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS106-2

-Paragraph 20, 21, 22

-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 Implementation Guide (Q and A)

-Number FAS88

-Paragraph 63

-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 Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph h

-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 AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 30

-Paragraph 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 Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph a

-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 Emerging Issues Task Force (EITF)

-Number 03-2

-Paragraph 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 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 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 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 8

-Subparagraph m

-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 132R

-Paragraph 5

-Subparagraph q

-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 106

-Paragraph 518

-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_PensionAndOtherPostretirementBenefitsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 38 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6

Financial Instruments
12 Months Ended

Dec. 31, 2011

Financial Instruments [Abstract]

Financial Instruments

Note 7. Financial Instruments

The Company is exposed to market risks with respect to certain of the financial instruments that it holds. Cash, accounts receivable, accounts payable and accrued liabilities are reflected in the consolidated financial statements at cost which approximates fair value because of the short-term maturity of these instruments. There is no market for the senior credit facility and the capital lease obligations so fair value is assumed to equal carrying value in the table below. The fair values of other financial instruments, if applicable, are based on quoted market prices or discounted cash flows based on current market conditions. The following is a summary by balance sheet category: The following table indicates the difference between face amount, carrying amount and fair value of the Company's financial instruments at December 31, 2011 and 2010.

Financial Instruments Face Carrying Fair

(In thousands) Amount Amount Value

December 31, 2011

Financial assets:

Cash $ 10,547 $ 10,547 $ 10,547

Long-term investments for which it is not

practicable to estimate fair value N/A 128 N/A

Financial liabilities for which it is not practicable

to estimate fair value:

Senior credit facility 324,500 324,500 324,500

Capital lease obligations $ 2,076 $ 2,076 $ 2,076

December 31, 2010

Financial assets :

Cash $ 489 $ 489 $ 489

Financial liabilities for which it is not practicable to

estimate fair value:

Capital lease obligations $ 2,105 $ 2,105 $ 2,105

Of the long-term investments for which it is not practicable to estimate fair value in the table above, $0.1 million as of December 31, 2011 represents the Company's investment in CoBank. This investment is primarily related to patronage distributions of restricted equity and is a required investment related to the portion of the credit facility loan held by CoBank. This investment is carried under the cost method.

Under the terms of our Credit Facility, the Company was required to enter into an interest rate hedge for three years on 50% of the term loans outstanding (approximately $155 million at December 31, 2011) early in the first quarter of 2012. In February 2012, the Company entered into a 3% interest rate CAP through December 31, 2012 and a delayed interest rate swap agreement from December 31, 2012 through December 31, 2015 whereby the Company swaps three-month LIBOR with a fixed rate of approximately 0.8%.

X

- Details

Name: us-gaap_FairValueDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- 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

Name: us-gaap_FairValueDisclosuresTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 39 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6

Long-Term Debt
12 Months Ended

Dec. 31, 2011

Long-Term Debt [Abstract]

Long-Term Debt

Note 5. Long-Term Debt

As of December 31, 2011 and 2010, the Company's outstanding long-term debt consisted of the following:

(In thousands) 2011 2010

Credit facility $ 324,500 $ -

Long-term obligation to NTELOS Inc. - 178,616

Capital lease obligations 2,076 2,105

326,576 180,721

Less: current portion of long term debt 2,679 688

$ 323,897 $ 180,033

Credit Facility

On September 8, 2011, Lumos Networks Operating Company, a wholly-owned subsidiary of Lumos Networks, entered into a $370 million post-Business Separation credit facility (the "Credit Facility"). Funding under the Credit Facility occurred upon the effective date of the Business Separation, which was October 31, 2011. The Credit Facility consists of a $60 million senior secured five year revolving credit facility (the "Revolver"), $15 million of which was outstanding as of December 31, 2011; a $110 million senior secured five year amortizing term loan (the "Term Loan A"); and a $200 million senior secured six year amortizing term loan (the "Term Loan B"). The proceeds of the Credit Facility were made available to Lumos Networks Operating Company on the effective date of the Business Separation and were used to fund a working capital cash reserve at Lumos Networks and to pay $315 million to NTELOS Inc. (i) to settle with cash the intercompany debt owed to NTELOS as of the Business Separation date ($177.1 million) and, with the balance, (ii) to fund a mandatory repayment on NTELOS's credit facility resulting from the Business Separation. Pricing of the Lumos Networks Operating Company credit facility is LIBOR plus 3.25% for the Revolver and the Term Loan A and LIBOR plus 3.50% for the Term Loan B. The Credit Facility does not require a minimum LIBOR rate. The Credit Facility is secured by a first priority pledge of substantially all property and assets of Lumos Networks Operating Company and all material subsidiaries, as guarantors, excluding the RLECs.

The Credit Facility includes various restrictions and conditions, including covenants relating to leverage and interest coverage ratio requirements. At December 31, 2011, Lumos Networks' leverage ratio (as defined under the credit agreement) was 3.40:1.00 and its interest coverage ratio was 8.10:1.00. The Credit Facility requires that the leverage ratio not exceed 4.00:1.00 through September 30, 2014 (and 3.75:1.00 thereafter) and the interest coverage ratio not be less than 3.25:1:00. The Credit Facility also sets a maximum distributable amount that limits restricted payments, including the payment of dividends. The initial distributable amount was set at $5 million at the date of funding and, on January 1, 2012, the distributable amount was increased by $12 million. For each year thereafter the amount will be increased by the greater of $12 million or 75% of free cash flow (as defined under the credit agreement). The distributable amount is reduced by any restricted payments including dividend payments. The distributable amount as of December 31, 2011 was $5 million.

In connection with entering into the Credit Facility, the Company has deferred $4.9 million in debt issuance costs which are being amortized to interest expense over the life of the debt using the effective interest method. Amortization of these costs for the year ended December 31, 2011 was $0.1 million.

The aggregate maturities of the Term Loan A and Term Loan B are $2.0 million in 2012, $7.5 million in 2013, $7.5 million in 2014, $13.0 million in 2015, $90.0 million in 2016 and $189.5 million in 2017. The revolver is payable in full in 2016.

The Company's blended average interest rate on its long-term debt for the year ended December 31, 2011 was 5.4%.

Long-term obligation to NTELOS Inc.

Prior to the Business Separation, NTELOS Inc. used a centralized cash management program, where NTELOS Inc. held a majority of the cash for NTELOS Holdings Corp. and its subsidiaries, inclusive of the subsidiaries that now comprise Lumos Networks. NTELOS Inc. funded the majority of cash disbursements and received the majority of cash receipts for all of its subsidiaries. Cash received by NTELOS Inc. and payments made by NTELOS Inc. which related to Lumos Networks were accounted for by the Company as securities and investments or long-term borrowings as appropriate and bore interest at a rate that was substantially equal to NTELOS Inc.'s weighted average interest rate from its total debt, excluding the effect of debt issuance cost and original issue discount amortization. This weighted average interest rate was approximately 3.6% and 5.3% for the year ended December 31, 2011 and 2010, respectively. The long-term obligation to NTELOS Inc. as of December 31, 2010 primarily represents the $162.5 million cash consideration paid for the acquisition of FiberNet on December 1, 2010 and the approximate $27 million cash consideration paid for the Allegheny asset acquisition on December 31, 2009. The Company used the proceeds from its post-Business Separation Credit Facility (described above) to make a payment of $315 million to NTELOS Inc. to satisfy its obligation to NTELOS Inc. at the consummation of the Business Separation.

Capital lease obligations

In addition to the long-term debt discussed above, the Company has entered into capital leases on vehicles with original lease terms of four to five years. At December 31, 2011, the carrying value and accumulated depreciation of these assets was $2.5 million and $1.0 million, respectively. In addition, the Company has $0.8 million of capital leases primarily on telephony equipment from the FiberNet acquisition. As of December 31, 2011, the total net present value of the Company's future minimum lease payments is $2.1 million. As of December 31, 2011, the principal portion of these capital lease obligations is due as follows: $0.6 million in 2012, $0.6 million in 2013, $0.4 million in 2014, $0.3 million in 2015 and $0.2 million thereafter.

X

- Details

Name: us-gaap_DebtDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for long-term debt.

+ 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_LongTermDebtTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 40 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6

Supplementary Disclosures Of Cash Flow Information
12 Months Ended

Dec. 31, 2011

Supplementary Disclosures Of Cash Flow Information [Abstract]

Supplementary Disclosures Of Cash Flow Information

Note 6. Supplementary Disclosures of Cash Flow Information

The following information is presented as supplementary disclosures for the consolidated statements of cash flows for the years ended December 31, 2011, 2010 and 2009:

(In thousands) 2011 2010 2009

Cash payments for:

Interest (net of amounts capitalized) $ 2,261 $ 29 $ 28

Income taxes 87 263 94

Supplemental investing and financing

activities:

Additions to property and equipment

included in accounts payable and

other accrued liabilities 2,900 2,492 588

Borrowings under capital leases 990 498 328

Dividend paid through increase in

borrowings from NTELOS Inc. 14,145 29,240 31,655

Dividend declared not paid $ 2,980 $ - $ -

The amount of interest capitalized was less than $0.1 million in the year ended December 31, 2011 and was $0.1 million in each of the years ended December 31, 2010 and 2009.

The net assets acquired by Lumos Networks in the Business Separation were effectively settled with the $315 million cash payment from Lumos Networks to NTELOS on October 31, 2011 (Note 1). Of this payment, $177.1 million represented the payoff of intercompany debt owed to NTELOS which was generated from the pre-Business Separation centralized cash management system (Note 2) and the transfer of assets and liabilities between NTELOS and the subsidiaries of NTELOS that now comprise Lumos Networks.

X

- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 32

-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 230

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4313-108586

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586

+ Details

Name: us-gaap_CashFlowSupplementalDisclosuresTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_SupplementalCashFlowInformationAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 41 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6

Stockholders' Equity
12 Months Ended

Dec. 31, 2011

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 8. Stockholders' Equity

On February 23, 2012, the Company's board of directors declared a quarterly dividend on its common stock in the amount of $0.14 per share, which is to be paid on April 12, 2012 to stockholders of record on March 14, 2012.

Prior to the Business Separation, the Company did not have any common stock outstanding. As such, basic earnings per share for the year ended December 31, 2011 is computed on a pro forma basis by dividing net loss by the weighted average number of common shares outstanding during the two month post-Business Separation period beginning November 1, 2011 and ending December 31, 2011, as if such shares had been outstanding for the entire year. Diluted earnings per share is calculated in a similar manner, but includes the dilutive effect of actual stock options and restricted shares outstanding as of December 31, 2011. Since these securities are anti-dilutive, they are excluded from the calculation of earnings per share at December 31, 2011.

The computations of pro forma basic and diluted loss per share for the year ended December 31, 2011 is as follows (Unaudited):

(In thousands) 2011

Numerator:

Loss applicable to common shares for earnings-per-share computation $ (43,930 )

Denominator:

Total shares outstanding 21,170

Less: unvested shares (352 )

Less: effect of calculating weighted average shares (3 )

Denominator for basic earnings per common share - weighted average shares

outstanding 20,815

Plus: weighted average unvested shares -

Plus: common stock equivalents of stock options exercised -

Denominator for diluted earnings per common share – weighted average shares

outstanding 20,815

For the year ended December 31, 2011, the denominator for diluted loss per common share is equal to the denominator for basic loss per common share because the addition of unvested shares or other common stock equivalents would be anti-dilutive (416 at December 31, 2011).

X

- Details

Name: us-gaap_StockholdersEquityNoteAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- 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

Name: us-gaap_StockholdersEquityNoteDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 42 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6

Related Party Transactions
12 Months Ended

Dec. 31, 2011

Related Party Transactions [Abstract]

Related Party Transactions

Note 13. Related Party Transactions

Prior to the Business Separation, NTELOS Inc. provided a variety of administrative services to Lumos Networks. Costs of these services were allocated or charged to the Company based on either the actual costs incurred or NTELOS Inc.'s estimate of expenses relative to the services provided to other subsidiaries of NTELOS Inc. The Company believes that these allocations were made on a reasonable basis, and that receiving these services from NTELOS Inc. created cost efficiencies. Lumos Networks management believes that all historical costs of operations have been reflected in the consolidated statements of operations for each period presented, but these costs do not reflect the amount of actual costs the Company would have incurred had it been an independent, publicly traded company prior to October 31, 2011. These services and transactions included the following:

Cash management and other treasury services;

Administrative services such as legal, regulatory, tax, employee benefit administration, internal audit, purchasing, accounting, information technology and human resources;

Network monitoring;

Executive oversight;

Equity-based compensation plan administration; and

Insurance coverage.

Banking and Treasury Functions

Prior to the Business Separation, NTELOS Inc. provided cash management and treasury services to the Company. This arrangement provided efficient avenues for liquidity in a structure that minimized or eliminated currency risk to the Company. Interest was charged by both parties based on NTELOS Inc.'s long term debt weighted average borrowing rate excluding the effect of debt issuance cost and original issue discount amortization and was reflected in interest expense on the consolidated statements of operations for the Company. The amount of interest expense related to this arrangement for the period January 1, 2011 through October 31, 2011 and for the years ended December 31, 2010 and 2009 was $9.5 million, $4.9 million and $1.4 million, respectively.

Allocation of General and Administrative Corporate Expenses

Expenses relating to services provided to the Company by NTELOS Inc. prior to the Business Separation have been allocated to the Company and are reflected in the consolidated financial statements. These services include treasury, accounting, tax, legal, internal audit, human resources, general management, insurance, risk management and other functions such as board of directors and other centrally managed employee benefit arrangements that benefitted the Company's business. The allocations of costs were estimated based on NTELOS Inc.'s employees' percentage of time spent on Lumos Networks matters. The costs that NTELOS Inc. allocated include overhead and other indirect costs. The Company has recorded allocated costs of $7.3 million, $8.0 million and $7.7 million on its consolidated statements of operations for the period January 1, 2011 through October 31, 2011 and for the year ended December 31, 2010 and 2009, respectively, inclusive of certain corporate expenses which were not previously allocated to the segments (Note 2). Additionally, $2.8 million of FiberNet acquisition related costs were allocated to the Company in 2010.

Equity-Based Compensation Plan Administration

Prior to the Business Separation, Lumos Networks employees participated in the NTELOS Inc. equity incentive plans. NTELOS Inc. has two equity incentive plans administered by the Compensation Committee of NTELOS Holdings Corp's board of directors, which permit the grant of long-term incentives to employees, including stock options, stock appreciation rights, restricted stock awards, restricted stock units, incentive awards, other stock-based awards and dividend equivalents.

Total equity-based compensation expense related to all of the share-based awards granted to employees of Lumos Networks and allocated from NTELOS Inc. and NTELOS Inc.'s 401(k) matching contributions for employees of Lumos Networks totaled $2.4 million, $1.5 million and $0.8 million for the years ended December 31, 2011, 2010 and 2009, respectively.

X

- Details

Name: us-gaap_RelatedPartyTransactionsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: 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.(k))

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

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 3A

-Section 04

-Paragraph b

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 57

-Paragraph 1-4

-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 850

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 4

-Section 08

-Paragraph k

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 850

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

+ Details

Name: us-gaap_RelatedPartyTransactionsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 43 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6

Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Cash flows from operating activities

Net (loss) income $ (43,878) $ 20,943 $ 23,397

Adjustments to reconcile net (loss) income to net cash provided by operating activities:

Depreciation 27,703 22,738 21,239

Amortization 15,387 8,627 7,402

Accretion of asset retirement obligations 116 11 78

Asset impairment charges 86,295

Deferred income taxes (8,110) 3,463 3,646

Equity-based compensation expense 2,383 1,529 794

Amortization of loan origination costs 132

Retirement benefits and other (3,594) (2,156) (2,551)

Changes in assets and liabilities from operations:

(Increase) decrease in accounts receivable (2,082) 1,175 237

Decrease (increase) in other current assets 297 (320) (162)

Changes in income taxes 3,727 593 100

Increase in accounts payable 425 901 79

Increase in other current liabilities 4,572 1,473 130

Retirement benefit contributions and distributions (465)

Net cash provided by operating activities 82,908 58,977 54,389

Cash flows from investing activities

Purchases of property, plant and equipment (61,536) (40,254) (37,011)

Purchase of FiberNet, net of cash acquired of $221 and working capital and other adjustments of $6,440 (162,283)

Acquisition of assets from Allegheny Energy, Inc. (26,708)

Pledged deposit for Rural Utilities Service grant (8,062)

Return of pledged deposit for Rural Utilities Service grant 508

Cash reimbursement received from Rural Utilities Service grant 508

Other (2,248) (692)

Net cash used in investing activities (62,768) (211,291) (63,719)

Cash flows from financing activities

Proceeds from issuance of long-term debt 310,000

Proceeds from issuance of revolving credit facility 30,000

Payment of debt issuance costs (4,854)

Cash paid to NTELOS Inc. associated with the Business Separation (315,000)

Payments on senior secured term loans (500)

Payments on revolving credit facility (15,000)

(Payment to) borrowings from NTELOS Inc., net (14,357) 153,106 9,737

Capital distributions to noncontrolling interests (184)

Payments under capital lease obligations (317) (306) (223)

Other (54)

Net cash (used in) provided by financing activities (10,082) 152,800 9,330

Increase in cash 10,058 486

Cash:

Beginning of year 489 3 3

End of year $ 10,547 $ 489 $ 3

X

- Definition

Amortization of loan origination costs.

+ References

No definition available.

+ Details

Name: cik0001520744_AmortizationOfLoanOriginationCosts

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Cash reimbursement received from rural utilities service grant.

+ References

No definition available.

+ Details

Name: cik0001520744_CashReimbursementReceivedFromRuralUtilitiesServiceGrant

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Changes in income taxes

+ References

No definition available.

+ Details

Name: cik0001520744_ChangesInIncomeTaxes

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Pledged deposit for rural utilities service grants.

+ References

No definition available.

+ Details

Name: cik0001520744_PledgedDepositForRuralUtilitiesServiceGrants

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

Return of pledged deposit for rural utilities service grant.

+ References

No definition available.

+ Details

Name: cik0001520744_ReturnOfPledgedDepositForRuralUtilitiesServiceGrant

Namespace Prefix: cik0001520744_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-Subparagraph (a)(2)

-URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph a(2)

-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 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274

+ Details

Name: us-gaap_AmortizationOfIntangibleAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 45

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6390789&loc=d3e2420-110228

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 45, 46, 47

-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 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

+ Details

Name: us-gaap_AssetImpairmentCharges

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 410

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (c)(3)

-URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 143

-Paragraph 13, 14

-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 143

-Paragraph 22

-Subparagraph c(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 410

-SubTopic 20

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6392676&loc=d3e7480-110848

+ Details

Name: us-gaap_AssetRetirementObligationAccretionExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

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

- Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValueAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 24

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3521-108585

+ Details

Name: us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: duration

X

- Definition

The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Deferred Tax Expense (or Benefit)

-URI http://asc.fasb.org/extlink&oid=6510177

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

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

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 6

-Section I

-Subsection 7

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 45

-Subparagraph 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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 289

-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 Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-Subparagraph (b)

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

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

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SAB TOPIC 6.I.7)

-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330036-122817

+ Details

Name: us-gaap_DeferredIncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

-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 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

+ Details

Name: us-gaap_Depreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The increase (decrease) during the reporting period in the aggregate amount 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.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInAccountsPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInAccountsReceivable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: us-gaap_IncreaseDecreaseInOperatingCapitalAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The increase (decrease) during the reporting period in other current operating assets not separately disclosed in the statement of cash flows.

+ References

No definition available.

+ Details

Name: us-gaap_IncreaseDecreaseInOtherCurrentAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The increase (decrease) during the reporting period in other current operating liabilities not separately disclosed in the statement of cash flows.

+ References

No definition available.

+ Details

Name: us-gaap_IncreaseDecreaseInOtherCurrentLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The increase (decrease) during the reporting period in the amount due to fund pension and non-pension benefits to employees, retired and disabled former employees.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The net cash inflow or outflow from financing activity for the period.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 24

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3521-108585

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 26

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3574-108585

+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The net cash inflow or outflow from investing activity.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 24

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3521-108585

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 26

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3574-108585

+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 24

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3521-108585

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 25

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3536-108585

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

+ Details

Name: us-gaap_OtherNoncashIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3095-108585

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

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

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Investing Activities

-URI http://asc.fasb.org/extlink&oid=6516133

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3098-108585

+ Details

Name: us-gaap_PaymentsForProceedsFromOtherInvestingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt.

+ References

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

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 95-13

-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 230

-SubTopic 10

-Section 45

-Paragraph 15

-Subparagraph (e)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3291-108585

+ Details

Name: us-gaap_PaymentsOfDebtIssuanceCosts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The cash outflow for the return on capital for noncontrolled interest in the entity.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 15

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3291-108585

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 18

-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 95

-Paragraph 20

-Subparagraph a

-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

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

+ Details

Name: us-gaap_PaymentsOfDividendsMinorityInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 15, 17

-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

-Glossary Investing Activities

-URI http://asc.fasb.org/extlink&oid=6516133

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 13

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3213-108585

+ Details

Name: us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 13

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3213-108585

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 17

-Subparagraph 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 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Investing Activities

-URI http://asc.fasb.org/extlink&oid=6516133

+ Details

Name: us-gaap_PaymentsToAcquireProductiveAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 13

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3213-108585

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 17

-Subparagraph 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 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Investing Activities

-URI http://asc.fasb.org/extlink&oid=6516133

+ Details

Name: us-gaap_PaymentsToAcquirePropertyPlantAndEquipment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The cash inflow from an entity that is affiliated with the entity by means of direct or indirect ownership.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 18

-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 230

-SubTopic 10

-Section 45

-Paragraph 14

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3255-108585

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

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

+ Details

Name: us-gaap_ProceedsFromContributionsFromAffiliates

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer).

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 14

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3255-108585

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 18

-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 95

-Paragraph 19

-Subparagraph 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 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

+ Details

Name: us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3095-108585

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 18, 19, 20

-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

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3098-108585

+ Details

Name: us-gaap_ProceedsFromPaymentsForOtherFinancingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets).

+ References

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

-Name Accounting Standards Codification

-Publisher FASB

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 9

-Subparagraph c

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3098-108585

+ Details

Name: us-gaap_ProceedsFromRepaymentsOfLinesOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4J

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591551-111686

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-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 AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A1, A4, A5

-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 AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 29

-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 810

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (a),(c)

-URI http://asc.fasb.org/extlink&oid=6921930&loc=SL4573702-111684

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 55

-Paragraph 4K

-URI http://asc.fasb.org/extlink&oid=6922042&loc=SL4591552-111686

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

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 5

-Subparagraph 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 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=6921628&loc=SL4569616-111683

+ Details

Name: us-gaap_ProfitLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The cash outflow to pay off an obligation from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 15

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3291-108585

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 18

-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 95

-Paragraph 20

-Subparagraph 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 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

+ Details

Name: us-gaap_RepaymentsOfLinesOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The cash outflow for the obligation for a lease meeting the criteria for capitalization (with maturities exceeding one year or beyond the operating cycle of the entity, if longer).

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 26, 31

-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 230

-SubTopic 10

-Section 45

-Paragraph 15

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3291-108585

+ Details

Name: us-gaap_RepaymentsOfLongTermCapitalLeaseObligations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The cash outflow for the payment of other borrowing not otherwise defined in the taxonomy.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 15

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3291-108585

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 18

-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 95

-Paragraph 20

-Subparagraph 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 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

+ Details

Name: us-gaap_RepaymentsOfOtherDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 15

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3291-108585

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 18

-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 95

-Paragraph 20

-Subparagraph 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 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

+ Details

Name: us-gaap_RepaymentsOfSecuredDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition

The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

+ Details

Name: us-gaap_ShareBasedCompensation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

XML 44 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6

Relationship With NTELOS
12 Months Ended

Dec. 31, 2011

Relationship With NTELOS [Abstract]

Relationship With NTELOS

Note 2. Relationship with NTELOS

In connection with the Business Separation, the Company entered into a series of agreements with NTELOS which are intended to govern the relationship between the Company and NTELOS going forward. These agreements include commercial service agreements, a separation and distribution agreement, an employee matters agreement, a tax matters agreement and intellectual property agreements. The Company also entered into a transition services agreement with NTELOS. During the year ended December 31, 2011, the net expense to the Company related to the transition services agreement was $0.4 million. See Note 13 regarding related party transactions with NTELOS.

Under the tax matters agreement entered into between NTELOS and the Company, the Company is generally required to indemnify NTELOS against any tax resulting from the Distribution to the extent that such tax resulted from any of the following events (among others): (1) an acquisition of all or a portion of our stock or assets, whether by merger or otherwise, (2) any negotiations, understandings, agreements or arrangements with respect to transactions or events that cause the Distribution to be treated as part of a plan pursuant to which one or more persons acquire, directly or indirectly, stock representing a 50% or greater interest in Lumos Networks, (3) certain other actions or failures to act by the Company, or (4) any breach by the Company of certain of its representations or undertakings. The Company's indemnification obligations to NTELOS and its subsidiaries, officers and directors are not limited by any maximum amount.

Pursuant to the separation and distribution agreement and certain other agreements with NTELOS, NTELOS agreed to indemnify the Company from certain liabilities, and the Company agreed to indemnify NTELOS for certain liabilities.

X

- Details

Name: cik0001520744_RelationshipWithFormerParentAbstract

Namespace Prefix: cik0001520744_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition

Relationship with former parent

+ References

No definition available.

+ Details

Name: cik0001520744_RelationshipWithFormerParentDisclosureTextBlock

Namespace Prefix: cik0001520744_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 45 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 39 156 1 false 8 0 false 3 false false R1.htm 00090 - Document - Document And Entity Information Sheet http://www.lumosnetworkscorp.com/role/DocumentDocumentAndEntityInformation Document And Entity Information true false R2.htm 00100 - Statement - Consolidated Balance Sheets Sheet http://www.lumosnetworkscorp.com/role/StatementConsolidatedBalanceSheets Consolidated Balance Sheets false false R3.htm 00105 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://www.lumosnetworkscorp.com/role/StatementConsolidatedBalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) false false R4.htm 00200 - Statement - Consolidated Statements Of Operations Sheet http://www.lumosnetworkscorp.com/role/StatementConsolidatedStatementsOfOperations Consolidated Statements Of Operations false false R5.htm 00300 - Statement - Consolidated Statements Of Cash Flows Sheet http://www.lumosnetworkscorp.com/role/StatementConsolidatedStatementsOfCashFlows Consolidated Statements Of Cash Flows false false R6.htm 00305 - Statement - Consolidated Statements Of Cash Flows (Parenthetical) Sheet http://www.lumosnetworkscorp.com/role/StatementConsolidatedStatementsOfCashFlowsParenthetical Consolidated Statements Of Cash Flows (Parenthetical) false false R7.htm 00400 - Statement - Consolidated Statements Of Equity Sheet http://www.lumosnetworkscorp.com/role/StatementConsolidatedStatementsOfEquity Consolidated Statements Of Equity false false R8.htm 00405 - Statement - Consolidated Statements Of Equity (Parenthetical) Sheet http://www.lumosnetworkscorp.com/role/StatementConsolidatedStatementsOfEquityParenthetical Consolidated Statements Of Equity (Parenthetical) false false R9.htm 10101 - Disclosure - Organization Sheet http://www.lumosnetworkscorp.com/role/DisclosureOrganization Organization false false R10.htm 10201 - Disclosure - Relationship With NTELOS Sheet http://www.lumosnetworkscorp.com/role/DisclosureRelationshipWithNtelos Relationship With NTELOS false false R11.htm 10301 - Disclosure - Significant Accounting Policies Sheet http://www.lumosnetworkscorp.com/role/DisclosureSignificantAccountingPolicies Significant Accounting Policies false false R12.htm 10401 - Disclosure - Disclosures About Segments Of An Enterprise And Related Information Sheet http://www.lumosnetworkscorp.com/role/DisclosureDisclosuresAboutSegmentsOfEnterpriseAndRelatedInformation Disclosures About Segments Of An Enterprise And Related Information false false R13.htm 10501 - Disclosure - Long-Term Debt Sheet http://www.lumosnetworkscorp.com/role/DisclosureLongTermDebt Long-Term Debt false false R14.htm 10601 - Disclosure - Supplementary Disclosures Of Cash Flow Information Sheet http://www.lumosnetworkscorp.com/role/DisclosureSupplementaryDisclosuresOfCashFlowInformation Supplementary Disclosures Of Cash Flow Information false false R15.htm 10701 - Disclosure - Financial Instruments Sheet http://www.lumosnetworkscorp.com/role/DisclosureFinancialInstruments Financial Instruments false false R16.htm 10801 - Disclosure - Stockholders' Equity Sheet http://www.lumosnetworkscorp.com/role/DisclosureStockholdersEquity Stockholders' Equity false false R17.htm 10901 - Disclosure - Stock Plans Sheet http://www.lumosnetworkscorp.com/role/DisclosureStockPlans Stock Plans false false R18.htm 11001 - Disclosure - Income Taxes Sheet http://www.lumosnetworkscorp.com/role/DisclosureIncomeTaxes Income Taxes false false R19.htm 11101 - Disclosure - Pension Plans And Other Postretirement Benefits Sheet http://www.lumosnetworkscorp.com/role/DisclosurePensionPlansAndOtherPostretirementBenefits Pension Plans And Other Postretirement Benefits false false R20.htm 11201 - Disclosure - Commitments And Contingencies Sheet http://www.lumosnetworkscorp.com/role/DisclosureCommitmentsAndContingencies Commitments And Contingencies false false R21.htm 11301 - Disclosure - Related Party Transactions Sheet http://www.lumosnetworkscorp.com/role/DisclosureRelatedPartyTransactions Related Party Transactions false false All Reports Book All Reports Process Flow-Through: 00100 - Statement - Consolidated Balance Sheets Process Flow-Through: Removing column 'Dec. 31, 2009' Process Flow-Through: Removing column 'Dec. 31, 2008' Process Flow-Through: 00105 - Statement - Consolidated Balance Sheets (Parenthetical) Process Flow-Through: 00200 - Statement - Consolidated Statements Of Operations Process Flow-Through: 00300 - Statement - Consolidated Statements Of Cash Flows Process Flow-Through: 00305 - Statement - Consolidated Statements Of Cash Flows (Parenthetical) Process Flow-Through: 00405 - Statement - Consolidated Statements Of Equity (Parenthetical) cik0001520744-20111231.xml cik0001520744-20111231.xsd cik0001520744-20111231_cal.xml cik0001520744-20111231_def.xml cik0001520744-20111231_lab.xml cik0001520744-20111231_pre.xml true true XML 46 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6

Commitments And Contingencies
12 Months Ended

Dec. 31, 2011

Commitments And Contingencies [Abstract]

Commitments And Contingencies

Note 12. Commitments and Contingencies

Operating Leases

Rental expense for all operating leases for the years ended December 31, 2011, 2010 and 2009 was $3.8 million, $2.2 million and $1.7 million, respectively. The total amount committed under these lease agreements at December 31, 2011 is: $1.9 million in 2012, $1.6 million in 2013, $1.4 million in 2014, $1.5 million in 2015, $1.4 million in 2016 and $5.5 million for the years thereafter.

Other Commitments and Contingencies

The Company periodically makes claims or receives disputes and is involved in legal actions related to billings to other carriers for access to the Company's network. The Company does not recognize revenue related to such matters until the period that it is reliably assured of the collection of these claims. In the event that a claim is made related to revenues previously recognized, the Company assesses the validity of the claim and adjusts the amount of revenue being recognized to the extent that the claim adjustment is considered probable and estimable. The Company has had lawsuits filed against it totaling $4.5 million for which a loss is "reasonably possible" under applicable accounting standards. The outcome of such matters is difficult to determine and the Company intends to vigorously contest and defend its positions; as such, the Company has no accrual established related to these lawsuits. In addition, the Company has received access disputes from a carrier totaling $8.2 million for which the Company has reserved $4.7 million, representing the Company's best estimate of the outcome of these disputes. The Company does not expect that the ultimate disposition of these matters will have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows.

The Company periodically disputes network access charges that are assessed by other companies with which the Company interconnects and is involved in other disputes and legal and tax proceedings and filings arising from normal business activities. The Company has disputed access charges with an RLEC totaling $6.3 million for which the Company has no reserve. While the outcome of this and other such matters is currently not determinable, management does not expect that the ultimate costs to resolve these matters will have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows, and believes that adequate provision for any probable and estimable losses has been made in the Company's consolidated financial statements.

The Company has other purchase commitments relating to capital expenditures totaling $2.9 million as of December 31, 2011, which are expected to be satisfied during 2012.

In connection with the Business Separation, the Company entered into a series of agreements with NTELOS which are intended to govern the relationship between the Company and NTELOS going forward. These agreements include commercial service agreements, a separation and distribution agreement, an employee matters agreement, a tax matters agreement and intellectual property agreements and within such agreements, the companies are required to indemnify each other regarding certain matters (Note 2).

X

- Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- 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

Name: us-gaap_CommitmentsAndContingenciesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

Consolidated Statements Of Equity (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Consolidated Statements Of Equity [Abstract]
Common stock, dividends, per share, declared	$ 0.14
Unrecognized loss (net) from define benefit plans, deferred income tax	$ 10,798
Amortization of unrecognized loss from defined benefit plans, deferred income tax asset	$ 77

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Assets
Cash	$ 10,547	$ 489
Restricted cash	7,554	8,062
Accounts receivable, net of allowance of $2,822 ($2,117 in 2010)	23,555	21,171
Other receivables	2,390	1,238
Prepaid expenses and other	2,278	2,021
Total Current Assets	46,324	32,981
Securities and Investments	128	71
Property, Plant and Equipment
Land and buildings	22,833	22,597
Network plant and equipment	365,101	328,234
Furniture, fixtures and other equipment	13,069	10,097
Total in service	401,003	360,928
Under construction	18,200	8,350
Property, plant and equipment, gross	419,203	369,278
Less accumulated depreciation	119,245	95,372
Property, plant and equipment, net	299,958	273,906
Other Assets
Goodwill	100,297	133,735
Franchise rights		32,000
Other intangibles, less accumulated amortization of $61,742 ($46,355 in 2010)	45,696	65,904
Deferred charges and other assets	6,197	2,196
Total other assets	152,190	233,835
Total assets	498,600	540,793
Liabilities and Equity
Current portion of long-term debt	2,679	688
Accounts payable	12,432	12,298
Dividends payable	2,980
Advance billings and customer deposits	12,623	11,653
Accrued compensation	2,832	930
Accrued operating taxes	2,624	844
Other accrued liabilities	3,262	1,322
Total current liabilities	39,432	27,735
Long-term Liabilities
Long-term debt	323,897	1,417
Obligation to NTELOS Inc.		178,616
Retirement benefits	35,728
Deferred income taxes	41,204	61,217
Other long-term liabilities	5,028	5,122
Income tax payable	484	500
Total long term liabilities	406,341	246,872
Commitments and Contingencies
Equity
Preferred stock, par value $0.01 per share, authorized 100 shares; 0 issued and outstanding in 2011 and 2010
Common stock, par value $0.01 per share, authorized 55,000 shares; 21,235 shares issued and 21,170 shares outstanding (0 shares issued and outstanding in 2010)	212
Additional paid in capital	126,427
Accumulated deficit	(57,416)
Accumulated other comprehensive loss	(16,840)
Business equity		265,794
Total Lumos Networks Corp. Stockholders' Equity	52,383	265,794
Noncontrolling interests	444	392
Total stockholders' equity	52,827	266,186
Total liabilities and stockholders' equity	$ 498,600	$ 540,793

Consolidated Statements Of Cash Flows (Parenthetical) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Consolidated Statements Of Cash Flows [Abstract]
Purchase of FiberNet, cash acquired	$ 221
Purchase of FiberNet, working capital and other adjustments	$ 6,440

Consolidated Statements Of Equity (USD $) In Thousands, unless otherwise specified	Common Stock [Member] USD ($)	Treasury Stock [Member]	Additional Paid-In Capital [Member] USD ($)	Accumulated Deficit [Member] USD ($)	Accumulated Other Comprehensive Loss [Member] USD ($)	Business Equity [Member] USD ($)	Total Lumos Networks Corp. Stockholders' Equity [Member] USD ($)	Noncontrolling Interests [Member] USD ($)	Total USD ($)
Balance at Dec. 31, 2008						$ 280,194	$ 280,194	$ 418	$ 280,612
Equity-based compensation expense						794	794		794
Capital distributions to noncontrolling interests								(184)	(184)
Dividends paid to NTELOS Communications Inc.						(31,665)	(31,665)		(31,665)
Comprehensive (Loss) Income:
Net (loss) income attributable to Lumos Networks Corp.									23,358
Comprehensive (loss) income attributable to Lumos Networks Corp.						23,358	23,358
Comprehensive income attributable to noncontrolling interests								39
Total Comprehensive Income /(Loss)									23,397
Balance at Dec. 31, 2009						272,681	272,681	273	272,954
Equity-based compensation expense						1,529	1,529		1,529
Dividends paid to NTELOS Communications Inc.						(29,240)	(29,240)		(29,240)
Comprehensive (Loss) Income:
Net (loss) income attributable to Lumos Networks Corp.									20,824
Comprehensive (loss) income attributable to Lumos Networks Corp.						20,824	20,824
Comprehensive income attributable to noncontrolling interests								119
Total Comprehensive Income /(Loss)									20,943
Balance at Dec. 31, 2010						265,794	265,794	392	266,186
Balance, shares at Dec. 31, 2010									0
Allocation of beginning of year business equity in connection with the Business Separation			262,155	3,639		(265,794)
Spin-off from NTELOS Holdings Corp.	212		(138,107)		(14,113)		(152,008)		(152,008)
Spin-off from NTELOS Holdings Corp. shares	21,223
Equity-based compensation expense			1,694				1,694		1,694
Restricted shares issued, shares issued through the employee stock purchase plan and 401(k) matching contributions and stock options exercised			685				685		685
Restricted shares issued, shares issued through the employee stock purchase plan and 401(k) matching contributions and stock options exercised, shares	12
Common shares reacquired through restricted stock forfeits		65
Cash dividends declared ($0.14 per share)				(2,980)			(2,980)		(2,980)
Dividends paid to NTELOS Communications Inc.				(14,145)			(14,145)		(14,145)
Comprehensive (Loss) Income:
Net (loss) income attributable to Lumos Networks Corp.				(43,930)					(43,930)
Unrecognized loss (net) from defined benefit plans, net of $10,798 of deferred income tax asset					(2,847)
Amortization of unrecognized loss from defined benefit plans, net of $77 of deferred income tax asset					120
Comprehensive (loss) income attributable to Lumos Networks Corp.							(46,657)
Comprehensive income attributable to noncontrolling interests								52
Total Comprehensive Income /(Loss)									(46,605)
Balance at Dec. 31, 2011	$ 212		$ 126,427	$ (57,416)	$ (16,840)		$ 52,383	$ 444	$ 52,827
Balance, shares at Dec. 31, 2011	21,235	65							21,235

Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Consolidated Balance Sheets [Abstract]
Accounts receivable, allowance	$ 2,822	$ 2,117
Other intangibles, accumulated amortization	$ 61,742	$ 46,355
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	55,000,000	55,000,000
Common stock, shares issued	21,235,000	0
Common stock, shares outstanding	21,170,000	0

Document And Entity Information (USD $)	12 Months Ended
Document And Entity Information (USD $)	Dec. 31, 2011	Mar. 16, 2012	Jun. 30, 2011
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	FY
Entity Registrant Name	Lumos Networks Corp.
Entity Central Index Key	0001520744
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		21,276,616
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 0

Consolidated Statements Of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Consolidated Statements Of Operations [Abstract]
Operating Revenues	$ 207,414	$ 145,964	$ 130,595
Operating Expenses
Cost of sales and services (exclusive of items shown separately below)	78,484	46,407	40,158
Customer operations	19,551	13,243	12,598
Corporate operations	16,251	13,809	8,582
Depreciation and amortization	43,090	31,365	28,641
Asset impairment charges	86,295
Accretion of asset retirement obligations	116	11	78
Total Operating Expenses	243,787	104,835	90,057
Operating (Loss) Income	(36,373)	41,129	40,538
Other Income (Expenses)
Interest expense	(11,993)	(5,752)	(1,478)
Other income, net	105	43	105
Total Nonoperating Income (Expense)	(11,888)	(5,709)	(1,373)
Income (Loss) From Continuing Operations Before Taxes	(48,261)	35,420	39,165
Income Tax (Benefit) Expense	(4,383)	14,477	15,768
Net (Loss) Income	(43,878)	20,943	23,397
Net Income Attributable to Noncontrolling Interests	(52)	(119)	(39)
Net (Loss) Income Attributable to Lumos Networks Corp.	$ (43,930)	$ 20,824	$ 23,358
Pro Forma Basic and Diluted (Loss) Earnings per Common Share Attributable to Lumos Networks Corp. Stockholders:
Pro Forma (Loss) Earnings per Share - Basic and Diluted	$ (2.11)
Pro forma weighted average shares outstanding - basic and diluted	20,815
Cash Dividends Declared per Share - Common Stock	$ 0.14

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2011
Related Party Transactions [Abstract]
Related Party Transactions	Note 13. Related Party Transactions Prior to the Business Separation, NTELOS Inc. provided a variety of administrative services to Lumos Networks. Costs of these services were allocated or charged to the Company based on either the actual costs incurred or NTELOS Inc.'s estimate of expenses relative to the services provided to other subsidiaries of NTELOS Inc. The Company believes that these allocations were made on a reasonable basis, and that receiving these services from NTELOS Inc. created cost efficiencies. Lumos Networks management believes that all historical costs of operations have been reflected in the consolidated statements of operations for each period presented, but these costs do not reflect the amount of actual costs the Company would have incurred had it been an independent, publicly traded company prior to October 31, 2011. These services and transactions included the following: Cash management and other treasury services; Administrative services such as legal, regulatory, tax, employee benefit administration, internal audit, purchasing, accounting, information technology and human resources; Network monitoring; Executive oversight; Equity-based compensation plan administration; and Insurance coverage. Banking and Treasury Functions Prior to the Business Separation, NTELOS Inc. provided cash management and treasury services to the Company. This arrangement provided efficient avenues for liquidity in a structure that minimized or eliminated currency risk to the Company. Interest was charged by both parties based on NTELOS Inc.'s long term debt weighted average borrowing rate excluding the effect of debt issuance cost and original issue discount amortization and was reflected in interest expense on the consolidated statements of operations for the Company. The amount of interest expense related to this arrangement for the period January 1, 2011 through October 31, 2011 and for the years ended December 31, 2010 and 2009 was $9.5 million, $4.9 million and $1.4 million, respectively. Allocation of General and Administrative Corporate Expenses Expenses relating to services provided to the Company by NTELOS Inc. prior to the Business Separation have been allocated to the Company and are reflected in the consolidated financial statements. These services include treasury, accounting, tax, legal, internal audit, human resources, general management, insurance, risk management and other functions such as board of directors and other centrally managed employee benefit arrangements that benefitted the Company's business. The allocations of costs were estimated based on NTELOS Inc.'s employees' percentage of time spent on Lumos Networks matters. The costs that NTELOS Inc. allocated include overhead and other indirect costs. The Company has recorded allocated costs of $7.3 million, $8.0 million and $7.7 million on its consolidated statements of operations for the period January 1, 2011 through October 31, 2011 and for the year ended December 31, 2010 and 2009, respectively, inclusive of certain corporate expenses which were not previously allocated to the segments (Note 2). Additionally, $2.8 million of FiberNet acquisition related costs were allocated to the Company in 2010. Equity-Based Compensation Plan Administration Prior to the Business Separation, Lumos Networks employees participated in the NTELOS Inc. equity incentive plans. NTELOS Inc. has two equity incentive plans administered by the Compensation Committee of NTELOS Holdings Corp's board of directors, which permit the grant of long-term incentives to employees, including stock options, stock appreciation rights, restricted stock awards, restricted stock units, incentive awards, other stock-based awards and dividend equivalents. Total equity-based compensation expense related to all of the share-based awards granted to employees of Lumos Networks and allocated from NTELOS Inc. and NTELOS Inc.'s 401(k) matching contributions for employees of Lumos Networks totaled $2.4 million, $1.5 million and $0.8 million for the years ended December 31, 2011, 2010 and 2009, respectively.

Relationship With NTELOS	12 Months Ended
Relationship With NTELOS	Dec. 31, 2011
Relationship With NTELOS [Abstract]
Relationship With NTELOS	Note 2. Relationship with NTELOS In connection with the Business Separation, the Company entered into a series of agreements with NTELOS which are intended to govern the relationship between the Company and NTELOS going forward. These agreements include commercial service agreements, a separation and distribution agreement, an employee matters agreement, a tax matters agreement and intellectual property agreements. The Company also entered into a transition services agreement with NTELOS. During the year ended December 31, 2011, the net expense to the Company related to the transition services agreement was $0.4 million. See Note 13 regarding related party transactions with NTELOS. Under the tax matters agreement entered into between NTELOS and the Company, the Company is generally required to indemnify NTELOS against any tax resulting from the Distribution to the extent that such tax resulted from any of the following events (among others): (1) an acquisition of all or a portion of our stock or assets, whether by merger or otherwise, (2) any negotiations, understandings, agreements or arrangements with respect to transactions or events that cause the Distribution to be treated as part of a plan pursuant to which one or more persons acquire, directly or indirectly, stock representing a 50% or greater interest in Lumos Networks, (3) certain other actions or failures to act by the Company, or (4) any breach by the Company of certain of its representations or undertakings. The Company's indemnification obligations to NTELOS and its subsidiaries, officers and directors are not limited by any maximum amount. Pursuant to the separation and distribution agreement and certain other agreements with NTELOS, NTELOS agreed to indemnify the Company from certain liabilities, and the Company agreed to indemnify NTELOS for certain liabilities.

Commitments And Contingencies	12 Months Ended
Commitments And Contingencies	Dec. 31, 2011
Commitments And Contingencies [Abstract]
Commitments And Contingencies	Note 12. Commitments and Contingencies Operating Leases Rental expense for all operating leases for the years ended December 31, 2011, 2010 and 2009 was $3.8 million, $2.2 million and $1.7 million, respectively. The total amount committed under these lease agreements at December 31, 2011 is: $1.9 million in 2012, $1.6 million in 2013, $1.4 million in 2014, $1.5 million in 2015, $1.4 million in 2016 and $5.5 million for the years thereafter. Other Commitments and Contingencies The Company periodically makes claims or receives disputes and is involved in legal actions related to billings to other carriers for access to the Company's network. The Company does not recognize revenue related to such matters until the period that it is reliably assured of the collection of these claims. In the event that a claim is made related to revenues previously recognized, the Company assesses the validity of the claim and adjusts the amount of revenue being recognized to the extent that the claim adjustment is considered probable and estimable. The Company has had lawsuits filed against it totaling $4.5 million for which a loss is "reasonably possible" under applicable accounting standards. The outcome of such matters is difficult to determine and the Company intends to vigorously contest and defend its positions; as such, the Company has no accrual established related to these lawsuits. In addition, the Company has received access disputes from a carrier totaling $8.2 million for which the Company has reserved $4.7 million, representing the Company's best estimate of the outcome of these disputes. The Company does not expect that the ultimate disposition of these matters will have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows. The Company periodically disputes network access charges that are assessed by other companies with which the Company interconnects and is involved in other disputes and legal and tax proceedings and filings arising from normal business activities. The Company has disputed access charges with an RLEC totaling $6.3 million for which the Company has no reserve. While the outcome of this and other such matters is currently not determinable, management does not expect that the ultimate costs to resolve these matters will have a material adverse effect on the Company's consolidated financial position, results of operations or cash flows, and believes that adequate provision for any probable and estimable losses has been made in the Company's consolidated financial statements. The Company has other purchase commitments relating to capital expenditures totaling $2.9 million as of December 31, 2011, which are expected to be satisfied during 2012. In connection with the Business Separation, the Company entered into a series of agreements with NTELOS which are intended to govern the relationship between the Company and NTELOS going forward. These agreements include commercial service agreements, a separation and distribution agreement, an employee matters agreement, a tax matters agreement and intellectual property agreements and within such agreements, the companies are required to indemnify each other regarding certain matters (Note 2).