0001144204-17-025817.txt : 20170510 0001144204-17-025817.hdr.sgml : 20170510 20170510085151 ACCESSION NUMBER: 0001144204-17-025817 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 60 CONFORMED PERIOD OF REPORT: 20170331 FILED AS OF DATE: 20170510 DATE AS OF CHANGE: 20170510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sequential Brands Group, Inc. CENTRAL INDEX KEY: 0001648428 STANDARD INDUSTRIAL CLASSIFICATION: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300] IRS NUMBER: 474452789 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-37656 FILM NUMBER: 17828627 BUSINESS ADDRESS: STREET 1: 5 BRYANT PARK STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 646-564-2577 MAIL ADDRESS: STREET 1: 5 BRYANT PARK STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 FORMER COMPANY: FORMER CONFORMED NAME: Singer Madeline Holdings, Inc. DATE OF NAME CHANGE: 20150717 10-Q 1 v465986_10q.htm FORM 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended March 31, 2017

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 001-37656

SEQUENTIAL BRANDS GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware		47-4452789
(State or other jurisdiction of incorporation or		(I.R.S. Employer Identification No.)
organization)

601 West 26^thStreet, 9^th Floor
New York, New York 10018

(Address of principal executive offices) (Zip Code)

(646) 564-2577

(Registrant’s telephone number, including area code)

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

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

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

Large accelerated filer ¨ Accelerated filer x

Non-accelerated filer ¨ (Do not check if a smaller reporting company) Smaller reporting company ¨ Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

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

As of April 30, 2017, the registrant had 62,996,280 shares of common stock, par value $0.01 per share, outstanding.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

INDEX TO FORM 10-Q

		Page

	PART I FINANCIAL INFORMATION

Item 1.	Financial Statements	4

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	27

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	31

Item 4.	Controls and Procedures	31

	PART II OTHER INFORMATION

Item 1.	Legal Proceedings	31

Item 1A.	Risk Factors	32

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	32

Item 6.	Exhibits	34

Forward-Looking Statements

This quarterly report on Form 10-Q (this “Quarterly Report”), including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We use words such as “future,” “seek,” “could,” “can,” “predict,” “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,” “project” and similar expressions to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Such risks and uncertainties include, but are not limited to the following: (i) risks and uncertainties discussed in the reports that the Company has filed with the Securities and Exchange Commission (the “SEC”); (ii) general economic, market or business conditions; (iii) the Company’s ability to identify suitable targets for acquisitions and to obtain financing for such acquisitions on commercially reasonable terms; (iv) the Company’s ability to timely achieve the anticipated results of recent acquisitions and any potential future acquisitions; (v) the Company’s ability to successfully integrate acquisitions into its ongoing business; (vi) the potential impact of the consummation of recent acquisitions or any potential future acquisitions on the Company’s relationships, including with employees, licensees, customers and competitors; (vii) the Company’s ability to achieve and/or manage growth and to meet target metrics associated with such growth; (viii) the Company’s ability to successfully attract new brands and to identify suitable licensees for its existing and newly acquired brands; (ix) the Company’s substantial level of indebtedness, including the possibility that such indebtedness and related restrictive covenants may adversely affect the Company’s future cash flows, results of operations and financial condition and decrease its operating flexibility; (x) the Company’s ability to achieve its guidance; (xi) continued market acceptance of the Company’s brands; (xii) changes in the Company’s competitive position or competitive actions by other companies; (xiii) licensees’ ability to fulfill their financial obligations to the Company; (xiv) concentrations of the Company’s licensing revenues with a limited number of licensees and retail partners; and (xv) other circumstances beyond the Company’s control.

Forward-looking statements speak only as of the date they are made and are based on current expectation and assumptions. You should not put undue reliance on any forward-looking statement. We are not under any obligation, and we expressly disclaim any obligation, to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to such or other forward-looking statements.

Where You Can Find Other Information

Our corporate website address is www.sequentialbrandsgroup.com. The information contained on our website is not part of this Quarterly Report. We file our annual, quarterly and current reports and other information with the Securities and Exchange Commission (the “SEC”). These reports, and any amendments to these reports, are made available on our website and can be viewed and downloaded free of charge as soon as reasonably practicable after such reports are filed with or furnished to the SEC. The public may read and copy any materials filed with the SEC at the SEC’s Public Reference Room located at 100 F Street, NE, Washington, D.C. 20549. The public may also obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. In addition, the SEC maintains an internet site that contains annual, quarterly and current reports, proxy and information statements and other information regarding issuers that file electronically with the SEC, which is available at www.sec.gov.

Unless otherwise noted, references in this Quarterly Report to the “Sequential Brands Group,” “Company,” “our Company,” “we,” “us,” “our” or similar pronouns refer to Sequential Brands Group, Inc. and its subsidiaries. References to other companies may include their trademarks, which are the property of their respective owners.

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

	March 31,			December 31,
	2017			2016
	(Unaudited)			(Note 2)
Assets
Current Assets:
Cash	$	21,457		$	19,133
Restricted cash		1,521			1,521
Accounts receivable, net		44,879			53,195
Available-for-sale securities		6,178			7,673
Prepaid expenses and other current assets		4,822			4,366
Total current assets		78,857			85,888

Property and equipment, net		6,815			7,674
Intangible assets, net		1,030,065			1,030,212
Goodwill		307,744			307,744
Other assets		3,158			3,345
Total assets	$	1,426,639		$	1,434,863

Liabilities and Equity
Current Liabilities:
Accounts payable and accrued expenses	$	17,514		$	18,915
Current portion of long-term debt		28,300			28,300
Current portion of deferred revenue		9,535			10,374
Total current liabilities		55,349			57,589

Long-term debt, net of current portion		610,647			616,735
Long-term deferred revenue, net of current portion		12,996			13,909
Deferred tax liability		200,930			200,357
Other long-term liabilities		8,299			8,705
Total liabilities		888,221			897,295

Commitments and Contingencies

Equity:
Preferred stock Series A, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at March 31, 2017 and December 31, 2016		-			-
Common stock, $0.01 par value; 150,000,000 shares authorized; 63,381,607 and 62,602,041 shares issued at March 31, 2017 and December 31, 2016, respectively, and 62,996,280 and 62,504,355 shares outstanding at March 31, 2017 and December 31, 2016, respectively		632			624
Additional paid-in capital		507,103			502,564
Accumulated other comprehensive loss		(1,623	)		(144	)
Accumulated deficit		(40,831	)		(39,651	)
Treasury stock, at cost; 385,327 and 97,686 shares at March 31, 2017 and December 31, 2016, respectively		(1,702	)		(638	)
Total Sequential Brands Group, Inc. and Subsidiaries stockholders’ equity		463,579			462,755
Noncontrolling interest		74,839			74,813
Total equity		538,418			537,568
Total liabilities and equity	$	1,426,639		$	1,434,863

See Notes to Condensed Consolidated Financial Statements.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share data)

	Three Months Ended March 31,
	2017			2016

Net revenue	$	39,400		$	34,008

Operating expenses		23,408			21,977

Income from operations		15,992			12,031

Other income		34			93

Interest expense, net		14,486			10,690

Income before income taxes		1,540			1,434

Provision for income taxes		585			399

Net income		955			1,035

Net income attributable to noncontrolling interest		(2,135	)		(2,111	)

Net loss attributable to Sequential Brands Group, Inc. and Subsidiaries	$	(1,180	)	$	(1,076	)

Loss per share attributable to Sequential Brands Group, Inc. and Subsidiaries:
Basic and diluted	$	(0.02	)	$	(0.02	)

Weighted-average common shares outstanding:
Basic and diluted		62,459,711			61,209,868

See Notes to Condensed Consolidated Financial Statements.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

(in thousands, except share data)

	Preferred Stock				Common Stock				Additional Paid- in			Accumulated Other Comprehensive			Accumulated			Treasury Stock						Total Sequential Brands Group, Inc. and Subsidiaries Stockholders’			Noncontrolling			Total
	Shares		Amount		Shares		Amount		Capital			Loss			Deficit			Shares			Amount			Equity			Interest			Equity
Balance at January 1, 2017		-	$	-		62,602,041	$	624	$	502,564		$	(144	)	$	(39,651	)		(97,686	)	$	(638	)	$	462,755		$	74,813		$	537,568
Stock-based compensation		-		-		779,566		8		4,542			-			-			-			-			4,550			-			4,550
Stock registration costs		-		-		-		-		(3	)		-			-			-			-			(3	)		-			(3	)
Unrealized loss on available-for-sale securities		-		-		-		-		-			(1,495	)		-			-			-			(1,495	)		-			(1,495	)
Unrealized gain on interest rate cap		-		-		-		-		-			16			-			-			-			16			-			16
Repurchase of common stock		-		-		-		-		-			-			-			(287,641	)		(1,064	)		(1,064	)		-			(1,064	)
Noncontrolling interest distribution		-		-		-		-		-			-			-			-			-			-			(2,109	)		(2,109	)
Net income attributable to noncontrolling interest		-		-		-		-		-			-			-			-			-			-			2,135			2,135
Net loss attributable to common stockholders		-		-		-		-		-			-			(1,180	)		-			-			(1,180	)		-			(1,180	)
Balance at March 31, 2017		-	$	-		63,381,607	$	632	$	507,103		$	(1,623	)	$	(40,831	)		(385,327	)	$	(1,702	)	$	463,579		$	74,839		$	538,418

See Notes to Condensed Consolidated Financial Statements.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

	Three Months Ended March 31,
	2017			2016
				(Note 2)
Cash Flows From Operating Activities
Net income	$	955		$	1,035
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for bad debts		38			75
Depreciation and amortization		1,293			1,143
Stock-based compensation		4,550			1,780
Amortization of deferred financing costs		987			432
Income from equity method investment		(31	)		-
Loss on disposal of fixed assets		2			501
Deferred income taxes		573			368
Changes in operating assets and liabilities:
Accounts receivable		8,278			7,348
Prepaid expenses and other assets		(222	)		1,291
Accounts payable and accrued expenses		(1,504	)		(5,136	)
Deferred revenue		(1,752	)		(1,134	)
Other liabilities		244			(887	)
Cash Provided By Operating Activities		13,411			6,816

Cash Flows From Investing Activities
Investments in intangible assets, including registration and renewal costs		(130	)		(72	)
Purchases of property and equipment		(133	)		(607	)
Proceeds from sale of property and equipment		2			45
Cash Used In Investing Activities		(261	)		(634	)

Cash Flows From Financing Activities
Stock registration costs		(3	)		-
Payment of long-term debt		(7,075	)		(4,000	)
Guaranteed payments in connection with acquisitions		(575	)		(325	)
Repurchases of common stock		(1,064	)		(501	)
Noncontrolling interest distributions		(2,109	)		(1,537	)
Cash Used In Financing Activities		(10,826	)		(6,363	)

Net Increase (Decrease) In Cash		2,324			(181	)
Cash — Beginning of period		19,133			41,560
Cash — End of period	$	21,457		$	41,379

Supplemental Disclosures Of Cash Flow Information
Cash paid for:
Interest	$	13,393		$	10,000
Taxes	$	-		$	81

Non-cash Investing And Financing Activities
Accrued purchases of property and equipment at period end	$	28		$	-
Unrealized (loss) gain on available-for-sale securities during the period	$	(1,495	)	$	1,002
Unrealized gain on interest rate cap during the period	$	16		$	-

See Notes to Condensed Consolidated Financial Statements.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

Organization and Nature of Operations

Overview

Sequential Brands Group, Inc. (the “Company”) owns a portfolio of consumer brands in the fashion, active and home categories. The Company aims to maximize the strategic value of its brands by promoting, marketing and licensing its global brands through various distribution channels, including to retailers, wholesalers and distributors in the United States and in certain international territories. The Company’s core strategy is to enhance and monetize the global reach of its existing brands, and to pursue additional strategic acquisitions to grow the scope of and diversify its portfolio of brands. The Company licenses brands to both wholesale and direct-to-retail licensees. In a wholesale license, a wholesale supplier is granted rights (typically on an exclusive basis) to a single or small group of related product categories for a particular brand for sale to multiple accounts within an approved channel of distribution and territory. In a direct-to-retail license, a single retailer is granted the right (typically on an exclusive basis) to sell branded products in a broad range of product categories through its brick and mortar stores and e-commerce sites. As of March 31, 2017, the Company had more than one-hundred fifty licensees, with wholesale licensees comprising a significant majority.

Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q and Rule 10-01 of Regulation S-X of the United States Securities and Exchange Commission (the “SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all of the information and footnotes necessary for a comprehensive presentation of financial position, results of operations or cash flows. It is the Company’s opinion, however, that the accompanying unaudited condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC on March 14, 2017, which contains the audited consolidated financial statements and notes thereto, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations, for the years ended December 31, 2016, 2015 and 2014. The financial information as of December 31, 2016 is derived from the audited consolidated financial statements presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. The interim results for the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for the year ending December 31, 2017 or for any future interim periods.

Correction of Immaterial Error

The Company has corrected an immaterial error in its consolidated statement of cash flows for the three months ended March 31, 2016. This correction is related to the payment of certain guaranteed obligations in connection with previous acquisitions and reflects an increase in cash used in operating activities of $0.3 million and a decrease in cash provided by financing activities of $0.3 million. There is no impact to the condensed consolidated balance sheets, condensed consolidated statements of operations or condensed consolidated statements of changes in equity.

Principles of Consolidation

The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All significant inter-company accounts and transactions have been eliminated in consolidation.

Use of Estimates

The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates.

Revenue Recognition

The Company has entered into various license agreements that provide revenues based on guaranteed minimum royalty payments and advertising/marketing fees with additional royalty revenues based on a percentage of defined sales. Guaranteed minimum royalty payments and advertising/marketing revenue are recognized on a straight-line basis over the term of each contract year, as defined in each license agreement. Royalty payments exceeding the guaranteed minimum royalty payments are recognized as income during the period corresponding to the licensee’s sales. Payments received as consideration for the grant of a license are recorded as deferred revenue at the time payment is received and recognized ratably as revenue over the term of the license agreement. Advanced royalty payments are recorded as deferred revenue at the time payment is received and recognized as revenue when earned. Revenue is not recognized unless collectability is reasonably assured.

If license agreements are terminated prior to the original licensing period, the Company recognizes revenue in the amount of any contractual termination fees, unless such amounts are deemed non-recoverable.

With respect to editorial content for books, the Company receives advance payments from the Company’s publishers and recognizes revenue when manuscripts are delivered to and accepted by the publishers. Revenue is also earned from book publishing when sales on a unit basis exceed the advanced royalty.

Television sponsorship revenues are generally recorded ratably across the period when new episodes initially air.

Restricted Cash

Restricted cash consists of cash deposited with a financial institution required as collateral for the Company’s cash-collateralized letter of credit facilities.

Accounts Receivable

Accounts receivable are recorded net of allowances for doubtful accounts, based on the Company’s ongoing discussions with its licensees and other customers and its evaluation of their creditworthiness, payment history and account aging. Accounts receivable balances deemed to be uncollectible are charged to the allowance for doubtful accounts after all means of collection have been exhausted and the potential for recovery is considered remote. The allowance for doubtful accounts was approximately $0.2 million as of each of March 31, 2017 and December 31, 2016.

The Company’s accounts receivable, net amounted to $44.9 million and $53.2 million as of March 31, 2017 and December 31, 2016, respectively. Three licensees accounted for approximately 48% (17%, 16% and 15%) of the Company’s total consolidated accounts receivable balance as of March 31, 2017 and four licensees accounted for approximately 49% (14%, 13%, 12% and 10%) of the Company’s total consolidated accounts receivable balance as of December 31, 2016. The Company does not believe the accounts receivable balance from these licensees represents a significant collection risk based on past collection experience.

Investments

The Company has marketable securities that are classified as available-for-sale securities under ASC 320, Investments – Debt and Equity Securities. Such available-for-sale securities are reported at fair value in the condensed consolidated balance sheets and, at the time of purchase, were reported in the unaudited condensed consolidated statements of cash flows as an investing activity. The Company reviews its available-for-sale securities at each reporting period to determine whether a decline in fair value is other-than-temporary. Any decline in fair value that is determined to be other-than-temporary would result in an adjustment for an impairment charge in the accompanying unaudited condensed consolidated statements of operations. The primary factors the Company considers in its determination are (i) the length of time that the fair value of the available-for-sale security is below the Company’s carrying value, (ii) the financial condition and operating performance of the available-for-sale security, (iii) the reason for decline in fair value and (iv) the Company’s intent and ability to hold the investment in available-for-sale security for a period of time sufficient to allow for a recovery in fair value. Realized gains and losses from the sale of available-for-sale securities, if any, are determined on a specific-identification basis. The unrealized gains and losses on the available-for-sale securities held by the Company as of March 31, 2017 and December 31, 2016 are set forth below.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

					March 31, 2017
							Gross Unrealized
	Historical Cost		Cost Basis ⁽¹⁾		Estimated Fair Value		Gains		Losses
	(in thousands)

Available-for-sale securities	$	12,048	$	7,673	$	6,178	$	-	$	1,495

	⁽¹⁾ The cost basis is historical cost less other-than-temporary impairment.

					December 31, 2016
							Gross Unrealized
	Historical Cost		Cost Basis ⁽¹⁾		Estimated Fair Value		Gains		Losses
	(in thousands)

Available-for-sale securities	$	12,048	$	7,673	$	7,673	$	-	$	-

	⁽¹⁾ The cost basis is historical cost less other-than-temporary impairment.

Based on an evaluation at March 31, 2017, the Company has concluded that the decline in fair value of its available-for-sale securities is not other-than-temporary. The Company believes it has the intent and ability to hold its available-for-sale securities for a period of time sufficient to allow for a recovery in fair value to the Company’s current cost basis. The available-for-sale securities have been in a loss position for less than twelve months.

Equity Method Investment

For investments in entities over which the Company exercises significant influence but which do not meet the requirements for consolidation, the Company uses the equity method of accounting. On July 1, 2016, the Company acquired a 49.9% noncontrolling interest in Gaiam Pty. Ltd. in connection with its acquisition of Gaiam Brand Holdco, LLC, which is included in other assets in the condensed consolidated balance sheets. The Company’s share of earnings from its equity method investee, which was not material for the three months ended March 31, 2017, is included in other income in the unaudited condensed consolidated statements of operations.

The Company evaluates its equity method investment for impairment whenever events or changes in circumstances indicate that the carrying amounts of such investment may not be recoverable. The difference between the carrying value of the equity method investment and its estimated fair value is recognized as an impairment charge when the loss in value is deemed other-than-temporary.

Goodwill and Intangible Assets

Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. In evaluating goodwill for impairment, the Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Qualitative factors considered include, for example, macroeconomic and industry conditions, overall financial performance, and other relevant entity-specific events. If the Company bypasses the qualitative assessment, or concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, it then performs a goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment to be recognized, if any.

The Company will compare the estimated fair value of the reporting unit with its carrying value. The Company has determined that it has a single reporting unit and considers its market capitalization (calculated as total common shares outstanding multiplied by the common equity price per share, as adjusted for a control premium factor) to represent its estimated fair value. If the estimated fair value of the reporting unit exceeds its carrying amount, no further analysis is needed. If, however, the estimated fair value of the reporting unit is less than its carrying amount, the Company will recognize an impairment charge for the amount by which the carrying value exceeds the reporting unit’s fair value.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

Intangible assets represent trademarks, customer agreements and patents related to the Company’s brands and a favorable lease. Finite-lived intangible assets are amortized on a straight-line basis over the estimated useful lives of the assets. Indefinite-lived intangible assets are not amortized, but instead are subject to impairment evaluation. The carrying value of intangible assets and other finite-lived assets is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Indefinite-lived intangible assets are tested for impairment on an annual basis and between annual tests if an event occurs or circumstances change that indicate that the carrying amount of the indefinite-lived intangible asset may not be recoverable. When conducting its impairment assessment, the Company initially performs a qualitative evaluation of whether it is more likely than not that the asset is impaired. If it is determined by a qualitative evaluation that it is more likely than not that the asset is impaired, the Company then tests the asset for recoverability. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to its future undiscounted net cash flows. If the carrying amount of such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the recoverability of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

Treasury Stock

Treasury stock is recorded at cost as a reduction of equity in the condensed consolidated balance sheets.

Stock-Based Compensation

Compensation cost for restricted stock is measured using the quoted market price of the Company’s common stock at the date the common stock is granted. For restricted stock and restricted stock units, for which restrictions lapse with the passage of time (“time-based restricted stock”), compensation cost is recognized on a straight-line basis over the period between the issue date and the date that restrictions lapse. Time-based restricted stock is included in total shares of common stock outstanding upon the lapse of applicable restrictions. For restricted stock, for which restrictions are based on performance measures (“performance stock units” or “PSUs”), restrictions lapse when those performance measures have been deemed achieved. Compensation cost for PSUs is recognized on a straight-line basis during the period from the date on which the likelihood of the PSUs being earned is deemed probable and (x) the end of the fiscal year during which such PSUs are granted or (y) the date on which awards of such PSUs may be approved by the compensation committee of the Company’s board of directors (the “Compensation Committee”) on a discretionary basis, as applicable. PSUs are included in total shares of common stock outstanding upon the lapse of applicable restrictions. PSUs are included in total diluted shares of common stock outstanding when the performance measures have been deemed achieved but the PSUs have not yet been issued.

Fair value cost for stock options and warrants is calculated using the Black-Scholes valuation model and is expensed on a straight-line basis over the requisite service period of the grant. The Company elected to early adopt the provisions of ASU 2016-09 “Simplifying the Accounting for Share-Based Payments” (“ASU 2016-09”) and will reduce compensation cost for actual forfeitures as they occur. Prior to the adoption to ASU 2016-09, the Company’s estimated forfeiture rate utilized in calculating compensation cost was zero percent based on the Company’s limited historical forfeiture experience.

At each subsequent reporting period prior to the lapse of restrictions on warrants, time-based restricted stock and PSUs granted to non-employees, the Company remeasures the aggregate compensation cost of such grants using the Company’s fair value at the end of such reporting period and revises the straight-line recognition of compensation cost in line with such remeasured amount.

Leases

The Company leases certain properties for office and showroom. Certain of the Company’s lease agreements contain rent escalation clauses, free rent periods and tenant inducement payments. Rent expense for noncancelable operating leases with scheduled rent increases is recognized on a straight-line basis over the expected lease term. The difference between straight-line rent expense and the scheduled payment amounts is recorded as a deferred rent asset or liability.

Income Taxes

Current income taxes are based on the respective periods’ taxable income for federal, foreign and state income tax reporting purposes. Deferred tax liabilities and assets are determined based on the difference between the financial statement and income tax bases of assets and liabilities, using statutory tax rates in effect for the year in which the differences are expected to reverse. In accordance with ASU No. 2015-17 “Balance Sheet Classification of Deferred Taxes,” all deferred income taxes are reported and classified as non-current. A valuation allowance is required if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

The Company applies the Financial Accounting Standards Board (“FASB”) guidance on accounting for uncertainty in income taxes. The guidance clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with other authoritative GAAP and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The guidance also addresses derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Interest and penalties related to uncertain tax positions, if any, are recorded in income tax expense. Tax years that remain open for assessment for federal and state tax purposes include the years ended December 31, 2013 through December 31, 2016.

Earnings Per Share

Basic earnings per share (“EPS”) is computed by dividing net income (loss) attributable to Sequential Brands Group, Inc. and Subsidiaries by the weighted-average number of common shares outstanding during the reporting period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the reporting period, including stock options, PSUs and warrants, using the treasury stock method, and convertible debt, using the if-converted method. Diluted EPS excludes all potentially dilutive shares of common stock if their effect is anti-dilutive. The shares used to calculate basic and diluted EPS consist of the following:

	Three Months Ended March 31,
	2017		2016

Basic weighted-average common shares outstanding		62,459,711		61,209,868
Acquisition hold back shares		-		-
Warrants		-		-
Stock options		-		-
Performance based restricted stock		-		-
Unvested restricted stock		-		-
Diluted weighted-average common shares outstanding		62,459,711		61,209,868

The computation of diluted EPS for the three months ended March 31, 2017 and 2016 excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive:

	Three Months Ended March 31,
	2017		2016

Acquisition hold back shares		-		695,055
Warrants		-		330,671
Stock options		-		12,796
Performance based restricted stock		263,964		408,555
Unvested restricted stock		88,941		94,236
Total		352,905		1,541,313

Concentration of Credit Risk

Financial instruments which potentially expose the Company to credit risk consist primarily of cash, restricted cash, accounts receivable and available-for-sale securities. Cash is held to meet working capital needs and future acquisitions. Restricted cash is pledged as collateral for a comparable amount of irrevocable standby letters of credit for certain of the Company’s leased properties. Substantially all of the Company’s cash, restricted cash and available-for-sale securities are deposited with high quality financial institutions. At times, however, such cash, restricted cash and available-for-sale securities may be in deposit accounts that exceed the Federal Deposit Insurance Corporation insurance limit. The Company has not experienced any losses in such accounts as of March 31, 2017.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

Concentration of credit risk with respect to accounts receivable is minimal due to the collection history. The Company performs annual credit evaluations of its customers’ financial condition. The allowance for doubtful accounts is based upon the expected collectability of all accounts receivable.

Customer Concentrations

The Company recorded net revenues of $39.4 million and $34.0 million during the three months ended March 31, 2017 and 2016, respectively. During the three months ended March 31, 2017, three licensees represented at least 10% of net revenue, accounting for 11%, 10% and 10% of the Company’s net revenue. During the three months ended March 31, 2016, two licensees represented at least 10% of net revenue, each accounting for 11% of the Company’s net revenue.

Loss Contingencies

The Company recognizes contingent losses that are both probable and estimable. In this context, probable means circumstances under which events are likely to occur. The Company records legal costs pertaining to contingencies as incurred.

Contingent Consideration

The Company recognizes the acquisition-date fair value of contingent consideration as part of the consideration transferred in exchange for the acquiree or assets of the acquiree in a business combination. The contingent consideration is classified as either a liability or equity in accordance with ASC 480-10, Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity. If classified as a liability, the liability is remeasured to fair value at each subsequent reporting date until the contingency is settled. Increases in fair value are recorded as losses, while decreases are recorded as gains. If classified as equity, contingent consideration is not remeasured and subsequent settlement is accounted for within equity.

Noncontrolling Interest

Noncontrolling interest recorded for the three months ended March 31, 2017 and 2016 represents income allocations to Elan Polo International, Inc., a member of DVS Footwear International, LLC and With You, Inc., a member of With You LLC (the partnership between the Company and Jessica Simpson). Noncontrolling interest recorded for the three months ended March 31, 2016 represents income allocations to Elan Polo International, Inc., With You, Inc. and JALP, LLC (“JALP”), a member of FUL IP Holdings, LLC (“FUL IP”).

Reportable Segment

An operating segment, in part, is a component of an enterprise whose operating results are regularly reviewed by the chief operating decision maker (the “CODM”) to make decisions about resources to be allocated to the segment and assess its performance. Operating segments may be aggregated only to a limited extent. The Company’s CODM, the Chief Executive Officer, reviews financial information presented on a consolidated basis, accompanied by disaggregated information about revenues for purposes of making operating decisions and assessing financial performance. Accordingly, the Company has determined that it has a single operating and reportable segment. In addition, the Company has no foreign operations or any assets in foreign locations. Nearly all of the Company’s operations consist of a single revenue stream, which is the licensing of its trademark portfolio, with an immaterial portion of revenues derived from television, book, café operations and certain commissions.

Fair Value Measurement of Financial Instruments

ASC 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”), defines fair value, establishes a framework for measuring fair value in GAAP and provides for expanded disclosure about fair value measurements. ASC 820-10 applies to all other accounting pronouncements that require or permit fair value measurements.

The Company determines or calculates the fair value of financial instruments using quoted market prices in active markets when such information is available or using appropriate present value or other valuation techniques, such as discounted cash flow analyses, incorporating available market discount rate information for similar types of instruments while estimating for non-performance and liquidity risk. These techniques are significantly affected by the assumptions used, including the discount rate, credit spreads and estimates of future cash flows.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

Assets and liabilities typically recorded at fair value on a non-recurring basis to which ASC 820-10 applies include:

non-financial assets and liabilities initially measured at fair value in an acquisition or business combination, and

long-lived assets measured at fair value due to an impairment assessment under ASC 360-10-15, Impairment or Disposal of Long-Lived Assets.

This topic defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and establishes a three-level hierarchy, which encourages an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820-10 requires that assets and liabilities recorded at fair value be classified and disclosed in one of the following three categories:

Level 1 - inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access.

Level 2 - inputs utilize other-than-quoted prices that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and inputs such as interest rates and yield curves that are observable at commonly quoted intervals.

Level 3 - inputs are unobservable and are typically based on the Company’s own assumptions, including situations where there is little, if any, market activity. Both observable and unobservable inputs may be used to determine the fair value of positions that are classified within the Level 3 classification.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the Company classifies such financial assets or liabilities based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability.

As of March 31, 2017 and December 31, 2016, there were no assets or liabilities that are required to be measured at fair value on a recurring basis, except for the Company’s available-for-sale securities (see Note 2), interest rate cap (see Note 6), the contingent earn outs relating to the Linens ‘N Things brand (the “LNT Contingent Earn Out”) and Legacy Payments for Ms. Martha Stewart (as defined below). The following table sets forth the carrying value and the fair value of the Company’s financial assets and liabilities required to be disclosed at March 31, 2017 and December 31, 2016:

			Carrying Value				Fair Value
Financial Instrument	Level		3/31/2017		12/31/2016		3/31/2017		12/31/2016
			(in thousands)
Available-for-sale securities		1	$	6,178	$	7,673	$	6,178	$	7,673
Interest rate cap		2	$	1,120	$	1,248	$	1,120	$	1,104
2016 Term Loans		3	$	575,425	$	582,500	$	546,397	$	551,324
2016 Revolving Loan		3	$	80,500	$	80,500	$	61,712	$	60,755
LNT Contingent Earn Out		3	$	-	$	-	$	-	$	-
Legacy Payments		3	$	2,053	$	1,995	$	2,053	$	1,995

The carrying amounts of the Company’s cash, restricted cash, accounts receivable and accounts payable approximate fair value due to their short-term maturities.

The Company records its available-for-sale securities on the condensed consolidated balance sheets at fair value using Level 1 inputs. The fair value of the Company’s available-for-sale securities is based upon quoted market prices for identical assets in active markets.

During 2016, the Company entered into interest rate cap agreements related to its 1-month London Interbank Offered Rate (“LIBOR”) rates related to the Company’s loan agreements (the “2016 Cap Agreements”) with certain financial institutions. The 2016 Cap Agreements have a $500 million notional value, strike rate of 1.50% and mature on November 23, 2018. The Company recorded its interest rate caps on the condensed consolidated balance sheets at fair value using Level 2 inputs. The valuation technique used to determine the fair value of the 2016 Cap Agreements approximated the net present value of future cash flows, taking into account current interest rates.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

The Company’s risk management objective and strategy with respect to the 2016 Cap Agreements is to reduce its exposure to variability in expected future cash outflows (forecasted interest payments) attributable to change in 1-month LIBOR rates, the designated benchmark interest rate being hedged, relating to a portion of its outstanding floating-rate debt. The 2016 Cap Agreements protect the Company from increases in hedged cash flows on its floating-rate debt attributable to changes in 1-month LIBOR rates above the strike rate. Should 1-month LIBOR rates exceed 1.50% on a rate reset date during the terms of the 2016 Cap Agreements, the financial institutions will pay the Company for an amount equivalent to the excess interest over the strike rate. To the extent the hedging relationship is perfectly effective, changes in the fair value of the hedging instrument each period will be deferred in Accumulated other comprehensive loss in the statement of changes in equity, and the upfront hedging instrument purchase price will be reclassified to Interest expense, net in the consolidated statements of operations according to its caplet values. If hedge ineffectiveness exists, Accumulated other comprehensive loss will be adjusted to a balance that reflects the lesser of either the cumulative change in the fair value of the hedging or the cumulative change in the fair value of the hypothetically “perfect” derivative. The amount of ineffectiveness, if any, recorded in earnings would be equal to the excess of the cumulative change in the fair value of the hedging instrument over the cumulative change in the fair value of the hypothetical derivative.

The components of the 2016 Cap Agreements as of March 31, 2017 are as follows:

	Notional Value		Derivative Asset		Derivative Liability
	(in thousands)

LIBOR based loans	$	500,000	$	-	$	128

For purposes of this fair value disclosure, the Company based its fair value estimate for the 2016 Term Loans and 2016 Revolving Loan (each, as defined in Note 6) on its internal valuation whereby the Company applied the discounted cash flow method to its expected cash flow payments due under the loan agreements based on market interest rate quotes as of March 31, 2017 and December 31, 2016 for debt with similar risk characteristics and maturities.

On the date of the acquisition of Galaxy Brand Holdings, Inc., no value was assigned to the LNT Contingent Earn Out based on the remote probability that the Linens ‘N Things brand will achieve the performance measurements. At March 31, 2017 and December 31, 2016, the LNT Contingent Earn Out had no value. The Company continues to evaluate these performance measurements at each reporting period and determines their fair values if/when the achievement of the performance measurements becomes probable.

In connection with the acquisition of Martha Stewart Living Omnimedia (“MSLO”), beginning with calendar years commencing on or after January 1, 2026, the Company will pay Ms. Stewart three and one-half percent (3.5%) of Gross Licensing Revenues (as defined in Ms. Stewart’s employment agreement) for each such calendar year for the remainder of Ms. Stewart’s life (with a minimum of five (5) years of payments, to be made to Ms. Stewart’s estate if Ms. Stewart dies before December 31, 2030) (the “Legacy Payments”). The Company recorded $0.1 million of accretion during each of the three months ended March 31, 2017 and 2016 related to the Legacy Payments and recorded the expense within interest expense, net in the unaudited condensed consolidated statements of operations.

Goodwill

Goodwill is summarized as follows:

	March 31,		December 31,
	2017		2016
	(in thousands)

Balance at January 1	$	307,744	$	314,288
Adjustment for acquisition of Martha Stewart Living Omnimedia, Inc.		-		(11,249	)
Acquisition of Gaiam, Inc. Branded Consumer Business		-		4,705
Ending balance	$	307,744	$	307,744

Goodwill represents the excess of the purchase price over the fair value of net assets acquired under the acquisition method of accounting. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. In evaluating goodwill for impairment, the Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Qualitative factors considered include, for example, macroeconomic and industry conditions, overall financial performance and other relevant entity-specific events. If the Company bypasses the qualitative assessment, or concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, it then performs a goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment to be recognized, if any.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

The Company will compare the estimated fair value of the reporting unit with its carrying value. The Company has determined it has a single reporting unit, and considers its market capitalization (calculated as total common shares outstanding multiplied by the common equity price per share, as adjusted for a control premium factor) to represent its estimated fair value. If the estimated fair value of the reporting unit exceeds its carrying amount, no further analysis is needed. If, however, the estimated fair value of the reporting unit is less than its carrying amount, the Company will recognize an impairment change for the amount by which the carrying value exceeds the reporting unit’s fair value. No events or circumstances indicate an impairment has been identified subsequent to the Company’s October 1, 2016 impairment testing.

Intangible Assets

Intangible assets are summarized as follows:

March 31, 2017	Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Finite-lived intangible assets:
Trademarks	15	$	4,990	$	(1,641	)	$	3,349
Customer agreements	4		2,832		(1,915	)		917
Favorable lease	2		537		(537	)		-
Patents	10		665		(247	)		418
		$	9,024	$	(4,340	)		4,684
Indefinite-lived intangible assets:
Trademarks								1,025,381

Intangible assets, net							$	1,030,065

December 31, 2016	Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
		(in thousands)
Finite-lived intangible assets:
Trademarks	15	$	4,981	$	(1,558	)	$	3,423
Customer agreements	4		2,832		(1,738	)		1,094
Favorable lease	2		537		(537	)		-
Patents	10		665		(230	)		435
		$	9,015	$	(4,063	)		4,952
Indefinite-lived intangible assets:
Trademarks								1,025,260

Intangible assets, net							$	1,030,212

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

Estimated future annual amortization expense for intangible assets in service as of March 31, 2017 is summarized as follows:

Years ending December 31,	(in thousands)
Remainder of 2017	$	638
2018		782
2019		592
2020		402
2021		399
Thereafter		1,871
	$	4,684

Amortization expense amounted to approximately $0.3 million for each of the three months ended March 31, 2017 and 2016.

Finite-lived intangible assets represent trademarks, customer agreements and patents related to the Company’s brands and a favorable lease. Finite-lived assets are amortized on a straight-line basis over the estimated useful lives of the assets. Indefinite-lived intangible assets are not amortized, but instead are subject to impairment evaluation. The carrying value of finite-lived intangible assets and other long-lived assets is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Historically, indefinite-lived intangible assets have been tested for impairment on an annual basis at December 31 and between annual tests if an event occurs or circumstances change that indicate that the carrying amount of the indefinite-lived intangible asset may not be recoverable. When conducting its impairment assessment, the Company initially performs a qualitative evaluation of whether it is more likely than not that the asset is impaired. If it is determined by a qualitative evaluation that it is more likely than not that the asset is impaired, the Company then tests the asset for recoverability. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to its expected future undiscounted net cash flows. If the carrying amount of such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the recoverability of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. No events or circumstances indicate an impairment has been identified subsequent to the Company’s October 1, 2016 impairment testing.

Long-Term Debt

The components of long-term debt are as follows:

	March 31,			December 31,
	2017			2016
	(in thousands)

2016 Term Loans	$	575,425		$	582,500
2016 Revolving Loan		80,500			80,500
Unamortized deferred financing costs		(16,978	)		(17,965	)
Total long-term debt, net of unamortized deferred financing costs		638,947			645,035
Less: current portion of long-term debt		28,300			28,300
Long-term debt	$	610,647		$	616,735

July 2016 Debt Facilities

On July 1, 2016 (the “Closing Date”), the Company and certain of its subsidiaries entered into (i) the Third Amended and Restated First Lien Credit Agreement (the “Amended BoA Credit Agreement”) with Bank of America, N.A., as administrative agent and collateral agent and the lenders party thereto and (ii) the Third Amended and Restated Credit Agreement (the “Amended GSO Credit Agreement”) with Wilmington Trust, National Association, as administrative agent and collateral agent (the “GSO Agent”) and the lenders party thereto. Such agreements amended, restated and replaced the debt facilities described below under “December 2015 Debt Facilities”, as described more fully below. The Company used a portion of the proceeds of the $287.5 million loans made to the Company under the Amended BoA Credit Agreement and the $415.0 million loans made to the Company under the Amended GSO Credit Agreement to fund the payment of the purchase price with respect to the acquisition of the Gaiam Brand Holdco, LLC and costs and expenses incurred in connection with such acquisition and related transactions.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

The Amended BoA Credit Agreement provides for several five-year credit facilities, consisting of (i) Tranche A Term Loans in an aggregate principal amount of $133.0 million (the “Tranche A Loans”), (ii) Tranche A-1 Term Loans in an aggregate principal amount of $44.5 million (the “Tranche A-1 Loans” and, together with the Tranche A Loans, the “BoA Term Loans”) and (iii) revolving credit commitments in the aggregate principal amount of $110.0 million (the “Revolving Credit Facility” and, the loans under the Revolving Credit Facility, the “Revolving Loans”). On the Closing Date, the total amount outstanding under the Amended BoA Credit Agreement was $258.0 million, including (i) $133.0 million of Tranche A Loans, (ii) $44.5 million of Tranche A-1 Loans and (iii) $80.5 million of borrowing under the Revolving Loans.

The loans under the Amended BoA Credit Agreement bear interest, at the Company’s option, at a rate equal to (i) with respect to the Revolving Loans and the Tranche A Loans (a) the LIBOR rate plus 3.50% per annum or (b) the base rate plus 2.50% per annum and (ii) with respect to the Tranche A-1 Loans (a) the LIBOR rate plus 7.00% per annum or (b) the base rate plus 6.00% per annum. The undrawn portions of the commitments under the Revolving Credit Facility are subject to a commitment fee of 0.375% per annum.

The Company may make voluntary prepayments of the loans outstanding under the Amended BoA Credit Agreement, subject to the payment of customary “breakage” costs with respect to LIBOR-based borrowings and, in certain cases, to the prepayment premium set forth in the Amended BoA Credit Agreement. Additionally, the Company is mandated to make prepayments (without payment of a premium or penalty) under the Amended BoA Credit Agreement amounting to: (i) the loans outstanding under the Amended BoA Credit Agreement plus, (a) where intellectual property is disposed, 50.0% of the disposed intellectual property’s orderly liquidation value, and (b) where any other assets constituting collateral are disposed or upon the receipt of certain insurance proceeds, 100% of the net proceeds thereof, subject to certain reinvestment rights; and (ii) the Tranche A-1 Loans to the extent that the outstanding principal amount thereof exceeds 10.0% of the orderly liquidation value of the registered trademarks owned by the BoA Facility Loan Parties. Commencing on September 30, 2016, the BoA Term Loans will be amortized in quarterly installments of $5.0 million.

The Amended BoA Credit Agreement contains customary representations and warranties and customary affirmative and negative covenants applicable to the BoA Facility Loan Parties and their subsidiaries. Moreover, the Amended BoA Credit Agreement contains financial covenants that require the BoA Facility Loan Parties and their subsidiaries to (i) maintain a positive net income, (ii) satisfy a maximum loan to value ratio set at 50.0% (applicable to the Revolving Loans and Tranche A Loans) and (iii) satisfy a maximum consolidated first lien leverage ratio, initially set at 2.80:1.00, decreasing over the term of the Amended BoA Credit Agreement until reaching the final maximum ratio of 2.50:1.00 for the fiscal quarter ending September 30, 2018 and thereafter.

The Amended BoA Credit Agreement contains certain customary events of default, including a change of control. If an event of default occurs and is not cured within any applicable grace period or not waived, the Bank of America Agent, at the request of the lenders under the Amended BoA Credit Agreement, must take various actions, including, without limitation, the acceleration of amounts due under the Amended BoA Credit Agreement.

The Company may request an increase in (i) the Revolving Credit Facility and Tranche A Loans as would not cause the consolidated first lien leverage ratio, determined on a pro forma basis after giving effect to any such increase, to exceed 2.33:1.00 and (ii) the Tranche A-1 Loans, as would not cause the consolidated first lien leverage ratio, determined on a pro forma basis after giving effect to any such increase, to exceed (a) with respect to any increase, the proceeds of which will be used solely to finance an acquisition, 2.50:100 and (b) with respect to any other increase, 2.40:1.00, subject to the satisfaction of certain conditions in the Amended BoA Credit Agreement. At December 31, 2016, the Company is in compliance with the covenants included in the Amended BoA Credit Agreement.

The Amended GSO Credit Agreement provides for a six-year $415.0 million senior secured term loan facility. The Company may request one or more additional term loan facilities or the increase of term loan commitments under the Amended GSO Credit Agreement as would not cause the consolidated total leverage ratio, determined on a pro forma basis after giving effect to any such addition and increase, to exceed 6.00:1.00, subject to the satisfaction of certain conditions in the Amended GSO Credit Agreement.

The loans under the Amended GSO Credit Agreement bear interest, at the Company’s option, at a rate equal to either (i) the LIBOR rate plus an applicable margin of 8.25% or 9.00% per annum or (ii) the base rate plus an applicable margin of 7.25% or 8.00% per annum, in each case based upon the consolidated total leverage ratio.

The Company may make voluntary prepayments of the loans outstanding under the Amended GSO Credit Agreement, subject to the payment of customary “breakage” costs with respect to LIBOR-based borrowings and, in certain cases, to the prepayment premium set forth in the Amended GSO Credit Agreement. The Company is mandated to make prepayments (without payment of a premium or penalty) of loans outstanding under the Amended GSO Credit Agreement amounting to: (i) where intellectual property is disposed, 50.0% of the disposed intellectual property’s orderly liquidation value, (ii) where any other asset constituting collateral is disposed or upon the receipt of certain insurance proceeds, 100% of the net proceeds thereof, subject to certain reinvestment rights, and (iii) any consolidated excess cash flow, in an amount equal to (a) in the event the consolidated total leverage ratio is at least 4.00:1.00, 75% thereof, (b) in the event the consolidated total leverage ratio is less than 4.00:1.00 but at least 3.00:1.00, 50% thereof and (c) in the event the consolidated total leverage ratio is less than 3.00:1.00, 0% thereof. Commencing on March 31, 2017, the Loans under the Amended GSO Credit Agreement will amortize in quarterly installments, equal to 2.00% per annum of the original aggregate principal amount thereof.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

The Amended GSO Credit Agreement contains customary representations and warranties and customary affirmative and negative covenants applicable to the GSO Facility Loan Parties and their subsidiaries. Moreover, the Amended GSO Credit Agreement contains financial covenants that require the GSO Facility Loan Parties and their subsidiaries to satisfy (i) a maximum consolidated total leverage ratio, initially set at 7.25:1.00, decreasing over the term of the Amended GSO Credit Agreement until reaching the final maximum ratio of 6.50:1.00 for the fiscal quarter ending September 30, 2018 and thereafter and (ii) a maximum consolidated first lien leverage ratio, initially set at 2.80:1.00, decreasing over the term of the Amended GSO Credit Agreement until reaching the final maximum ratio of 2.50:1.00 for the fiscal quarter ending September 30, 2018 and thereafter. At March 31, 2017, the Company is in compliance with the covenants included in the Amended GSO Credit Agreement.

The Amended GSO Credit Agreement contains certain customary events of default, including a change of control. If an event of default occurs and is not cured within any applicable grace period or is not waived, the GSO Agent, at the request of the lenders under the Amended GSO Credit Agreement, is required to take various actions, including, without limitation, the acceleration of amounts due thereunder.

The Company may request one or more additional term loan facilities or the increase of term loan commitments under the GSO Credit Agreement as would not cause the consolidated total leverage ratio, determined on a pro forma basis after giving effect to any such addition and increase, to exceed 6.00:1.00, subject to the satisfaction of certain conditions in the GSO Credit Agreement.

Interest Rate Caps

During 2016, the Company entered into interest rate cap agreements related to its 1-month LIBOR rates related to the 2016 Cap Agreements with certain financial institutions. The 2016 Cap Agreements have a $500 million notional value, strike rate of 1.50% and mature on November 23, 2018. The Company recorded its interest rate caps on the consolidated balance sheets at fair value using Level 2 inputs. The valuation technique used to determine the fair value of the 2016 Cap Agreements approximated the net present value of future cash flows, taking into account current interest rates.

The Company’s risk management objective and strategy with respect to the 2016 Cap Agreements is to reduce its exposure to variability in expected future cash outflows (forecasted interest payments) attributable to change in 1-month LIBOR rates, the designated benchmark interest rate being hedged, relating to a portion of its outstanding floating-rate debt. The 2016 Cap Agreements protect the Company from increases in hedged cash flows on its floating-rate debt attributable to changes in 1-month LIBOR rates above the strike rate. Should 1-month LIBOR rates exceed 1.50% on a rate reset date during the terms of the 2016 Cap Agreements, the financial institutions will pay the Company for an amount equivalent to the excess interest over the strike rate. To the extent the hedging relationship is perfectly effective, changes in the fair value of the hedging instrument each period will be deferred in Accumulated other comprehensive loss in the condensed consolidated statement of changes in equity, and the upfront hedging instrument purchase price will be reclassified to Interest expense, net in the unaudited condensed consolidated statements of operations according to its caplet values. If hedge ineffectiveness exists, Accumulated other comprehensive loss will be adjusted to a balance that reflects the lesser of either the cumulative change in the fair value of the hedging or the cumulative change in the fair value of the hypothetically “perfect” derivative. The amount of ineffectiveness, if any, recorded in earnings would be equal to the excess of the cumulative change in the fair value of the hedging instrument over the cumulative change in the fair value of the hypothetical derivative.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

Commitments and Contingencies

MSLO Stockholder Complaint

In connection with the merger of MSLO in December 2015, the following 13 putative stockholder class action lawsuits have been filed in the Court of Chancery of the State of Delaware: (1) David Shaev Profit Sharing Plan f/b/o David Shaev v. Martha Stewart Living Omnimedia Inc. et. al., filed on June 25, 2015; (2) Malka Raul v. Martha Stewart Living Omnimedia Inc. et. al., filed on June 26, 2015; (3) Daniel Lisman v. Martha Stewart Living Omnimedia Inc. et. al., filed on June 29, 2015; (4) Matthew Sciabacucchi v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 2, 2015; (5) Harold Litwin v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 5, 2015; (6) Richard Schiffrin v. Martha Stewart, filed on July 7, 2015; (7) Cedric Terrell v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 8, 2015; (8) Dorothy Moore v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 8, 2015; (9) Paul Dranove v. Pierre De Villemejane. et. al., filed on July 8, 2015; (10) Phuc Nguyen v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 10, 2015; (11) Kenneth Steiner v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 16, 2015; (12) Karen Gordon v. Martha Stewart et. al., filed on July 27, 2015 against the MSLO Board of Directors, Sequential, Madeline Merger Sub, Singer Merger; and (13) Anne Seader v. Martha Stewart Living Omnimedia, Inc. et. al., filed on July 28, 2015. All of the 13 class action lawsuits name the Old Sequential, MSLO, the MSLO board of directors, Madeline Merger Sub, Inc., Singer Merger Sub, Inc. and the Company as defendants and allege that (a) members of the MSLO board of directors breached their fiduciary duties and (b) Old Sequential, MSLO, Madeline Merger Sub, Inc., Singer Merger Sub Inc. and the Company aided and abetted such alleged breaches of fiduciary duties by the MSLO board of directors. On August 18, 2015, the Delaware Chancery Court issued an order consolidating these actions for all purposes under the caption In re Martha Stewart Living Omnimedia, Inc., et. al. to be the operative complaint in the consolidated action. On January 12, 2016, after the consummation of the Mergers, the plaintiffs filed a Verified Consolidated Amended Class Action Complaint, naming Ms. Martha Stewart, the Company, Old Sequential, Madeline Merger Sub, Inc. and Singer Merger Sub, Inc. and alleging that (a) Ms. Stewart breached her fiduciary duties to MSLO’s stockholders and (b) the Company, Old Sequential, Madeline Merger Sub, Inc. and Singer Merger Sub, Inc. aided and abetted Ms. Stewart’s breach of her fiduciary duties. On April 4, 2016, Ms. Stewart and the Sequential defendants filed respective motions to dismiss the Verified Consolidated Amended Class Action Complaint. On June 15, 2016, Lead Plaintiffs sought leave to amend the complaint and file the Verified Second Amended Class Action Complaint, which Judge Slights granted on July 14, 2016. On July 18, 2016, Lead Plaintiffs filed the Verified Second Amended Class Action Complaint against Defendants, asserting that Ms. Stewart breached her fiduciary duties and asserting that Sequential, Madeline Merger Sub, Singer Merger Sub, and Holdings aided and abetted the alleged breach of fiduciary duties. On July 28, 2016, Ms. Stewart and the Sequential defendants filed respective motions to dismiss the Verified Second Amended Class Action Complaint. On October 26, 2016, Lead Plaintiffs filed their opposition to Defendants’ motions to dismiss. On November 29, 2016, Ms. Stewart and the Sequential Defendants filed reply briefs in further supports of their motions to dismiss the Verified Second Amended Class Action Complaint. Oral argument on the motions to dismiss occurred on March 22, 2017. The plaintiffs seek to recover unspecified damages allegedly sustained by the plaintiffs, restitution and disgorgement by Ms. Stewart, the recovery of plaintiffs’ attorney’s fees and other relief. We believe that we have meritorious defenses to the claims made by the plaintiffs, and we are vigorously defending such claims. Litigation costs in this matter may be significant. The Company does not expect that the ultimate resolution of this matter will have a material effect on the consolidated financial statements.

General Legal Matters

From time to time, the Company is involved in legal matters arising in the ordinary course of business. While the Company believes that such matters are currently not material, there can be no assurance that matters arising in the ordinary course of business for which the Company is, or could be, involved in litigation, will not have a material adverse effect on its business, financial condition or results of operations. Contingent liabilities arising from potential litigation are assessed by management based on the individual analysis of these proceedings and on the opinion of the Company’s lawyers and legal consultants.

Stock-based Compensation

Stock Options

The following table summarizes the Company’s stock option activity for the three months ended March 31, 2017:

	Number of Options			Weighted- Average Exercise Price			Weighted- Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
	(in thousands, except share and per share data)
Outstanding - January 1, 2017		129,501		$	9.65			2.3	$	-
Granted		-			-
Exercised		-			-
Forfeited or Canceled		(40,500	)		(12.19	)
Outstanding - March 31, 2017		89,001		$	8.49			2.9	$	-

Exercisable - March 31, 2017		89,001		$	8.49			2.9	$	-

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

A summary of the changes in the Company’s unvested stock options is as follows:

	Number of Options			Weighted- Average Grant Date Fair Value
Unvested - January 1, 2017		5,000		$	1.96
Granted		-			-
Vested		(5,000	)		(1.96	)
Forfeited or Canceled		-			-
Unvested - March 31, 2017		-		$	-

The Company did not grant any stock options during the three months ended March 31, 2017 and 2016.

Total compensation expense related to stock options for each of the three months ended March 31, 2017 and 2016 was less than $0.1 million. At March 31, 2017 there is no unrecognized compensation expense related to stock options.

Warrants

The following table summarizes the Company’s outstanding warrants for the three months ended March 31, 2017:

	Number of Warrants		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
	(in thousands, except share and per share data)
Outstanding - January 1, 2017		801,760	$	7.87		3.1	$	51
Granted		-		-
Exercised		-		-
Forfeited or Canceled		-		-
Outstanding - March 31, 2017		801,760	$	7.87		2.8	$	-

Exercisable - March 31, 2017		776,760	$	7.69		2.7	$	-

A summary of the changes in the Company’s unvested warrants is as follows:

	Number of Warrants			Weighted- Average Grant Date Fair Value
Unvested - January 1, 2017		50,000		$	6.32
Granted		-			-
Vested		(25,000	)		6.32
Forfeited or Canceled		-			-
Unvested - March 31, 2017		25,000		$	6.32

The Company did not issue any warrants during the three months ended March 31, 2017 and 2016.

Total compensation expense related to warrants for the three months ended March 31, 2017 and 2016 was less than $0.1 million and $0.1 million, respectively. Total unrecognized compensation expense related to warrants at March 31, 2017 amounted to less than $0.1 million and is expected to be recognized over a weighted average period of 0.2 years.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

Restricted Stock

A summary of the time-based restricted stock activity for the three months ended March 31, 2017 is as follows:

	Number of Shares			Weighted- Average Grant Date Fair Value			Weighted- Average Remaining Contractual Life (in Years)
	(in thousands, except share and per share data)
Unvested - January 1, 2017		258,787		$	8.45			2.1
Granted		-			-
Vested		(45,834	)		(5.84	)
Unvested - March 31, 2017		212,953		$	9.01			2.3

The Company did not grant time-based restricted stock during the three months ended March 31, 2017 and 2016.

Total compensation expense related to time-based restricted stock and time-based restricted stock unit grants for the three months ended March 31, 2017 and 2016 was $0.1 million and $0.3 million, respectively.

Restricted Stock Units

A summary of the time-based restricted stock units activity for the three months ended March 31, 2017 is as follows:

	Number of Shares			Weighted- Average Grant Date Fair Value			Weighted- Average Remaining Contractual Life (in Years)
	(in thousands, except share and per share data)
Unvested - January 1, 2017		326,667		$	8.52			2.5
Granted		60,000			4.89
Vested		(78,333	)		(13.27	)
Unvested - March 31, 2017		308,334		$	6.60			2.2

During the three months ended March 31, 2017, the Company accelerated the vesting of 66,667 shares of time-based restricted stock units for the Company’s former Chief Executive Officer in connection with the CEO transition. Total compensation expense related to these shares of $0.7 million was recorded as operating expenses in the unaudited condensed consolidated statement of operations for the three months ended March 31, 2017.

During the three months ended March 31, 2017, the Company granted 60,000 time-based restricted stock units to the Company’s Chief Financial Officer pursuant to an amended employment agreement, dated January 3, 2017. These shares of time-based restricted stock units had a grant date fair value of $0.3 million and vest over a period of two years. The Company recorded less than $0.1 million during the three months ended March 31, 2017 as compensation expense pertaining to this grant.

During the three months ended March 31, 2016, the Company issued 35,000 shares of time-based restricted stock units to an employee for future services. These shares of time-based restricted stock had a grant date fair value of approximately $0.3 million and vest over a period of three years. The Company recorded less than $0.1 million during the each of the three months ended March 31, 2017 and 2016 as compensation expense pertaining to this grant.

Total compensation expense related to time-based restricted stock unit grants for the three months ended March 31, 2017 and 2016 was $1.0 million and $0.1 million, respectively.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

Performance Stock Units

A summary of the PSUs activity for the three months ended March 31, 2017 is as follows:

	Number of Shares			Weighted- Average Grant Date Fair Value			Weighted- Average Remaining Contractual Life (in Years)
	(in thousands, except share and per share data)
Unvested - January 1, 2017		2,803,367		$	8.18			2.4
Granted		-			-
Vested		(701,233	)		(10.97	)
Forfeited or Cancelled		(437,500	)		(7.23	)
Unvested - March 31, 2017		1,664,634		$	4.31			2.7

The Company did not grant any PSUs during the three months ended March 31, 2017.

During the three months ended March 31, 2017, the Company accelerated the vesting of 200,000 PSUs for the Company’s former Chief Executive Officer in connection with the CEO transition. Total compensation expense related to these PSUs of $2.9 million was recorded as operating expenses in the unaudited condensed consolidated statement of operations for the three months ended March 31, 2017.

On February 28, 2017, the Compensation Committee voted to approve, on a discretionary basis, an award of 164,978 PSUs to employees and consultants. Included in the above award were 60,000 PSUs and 36,000 PSUs for the Company’s former Chief Executive Officer and Chief Financial Officer, respectively. The fair value and expense recorded for such PSUs was based on the closing price of the Company’s common stock on the date the modification of the performance metric was communicated to employees and consultants. Total compensation expense related to these PSUs of $0.6 million was recorded as operating expenses in the unaudited condensed consolidated statement of operations for the three months ended March 31, 2017.

During the three months ended March 31, 2016, the Company granted 30,000 PSUs to an employee upon the commencement of his employment with the Company. These PSUs had a grant date fair value of $0.2 million and vest over a period of three years and require achievement of certain of the Company’s performance metrics within each fiscal year for such PSUs to be earned. The Company did not record any compensation expense during the three months ended March 31, 2017 as the likelihood of the remaining PSUs being earned was not probable. The Company recorded less than $0.1 million during the three months ended March 31, 2016 as compensation expense in the unaudited condensed consolidated statement of operations pertaining to these PSUs as the likelihood of certain PSUs being earned became probable.

On February 23, 2016, the Compensation Committee voted to approve, on a discretionary basis, an award of 69,994 PSUs to employees and consultants. Included in the above award were 20,000 PSUs and 12,000 PSUs for the Company’s former Chief Executive Officer and Chief Financial Officer, respectively. The fair value and expense recorded for such PSUs was based on the closing price of the Company’s common stock on the date the modification of the performance metric was communicated to employees and consultants. Total compensation expense related to these PSUs of $0.4 million was recorded as operating expenses in the unaudited condensed consolidated statement of operations for the three months ended March 31, 2016.

Total compensation expense related to the PSUs for the three months ended March 31, 2017 and 2016 was $3.5 million and $1.3 million, respectively.

Related Party Transactions

Consulting Services Agreement with Tengram Capital Partners, L.P. (f/k/a Tengram Capital Management L.P.)

Pursuant to an agreement with Tengram Capital Partners, L.P., formerly known as Tengram Capital Management, L.P. (“TCP”), an affiliate of Tengram Capital Partners Gen2 Fund, L.P., which is one of the Company’s largest stockholders, the Company has engaged TCP, effective as of January 1, 2013, to provide services to the Company pertaining to (i) mergers and acquisitions, (ii) debt and equity financing and (iii) such other related areas as the Company may reasonably request from time to time (the “TCP Agreement”). TCP is entitled to receive compensation of $1.0 million, including fees and reimbursement of out-of-pocket expenses in connection with performing its services under the TCP Agreement. The TCP Agreement remains in effect for a period continuing through the earlier of five years or the date on which TCP and its affiliates cease to own in excess of 5% of the outstanding shares of common stock in the Company. On August 15, 2014, the Company consummated transactions pursuant to an agreement and plan of merger, dated as of June 24, 2014 (the “Galaxy Merger Agreement”) with SBG Universe Brands LLC, a Delaware limited liability company and the Company’s direct wholly-owned subsidiary (“LLC Sub”), Universe Galaxy Merger Sub, Inc., a Delaware corporation and direct wholly-owned subsidiary of LLC Sub, Galaxy Brand Holdings, Inc. and Carlyle Galaxy Holdings, L.P. (such transactions, collectively, the “Galaxy Acquisition”). In connection with the Galaxy Merger Agreement, the Company and TCP entered into an amendment to the TCP Agreement (the “Amended TCP Agreement”), pursuant to which, among other things, TCP is entitled to receive annual fees of $0.9 million beginning with fiscal 2014.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

The Company did not pay TCP any fees during the three months ended March 31, 2017 and 2016. At March 31, 2017 and December 31, 2016, there were no amounts due to TCP for services.

Additionally, in July 2013, the Company entered into a consulting arrangement with an employee of TCP (the “TCP Employee”), pursuant to which the TCP Employee provides legal and other consulting services at the request of the Company from time to time. The TCP Employee was also issued 125,000 shares of restricted stock, vesting over a four-year period and 180,000 PSUs, vesting over three years in increments of 20% for 2014, 20% for 2015 and 60% for 2016. Additionally, the TCP employee was granted 200,000 PSUs, vesting over three years in increments of 33.3% for 2017, 33.3% for 2018 and 33.4% for 2019. The Company paid the TCP Employee $0.1 million for services under the consulting arrangement during each of the three months ended March 31, 2017 and 2016. These amounts are included in operating expenses in the Company’s unaudited condensed consolidated financial statements. At March 31, 2017 and December 31, 2016, there were no amounts due to the TCP Employee.

Transactions with E.S. Originals, Inc.

A division president of the Company maintains a passive ownership interest in one of the Company’s licensees, E.S. Originals, Inc. (“ESO”). The Company receives royalties from ESO under license agreements for certain of the Company’s brands in the footwear category. The Company recorded $3.8 million and $3.7 million of revenue for the three months ended March 31, 2017 and 2016, respectively, for royalties and advertising revenue earned from ESO license agreements. At March 31, 2017 and December 31, 2016, the Company had $7.0 million and $7.1 million recorded as accounts receivable from ESO in the condensed consolidated balance sheets, respectively.

Acquisition of FUL

On November 17, 2014, the Company made a strategic investment in FUL IP. FUL IP is a collaborative investment between the Company and JALP. FUL IP was formed for the purpose of licensing the FUL trademark to third parties in connection with the manufacturing, distribution, marketing and sale of FUL branded bags, backpacks, duffels, luggage and apparel accessories. JALP contributed the FUL trademark with a fair value of $8.9 million. In exchange for a 50.5% economic interest in FUL IP the Company paid JALP $4.5 million. JALP’s minority member interest in FUL IP has been reflected as noncontrolling interest on the Company’s condensed consolidated balance sheets. One of the Company’s directors, Mr. Al Gossett, has a partial ownership interest in JALP. No noncontrolling interest was recorded during the three months ended March 31, 2017. There was approximately $0.1 million of noncontrolling interest recorded during the three months ended March 31, 2016.

Investment in Available-for-Sale Securities

As further discussed in Note 2, in September 2015, the Company purchased available-for-sale securities of an unaffiliated third-party publicly traded company from Tengram Capital Partners, L.P., which is an affiliate of Tengram Capital Partners Gen2 Fund, L.P., one of the Company’s largest stockholders, for an aggregate purchase price of $12.0 million (plus related transaction expenses), which was the purchase price paid by Tengram Capital Partners, L.P. upon the acquisition of such available-for-sale securities in open market transactions. The Company did not pay a fee or any compensation to Tengram Capital Partners, L.P. in connection with the Company’s investment in the available-for-sale securities.

IP License Agreement and Intangible Asset Agreement

In connection with the transactions contemplated by the Mergers, MSLO entered into an Amended and Restated Asset License Agreement (“Intangible Asset Agreement”) and Amended and Restated Intellectual Property License and Preservation Agreement (“IP License Agreement” and, together with the Intangible Asset Agreement, the “IP Agreements”) pursuant to which Ms. Martha Stewart licensed certain intellectual property to MSLO. The IP Agreements grant the Company the right to use of certain properties owned by Ms. Stewart.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

The Intangible Asset Agreement has an initial term commencing at December 4, 2015 and ending on December 31, 2020, provided that the term will automatically be renewed for five additional calendar years ending December 31, 2025 (subject to earlier termination as provided in the employment agreement) if either the aggregate gross licensing revenues (as defined in the employment agreement) for calendar years 2018 through 2020 exceed $195 million or the gross licensing revenues for calendar year 2020 equal or exceed $65 million. During the term of the Intangible Asset Agreement with the Company, Lifestyle Research Center LLC will be entitled to receive a guaranteed annual payment of $1.7 million, which amounts are being paid in connection with the Mergers regardless of Ms. Stewart’s continued employment with the Company plus reimbursable expenses. The Company has paid Lifestyle Research Center LLC $0.6 million and less than $0.1 million in connection with other related services during the three months ended March 31, 2017 and 2016, respectively.

During the term of the IP Agreement with the Company, Ms. Stewart will be entitled to receive a guaranteed annual payment of $1.3 million, which amounts are being paid in connection with the Mergers regardless of Ms. Stewart’s continued employment with the Company. During each of the three months ended March 31, 2017 and 2016, the Company made payments of approximately $0.3 million to Ms. Stewart in connection with the terms of the IP Agreement. The IP License Agreement is perpetual.

During each of the three months ended March 31, 2017 and 2016, the Company expensed non-cash interest of $0.2 million related to the accretion of the present value of these guaranteed contractual payments.

10.

Restructuring

The Company did not incur restructuring charges during the three months ended March 31, 2017.

During the three months ended March 31, 2016, the Company recorded $2.5 million of restructuring charges in connection with headcount reductions and lease termination costs. These charges consisted of $1.2 million of severance and related benefits associated with headcount reductions, $0.5 million of professional fees, $0.4 million in contract termination fees and $0.4 of asset write-offs. These charges are included in operating expenses in the unaudited condensed consolidated statement of operations.

On a cumulative basis, the Company has recorded $11.9 million of restructuring charges in connection with the acquisition of MSLO, headcount reductions and contract termination costs. The associated employee headcount reductions in connection with the reduction in workforce since inception were 65 employees. The Company does not expect to incur any additional charges.

A restructuring accrual of $1.5 million as of March 31, 2017 and December 31, 2016 is included in accounts payable and accrued expenses on the condensed consolidated balance sheets. This accrual included amounts provided for contract termination fees. The Company has paid $9.0 million in cash related to these initiatives as of March 31, 2017.

Changes in the restructuring accruals during the three months ended March 31, 2017 were as follows:

	Severance & Related Benefits		Contract Termination Costs		Professional Fees		Total Accrual
	(in thousands)
Balance at January 1, 2017	$	-	$	1,500	$	-	$	1,500
Charges to expense		-		-		-		-
Amounts paid		-		-		-		-
Balance at March 31, 2017	$	-	$	1,500	$	-	$	1,500

The majority of the remaining contract termination costs are expected to be paid by the end of fiscal 2017.

11.

New Accounting Pronouncements

ASU No. 2017-04, “Simplifying the Test for Goodwill Impairment”

In January 2017, the FASB issued ASU No. 2017-04, “Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”). ASU 2017-04 removes the requirement to compare the implied fair value of goodwill with its carrying amount as part of step 2 of the goodwill impairment test. As a result, under ASU 2017-04, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit.

SEQUENTIAL BRANDS GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017

(UNAUDITED)

ASU 2017-04 is effective prospectively for annual and interim periods beginning on or after December 15, 2019, and early adoption is permitted on testing dates after January 1, 2017. The Company adopted the provisions of ASU 2017-04 during the first quarter of 2017. The adoption of ASU 2017-04 did not have a material impact on the Company’s consolidated financial statements.

ASU No. 2017-01, “FASB Clarifies the Definition of a Business”

In January 2017, the FASB issued ASU No. 2017-01, “FASB Clarifies the Definition of a Business” (“ASU 2017-01”). ASU 2017-01 clarifies the definition of a business in ASC 805. The amendments in ASU 2017-01 are intended to make application of the guidance more consistent and cost-efficient.

ASU 2017-01 is effective for annual and interim periods beginning after December 15, 2017, with early adoption permitted for transactions that occurred before the issuance date or effective date of the standard if the transactions were not reported in financial statements that have been issued or made available for issuance. The Company does not expect the adoption of ASU 2017-01 to have a material impact on the Company’s consolidated financial statements.

Item 2.

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

This “Management’s Discussion and Analysis of Financial Condition and Results of Operations” or MD&A, should be read in conjunction with our accompanying unaudited condensed consolidated financial statements and related notes and with the MD&A in our Annual Report on Form 10-K for the year ended December 31, 2016. The various sections of this MD&A contain a number of forward-looking statements that involve a number of risks and uncertainties. See the cautionary statement regarding forward-looking statements on page 3 of this Quarterly Report for a description of important factors that could cause actual results to differ from expected results.

Licensing and Brand Management Business

We own a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories, including Martha Stewart, Jessica Simpson, AND1, Avia, Joe’s Jeans, Heelys and GAIAM. We aim to maximize the value of our brands by promoting, marketing and licensing the brands through various distribution channels, including to retailers, wholesalers and distributors in the United States and in certain international territories. Our core strategy is to enhance and monetize the global reach of our existing brands, and to pursue additional strategic acquisitions to grow the scope of and diversify our portfolio of brands.

We aim to acquire well-known consumer brands with high potential for growth and strong brand awareness. We additionally seek to diversify our portfolio by evaluating the strength of targeted brands and the expected viability and sustainability of future royalty streams. Upon the acquisition of a brand, we partner with leading wholesalers and retailers to drive incremental value and maximize brand equity. We focus on certain key initiatives in our licensing and brand management business. These initiatives include:

Maximizing the value of our existing brands by creating efficiencies, adding additional product categories, expanding distribution and retail presence and optimizing sales through innovative marketing that increases consumer brand awareness and loyalty;

Developing international expansion through additional licenses, partnerships and other arrangements with leading retailers and wholesalers outside the United States; and

Acquiring consumer brands (or the rights to such brands) with high consumer awareness, broad appeal and applicability to a wide range of product categories.

Our business is designed to maximize the value of our brands through license agreements with partners that are responsible for manufacturing and distributing our licensed products and, with the exception of our Martha Stewart brand, primarily responsible for the design of such licensed products. Our brands are licensed for a broad range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods, as well as, with respect to our Martha Stewart brand, food, wine, pet supplies and a variety of media related assets, such as magazines, books and other print and digital content. We seek to select licensees who have demonstrated the ability to produce and sell quality products in their respective licensed categories and have the capability to meet or exceed the minimum sales thresholds and guaranteed minimum royalty payments that we generally require.

We license our brands to both wholesale and direct-to-retail licensees. In a wholesale license, a wholesale supplier is granted rights (typically on an exclusive basis) to a single or small group of related product categories for a particular brand for sale to multiple accounts within an approved channel of distribution and territory. In a direct-to-retail license, a single retailer is granted the right (typically on an exclusive basis) to sell branded products in a broad range of product categories through its brick and mortar stores and e-commerce sites. As of March 31, 2017, we had more than one-hundred fifty licensees, with wholesale licensees comprising a significant majority.

Our license agreements typically require a licensee to pay us royalties based upon net sales and, in most cases, contain guaranteed minimum royalties. Our license agreements also require licensees to support the brands by either paying or spending contractually guaranteed minimum amounts for the marketing and advertising of the respective licensed brands. As of March 31, 2017, we had contractual rights to receive an aggregate of $429.6 million in minimum royalty and marketing and advertising revenue from our licensees through the balance of the current terms of such licenses, excluding any renewals.

Fiscal Year

Our fiscal year ends on December 31. Each quarter of each fiscal year ends on March 31, June 30, September 30 and December 31.

Critical Accounting Policies and Estimates

The preparation of our unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to exercise its judgment. We exercise considerable judgment with respect to establishing sound accounting policies and in making estimates and assumptions that affect the reported amounts of our assets and liabilities, our recognition of revenues and expenses, and our disclosure of commitments and contingencies at the date of the financial statements. On an on-going basis, we evaluate our estimates and judgments. We base our estimates and judgments on a variety of factors, including our historical experience, knowledge of our business and industry and current and expected economic conditions, that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. We periodically re-evaluate our estimates and assumptions with respect to these judgments and modify our approach when circumstances indicate that modifications are necessary. While we believe that the factors we evaluate provide us with a meaningful basis for establishing and applying sound accounting policies, we cannot guarantee that the results will always be accurate. Since the determination of these estimates requires the exercise of judgment, actual results could differ from such estimates.

Please refer to our Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on March 14, 2017, for a discussion of our critical accounting policies. During the three months ended March 31, 2017, there were no material changes to these policies.

Correction of Immaterial Error

Results of Operations

Comparison of the Three Months Ended March 31, 2017 to the Three Months Ended March 31, 2016

The following table sets forth, for the periods indicated, results of operations information from our unaudited condensed consolidated financial statements:

	Three Months Ended March 31,						Change			Change
	2017			2016			(Dollars)			(Percentage)
	(in thousands, except percentages)
Net revenue	$	39,400		$	34,008		$	5,392			15.9	%
Operating expenses		23,408			21,977			1,431			6.5	%
Income from operations		15,992			12,031			3,961			32.9	%
Other income		34			93			(59	)		-63.4	%
Interest expense, net		14,486			10,690			3,796			35.5	%
Income before income taxes		1,540			1,434			106			7.4	%
Provision for income taxes		585			399			186			46.6	%
Net income		955			1,035			(80	)		-7.7	%
Net income attributable to noncontrolling interest		(2,135	)		(2,111	)		(24	)		1.1	%
Net loss attributable to Sequential Brands Group, Inc. and Subsidiaries	$	(1,180	)	$	(1,076	)	$	(104	)		9.7	%

Net revenue. The increase in net revenue for the three months ended March 31, 2017 as compared to the three months ended March 31, 2016 is primarily attributable to the acquisition of GAIAM, Inc. during the third quarter of 2016. Net revenue for the three months ended March 31, 2017 consists primarily of licensing revenue earned from our license agreements relating to the Martha Stewart, Jessica Simpson, GAIAM, Avia, AND1, Ellen Tracy and Joe’s Jeans brands. Net revenue for the three months ended March 31, 2016 consists primarily of licensing revenue earned from our license agreements relating to the Martha Stewart, Jessica Simpson, Avia, AND1, Ellen Tracy and Joe’s Jeans brands.

Operating expenses. Operating expenses increased $1.4 million for the three months ended March 31, 2017 to $23.4 million compared to $22.0 million for the three months ended March 31, 2016. This increase was primarily driven by increased stock-based compensation and severance of $6.7 million in connection with the Company’s CEO transition, partially offset by a decrease in restructuring costs of $2.5 million, acquisition related costs of $1.3 million, stock-based compensation costs of $0.8 million and advertising costs of $0.8 million.

Other income. Other income during the three months ended March 31, 2017 and 2016 consists of immaterial items.

Interest expense, net. The year-over-year increase in net interest expense of $3.8 million is primarily due to an increase in interest incurred under our loan agreements. Interest expense during the three months ended March 31, 2017 includes interest incurred under our loan agreements of $13.3 million, non-cash interest related to the amortization of deferred financing costs of $1.0 million and non-cash interest of $0.2 million related to the accretion of the present value of guaranteed contractual payments assumed through certain of the Company’s acquisitions. Interest expense during the three months ended March 31, 2016 includes interest incurred under our loan agreements and interest rate swaps of $10.0 million, non-cash interest related to the amortization of deferred financing costs of approximately $0.4 million and non-cash interest of $0.3 million related to the accretion of the present value of guaranteed contractual payments assumed through certain of the Company’s acquisitions.

Income taxes. The provision for income taxes for the three months ended March 31, 2017 and 2016 represents the non-cash deferred tax expense created by the amortization of certain acquired trademarks for tax but not book purposes and taxes for state, local and foreign jurisdictions. The effective tax rate differs from the statutory tax rate primarily due to benefits from taxes attributable to noncontrolling interest and changes in valuation allowance.

Noncontrolling interest. Noncontrolling interest for the three months ended March 31, 2017 represents net income allocations of $1.9 million to With You, Inc., a member of With You LLC (the partnership between us and Jessica Simpson) and $0.2 million to Elan Polo International, Inc., a member of DVS LLC. Noncontrolling interest for the three months ended March 31, 2016 represents net income allocations of $1.9 million to With You, Inc., $0.1 million to Elan Polo International, Inc. and $0.1 million to JALP, LLC, a member of FUL IP Holdings, LLC.

Liquidity and Capital Resources

As of March 31, 2017, we had cash on hand, including restricted cash, of $23.0 million and a net working capital balance (defined below) of $22.0 million. Additionally, we had outstanding debt obligations under our loan agreements of $655.9 million, which is shown net of $17.0 million of deferred financing fees in the condensed consolidated balance sheets. As of December 31, 2016, we had cash on hand, including restricted cash, of $20.7 million and a net working capital balance (defined below) of $26.8 million. Additionally, we had outstanding debt obligations under our loan agreements of $663.0 million, which is shown net of $18.0 million of deferred financing fees in the condensed consolidated balance sheets. Net working capital is defined as current assets minus current liabilities, excluding restricted cash. We believe that cash from operations and our currently available cash (including available borrowings under our existing financing arrangements and available-for-sale securities) will be sufficient to satisfy our anticipated working capital requirements for the foreseeable future. Overall, we do not expect any negative effects to our funding sources that would have a material effect on our liquidity. We intend to continue financing future brand acquisitions through a combination of cash from operations, bank financing and the issuance of additional equity and/or debt securities. See Note 6 to our condensed consolidated financial statements for a description of certain financing transactions consummated by us. There are no material capital expenditure commitments as of March 31, 2017.

Cash Flows from Operations

Cash flows from operations for operating, financing and investing activities for the three months ended March 31, 2017 and 2016 are summarized in the following table:

	Three Months Ended March 31,
	2017			2016
	(in thousands)
Operating activities	$	13,411		$	6,816
Investing activities		(261	)		(634	)
Financing activities		(10,826	)		(6,363	)
Net increase (decrease) in cash	$	2,324		$	(181	)

Operating Activities

Net cash provided by operating activities from operations increased $6.6 million to $13.4 million for the three months ended March 31, 2017 as compared to $6.8 million for the three months ended March 31, 2016. The $6.6 million increase was primarily attributable to an increase in non-cash items of $3.1 million, changes in accounts payable and accrued expenses of $3.6 million and an increase in accounts receivable of $0.9 million on a year-over-year basis, partially offset by changes in prepaid expenses and other assets of $1.5 million and a decrease in deferred revenue of $0.6 million.

Investing Activities

Net cash used in investing activities from operations decreased $0.3 million to $0.3 million for the three months ended March 31, 2017 compared to $0.6 million for the three months ended March 31, 2016. During the three months ended March 31, 2017, we purchased $0.1 million of property and equipment compared to $0.6 million during the three months ended March 31, 2016.

Financing Activities

Net cash used in financing activities for the three months ended March 31, 2017 increased $4.4 million to $10.8 million compared to $6.4 million for the three months ended March 31, 2016. During the three months ended March 31, 2017, we made principal payments of $7.1 million under our loan agreements in accordance with contractual terms and $2.1 million of distributions to certain noncontrolling interest partners. During the three months ended March 31, 2016, we made principal payments of $4.0 million under our loan agreements in accordance with contractual terms and $1.5 million of distributions to certain noncontrolling interest partners. In addition, during the three months ended March 31, 2017, we repurchased common stock of $1.1 million as compared to $0.5 million during the three months ended March 31, 2016.

Debt

As of March 31, 2017, we were party to a Third Amended and Restated First Lien Credit Agreement with Bank of America, N.A. as administrative and collateral agent (the “Amended BoA Credit Agreement”) and a Third Amended and Restated Credit Agreement with Wilmington Trust, National Association as administrative agent and collateral agent (the “GSO Credit Agreement”), referred to as our loan agreements. Refer to Note 6 to our unaudited condensed consolidated financial statements for a discussion of our borrowings and the terms of these debt facilities. As of March 31, 2017 and December 31, 2016, our long-term debt, including current portion, was $655.9 million and $663.0 million, which is shown net of $17.0 million and $18.0 million of deferred financing fees, respectively, in the condensed consolidated balance sheets. As of March 31, 2017 and December 31, 2016, we had $9.0 million of availability under the current revolving credit facility (the “Revolving Credit Facility”), subject to meeting certain leverage ratios. We may request an increase in (i) the Revolving Credit Facility and Tranche A Loans as would not cause the consolidated first lien leverage ratio, determined on a pro forma basis after giving effect to any such increase, to exceed 2.33:1.00 and (ii) the Tranche A-1 Loans, as would not cause the consolidated first lien leverage ratio, determined on a pro forma basis after giving effect to any such increase, to exceed (a) with respect to any increase, the proceeds of which will be used solely to finance an acquisition, 2.50:100 and (b) with respect to any other increase, 2.40:1.00, subject to the satisfaction of certain conditions in the Amended BoA Credit Agreement. We may request one or more additional term loan facilities or the increase of term loan commitments under the GSO Credit Agreement as would not cause the consolidated total leverage ratio, determined on a pro forma basis after giving effect to any such addition and increase, to exceed 6.00:1.00, subject to the satisfaction of certain conditions in the GSO Credit Agreement. We made $7.1 million of principal repayments under our loan agreements during the three months ended March 31, 2017.

Contractual Obligations

On February 21, 2017, the Company amended the lease of its corporate headquarters which extends the lease through December 31, 2033 and effective in February 2018, lowers the rented square footage to approximately 63,000 square feet of corporate office space and 7,000 square feet of other rentable space. The Company’s contractual obligations as of March 31, 2017 for the amended lease is summarized as follows:

	Payments Due by Period
Contractual Obligations	Total		Less than 1 Year		2-3 Years		4-5 Years		After 5 Years
	(in thousands)
Corporate Headquarters Lease	$	79,373	$	5,404	$	6,631	$	9,492	$	57,846

Future Capital Requirements

We believe cash on hand and cash from operations will be sufficient to meet our capital requirements for the twelve months following the filing of these financial statements. We intend to continue financing future brand acquisitions through a combination of cash from operations, bank financing and the issuance of additional equity or debt securities. The extent of our future capital requirements will depend on many factors, including our results of operations and growth through the acquisition of additional brands, and we cannot be certain that we will be able to obtain additional financing in sufficient amounts or on acceptable terms in the near future, if at all.

Off-Balance Sheet Arrangements

At March 31, 2017 and December 31, 2016, we did not have any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or special purpose entities, which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes. As a result, we are not exposed to any financing, liquidity, market or credit risk that could arise if we had engaged in such relationships.

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

We limit exposure to foreign currency fluctuations by requiring payment under the majority of our licenses to be denominated in U.S. dollars. One of our license agreements is denominated in Canadian dollars. If there were an adverse change in the exchange rate from Canadian to U.S. dollars of 10%, the expected effect on net income would be immaterial.

Our earnings may also be affected by changes in LIBOR interest rates as a result of our loan agreements. As further discussed in Notes 3 and 6 to our accompanying unaudited condensed consolidated financial statements, we have entered into interest rate caps to mitigate the effects of a change in LIBOR interest rates. An increase in LIBOR interest rates of one percent affecting the loan agreements would not have had a material effect on our results of operations during the three months ended March 31, 2017 and 2016.

Item 4.

Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of March 31, 2017, the end of the period covered by this report. Based on, and as of the date of such evaluation, the Chief Executive Officer and the Chief Financial Officer have concluded that our disclosure controls and procedures were effective as of March 31, 2017 such that the information required to be disclosed in our reports filed or submitted to the SEC under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There have not been any changes in our internal control over financial reporting during the quarter ended March 31, 2017 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II

OTHER INFORMATION

Item 1.

Legal Proceedings

MSLO Stockholder Complaint

In connection with the merger of MSLO in December 2015, the following 13 putative stockholder class action lawsuits have been filed in the Court of Chancery of the State of Delaware: (1) David Shaev Profit Sharing Plan f/b/o David Shaev v. Martha Stewart Living Omnimedia Inc. et. al., filed on June 25, 2015; (2) Malka Raul v. Martha Stewart Living Omnimedia Inc. et. al., filed on June 26, 2015; (3) Daniel Lisman v. Martha Stewart Living Omnimedia Inc. et. al., filed on June 29, 2015; (4) Matthew Sciabacucchi v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 2, 2015; (5) Harold Litwin v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 5, 2015; (6) Richard Schiffrin v. Martha Stewart, filed on July 7, 2015; (7) Cedric Terrell v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 8, 2015; (8) Dorothy Moore v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 8, 2015; (9) Paul Dranove v. Pierre De Villemejane. et. al., filed on July 8, 2015; (10) Phuc Nguyen v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 10, 2015; (11) Kenneth Steiner v. Martha Stewart Living Omnimedia Inc. et. al., filed on July 16, 2015; (12) Karen Gordon v. Martha Stewart et. al., filed on July 27, 2015 against the MSLO Board of Directors, Sequential, Madeline Merger Sub, Singer Merger; and (13) Anne Seader v. Martha Stewart Living Omnimedia, Inc. et. al., filed on July 28, 2015. All of the 13 class action lawsuits name the Old Sequential, MSLO, the MSLO board of directors, Madeline Merger Sub, Inc., Singer Merger Sub, Inc. and the Company as defendants and allege that (a) members of the MSLO board of directors breached their fiduciary duties and (b) Old Sequential, MSLO, Madeline Merger Sub, Inc., Singer Merger Sub Inc. and the Company aided and abetted such alleged breaches of fiduciary duties by the MSLO board of directors. On August 18, 2015, the Delaware Chancery Court issued an order consolidating these actions for all purposes under the caption In re Martha Stewart Living Omnimedia, Inc., et. al. to be the operative complaint in the consolidated action. On January 12, 2016, after the consummation of the Mergers, the plaintiffs filed a Verified Consolidated Amended Class Action Complaint, naming Ms. Martha Stewart, the Company, Old Sequential, Madeline Merger Sub, Inc. and Singer Merger Sub, Inc. and alleging that (a) Ms. Stewart breached her fiduciary duties to MSLO’s stockholders and (b) the Company, Old Sequential, Madeline Merger Sub, Inc. and Singer Merger Sub, Inc. aided and abetted Ms. Stewart’s breach of her fiduciary duties. On April 4, 2016, Ms. Stewart and the Sequential defendants filed respective motions to dismiss the Verified Consolidated Amended Class Action Complaint. On June 15, 2016, Lead Plaintiffs sought leave to amend the complaint and file the Verified Second Amended Class Action Complaint, which Judge Slights granted on July 14, 2016. On July 18, 2016, Lead Plaintiffs filed the Verified Second Amended Class Action Complaint against Defendants, asserting that Ms. Stewart breached her fiduciary duties and asserting that Sequential, Madeline Merger Sub, Singer Merger Sub, and Holdings aided and abetted the alleged breach of fiduciary duties. On July 28, 2016, Ms. Stewart and the Sequential defendants filed respective motions to dismiss the Verified Second Amended Class Action Complaint. On October 26, 2016, Lead Plaintiffs filed their opposition to Defendants’ motions to dismiss. On November 29, 2016, Ms. Stewart and the Sequential Defendants filed reply briefs in further supports of their motions to dismiss the Verified Second Amended Class Action Complaint. Oral argument on the motions to dismiss occurred on March 22, 2017. The plaintiffs seek to recover unspecified damages allegedly sustained by the plaintiffs, restitution and disgorgement by Ms. Stewart, the recovery of plaintiffs’ attorney’s fees and other relief. We believe that we have meritorious defenses to the claims made by the plaintiffs, and we are vigorously defending such claims. Litigation costs in this matter may be significant. We do not expect that the ultimate resolution of this matter will have a material effect on our consolidated financial statements.

Other Matters

From time to time, we are involved in legal matters arising in the ordinary course of business. We record a liability for litigation when we believe that it is probable that a loss has been incurred and the amount can be reasonably estimated. If we determine that a loss is reasonably possible and the loss or range of loss can be estimated, we disclose the possible loss. Significant judgment is required to determine both likelihood of there being and the estimated amount of a loss related to such matters.

With respect to our outstanding legal matters, based on our current knowledge, we believe that the amount or range of reasonably possible loss will not, either individually or in the aggregate, have a material adverse effect on our business, financial condition or results of operations. However, the outcome of such legal matters is inherently unpredictable and subject to significant uncertainties. Further, regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors. See Note 7 to our unaudited condensed consolidated financial statements for further discussion of legal proceedings to which we are party.

Item 1A.

Risk Factors

Cautionary Statements and Risk Factors

This Quarterly Report contains forward-looking statements, which are subject to a variety of risks and uncertainties. Our actual results could differ materially from those anticipated in those forward-looking statements as a result of various factors, including those set forth in our Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on March 14, 2017. There have been no material changes to such risk factors during the three months ended March 31, 2017.

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

There have been no unregistered sales of equity securities during the three months ended March 31, 2017.

During the three months ended March 31, 2017, we repurchased 287,641 shares of our common stock from employees for tax withholding purposes related to the vesting of restricted stock. We do not currently have in place a repurchase program with respect to our common stock.

Period	(a) Total Number of Shares (or Units) Purchased (1)		(b) Average Price Paid per Share (or Unit)		(c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs		(d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs

January 1 - 31		-		-		N/A		N/A

February 1 - 28		4,159	$	3.93		N/A		N/A

March 1 - 31		283,482	$	3.69		N/A		N/A

Total		287,641				-		-

(1)

During the first quarter of 2017, 287,641 shares were purchased from employees for tax withholding purposes related to the vesting of restricted stock. All shares were purchased other than through a repurchase plan or program.

Item 6. Exhibits

The following exhibits are filed as part of this report:

Exhibit Number		Exhibit Title

10.1		Amendment to Employment agreement, dated as of January 3, 2017, by and between Sequential Brands Group, Inc. and Gary Klein. Incorporated by reference to Exhibit 10.1 to Sequential Brands Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 4, 2017.

10.2		Employment Agreement, dated as of March 22, 2017, by and between Sequential Brands Group, Inc. and Karen Murray. Incorporated by reference to Exhibit 10.1 to Sequential Brands Group, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 28, 2017.

31.1*		Certification of Principal Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to section 302 of the Sarbanes-Oxley Act of 2002.

31.2*		Certification of Principal Financial Officer pursuant to Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to section 302 of the Sarbanes-Oxley Act of 2002.

32.1**		Certification of Principal Executive Officer and Principal 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.

**Furnished herewith.

SIGNATURES

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

	SEQUENTIAL BRANDS GROUP, INC.

Date: May 10, 2017	/s/ Gary Klein
	By: Gary Klein
	Title: Chief Financial Officer (Principal Financial Officer)

EX-31.1 2 v465986_ex31-1.htm EXHIBIT 31.1

EXHIBIT 31.1

Certification of Principal Executive Officer Pursuant to
Securities Exchange Act Rules 13a-14 and 15d-14
as Adopted Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002

I, Karen Murray, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Sequential Brands Group, Inc.;

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

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

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

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

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

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

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

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of 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: May 10, 2017

	/s/ Karen Murray
	Karen Murray
	Chief Executive Officer

EX-31.2 3 v465986_ex31-2.htm EXHIBIT 31.2

EXHIBIT 31.2

Certification of Principal Financial Officer Pursuant to
Securities Exchange Act Rules 13a-14 and 15d-14
as Adopted Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002

I, Gary Klein, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Sequential Brands Group, Inc.;

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

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

Date: May 10, 2017

	/s/ Gary Klein
	Gary Klein
	Chief Financial Officer

EX-32.1 4 v465986_ex32-1.htm EXHIBIT 32.1

EXHIBIT 32.1

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

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 filing of the Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 (the “Report”) by Sequential Brands Group, Inc. (“Registrant”), the undersigned hereby certifies that, to the best of their knowledge:

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Registrant.

Date: May 10, 2017	/s/ Karen Murray
	Karen Murray
	Chief Executive Officer

Date: May 10, 2017	/s/ Gary Klein
	Gary Klein
	Chief Financial Officer

EX-101.INS 5 sqbg-20170331.xml XBRL INSTANCE DOCUMENT 0001648428 2016-01-01 2016-03-31 0001648428 2017-01-01 2017-03-31 0001648428 2017-03-31 0001648428 2017-04-30 0001648428 2016-12-31 0001648428 2015-12-31 0001648428 2016-03-31 0001648428 us-gaap:PreferredStockMember 2017-03-31 0001648428 us-gaap:CommonStockMember 2017-03-31 0001648428 us-gaap:AdditionalPaidInCapitalMember 2017-03-31 0001648428 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-03-31 0001648428 us-gaap:RetainedEarningsMember 2017-03-31 0001648428 us-gaap:TreasuryStockMember 2017-03-31 0001648428 us-gaap:ParentMember 2017-03-31 0001648428 us-gaap:NoncontrollingInterestMember 2017-03-31 0001648428 us-gaap:PreferredStockMember 2017-01-01 2017-03-31 0001648428 us-gaap:CommonStockMember 2017-01-01 2017-03-31 0001648428 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-03-31 0001648428 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-03-31 0001648428 us-gaap:RetainedEarningsMember 2017-01-01 2017-03-31 0001648428 us-gaap:TreasuryStockMember 2017-01-01 2017-03-31 0001648428 us-gaap:ParentMember 2017-01-01 2017-03-31 0001648428 us-gaap:NoncontrollingInterestMember 2017-01-01 2017-03-31 0001648428 us-gaap:AccountsReceivableMember 2017-01-01 2017-03-31 0001648428 us-gaap:AccountsReceivableMember sqbg:LicenseOneMember 2017-01-01 2017-03-31 0001648428 us-gaap:AccountsReceivableMember sqbg:LicenseTwoMember 2017-01-01 2017-03-31 0001648428 us-gaap:AccountsReceivableMember sqbg:LicenseThreeMember 2017-01-01 2017-03-31 0001648428 sqbg:GaiamBrandHoldcoLlcMember 2016-07-01 0001648428 us-gaap:WarrantMember 2017-01-01 2017-03-31 0001648428 us-gaap:RestrictedStockMember 2017-01-01 2017-03-31 0001648428 us-gaap:StockOptionMember 2017-01-01 2017-03-31 0001648428 us-gaap:WarrantMember 2016-01-01 2016-03-31 0001648428 us-gaap:RestrictedStockMember 2016-01-01 2016-03-31 0001648428 us-gaap:StockOptionMember 2016-01-01 2016-03-31 0001648428 us-gaap:PerformanceSharesMember 2017-01-01 2017-03-31 0001648428 us-gaap:PerformanceSharesMember 2016-01-01 2016-03-31 0001648428 sqbg:AcquisitionHoldBackSharesMember 2017-01-01 2017-03-31 0001648428 sqbg:AcquisitionHoldBackSharesMember 2016-01-01 2016-03-31 0001648428 us-gaap:SalesRevenueServicesNetMember 2017-01-01 2017-03-31 0001648428 us-gaap:SalesRevenueServicesNetMember sqbg:LicenseOneMember 2017-01-01 2017-03-31 0001648428 us-gaap:SalesRevenueServicesNetMember sqbg:LicenseTwoMember 2017-01-01 2017-03-31 0001648428 us-gaap:SalesRevenueServicesNetMember 2016-01-01 2016-03-31 0001648428 us-gaap:SalesRevenueServicesNetMember sqbg:LicenseOneMember 2016-01-01 2016-03-31 0001648428 sqbg:FinancialInstrumentMember sqbg:CarryingValueMember 2017-03-31 0001648428 sqbg:FinancialInstrumentMember sqbg:CarryingValueMember 2016-12-31 0001648428 sqbg:FinancialInstrumentMember sqbg:FairValueMember 2017-03-31 0001648428 sqbg:FinancialInstrumentMember sqbg:FairValueMember 2016-12-31 0001648428 sqbg:FinancialInstrumentMember sqbg:TermLoanMember 2017-03-31 0001648428 sqbg:FinancialInstrumentMember sqbg:RevolvingLoanOneMember 2017-03-31 0001648428 sqbg:FinancialInstrumentMember sqbg:TermLoanMember 2016-12-31 0001648428 sqbg:FinancialInstrumentMember sqbg:RevolvingLoanOneMember 2016-12-31 0001648428 sqbg:FinancialInstrumentMember us-gaap:InterestRateCapMember 2017-03-31 0001648428 sqbg:FinancialInstrumentMember us-gaap:InterestRateCapMember 2016-12-31 0001648428 us-gaap:InterestRateCapMember 2017-03-31 0001648428 sqbg:MarthaStewartLivingOmnimediaAcquisitionMember 2017-01-01 2017-03-31 0001648428 sqbg:AcquisitionOfGaiamIncBrandedConsumerBusinessMember 2017-01-01 2017-03-31 0001648428 sqbg:MarthaStewartLivingOmnimediaAcquisitionMember 2016-01-01 2016-12-31 0001648428 sqbg:AcquisitionOfGaiamIncBrandedConsumerBusinessMember 2016-01-01 2016-12-31 0001648428 us-gaap:TrademarksMember 2017-03-31 0001648428 us-gaap:CustomerContractsMember 2017-03-31 0001648428 sqbg:FavorableLeaseMember 2017-03-31 0001648428 us-gaap:PatentsMember 2017-03-31 0001648428 us-gaap:TrademarksMember 2017-01-01 2017-03-31 0001648428 us-gaap:CustomerContractsMember 2017-01-01 2017-03-31 0001648428 sqbg:FavorableLeaseMember 2017-01-01 2017-03-31 0001648428 us-gaap:PatentsMember 2017-01-01 2017-03-31 0001648428 us-gaap:TrademarksMember 2016-01-01 2016-12-31 0001648428 us-gaap:CustomerContractsMember 2016-01-01 2016-12-31 0001648428 sqbg:FavorableLeaseMember 2016-01-01 2016-12-31 0001648428 us-gaap:PatentsMember 2016-01-01 2016-12-31 0001648428 us-gaap:TrademarksMember 2016-12-31 0001648428 us-gaap:CustomerContractsMember 2016-12-31 0001648428 sqbg:FavorableLeaseMember 2016-12-31 0001648428 us-gaap:PatentsMember 2016-12-31 0001648428 sqbg:GsoCreditAgreementMember sqbg:July2016DebtFacilitiesMember 2016-07-31 0001648428 sqbg:BoaCreditAgreementMember sqbg:July2016DebtFacilitiesMember 2016-07-03 2016-07-31 0001648428 sqbg:BoaCreditAgreementMember sqbg:TrancheMember sqbg:July2016DebtFacilitiesMember 2016-07-31 0001648428 sqbg:BoaCreditAgreementMember sqbg:Tranche1TermLoansMember 2016-07-31 0001648428 sqbg:BoaCreditAgreementMember us-gaap:RevolvingCreditFacilityMember sqbg:July2016DebtFacilitiesMember 2016-07-31 0001648428 sqbg:BoaCreditAgreementMember sqbg:July2016DebtFacilitiesMember 2016-07-31 0001648428 sqbg:BoaCreditAgreementMember sqbg:Tranche1TermLoansMember sqbg:July2016DebtFacilitiesMember 2016-07-31 0001648428 sqbg:BoaCreditAgreementMember us-gaap:RevolvingCreditFacilityMember 2016-07-03 2016-07-31 0001648428 sqbg:BoaCreditAgreementMember 2017-01-01 2017-03-31 0001648428 sqbg:TcpAgreementMember 2013-01-01 0001648428 sqbg:TengramCapitalPartnersGen2FundLpMember 2012-12-31 2013-01-01 0001648428 sqbg:TcpAgreementMember 2014-08-15 0001648428 sqbg:TcmEmployeeMember 2013-07-01 2013-07-30 0001648428 sqbg:TcpEmployeeMember sqbg:VestingOverThreeYearsMember 2014-01-01 2014-12-31 0001648428 sqbg:TcpEmployeeMember sqbg:VestingOverThreeYearsMember 2015-01-01 2015-12-31 0001648428 sqbg:TcpEmployeeMember sqbg:VestingOverThreeYearsMember 2017-01-01 2017-03-31 0001648428 sqbg:TcpEmployeeMember sqbg:VestingOverThreeYearsMember us-gaap:ScenarioForecastMember 2017-01-01 2017-12-31 0001648428 sqbg:TcpEmployeeMember sqbg:VestingOverThreeYearsMember us-gaap:ScenarioForecastMember 2018-01-01 2018-12-31 0001648428 sqbg:TcpEmployeeMember sqbg:VestingOverThreeYearsMember us-gaap:ScenarioForecastMember 2019-01-01 2019-12-31 0001648428 sqbg:TcpEmployeeMember 2017-01-01 2017-03-31 0001648428 sqbg:EsOriginalsIncMember 2016-12-31 0001648428 sqbg:EsOriginalsIncMember 2017-03-31 0001648428 sqbg:EsOriginalsIncMember 2016-01-01 2016-03-31 0001648428 sqbg:EsOriginalsIncMember 2017-01-01 2017-03-31 0001648428 sqbg:FulMember 2014-11-17 0001648428 sqbg:EsOriginalsIncMember 2014-11-01 2014-11-17 0001648428 sqbg:TcpAgreementMember 2017-01-01 2017-03-31 0001648428 us-gaap:EmployeeSeveranceMember 2016-01-01 2016-03-31 0001648428 sqbg:ProfessionalFeeMember 2016-01-01 2016-03-31 0001648428 us-gaap:ContractTerminationMember 2016-01-01 2016-03-31 0001648428 sqbg:AssetWriteoffsMember 2016-01-01 2016-03-31 0001648428 us-gaap:RestatementAdjustmentMember 2016-01-01 2016-03-31 0001648428 us-gaap:AccountsReceivableMember 2016-01-01 2016-12-31 0001648428 us-gaap:AccountsReceivableMember sqbg:LicenseOneMember 2016-01-01 2016-12-31 0001648428 us-gaap:AccountsReceivableMember sqbg:LicenseTwoMember 2016-01-01 2016-12-31 0001648428 us-gaap:AccountsReceivableMember sqbg:LicenseThreeMember 2016-01-01 2016-12-31 0001648428 us-gaap:AccountsReceivableMember sqbg:LicenseFourMember 2016-01-01 2016-12-31 0001648428 us-gaap:SalesRevenueServicesNetMember sqbg:LicenseThreeMember 2017-01-01 2017-03-31 0001648428 us-gaap:EmployeeSeveranceMember 2016-12-31 0001648428 us-gaap:ContractTerminationMember 2016-12-31 0001648428 sqbg:ProfessionalFeeMember 2016-12-31 0001648428 sqbg:TotalAccrualMember 2016-12-31 0001648428 us-gaap:EmployeeSeveranceMember 2017-03-31 0001648428 us-gaap:ContractTerminationMember 2017-03-31 0001648428 sqbg:ProfessionalFeeMember 2017-03-31 0001648428 sqbg:TotalAccrualMember 2017-03-31 0001648428 us-gaap:EmployeeSeveranceMember 2017-01-01 2017-03-31 0001648428 us-gaap:ContractTerminationMember 2017-01-01 2017-03-31 0001648428 sqbg:ProfessionalFeeMember 2017-01-01 2017-03-31 0001648428 sqbg:TotalAccrualMember 2017-01-01 2017-03-31 0001648428 us-gaap:InterestRateCapMember 2016-12-31 0001648428 us-gaap:InterestRateCapMember 2016-01-01 2016-12-31 0001648428 us-gaap:InterestExpenseMember 2017-01-01 2017-03-31 0001648428 us-gaap:InterestExpenseMember 2016-01-01 2016-03-31 0001648428 sqbg:IpLicenseAgreementAndIntangibleAssetAgreementMember 2017-01-01 2017-03-31 0001648428 sqbg:TcpEmployeeMember 2016-01-01 2016-03-31 0001648428 sqbg:FulMember 2016-01-01 2016-03-31 0001648428 sqbg:IpLicenseAgreementAndIntangibleAssetAgreementMember 2016-01-01 2016-03-31 0001648428 us-gaap:EmployeeStockOptionMember 2016-12-31 0001648428 us-gaap:EmployeeStockOptionMember 2017-01-01 2017-03-31 0001648428 us-gaap:EmployeeStockOptionMember 2017-03-31 0001648428 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-12-31 0001648428 sqbg:ChangesInNonvestedStockOptionsMember 2016-12-31 0001648428 sqbg:ChangesInNonvestedStockOptionsMember 2017-01-01 2017-03-31 0001648428 sqbg:ChangesInNonvestedStockOptionsMember 2017-03-31 0001648428 sqbg:GsoTermLoanAgreementMember sqbg:July2016DebtFacilitiesMember 2016-07-03 2016-07-31 0001648428 us-gaap:RevolvingCreditFacilityMember sqbg:Tranche1TermLoansMember sqbg:BoaCreditAgreementMember 2016-07-03 2016-07-31 0001648428 us-gaap:WarrantMember 2016-12-31 0001648428 us-gaap:WarrantMember 2017-01-01 2017-03-31 0001648428 us-gaap:WarrantMember 2017-03-31 0001648428 sqbg:Tranche1TermLoansMember us-gaap:RevolvingCreditFacilityMember 2016-07-03 2016-07-31 0001648428 sqbg:TrancheMember us-gaap:RevolvingCreditFacilityMember sqbg:BoaCreditAgreementMember sqbg:July2016DebtFacilitiesMember 2016-07-03 2016-07-31 0001648428 us-gaap:WarrantMember 2016-01-01 2016-12-31 0001648428 sqbg:ChangesInUnvestedWarrantsMember 2016-12-31 0001648428 sqbg:ChangesInUnvestedWarrantsMember 2017-01-01 2017-03-31 0001648428 sqbg:ChangesInUnvestedWarrantsMember 2017-03-31 0001648428 us-gaap:EmployeeStockOptionMember 2017-01-01 2017-03-31 0001648428 us-gaap:WarrantMember 2016-01-01 2016-03-31 0001648428 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-03-31 0001648428 us-gaap:RestrictedStockMember 2016-12-31 0001648428 us-gaap:RestrictedStockMember 2017-01-01 2017-03-31 0001648428 us-gaap:RestrictedStockMember 2017-03-31 0001648428 us-gaap:RestrictedStockMember 2016-01-01 2016-12-31 0001648428 us-gaap:RestrictedStockUnitsRSUMember 2016-12-31 0001648428 us-gaap:RestrictedStockUnitsRSUMember 2017-01-01 2017-03-31 0001648428 us-gaap:RestrictedStockUnitsRSUMember 2017-03-31 0001648428 us-gaap:RestrictedStockUnitsRSUMember 2016-01-01 2016-12-31 0001648428 us-gaap:PerformanceSharesMember 2016-12-31 0001648428 us-gaap:PerformanceSharesMember 2017-03-31 0001648428 us-gaap:PerformanceSharesMember 2016-01-01 2016-12-31 0001648428 us-gaap:RestrictedStockMember 2016-01-01 2016-03-31 0001648428 us-gaap:RestrictedStockMember us-gaap:ChiefExecutiveOfficerMember 2017-01-01 2017-03-31 0001648428 us-gaap:RestrictedStockMember us-gaap:ChiefFinancialOfficerMember 2017-01-01 2017-03-31 0001648428 us-gaap:RestrictedStockMember sqbg:EmployeesMember 2016-01-01 2016-03-31 0001648428 sqbg:EmployeesMember 2017-01-01 2017-03-31 0001648428 sqbg:EmployeesMember 2016-01-01 2016-03-31 0001648428 sqbg:PerformanceStockUnitsMember us-gaap:ChiefExecutiveOfficerMember 2017-01-01 2017-03-31 0001648428 sqbg:PerformanceStockUnitsMember 2017-02-01 2017-02-28 0001648428 sqbg:PerformanceStockUnitsMember us-gaap:ChiefFinancialOfficerMember 2017-01-01 2017-03-31 0001648428 sqbg:PerformanceStockUnitsMember us-gaap:ChiefExecutiveOfficerMember 2016-01-01 2016-03-31 0001648428 sqbg:PerformanceStockUnitsMember 2016-01-01 2016-03-31 0001648428 sqbg:PerformanceStockUnitsMember 2016-02-01 2016-02-23 0001648428 sqbg:PerformanceStockUnitsMember us-gaap:ChiefFinancialOfficerMember 2016-01-01 2016-03-31 0001648428 sqbg:PerformanceStockUnitsMember 2017-01-01 2017-03-31 0001648428 us-gaap:PreferredStockMember 2016-12-31 0001648428 us-gaap:CommonStockMember 2016-12-31 0001648428 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0001648428 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0001648428 us-gaap:RetainedEarningsMember 2016-12-31 0001648428 us-gaap:TreasuryStockMember 2016-12-31 0001648428 us-gaap:ParentMember 2016-12-31 0001648428 us-gaap:NoncontrollingInterestMember 2016-12-31 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure

21457000

19133000

44879000

53195000

6178000

7673000

4822000

4366000

78857000

85888000

6815000

7674000

1030065000

1030212000

307744000

3158000

3345000

1426639000

1434863000

17514000

18915000

28300000

55349000

57589000

610647000

616735000

200930000

200357000

8299000

8705000

888221000

897295000

632000

624000

507103000

502564000

-1623000

-144000

-40831000

-39651000

1702000

638000

463579000

462755000

74839000

74813000

538418000

537568000

1426639000

1434863000

1521000

9535000

10374000

12996000

13909000

39400000

34008000

23408000

21977000

15992000

12031000

34000

93000

-14486000

-10690000

1540000

1434000

585000

399000

955000

1035000

2111000

-1180000

-1076000

-0.02

62459711

61209868

632000

507103000

-1623000

-40831000

-1702000

463579000

74839000

63381607

-385327

4550000

8000

4542000

4550000

779566

1064000

287641

-2109000

2135000

-1180000

-1495000

16000

1293000

1143000

4550000

1780000

987000

432000

-2000

-501000

573000

368000

-8278000

-7348000

222000

-1291000

-1504000

-5136000

-1752000

-1134000

244000

-887000

13411000

6816000

130000

72000

133000

607000

2000

45000

-261000

-634000

7075000

4000000

1064000

501000

2109000

1537000

-10826000

-6363000

2324000

-181000

41560000

41379000

13393000

10000000

81000

575000 325000 3000 0

28000

38000

75000

31000

-1495000

1002000

200000

0.48

0.17

0.16

0.15

1495000

6178000

12048000

7673000

12048000

7673000

0.499

62459711

61209868

0 0

62459711

61209868

352905

1541313

88941

330671

94236

12796

263964

408555

695055

0.1

0.11

0.1

0.11

6178000

7673000

6178000

2053000

1995000

2053000

1995000

7673000

546397000

61712000

551324000

60755000

575425000

80500000

582500000

80500000

1120000

1248000

1120000

1104000

500000000

128000

-11249000

4705000

314288000

4990000

2832000

537000

665000

1641000

1915000

537000

247000

3349000

917000

418000

1025381000

P15Y

P4Y

P2Y

P10Y

P15Y

P4Y

P2Y

P10Y

4981000

2832000

537000

665000

1558000

1738000

537000

230000

3423000

1094000

435000

1025260000

638000

782000

592000

402000

399000

1871000

300000

80500000

16978000

17965000

638947000

645035000

575425000

582500000

415000000

287500000

133000000

44500000

110000000

258000000

133000000

44500000

80500000

0.00375

5000000

1000000 0.05 900000

125000

180000

0.2

0.6

0.333

0.334

100000

200000

7100000

7000000

3700000

3800000

8900000

0.505

4500000

12000000 600000 1700000

11900000

2500000

1200000

500000

400000

9000000

1500000

0.01

10000000

0.01

150000000

63381607

62996280

62602041

62504355

385327

97686

3000 0 0 3000 0 0 0 3000 0 -16000 0

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.5in"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> 1.</b></font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Organization and Nature of Operations</b></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.75in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Overview</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Sequential Brands Group, Inc. (the “Company”) owns a portfolio of consumer brands in the fashion, active and home categories. The Company aims to maximize the strategic value of its brands by promoting, marketing and licensing its global brands through various distribution channels, including to retailers, wholesalers and distributors in the United States and in certain international territories. The Company’s core strategy is to enhance and monetize the global reach of its existing brands, and to pursue additional strategic acquisitions to grow the scope of and diversify its portfolio of brands. The Company licenses brands to both wholesale and direct-to-retail licensees. In a wholesale license, a wholesale supplier is granted rights (typically on an exclusive basis) to a single or small group of related product categories for a particular brand for sale to multiple accounts within an approved channel of distribution and territory. In a direct-to-retail license, a single retailer is granted the right (typically on an exclusive basis) to sell branded products in a broad range of product categories through its brick and mortar stores and e-commerce sites. As of March 31, 2017, the Company had more than one-hundred fifty licensees, with wholesale licensees comprising a significant majority.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

10-Q false 2017-03-31 2017 Q1 Sequential Brands Group, Inc. 0001648428 --12-31 Accelerated Filer SQBG 62996280

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>Accounts Receivable</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Accounts receivable are recorded net of allowances for doubtful accounts, based on the Company’s ongoing discussions with its licensees and other customers and its evaluation of their creditworthiness, payment history and account aging. Accounts receivable balances deemed to be uncollectible are charged to the allowance for doubtful accounts after all means of collection have been exhausted and the potential for recovery is considered remote. The allowance for doubtful accounts was approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.2</font></font> million as of each of March 31, 2017 and December 31, 2016.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company’s accounts receivable, net amounted to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">44.9</font> million and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">53.2</font> million as of March 31, 2017 and December 31, 2016, respectively. Three licensees accounted for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 48</font>% (<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">17</font>%, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 16</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 15</font>%) of the Company’s total consolidated accounts receivable balance as of March 31, 2017 and four licensees accounted for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 49</font>% (<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">14</font>%, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 13</font>%, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 12</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>%) of the Company’s total consolidated accounts receivable balance as of December 31, 2016. The Company does not believe the accounts receivable balance from these licensees represents a significant collection risk based on past collection experience.</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>Goodwill and Intangible Assets</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. In evaluating goodwill for impairment, the Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Qualitative factors considered include, for example, macroeconomic and industry conditions, overall financial performance, and other relevant entity-specific events. If the Company bypasses the qualitative assessment, or concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, it then performs a goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment to be recognized, if any.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company will compare the estimated fair value of the reporting unit with its carrying value.  The Company has determined that it has a single reporting unit and considers its market capitalization (calculated as total common shares outstanding multiplied by the common equity price per share, as adjusted for a control premium factor) to represent its estimated fair value.  If the estimated fair value of the reporting unit exceeds its carrying amount, no further analysis is needed. If, however, the estimated fair value of the reporting unit is less than its carrying amount, the Company will recognize an impairment charge for the amount by which the carrying value exceeds the reporting unit’s fair value.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> </div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Intangible assets represent trademarks, customer agreements and patents related to the Company’s brands and a favorable lease. Finite-lived intangible assets are amortized on a straight-line basis over the estimated useful lives of the assets. Indefinite-lived intangible assets are not amortized, but instead are subject to impairment evaluation. The carrying value of intangible assets and other finite-lived assets is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Indefinite-lived intangible assets are tested for impairment on an annual basis and between annual tests if an event occurs or circumstances change that indicate that the carrying amount of the indefinite-lived intangible asset may not be recoverable. When conducting its impairment assessment, the Company initially performs a qualitative evaluation of whether it is more likely than not that the asset is impaired. If it is determined by a qualitative evaluation that it is more likely than not that the asset is impaired, the Company then tests the asset for recoverability. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to its future undiscounted net cash flows. If the carrying amount of such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the recoverability of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>Stock-Based Compensation</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Compensation cost for restricted stock is measured using the quoted market price of the Company’s common stock at the date the common stock is granted. For restricted stock and restricted stock units, for which restrictions lapse with the passage of time (“time-based restricted stock”), compensation cost is recognized on a straight-line basis over the period between the issue date and the date that restrictions lapse. Time-based restricted stock is included in total shares of common stock outstanding upon the lapse of applicable restrictions. For restricted stock, for which restrictions are based on performance measures (“performance stock units” or “PSUs”), restrictions lapse when those performance measures have been deemed achieved. Compensation cost for PSUs is recognized on a straight-line basis during the period from the date on which the likelihood of the PSUs being earned is deemed probable and (x) the end of the fiscal year during which such PSUs are granted or (y) the date on which awards of such PSUs may be approved by the compensation committee of the Company’s board of directors (the “Compensation Committee”) on a discretionary basis, as applicable. PSUs are included in total shares of common stock outstanding upon the lapse of applicable restrictions. PSUs are included in total diluted shares of common stock outstanding when the performance measures have been deemed achieved but the PSUs have not yet been issued.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Fair value cost for stock options and warrants is calculated using the Black-Scholes valuation model and is expensed on a straight-line basis over the requisite service period of the grant.  The Company elected to early adopt the provisions of ASU 2016-09 “Simplifying the Accounting for Share-Based Payments” (“ASU 2016-09”) and will reduce compensation cost for actual forfeitures as they occur. Prior to the adoption to ASU 2016-09, the Company’s estimated forfeiture rate utilized in calculating compensation cost was zero percent based on the Company’s limited historical forfeiture experience.</div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">At each subsequent reporting period prior to the lapse of restrictions on warrants, time-based restricted stock and PSUs granted to non-employees, the Company remeasures the aggregate compensation cost of such grants using the Company’s fair value at the end of such reporting period and revises the straight-line recognition of compensation cost in line with such remeasured amount.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong>Earnings Per Share</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Basic earnings per share (“EPS”) is computed by dividing net income (loss) attributable to Sequential Brands Group, Inc. and Subsidiaries by the weighted-average number of common shares outstanding during the reporting period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the reporting period, including stock options, PSUs and warrants, using the treasury stock method, and convertible debt, using the if-converted method. Diluted EPS excludes all potentially dilutive shares of common stock if their effect is anti-dilutive. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The shares used to calculate basic and diluted EPS consist of the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 1.25in; WIDTH: 70%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both"> Three Months Ended March 31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Basic weighted-average common shares outstanding</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">62,459,711</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">61,209,868</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Acquisition hold back shares</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Warrants</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Stock options</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Performance based restricted stock</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Unvested restricted stock</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Diluted weighted-average common shares outstanding</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">62,459,711</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">61,209,868</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The computation of diluted EPS for the three months ended March 31, 2017 and 2016 excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 1.25in; WIDTH: 70%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both"> Three Months Ended March 31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Acquisition hold back shares</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">695,055</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Warrants</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">330,671</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Stock options</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12,796</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Performance based restricted stock</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">263,964</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">408,555</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Unvested restricted stock</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">88,941</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">94,236</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">352,905</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,541,313</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.45pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Contingent Consideration</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company recognizes the acquisition-date fair value of contingent consideration as part of the consideration transferred in exchange for the acquiree or assets of the acquiree in a business combination.  The contingent consideration is classified as either a liability or equity in accordance with ASC 480-10, <i>Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity</i>.  If classified as a liability, the liability is remeasured to fair value at each subsequent reporting date until the contingency is settled.  Increases in fair value are recorded as losses, while decreases are recorded as gains.  If classified as equity, contingent consideration is not remeasured and subsequent settlement is accounted for within equity.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The shares used to calculate basic and diluted EPS consist of the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 1.25in; WIDTH: 70%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both"> Three Months Ended March 31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Basic weighted-average common shares outstanding</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">62,459,711</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">61,209,868</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Acquisition hold back shares</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Warrants</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Stock options</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Performance based restricted stock</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Unvested restricted stock</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Diluted weighted-average common shares outstanding</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">62,459,711</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">61,209,868</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

300000

0.49

0.14

0.13

0.12

0.1

200000

0.1

0 0

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table sets forth the carrying value and the fair value of the Company’s financial assets and liabilities required to be disclosed at March 31, 2017 and December 31, 2016:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="39%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div>Carrying Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div>Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="39%"> <div>Financial Instrument</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Level</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>3/31/2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>12/31/2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>3/31/2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>12/31/2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="39%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="47%" colspan="11"> <div>(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div>Available-for-sale securities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6,178</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7,673</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6,178</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7,673</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div>Interest rate cap</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,120</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,248</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,120</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,104</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div>2016 Term Loans</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>575,425</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>582,500</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>546,397</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>551,324</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div>2016 Revolving Loan</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>80,500</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>80,500</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>61,712</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>60,755</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div>LNT Contingent Earn Out</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div>Legacy Payments</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,053</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,995</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,053</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,995</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

1500000

500000000

0.0150

2018-11-23

1500000

0.035

100000

P5Y for calendar years 2018 through 2020 exceed $195 million or the gross licensing revenues for calendar year 2020 equal or exceed $65 million.

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.75in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Intangible assets are summarized as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.65in; WIDTH: 80%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="32%"> <div>March 31, 2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Useful Lives<br/> (Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Gross<br/> Carrying<br/> Amount</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Accumulated<br/> Amortization</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Net<br/> Carrying<br/> Amount</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%" colspan="8"> <div>(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Finite-lived intangible assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Trademarks</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>15</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4,990</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,641)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,349</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Customer agreements</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,832</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,915)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>917</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Favorable lease</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>537</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(537)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Patents</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>10</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>665</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(247)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>418</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>9,024</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>(4,340)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>4,684</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Indefinite-lived intangible assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Trademarks</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,025,381</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Intangible assets, net</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,030,065</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.65in; WIDTH: 80%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="32%"> <div>December 31, 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Useful Lives<br/> (Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Gross<br/> Carrying<br/> Amount</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Accumulated<br/> Amortization</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Net<br/> Carrying<br/> Amount</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%" colspan="8"> <div>(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Finite-lived intangible assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Trademarks</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>15</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4,981</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,558)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,423</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Customer agreements</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,832</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,738)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,094</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Favorable lease</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>537</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(537)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Patents</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>10</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>665</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(230)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>435</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>9,015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>(4,063)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>4,952</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Indefinite-lived intangible assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Trademarks</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,025,260</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Intangible assets, net</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,030,212</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

100000

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.5in"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>5.</strong></font></td> <td style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>Intangible Assets</strong></font></td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.75in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Intangible assets are summarized as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.65in; WIDTH: 80%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="32%"> <div>March 31, 2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Useful Lives<br/> (Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Gross<br/> Carrying<br/> Amount</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Accumulated<br/> Amortization</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Net<br/> Carrying<br/> Amount</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%" colspan="8"> <div>(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Finite-lived intangible assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Trademarks</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>15</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4,990</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,641)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,349</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Customer agreements</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,832</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,915)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>917</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Favorable lease</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>537</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(537)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Patents</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>10</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>665</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(247)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>418</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>9,024</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>(4,340)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>4,684</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Indefinite-lived intangible assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Trademarks</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,025,381</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Intangible assets, net</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,030,065</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 0.65in; WIDTH: 80%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="32%"> <div>December 31, 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div>Useful Lives<br/> (Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Gross<br/> Carrying<br/> Amount</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Accumulated<br/> Amortization</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Net<br/> Carrying<br/> Amount</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="35%" colspan="8"> <div>(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Finite-lived intangible assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Trademarks</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>15</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4,981</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,558)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3,423</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Customer agreements</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,832</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,738)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,094</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Favorable lease</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>537</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(537)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Patents</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>10</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>665</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(230)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>435</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>9,015</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>(4,063)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>4,952</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Indefinite-lived intangible assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Trademarks</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,025,260</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="32%"> <div>Intangible assets, net</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,030,212</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Estimated future annual amortization expense for intangible assets in service as of March 31, 2017 is summarized as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 1.75in; WIDTH: 50%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="37%"> <div>Years ending December 31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="37%"> <div>Remainder of 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>638</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="37%"> <div>2018</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>782</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="37%"> <div>2019</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>592</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="37%"> <div>2020</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>402</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="37%"> <div>2021</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>399</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="37%"> <div>Thereafter</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>1,871</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="37%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>4,684</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Amortization expense amounted to approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.3</font> million for each of the three months ended March 31, 2017 and 2016.</div>  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Finite-lived intangible assets represent trademarks, customer agreements and patents related to the Company’s brands and a favorable lease. Finite-lived assets are amortized on a straight-line basis over the estimated useful lives of the assets. Indefinite-lived intangible assets are not amortized, but instead are subject to impairment evaluation. The carrying value of finite-lived intangible assets and other long-lived assets is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Historically, indefinite-lived intangible assets have been tested for impairment on an annual basis at December 31 and between annual tests if an event occurs or circumstances change that indicate that the carrying amount of the indefinite-lived intangible asset may not be recoverable. When conducting its impairment assessment, the Company initially performs a qualitative evaluation of whether it is more likely than not that the asset is impaired. If it is determined by a qualitative evaluation that it is more likely than not that the asset is impaired, the Company then tests the asset for recoverability. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to its expected future undiscounted net cash flows. If the carrying amount of such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the recoverability of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. No events or circumstances indicate an impairment has been identified subsequent to the Company’s October 1, 2016 impairment testing.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

100000

9024000

4340000

4684000

9015000

4063000

4952000

300000

1300000 300000

200000

300000

200000

2016000000

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0in"></td> <td style="TEXT-ALIGN: left; WIDTH: 0.5in"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>8.</strong></font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>Stock-based Compensation</strong></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i>Stock Options</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-WEIGHT: normal">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table summarizes the Company’s stock option activity for the three months ended March 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.2in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Exercise<br/> Price</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average<br/> Remaining<br/> Contractual Life<br/> (in Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Aggregate<br/> Intrinsic Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="47%" colspan="11"> <div> (in thousands, except share and per share data)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Outstanding - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>129,501</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>9.65</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.3</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Exercised</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Forfeited or Canceled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(40,500)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(12.19)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Outstanding - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>89,001</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8.49</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.9</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Exercisable - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>89,001</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8.49</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.9</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A summary of the changes in the Company’s unvested stock options is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 1.25in; WIDTH: 70%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Grant<br/> Date Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Unvested - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>5,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1.96</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(5,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1.96)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Forfeited or Canceled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Unvested - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company did not grant any stock options during the three months ended March 31, 2017 and 2016.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Total compensation expense related to stock options for each of the three months ended March 31, 2017 and 2016 was less than $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.1</font></font> million. At March 31, 2017 there is no unrecognized compensation expense related to stock options.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><i>Warrants</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table summarizes the Company’s outstanding warrants for the three months ended March 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.2in; WIDTH: 94%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Warrants</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Exercise<br/> Price</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average<br/> Remaining<br/> Contractual Life<br/> (in Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Aggregate<br/> Intrinsic Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="47%" colspan="11"> <div> (in thousands, except share and per share data)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Outstanding - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>801,760</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7.87</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3.1</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>51</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Exercised</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Forfeited or Canceled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Outstanding - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>801,760</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7.87</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Exercisable - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>776,760</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7.69</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.7</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A summary of the changes in the Company’s unvested warrants is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 1.25in; WIDTH: 70%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Warrants</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Grant<br/> Date Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Unvested - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>50,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(25,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Forfeited or Canceled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Unvested - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>25,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company did not issue any warrants during the three months ended March 31, 2017 and 2016.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Total compensation expense related to warrants for the three months ended March 31, 2017 and 2016 was less than $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.1</font> million and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.1</font> million, respectively. Total unrecognized compensation expense related to warrants at March 31, 2017 amounted to less than $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.1</font> million and is expected to be recognized over a weighted average period of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 0.2</font> years.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> </div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><i>Restricted Stock</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>A summary of the time-based restricted stock activity for the three months ended March 31, 2017 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.2in; WIDTH: 94%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Shares</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Grant<br/> Date Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average<br/> Remaining<br/> Contractual Life<br/> (in Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="36%" colspan="9"> <div> (in thousands, except share and per share data)</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>258,787</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8.45</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.1</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(45,834)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(5.84)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>212,953</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>9.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.3</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company did not grant time-based restricted stock during the three months ended March 31, 2017 and 2016.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Total compensation expense related to time-based restricted stock and time-based restricted stock unit grants for the three months ended March 31, 2017 and 2016 was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.1</font> million and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.3</font> million, respectively.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i> </i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><i>Restricted Stock Units</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>A summary of the time-based restricted stock units activity for the three months ended March 31, 2017 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.2in; WIDTH: 94%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Shares</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Grant<br/> Date Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average<br/> Remaining<br/> Contractual Life<br/> (in Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="36%" colspan="9"> <div> (in thousands, except share and per share data)</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>326,667</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8.52</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.5</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>60,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4.89</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(78,333)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(13.27)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>308,334</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6.60</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.2</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">During the three months ended March 31, 2017, the Company accelerated the vesting of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 66,667</font> shares of time-based restricted stock units for the Company’s former Chief Executive Officer in connection with the CEO transition. Total compensation expense related to these shares of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.7</font> million was recorded as operating expenses in the unaudited condensed consolidated statement of operations for the three months ended March 31, 2017.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">During the three months ended March 31, 2017, the Company granted <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 60,000</font> time-based restricted stock units to the Company’s Chief Financial Officer pursuant to an amended employment agreement, dated January 3, 2017. These shares of time-based restricted stock units had a grant date fair value of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.3</font> million and vest over a period of two years. The Company recorded less than $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.1</font> million during the three months ended March 31, 2017 as compensation expense pertaining to this grant.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">During the three months ended March 31, 2016, the Company issued <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 35,000</font> shares of time-based restricted stock units to an employee for future services. These shares of time-based restricted stock had a grant date fair value of approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.3</font> million and vest over a period of three years. The Company recorded less than $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.1</font></font> million during the each of the three months ended March 31, 2017 and 2016 as compensation expense pertaining to this grant.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Total compensation expense related to time-based restricted stock unit grants for the three months ended March 31, 2017 and 2016 was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.0</font> million and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.1</font> million, respectively.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">   </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <i>Performance Stock Units</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>A summary of the PSUs activity for the three months ended March 31, 2017 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.2in; WIDTH: 94%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Shares</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Grant<br/> Date Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average<br/> Remaining<br/> Contractual Life<br/> (in Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="36%" colspan="9"> <div> (in thousands, except share and per share data)</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,803,367</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8.18</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.4</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(701,233)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(10.97)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Forfeited or Cancelled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(437,500)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(7.23)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,664,634</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4.31</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.7</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company did not grant any PSUs during the three months ended March 31, 2017.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">During the three months ended March 31, 2017, the Company accelerated the vesting of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 200,000</font> PSUs for the Company’s former Chief Executive Officer in connection with the CEO transition. Total compensation expense related to these PSUs of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.9</font> million was recorded as operating expenses in the unaudited condensed consolidated statement of operations for the three months ended March 31, 2017.</div>   <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">On February 28, 2017, the Compensation Committee voted to approve, on a discretionary basis, an award of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 164,978</font> PSUs to employees and consultants. Included in the above award were <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 60,000</font> PSUs and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 36,000</font> PSUs for the Company’s former Chief Executive Officer and Chief Financial Officer, respectively. The fair value and expense recorded for such PSUs was based on the closing price of the Company’s common stock on the date the modification of the performance metric was communicated to employees and consultants. Total compensation expense related to these PSUs of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.6</font> million was recorded as operating expenses in the unaudited condensed consolidated statement of operations for the three months ended March 31, 2017.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">During the three months ended March 31, 2016, the Company granted <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 30,000</font> PSUs to an employee upon the commencement of his employment with the Company. These PSUs had a grant date fair value of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.2</font> million and vest over a period of three years and require achievement of certain of the Company’s performance metrics within each fiscal year for such PSUs to be earned. The Company did not record any compensation expense during the three months ended March 31, 2017 as the likelihood of the remaining PSUs being earned was not probable. The Company recorded less than $0.1 million during the three months ended March 31, 2016 as compensation expense in the unaudited condensed consolidated statement of operations pertaining to these PSUs as the likelihood of certain PSUs being earned became probable.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">On February 23, 2016, the Compensation Committee voted to approve, on a discretionary basis, an award of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 69,994</font> PSUs to employees and consultants. Included in the above award were <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 20,000</font> PSUs and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 12,000</font> PSUs for the Company’s former Chief Executive Officer and Chief Financial Officer, respectively. The fair value and expense recorded for such PSUs was based on the closing price of the Company’s common stock on the date the modification of the performance metric was communicated to employees and consultants. Total compensation expense related to these PSUs of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.4</font> million was recorded as operating expenses in the unaudited condensed consolidated statement of operations for the three months ended March 31, 2016.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Total compensation expense related to the PSUs for the three months ended March 31, 2017 and 2016 was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3.5</font> million and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.3</font> million, respectively.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table summarizes the Company’s stock option activity for the three months ended March 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.2in; WIDTH: 92%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Exercise<br/> Price</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average<br/> Remaining<br/> Contractual Life<br/> (in Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Aggregate<br/> Intrinsic Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="47%" colspan="11"> <div> (in thousands, except share and per share data)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Outstanding - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>129,501</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>9.65</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.3</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Exercised</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Forfeited or Canceled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(40,500)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(12.19)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Outstanding - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>89,001</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8.49</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.9</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="43%"> <div>Exercisable - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>89,001</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8.49</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.9</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A summary of the changes in the Company’s unvested stock options is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 1.25in; WIDTH: 70%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Options</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Grant<br/> Date Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Unvested - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>5,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1.96</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(5,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1.96)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Forfeited or Canceled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Unvested - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The following table summarizes the Company’s outstanding warrants for the three months ended March 31, 2017:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.2in; WIDTH: 94%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Warrants</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Exercise<br/> Price</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average<br/> Remaining<br/> Contractual Life<br/> (in Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Aggregate<br/> Intrinsic Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="47%" colspan="11"> <div> (in thousands, except share and per share data)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Outstanding - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>801,760</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7.87</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>3.1</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>51</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Exercised</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Forfeited or Canceled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Outstanding - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>801,760</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7.87</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.8</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 3px double; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Exercisable - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>776,760</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>7.69</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.7</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A summary of the changes in the Company’s unvested warrants is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 1.25in; WIDTH: 70%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Warrants</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Grant<br/> Date Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Unvested - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>50,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(25,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Forfeited or Canceled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Unvested - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>25,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6.32</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A summary of the time-based restricted stock activity for the three months ended March 31, 2017 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.2in; WIDTH: 94%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Shares</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Grant<br/> Date Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average<br/> Remaining<br/> Contractual Life<br/> (in Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="36%" colspan="9"> <div> (in thousands, except share and per share data)</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>258,787</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8.45</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.1</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(45,834)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(5.84)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>212,953</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>9.01</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.3</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> </div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A summary of the time-based restricted stock units activity for the three months ended March 31, 2017 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.2in; WIDTH: 94%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Shares</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Grant<br/> Date Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average<br/> Remaining<br/> Contractual Life<br/> (in Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="36%" colspan="9"> <div> (in thousands, except share and per share data)</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>326,667</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8.52</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.5</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>60,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4.89</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(78,333)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(13.27)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>308,334</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>6.60</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.2</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The components of long-term debt are as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 1in; WIDTH: 70%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>March 31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>December 31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="23%" colspan="5"> <div>(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>2016 Term Loans</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>575,425</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>582,500</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>2016 Revolving Loan</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>80,500</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>80,500</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Unamortized deferred financing costs</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(16,978)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(17,965)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Total long-term debt, net of unamortized deferred financing costs</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>638,947</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>645,035</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Less: current portion of long-term debt</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>28,300</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>28,300</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div>Long-term debt</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>610,647</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>616,735</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">A summary of the PSUs activity for the three months ended March 31, 2017 is as follows:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in 0in 0in 0.2in; WIDTH: 94%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Number of<br/> Shares</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average Grant<br/> Date Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Weighted-<br/> Average<br/> Remaining<br/> Contractual Life<br/> (in Years)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="36%" colspan="9"> <div> (in thousands, except share and per share data)</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - January 1, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2,803,367</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>8.18</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.4</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Granted</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Vested</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(701,233)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(10.97)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; PADDING-LEFT: 13px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Forfeited or Cancelled</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(437,500)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(7.23)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="57%"> <div>Unvested - March 31, 2017</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>1,664,634</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>4.31</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>2.7</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div> </div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

129501

40500

89001

9.65

-0

12.19

8.49

P2Y10M24D

P2Y3M18D

(i) maintain a positive net income, (ii) satisfy a maximum loan to value ratio set at 50.0% (applicable to the Revolving Loans and Tranche A Loans) and (iii) satisfy a maximum consolidated first lien leverage ratio, initially set at 2.80:1.00, decreasing over the term of the Amended BoA Credit Agreement until reaching the final maximum ratio of 2.50:1.00 for the fiscal quarter ending September 30, 2018 and thereafter.

5000

1.96

amounting to: (i) the loans outstanding under the Amended BoA Credit Agreement plus, (a) where intellectual property is disposed, 50.0% of the disposed intellectual property’s orderly liquidation value, and (b) where any other assets constituting collateral are disposed or upon the receipt of certain insurance proceeds, 100% of the net proceeds thereof, subject to certain reinvestment rights; and (ii) the Tranche A-1 Loans to the extent that the outstanding principal amount thereof exceeds 10.0% of the orderly liquidation value of the registered trademarks owned by the BoA Facility Loan Parties.

(i) the LIBOR rate plus an applicable margin of 8.25% or 9.00% per annum or (ii) the base rate plus an applicable margin of 7.25% or 8.00% per annum, in each case based upon the consolidated total leverage ratio.

(a) in the event the consolidated total leverage ratio is at least 4.00:1.00, 75% thereof, (b) in the event the consolidated total leverage ratio is less than 4.00:1.00 but at least 3.00:1.00, 50% thereof and (c) in the event the consolidated total leverage ratio is less than 3.00:1.00, 0% thereof. Commencing on March 31, 2017, the Loans under the Amended GSO Credit Agreement will amortize in quarterly installments, equal to 2.00% per annum

The Company may request one or more additional term loan facilities or the increase of term loan commitments under the Amended GSO Credit Agreement as would not cause the consolidated total leverage ratio, determined on a pro forma basis after giving effect to any such addition and increase, to exceed 6.00:1.00, subject to the satisfaction of certain conditions in the Amended GSO Credit Agreement.

(i) a maximum consolidated total leverage ratio, initially set at 7.25:1.00, decreasing over the term of the Amended GSO Credit Agreement until reaching the final maximum ratio of 6.50:1.00 for the fiscal quarter ending September 30, 2018 and thereafter and (ii) a maximum consolidated first lien leverage ratio, initially set at 2.80:1.00, decreasing over the term of the Amended GSO Credit Agreement until reaching the final maximum ratio of 2.50:1.00 for the fiscal quarter ending September 30, 2018 and thereafter.

(a) the LIBOR rate plus 7.00% per annum or (b) the base rate plus 6.00% per annum.

801760

776760

(i) the Revolving Credit Facility and Tranche A Loans as would not cause the consolidated first lien leverage ratio, determined on a pro forma basis after giving effect to any such increase, to exceed 2.33:1.00 and (ii) the Tranche A-1 Loans, as would not cause the consolidated first lien leverage ratio, determined on a pro forma basis after giving effect to any such increase, to exceed (a) with respect to any increase, the proceeds of which will be used solely to finance an acquisition, 2.50:100 and (b) with respect to any other increase, 2.40:1.00, subject to the satisfaction of certain conditions in the Amended BoA Credit Agreement.

7.87

7.69

(a) the LIBOR rate plus 3.50% per annum or (b) the base rate plus 2.50% per annum

-0

P3Y1M6D

P2Y9M18D

P2Y8M12D

51000

50000

25000

6.32

-0

100000

P2M12D

100000

258787

45834 8.45

212953

9.01 5.84

P2Y1M6D

P2Y3M18D

326667

60000

78333

308334

8.52

4.89

13.27 6.60

P2Y6M

P2Y2M12D

2803367

701233

437500

1664634

8.18

10.97

7.23

4.31

P2Y8M12D

P2Y4M24D

100000

300000

66667

700000

60000

300000

100000

35000

300000

100000

P2Y

P3Y

200000

2900000

164978

60000

36000

600000

30000

200000

69994

20000

12000

400000

3500000

1300000

624000

502564000

-144000

-39651000

-638000

462755000

74813000

62602041

-97686

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN-TOP: 0px; WIDTH: 100%; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0px; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0"> <tr style="TEXT-ALIGN: justify; VERTICAL-ALIGN: top"> <td style="WIDTH: 0in"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="TEXT-ALIGN: left; WIDTH: 0.5in"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>2.</strong></font></div> </td> <td style="TEXT-ALIGN: justify"> <div style="CLEAR:both;CLEAR: both"><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"> <strong>Summary of Significant Accounting Policies</strong></font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Basis of Presentation</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q and Rule 10-01 of Regulation S-X of the United States Securities and Exchange Commission (the “SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all of the information and footnotes necessary for a comprehensive presentation of financial position, results of operations or cash flows. It is the Company’s opinion, however, that the accompanying unaudited condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC on March 14, 2017, which contains the audited consolidated financial statements and notes thereto, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations, for the years ended December 31, 2016, 2015 and 2014. The financial information as of December 31, 2016 is derived from the audited consolidated financial statements presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. The interim results for the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for the year ending December 31, 2017 or for any future interim periods.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Correction of Immaterial Error</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company has corrected an immaterial error in its consolidated statement of cash flows for the three months ended March 31, 2016. This correction is related to the payment of certain guaranteed obligations in connection with previous acquisitions and reflects an increase in cash used in operating activities of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.3</font> million and a decrease in cash provided by financing activities of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.3</font> million. There is no impact to the condensed consolidated balance sheets, condensed consolidated statements of operations or condensed consolidated statements of changes in equity.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Principles of Consolidation</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. All significant inter-company accounts and transactions have been eliminated in consolidation.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong>Use of Estimates</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Revenue Recognition</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><i> </i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company has entered into various license agreements that provide revenues based on guaranteed minimum royalty payments and advertising/marketing fees with additional royalty revenues based on a percentage of defined sales. Guaranteed minimum royalty payments and advertising/marketing revenue are recognized on a straight-line basis over the term of each contract year, as defined in each license agreement. Royalty payments exceeding the guaranteed minimum royalty payments are recognized as income during the period corresponding to the licensee’s sales. Payments received as consideration for the grant of a license are recorded as deferred revenue at the time payment is received and recognized ratably as revenue over the term of the license agreement. Advanced royalty payments are recorded as deferred revenue at the time payment is received and recognized as revenue when earned. Revenue is not recognized unless collectability is reasonably assured.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">If license agreements are terminated prior to the original licensing period, the Company recognizes revenue in the amount of any contractual termination fees, unless such amounts are deemed non-recoverable.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">With respect to editorial content for books, the Company receives advance payments from the Company’s publishers and recognizes revenue when manuscripts are delivered to and accepted by the publishers. Revenue is also earned from book publishing when sales on a unit basis exceed the advanced royalty.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Television sponsorship revenues are generally recorded ratably across the period when new episodes initially air.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Restricted Cash</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Restricted cash consists of cash deposited with a financial institution required as collateral for the Company’s cash-collateralized letter of credit facilities.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Accounts Receivable</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Accounts receivable are recorded net of allowances for doubtful accounts, based on the Company’s ongoing discussions with its licensees and other customers and its evaluation of their creditworthiness, payment history and account aging. Accounts receivable balances deemed to be uncollectible are charged to the allowance for doubtful accounts after all means of collection have been exhausted and the potential for recovery is considered remote. The allowance for doubtful accounts was approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.2</font></font> million as of each of March 31, 2017 and December 31, 2016.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company’s accounts receivable, net amounted to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">44.9</font> million and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">53.2</font> million as of March 31, 2017 and December 31, 2016, respectively. Three licensees accounted for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 48</font>% (<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">17</font>%, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 16</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 15</font>%) of the Company’s total consolidated accounts receivable balance as of March 31, 2017 and four licensees accounted for approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 49</font>% (<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">14</font>%, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 13</font>%, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 12</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>%) of the Company’s total consolidated accounts receivable balance as of December 31, 2016. The Company does not believe the accounts receivable balance from these licensees represents a significant collection risk based on past collection experience.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Investments</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company has marketable securities that are classified as available-for-sale securities under ASC 320, <i> Investments  Debt and Equity Securities</i>. Such available-for-sale securities are reported at fair value in the condensed consolidated balance sheets and, at the time of purchase, were reported in the unaudited condensed consolidated statements of cash flows as an investing activity. The Company reviews its available-for-sale securities at each reporting period to determine whether a decline in fair value is other-than-temporary. Any decline in fair value that is determined to be other-than-temporary would result in an adjustment for an impairment charge in the accompanying unaudited condensed consolidated statements of operations. The primary factors the Company considers in its determination are (i) the length of time that the fair value of the available-for-sale security is below the Company’s carrying value, (ii) the financial condition and operating performance of the available-for-sale security, (iii) the reason for decline in fair value and (iv) the Company’s intent and ability to hold the investment in available-for-sale security for a period of time sufficient to allow for a recovery in fair value. Realized gains and losses from the sale of available-for-sale securities, if any, are determined on a specific-identification basis. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The unrealized gains and losses on the available-for-sale securities held by the Company as of March 31, 2017 and December 31, 2016 are set forth below.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div style="CLEAR:both;CLEAR: both">March 31, 2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both">Gross Unrealized</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Historical Cost</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Cost Basis <sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both"> Estimated Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Gains</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Losses</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%" colspan="14"> <div style="CLEAR:both;CLEAR: both">(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both">Available-for-sale securities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12,048</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">7,673</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">6,178</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,495</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-LEFT: 0.7in; CLEAR: both" align="center"><sup style="font-style:normal"> (1)</sup>  The cost basis is historical cost less other-than-temporary impairment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div style="CLEAR:both;CLEAR: both"> December 31, 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both">Gross Unrealized</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Historical Cost</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Cost Basis <sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both"> Estimated Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Gains</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Losses</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%" colspan="14"> <div style="CLEAR:both;CLEAR: both">(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both">Available-for-sale securities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12,048</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">7,673</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">7,673</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-LEFT: 0.7in" align="center"><sup style="font-style:normal"> (1)</sup>  The cost basis is historical cost less other-than-temporary impairment.</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Based on an evaluation at March 31, 2017, the Company has concluded that the decline in fair value of its available-for-sale securities is not other-than-temporary. The Company believes it has the intent and ability to hold its available-for-sale securities for a period of time sufficient to allow for a recovery in fair value to the Company’s current cost basis. The available-for-sale securities have been in a loss position for less than twelve months.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Equity Method Investment</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">For investments in entities over which the Company exercises significant influence but which do not meet the requirements for consolidation, the Company uses the equity method of accounting. On July 1, 2016, the Company acquired a <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 49.9</font>% noncontrolling interest in Gaiam Pty. Ltd. in connection with its acquisition of Gaiam Brand Holdco, LLC, which is included in other assets in the condensed consolidated balance sheets. The Company’s share of earnings from its equity method investee, which was not material for the three months ended March 31, 2017, is included in other income in the unaudited condensed consolidated statements of operations.</div>  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company evaluates its equity method investment for impairment whenever events or changes in circumstances indicate that the carrying amounts of such investment may not be recoverable. The difference between the carrying value of the equity method investment and its estimated fair value is recognized as an impairment charge when the loss in value is deemed other-than-temporary.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Goodwill and Intangible Assets</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. In evaluating goodwill for impairment, the Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Qualitative factors considered include, for example, macroeconomic and industry conditions, overall financial performance, and other relevant entity-specific events. If the Company bypasses the qualitative assessment, or concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, it then performs a goodwill impairment test to identify potential goodwill impairment and measure the amount of goodwill impairment to be recognized, if any.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company will compare the estimated fair value of the reporting unit with its carrying value.  The Company has determined that it has a single reporting unit and considers its market capitalization (calculated as total common shares outstanding multiplied by the common equity price per share, as adjusted for a control premium factor) to represent its estimated fair value.  If the estimated fair value of the reporting unit exceeds its carrying amount, no further analysis is needed. If, however, the estimated fair value of the reporting unit is less than its carrying amount, the Company will recognize an impairment charge for the amount by which the carrying value exceeds the reporting unit’s fair value.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> </div><div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Intangible assets represent trademarks, customer agreements and patents related to the Company’s brands and a favorable lease. Finite-lived intangible assets are amortized on a straight-line basis over the estimated useful lives of the assets. Indefinite-lived intangible assets are not amortized, but instead are subject to impairment evaluation. The carrying value of intangible assets and other finite-lived assets is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Indefinite-lived intangible assets are tested for impairment on an annual basis and between annual tests if an event occurs or circumstances change that indicate that the carrying amount of the indefinite-lived intangible asset may not be recoverable. When conducting its impairment assessment, the Company initially performs a qualitative evaluation of whether it is more likely than not that the asset is impaired. If it is determined by a qualitative evaluation that it is more likely than not that the asset is impaired, the Company then tests the asset for recoverability. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to its future undiscounted net cash flows. If the carrying amount of such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the recoverability of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Treasury Stock</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Treasury stock is recorded at cost as a reduction of equity in the condensed consolidated balance sheets.</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Stock-Based Compensation</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Compensation cost for restricted stock is measured using the quoted market price of the Company’s common stock at the date the common stock is granted. For restricted stock and restricted stock units, for which restrictions lapse with the passage of time (“time-based restricted stock”), compensation cost is recognized on a straight-line basis over the period between the issue date and the date that restrictions lapse. Time-based restricted stock is included in total shares of common stock outstanding upon the lapse of applicable restrictions. For restricted stock, for which restrictions are based on performance measures (“performance stock units” or “PSUs”), restrictions lapse when those performance measures have been deemed achieved. Compensation cost for PSUs is recognized on a straight-line basis during the period from the date on which the likelihood of the PSUs being earned is deemed probable and (x) the end of the fiscal year during which such PSUs are granted or (y) the date on which awards of such PSUs may be approved by the compensation committee of the Company’s board of directors (the “Compensation Committee”) on a discretionary basis, as applicable. PSUs are included in total shares of common stock outstanding upon the lapse of applicable restrictions. PSUs are included in total diluted shares of common stock outstanding when the performance measures have been deemed achieved but the PSUs have not yet been issued.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Fair value cost for stock options and warrants is calculated using the Black-Scholes valuation model and is expensed on a straight-line basis over the requisite service period of the grant.  The Company elected to early adopt the provisions of ASU 2016-09 “Simplifying the Accounting for Share-Based Payments” (“ASU 2016-09”) and will reduce compensation cost for actual forfeitures as they occur. Prior to the adoption to ASU 2016-09, the Company’s estimated forfeiture rate utilized in calculating compensation cost was zero percent based on the Company’s limited historical forfeiture experience.</div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">At each subsequent reporting period prior to the lapse of restrictions on warrants, time-based restricted stock and PSUs granted to non-employees, the Company remeasures the aggregate compensation cost of such grants using the Company’s fair value at the end of such reporting period and revises the straight-line recognition of compensation cost in line with such remeasured amount.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Leases</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company leases certain properties for office and showroom. Certain of the Company’s lease agreements contain rent escalation clauses, free rent periods and tenant inducement payments. Rent expense for noncancelable operating leases with scheduled rent increases is recognized on a straight-line basis over the expected lease term. The difference between straight-line rent expense and the scheduled payment amounts is recorded as a deferred rent asset or liability.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Income Taxes</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Current income taxes are based on the respective periods’ taxable income for federal, foreign and state income tax reporting purposes. Deferred tax liabilities and assets are determined based on the difference between the financial statement and income tax bases of assets and liabilities, using statutory tax rates in effect for the year in which the differences are expected to reverse. In accordance with ASU No. 2015-17 “Balance Sheet Classification of Deferred Taxes,” all deferred income taxes are reported and classified as non-current. A valuation allowance is required if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company applies the Financial Accounting Standards Board (“FASB”) guidance on accounting for uncertainty in income taxes. The guidance clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with other authoritative GAAP and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The guidance also addresses derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Interest and penalties related to uncertain tax positions, if any, are recorded in income tax expense. Tax years that remain open for assessment for federal and state tax purposes include the years ended December 31, 2013 through December 31, 2016.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Earnings Per Share</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Basic earnings per share (“EPS”) is computed by dividing net income (loss) attributable to Sequential Brands Group, Inc. and Subsidiaries by the weighted-average number of common shares outstanding during the reporting period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the reporting period, including stock options, PSUs and warrants, using the treasury stock method, and convertible debt, using the if-converted method. Diluted EPS excludes all potentially dilutive shares of common stock if their effect is anti-dilutive. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The shares used to calculate basic and diluted EPS consist of the following:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 1.25in; WIDTH: 70%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both"> Three Months Ended March 31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Basic weighted-average common shares outstanding</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">62,459,711</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">61,209,868</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Acquisition hold back shares</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Warrants</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Stock options</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Performance based restricted stock</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Unvested restricted stock</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Diluted weighted-average common shares outstanding</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">62,459,711</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">61,209,868</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The computation of diluted EPS for the three months ended March 31, 2017 and 2016 excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="center"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in 0in 0in 1.25in; WIDTH: 70%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both"> Three Months Ended March 31,</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Acquisition hold back shares</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">695,055</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Warrants</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">330,671</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Stock options</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12,796</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Performance based restricted stock</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">263,964</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">408,555</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Unvested restricted stock</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">88,941</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">94,236</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="45%"> <div style="CLEAR:both;CLEAR: both">Total</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">352,905</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,541,313</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> </table> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Concentration of Credit Risk</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Financial instruments which potentially expose the Company to credit risk consist primarily of cash, restricted cash, accounts receivable and available-for-sale securities. Cash is held to meet working capital needs and future acquisitions. Restricted cash is pledged as collateral for a comparable amount of irrevocable standby letters of credit for certain of the Company’s leased properties. Substantially all of the Company’s cash, restricted cash and available-for-sale securities are deposited with high quality financial institutions. At times, however, such cash, restricted cash and available-for-sale securities may be in deposit accounts that exceed the Federal Deposit Insurance Corporation insurance limit. The Company has not experienced any losses in such accounts as of March 31, 2017.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Concentration of credit risk with respect to accounts receivable is minimal due to the collection history. The Company performs annual credit evaluations of its customers’ financial condition. The allowance for doubtful accounts is based upon the expected collectability of all accounts receivable.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Customer Concentrations</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company recorded net revenues of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">39.4</font> million and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">34.0</font> million during the three months ended March 31, 2017 and 2016, respectively. During the three months ended March 31, 2017, three licensees represented at least <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% of net revenue, accounting for <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 11</font>%, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% of the Company’s net revenue. During the three months ended March 31, 2016, two licensees represented at least <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 10</font>% of net revenue, each accounting for <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 11</font>% of the Company’s net revenue.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Loss Contingencies</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.45pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company recognizes contingent losses that are both probable and estimable. In this context, probable means circumstances under which events are likely to occur. The Company records legal costs pertaining to contingencies as incurred.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.45pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Contingent Consideration</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company recognizes the acquisition-date fair value of contingent consideration as part of the consideration transferred in exchange for the acquiree or assets of the acquiree in a business combination.  The contingent consideration is classified as either a liability or equity in accordance with ASC 480-10, <i>Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity</i>.  If classified as a liability, the liability is remeasured to fair value at each subsequent reporting date until the contingency is settled.  Increases in fair value are recorded as losses, while decreases are recorded as gains.  If classified as equity, contingent consideration is not remeasured and subsequent settlement is accounted for within equity.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Noncontrolling Interest</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.45pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Noncontrolling interest recorded for the three months ended March 31, 2017 and 2016 represents income allocations to Elan Polo International, Inc., a member of DVS Footwear International, LLC and With You, Inc., a member of With You LLC (the partnership between the Company and Jessica Simpson). Noncontrolling interest recorded for the three months ended March 31, 2016 represents income allocations to Elan Polo International, Inc., With You, Inc. and JALP, LLC (“JALP”), a member of FUL IP Holdings, LLC (“FUL IP”).<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b> </b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Reportable Segment</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">An operating segment, in part, is a component of an enterprise whose operating results are regularly reviewed by the chief operating decision maker (the “CODM”) to make decisions about resources to be allocated to the segment and assess its performance. Operating segments may be aggregated only to a limited extent. The Company’s CODM, the Chief Executive Officer, reviews financial information presented on a consolidated basis, accompanied by disaggregated information about revenues for purposes of making operating decisions and assessing financial performance. Accordingly, the Company has determined that it has a single operating and reportable segment. In addition, the Company has no foreign operations or any assets in foreign locations. Nearly all of the Company’s operations consist of a single revenue stream, which is the licensing of its trademark portfolio, with an immaterial portion of revenues derived from television, book, café operations and certain commissions.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

-0

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Investments</strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong> </strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company has marketable securities that are classified as available-for-sale securities under ASC 320, <i> Investments  Debt and Equity Securities</i>. Such available-for-sale securities are reported at fair value in the condensed consolidated balance sheets and, at the time of purchase, were reported in the unaudited condensed consolidated statements of cash flows as an investing activity. The Company reviews its available-for-sale securities at each reporting period to determine whether a decline in fair value is other-than-temporary. Any decline in fair value that is determined to be other-than-temporary would result in an adjustment for an impairment charge in the accompanying unaudited condensed consolidated statements of operations. The primary factors the Company considers in its determination are (i) the length of time that the fair value of the available-for-sale security is below the Company’s carrying value, (ii) the financial condition and operating performance of the available-for-sale security, (iii) the reason for decline in fair value and (iv) the Company’s intent and ability to hold the investment in available-for-sale security for a period of time sufficient to allow for a recovery in fair value. Realized gains and losses from the sale of available-for-sale securities, if any, are determined on a specific-identification basis. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The unrealized gains and losses on the available-for-sale securities held by the Company as of March 31, 2017 and December 31, 2016 are set forth below.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div style="CLEAR:both;CLEAR: both">March 31, 2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both">Gross Unrealized</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Historical Cost</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Cost Basis <sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both"> Estimated Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Gains</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Losses</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%" colspan="14"> <div style="CLEAR:both;CLEAR: both">(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both">Available-for-sale securities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12,048</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">7,673</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">6,178</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,495</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-LEFT: 0.7in; CLEAR: both" align="center"><sup style="font-style:normal"> (1)</sup>  The cost basis is historical cost less other-than-temporary impairment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div style="CLEAR:both;CLEAR: both"> December 31, 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both">Gross Unrealized</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Historical Cost</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Cost Basis <sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both"> Estimated Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Gains</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Losses</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%" colspan="14"> <div style="CLEAR:both;CLEAR: both">(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both">Available-for-sale securities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12,048</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">7,673</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">7,673</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-LEFT: 0.7in" align="center"><sup style="font-style:normal"> (1)</sup>  The cost basis is historical cost less other-than-temporary impairment.</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Based on an evaluation at March 31, 2017, the Company has concluded that the decline in fair value of its available-for-sale securities is not other-than-temporary. The Company believes it has the intent and ability to hold its available-for-sale securities for a period of time sufficient to allow for a recovery in fair value to the Company’s current cost basis. The available-for-sale securities have been in a loss position for less than twelve months.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The unrealized gains and losses on the available-for-sale securities held by the Company as of March 31, 2017 and December 31, 2016 are set forth below.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div style="CLEAR:both;CLEAR: both">March 31, 2017</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both">Gross Unrealized</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Historical Cost</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Cost Basis <sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both"> Estimated Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Gains</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Losses</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%" colspan="14"> <div style="CLEAR:both;CLEAR: both">(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both">Available-for-sale securities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12,048</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">7,673</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">6,178</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">1,495</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-LEFT: 0.7in; CLEAR: both" align="center"><sup style="font-style:normal"> (1)</sup>  The cost basis is historical cost less other-than-temporary impairment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN:Left; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: 0px solid; BORDER-LEFT: 0px solid; MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: 0px solid; BORDER-RIGHT: 0px solid" cellspacing="0" cellpadding="0" align="left"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div style="CLEAR:both;CLEAR: both"> December 31, 2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="23%" colspan="5"> <div style="CLEAR:both;CLEAR: both">Gross Unrealized</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Historical Cost</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Cost Basis <sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both"> Estimated Fair Value</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Gains</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div style="CLEAR:both;CLEAR: both">Losses</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%" colspan="14"> <div style="CLEAR:both;CLEAR: both">(in thousands)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="39%"> <div style="CLEAR:both;CLEAR: both">Available-for-sale securities</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">12,048</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">7,673</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">7,673</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both">$</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 5px; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div style="CLEAR:both;CLEAR: both">-</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div style="CLEAR:both;CLEAR: both"> </div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN-LEFT: 0.7in" align="center"><sup style="font-style:normal"> (1)</sup>  The cost basis is historical cost less other-than-temporary impairment.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> The cost basis is historical cost less other-than-temporary impairment.

EX-101.SCH 6 sqbg-20170331.xsd XBRL TAXONOMY EXTENSION SCHEMA 101 - Document - Document And Entity Information link:presentationLink link:definitionLink link:calculationLink 102 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS link:presentationLink link:definitionLink link:calculationLink 103 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 104 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS link:presentationLink link:definitionLink link:calculationLink 105 - Statement - CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY link:presentationLink link:definitionLink link:calculationLink 106 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:definitionLink link:calculationLink 107 - Disclosure - Organization and Nature of Operations link:presentationLink link:definitionLink link:calculationLink 108 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 109 - Disclosure - Fair Value Measurement of Financial Instruments link:presentationLink link:definitionLink link:calculationLink 110 - Disclosure - Goodwill link:presentationLink link:definitionLink link:calculationLink 111 - Disclosure - Intangible Assets link:presentationLink link:definitionLink link:calculationLink 112 - Disclosure - Long-Term Debt link:presentationLink link:definitionLink link:calculationLink 113 - Disclosure - Commitments and Contingencies link:presentationLink link:definitionLink link:calculationLink 114 - Disclosure - Stock-based Compensation link:presentationLink link:definitionLink link:calculationLink 115 - Disclosure - Related Party Transactions link:presentationLink link:definitionLink link:calculationLink 116 - Disclosure - Restructuring link:presentationLink link:definitionLink link:calculationLink 117 - Disclosure - New Accounting Pronouncements link:presentationLink link:definitionLink link:calculationLink 118 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:definitionLink link:calculationLink 119 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:definitionLink link:calculationLink 120 - Disclosure - Fair Value Measurement of Financial Instruments (Tables) link:presentationLink link:definitionLink link:calculationLink 121 - Disclosure - Goodwill (Tables) link:presentationLink link:definitionLink link:calculationLink 122 - Disclosure - Intangible Assets (Tables) link:presentationLink link:definitionLink link:calculationLink 123 - Disclosure - Long-Term Debt (Tables) link:presentationLink link:definitionLink link:calculationLink 124 - Disclosure - Stock-based Compensation (Tables) link:presentationLink link:definitionLink link:calculationLink 125 - Disclosure - Restructuring (Tables) link:presentationLink link:definitionLink link:calculationLink 126 - Disclosure - Summary of Significant Accounting Policies - Additional Information (Detail) link:presentationLink link:definitionLink link:calculationLink 127 - Disclosure - Unrealized Gains And Losses On Available-For-Sale Securities Held (Detail) link:presentationLink link:definitionLink link:calculationLink 128 - Disclosure - Basic and Diluted Weighted Average Common Shares Outstanding (Detail) link:presentationLink link:definitionLink link:calculationLink 129 - Disclosure - Computation of Diluted EPS (Detail) link:presentationLink link:definitionLink link:calculationLink 130 - Disclosure - Fair Value Measurement of Financial Instruments -Additional Information (Detail) link:presentationLink link:definitionLink link:calculationLink 131 - Disclosure - Fair Value Assets and Liabilities Measured on Recurring Basis (Detail) link:presentationLink link:definitionLink link:calculationLink 132 - Disclosure - Components of the 2016 Cap Agreement (Detail) link:presentationLink link:definitionLink link:calculationLink 133 - Disclosure - Summary of Goodwill (Detail) link:presentationLink link:definitionLink link:calculationLink 134 - Disclosure - Intangible Assets - Additional Information (Detail) link:presentationLink link:definitionLink link:calculationLink 135 - Disclosure - Summary of Intangible Assets (Detail) link:presentationLink link:definitionLink link:calculationLink 136 - Disclosure - Future Annual Estimated Amortization Expense (Detail) link:presentationLink link:definitionLink link:calculationLink 137 - Disclosure - Long-Term Debt - Additional Information (Detail) link:presentationLink link:definitionLink link:calculationLink 138 - Disclosure - Components of Long-Term Debt (Detail) link:presentationLink link:definitionLink link:calculationLink 139 - Disclosure - Stock-based Compensation - Additional Information (Detail) link:presentationLink link:definitionLink link:calculationLink 140 - Disclosure - Summary of Stock Option Activity and Changes in Unvested Stock Options (Detail) link:presentationLink link:definitionLink link:calculationLink 141 - Disclosure - Summary of Company's Outstanding Warrant and Changes in Unvested Warrants (Detail) link:presentationLink link:definitionLink link:calculationLink 142 - Disclosure - Summary of Restricted Stock Activity and Performance Stock Units (Detail) link:presentationLink link:definitionLink link:calculationLink 143 - Disclosure - Related Party Transactions - Additional Information (Detail) link:presentationLink link:definitionLink link:calculationLink 144 - Disclosure - Restructuring - Additional Information (Detail) link:presentationLink link:definitionLink link:calculationLink 145 - Disclosure - Restructuring (Detail) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 7 sqbg-20170331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 8 sqbg-20170331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 9 sqbg-20170331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document And Entity Information [Abstract] Document Information [Table] Class of Stock [Axis] Fair Value Disclosures [Abstract] Fair Value Disclosures [Text Block] Fair Value Measurement of Financial Instruments Intangible Assets, Net (Excluding Goodwill) [Abstract] Intangible Assets Disclosure [Text Block] Intangible Assets Goodwill, Impaired [Abstract] Goodwill and Intangible Assets Disclosure [Text Block] Goodwill Long-term Debt, by Current and Noncurrent [Abstract] Long-Term Debt [Text Block] Long-Term Debt Statement Of Financial Position [Abstract] Statement [Table] Operating Activities [Axis] Operating Activities [Domain] Statement [Line Items] Assets [Abstract] Assets Assets Current [Abstract] Current Assets: Cash and Cash Equivalents, at Carrying Value Cash Cash — Beginning of period Cash — End of period Restricted Cash and Cash Equivalents, Current Restricted cash Accounts Receivable, Net, Current Accounts receivable, net Accounts Receivable, Net, Current, Total Available-for-sale Securities, Current Available-for-sale securities Prepaid Expense and Other Assets, Current Prepaid expenses and other current assets Property, Plant and Equipment, Net Property and equipment, net Property and equipment, net Finite-Lived Intangible Assets, Net Intangible assets, net Intangible assets, net Goodwill Goodwill Beginning Balance Ending Balance Goodwill Other Assets, Noncurrent Other assets Assets Total assets Liabilities and Stockholders Equity [Abstract] Liabilities and Equity Liabilities Current [Abstract] Current Liabilities: Accounts Payable and Accrued Liabilities, Current Accounts payable and accrued expenses Total accounts payable and accrued expenses Long-term Debt, Current Maturities Current portion of long-term debt Less: current portion of long-term debt Deferred Revenue, Current Current portion of deferred revenue Liabilities, Current Total current liabilities Liabilities Noncurrent [Abstract] Long-Term Liabilities: Long-term Debt Long-term debt, net of current portion Long-term debt, Carrying Value Total Long-term debt Deferred Revenue, Noncurrent Long-term deferred revenue, net of current portion Deferred Tax Liabilities, Net Deferred tax liability Net deferred income tax liability - long-term Other Long-term Debt Other long-term liabilities Liabilities Total liabilities Commitments and Contingencies Commitments and Contingencies Stockholders Equity [Abstract] Equity: Preferred Stock Value Preferred stock Series A, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at March 31, 2017 and December 31, 2016 Common Stock Value Common stock, $0.01 par value; 150,000,000 shares authorized; 63,381,607 and 62,602,041 shares issued at March 31, 2017 and December 31, 2016, respectively, and 62,996,280 and 62,504,355 shares outstanding at March 31, 2017 and December 31, 2016, respectively Additional Paid in Capital, Total Additional paid-in capital Accumulated Other Comprehensive Income (Loss), Net of Tax Accumulated other comprehensive loss Retained Earnings (Accumulated Deficit), Total Accumulated deficit Treasury Stock, Value Treasury stock, at cost; 385,327 and 97,686 shares at March 31, 2017 and December 31, 2016, respectively Stockholders Equity Attributable to Parent, Total Total Sequential Brands Group, Inc. and Subsidiaries stockholders’ equity Minority Interest Noncontrolling interest Balance Balance Stockholders Equity, Including Portion Attributable to Noncontrolling Interest, Total Total equity Balance Balance Liabilities and Equity, Total Total liabilities and equity Related Party Transactions [Abstract] Related Party Transactions Disclosure [Text Block] Related Party Transactions Restructuring and Related Activities [Abstract] Restructuring and Related Activities Disclosure [Text Block] Restructuring Legal Entity [Axis] Entity [Domain] Preferred Stock, Par or Stated Value Per Share Preferred stock Series A, par value (in dollars per share) Preferred Stock Shares Authorized Preferred stock Series A, shares authorized Preferred Stock, Shares Issued Preferred stock Series A, shares issued Preferred Stock Shares Outstanding Preferred stock Series A, shares outstanding Common Stock, Par or Stated Value Per Share Common stock, par value (in dollars per share) Common stock, par or stated value per share Common Stock Shares Authorized Common stock, shares authorized Common Stock, Shares Issued Common stock, shares issued Common Stock, Shares, Outstanding Common stock, shares outstanding Treasury Stock, Shares Treasury stock, shares Accounting Policies [Abstract] Basis of Accounting, Policy [Policy Text Block] Basis of Presentation Reclassification, Policy [Policy Text Block] Correction of Immaterial Error Consolidation, Policy [Policy Text Block] Principles of Consolidation Use Of Estimates, Policy [Policy Text Block] Use of Estimates Revenue Recognition, Policy [Policy Text Block] Revenue Recognition Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] Restricted Cash Trade and Other Accounts Receivable, Policy [Policy Text Block] Accounts Receivable Investment, Policy [Policy Text Block] Investments Equity Method Investments, Policy [Policy Text Block] Equity Method Investment Goodwill and Intangible Assets, Policy [Policy Text Block] Goodwill and Intangible Assets Consolidation, Subsidiary Stock Issuances, Policy [Policy Text Block] Treasury Stock Share-based Compensation, Option and Incentive Plans, Director Policy [Policy Text Block] Stock-Based Compensation Lease, Policy [Policy Text Block] Leases Income Tax, Policy [Policy Text Block] Income Taxes Earnings Per Share, Policy [Policy Text Block] Earnings Per Share Concentration Risk, Credit Risk, Policy [Policy Text Block] Concentration of Credit Risk Customer Concentrations [Policy Text Block] Customer Concentrations Customer concentrations policy text block Investment [Table Text Block] Investment Schedule of Weighted Average Number of Shares [Table Text Block] Basic And Diluted Earnings (Loss) Per Common Share Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] Earnings Per Share, Basic and Diluted Schedule Of Fair Value, Assets and Liabilities Measured On Recurring Basis [Table Text Block] Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis Schedule Of Finite-Lived Intangible Assets [Table Text Block] Summary of intangible assets Schedule Of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] Summary of future annual estimated amortization expense Schedule Of Goodwill [Table Text Block] Schedule of Goodwill Disclosure Long Term Debt [Abstract] Schedule Of Long Term Debt [Table Text Block] Schedule of long term debt Schedule Of Long Term Debt Income Statement [Abstract] Revenue, Net, Total Net revenue Revenue, Net, Total Net revenue Net revenue Operating Expenses, Total Operating expenses Operating Income (Loss), Total Income from operations Income from operations Other Nonoperating Income (Expense) Other income Interest Income (Expense), Nonoperating, Net Interest expense, net Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest, Total Income before income taxes Income before income taxes Income Tax Expense (Benefit) Provision for income taxes Provision for (benefit from) income taxes Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total Net income Net income (loss) Net income Consolidated net income Net Income (Loss) Attributable to Noncontrolling Interest, Total Net income attributable to noncontrolling interest Net income attributable to noncontrolling interest Net income attributable to noncontrolling interests Net income attributable to noncontrolling interest Net Income (Loss) Attributable to Parent, Total Net loss attributable to Sequential Brands Group, Inc. and Subsidiaries Net (loss) income attributable to Sequential Brands Group, Inc. and Subsidiaries Earnings Per Share, Basic and Diluted [Abstract] Loss per share attributable to Sequential Brands Group, Inc. and Subsidiaries: Earnings Per Share, Diluted [Abstract] Diluted loss per share: Diluted (loss) earnings per share: Earnings Per Share [Abstract] Earnings per share attributable to Sequential Brands Group, Inc. and Subsidiaries: Weighted Average Number of Shares Outstanding, Diluted [Abstract] Weighted-average common shares outstanding: Weighted Average Number of Shares Outstanding, Basic and Diluted Basic and diluted (in shares) Weighted average shares outstanding, basic and diluted Restructuring and Related Costs [Table Text Block] Restructuring and Related Costs Disclosure Summary Of Significant Accounting Policies Additional Information [Abstract] Disclosure - Summary of Significant Accounting Policies - Additional Information [Abstract] Significant Accounting Policies [Table] Significant Accounting Policies [Table] Finite-Lived Intangible Assets By Major Class [Axis] Finite-Lived Intangible Assets, Major Class Name [Domain] Income Statement Balance Sheet and Additional Disclosures By Disposal Groups Including Discontinued Operations [Axis] Disposal Groups Including Discontinued Operations Name [Domain] Antidilutive Securities Excluded From Computation Of Earnings Per Share By Antidilutive Securities [Axis] Antidilutive Securities Name [Domain] Range [Axis] Range [Domain] Customer [Axis] Customer [Domain] Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Domain] Accounts Receivable [Member] Sales Revenue, Services, Net [Member] License [Axis] License [Domain] License One [Member] License Two [Member] License Three [Member] Equity Components [Axis] Equity Component [Domain] Extinguishment of Debt [Axis] Extinguishment of Debt, Type [Domain] Scenario [Axis] Allowance for Doubtful Accounts Receivable Allowance for doubtful accounts receivable Concentration Risk, Percentage Unrealized Gain (Loss) on Investments [Abstract] Class Of Stock [Domain] Available-for-sale Securities, Amortized Cost Basis Historical Cost Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share [Table] Long-Term Debt, Type [Axis] Long-Term Debt, Type [Domain] Major Types Of Debt and Equity Securities [Axis] Major Types of Debt and Equity Securities [Domain] Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Weighted Average Number of Shares Outstanding, Basic Basic weighted-average common shares outstanding Basic (in shares) Basic Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares Acquisition hold back shares Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants Warrants Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements Stock options Incremental Common Shares Attributable to Dilutive Effect Performance Based Restricted Stock Performance based restricted stock Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of performance based restricted stock. Weighted Average Number Of Shares Outstanding Unvested Restricted Stock Unvested restricted stock Weighted Average Number Of Shares Outstanding Unvested Restricted Stock Acquisition hold back shares [Member] Acquisition hold back shares Restricted Stock [Member] Unvested restricted stock Restricted Stock Equity Option [Member] Stock options Award Type [Axis] Equity Award [Domain] Performance Shares [Member] Performance based restricted stock Performance Stock Units (PSUs) Warrant [Member] Warrants Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Common stock, value, outstanding Fair Value, Assets, Liabilities and Stockholders Equity Measured on Recurring Basis [Abstract] Fair Value Measurements, Recurring and Nonrecurring [Table] Financial Instrument [Axis] Financial Instruments [Domain] Financial Instrument [Member] Financial Instrument Scenario, Unspecified [Domain] Carrying Value [Member] Carrying Value Fair Value [Member] Fair Value Term Loan [Member] 2016 Term Loans Revolving Loan One [Member] 2016 Revolving Loan 2014 Revolving Loan [Member] 2016 Revolving Loan [Member] Derivative Instrument [Axis] Available-for-sale Securities Estimated Fair Value Business Combination, Contingent Consideration, Liability LNT Contingent Earn outs Long-term Debt, Fair Value Long-term debt, Fair Value Statement Of Stockholders' Equity [Abstract] Preferred Stock [Member] Preferred Stock Common Stock [Member] Common Stock Additional Paid-In Capital [Member] Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) [Member] Accumulated Other Comprehensive Loss Retained Earnings [Member] Accumulated Deficit Treasury Stock [Member] Treasury Stock Parent [Member] Total Sequential Brands Group, Inc. and Subsidiaries Stockholders' Equity Noncontrolling Interest [Member] Noncontrolling Interest Shares, Outstanding, Beginning Balance Balance (in shares) Balance (in shares) Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures, Total Stock-based compensation Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures, Total Stock-based compensation (in shares) Stock Registration Costs 1 Stock registration costs It represents amount of stock registration costs. Unrealized Gain (Loss) on Interest Rate Cash Flow Hedges, Pretax, Accumulated Other Comprehensive Income (Loss) Unrealized gain on interest rate cap Treasury Stock, Value, Acquired, Cost Method Repurchase of common stock EX-101.PRE 10 sqbg-20170331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 11 R1.htm IDEA: XBRL DOCUMENT

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2017	Apr. 30, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q1
Entity Registrant Name	Sequential Brands Group, Inc.
Entity Central Index Key	0001648428
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	SQBG
Entity Common Stock, Shares Outstanding		62,996,280

XML 12 R2.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current Assets:
Cash	$ 21,457	$ 19,133
Restricted cash	1,521	1,521
Accounts receivable, net	44,879	53,195
Available-for-sale securities	6,178	7,673
Prepaid expenses and other current assets	4,822	4,366
Total current assets	78,857	85,888
Property and equipment, net	6,815	7,674
Intangible assets, net	1,030,065	1,030,212
Goodwill	307,744	307,744
Other assets	3,158	3,345
Total assets	1,426,639	1,434,863
Current Liabilities:
Accounts payable and accrued expenses	17,514	18,915
Current portion of long-term debt	28,300	28,300
Current portion of deferred revenue	9,535	10,374
Total current liabilities	55,349	57,589
Long-term debt, net of current portion	610,647	616,735
Long-term deferred revenue, net of current portion	12,996	13,909
Deferred tax liability	200,930	200,357
Other long-term liabilities	8,299	8,705
Long-Term Liabilities:
Total liabilities	888,221	897,295
Commitments and Contingencies
Equity:
Preferred stock Series A, $0.01 par value; 10,000,000 shares authorized; none issued and outstanding at March 31, 2017 and December 31, 2016	0	0
Common stock, $0.01 par value; 150,000,000 shares authorized; 63,381,607 and 62,602,041 shares issued at March 31, 2017 and December 31, 2016, respectively, and 62,996,280 and 62,504,355 shares outstanding at March 31, 2017 and December 31, 2016, respectively	632	624
Additional paid-in capital	507,103	502,564
Accumulated other comprehensive loss	(1,623)	(144)
Accumulated deficit	(40,831)	(39,651)
Treasury stock, at cost; 385,327 and 97,686 shares at March 31, 2017 and December 31, 2016, respectively	(1,702)	(638)
Total Sequential Brands Group, Inc. and Subsidiaries stockholders’ equity	463,579	462,755
Noncontrolling interest	74,839	74,813
Total equity	538,418	537,568
Total liabilities and equity	$ 1,426,639	$ 1,434,863

XML 13 R3.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Preferred stock Series A, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock Series A, shares authorized	10,000,000	10,000,000
Preferred stock Series A, shares issued	0	0
Preferred stock Series A, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	63,381,607	62,602,041
Common stock, shares outstanding	62,996,280	62,504,355
Treasury stock, shares	385,327	97,686

XML 14 R4.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net revenue	$ 39,400	$ 34,008
Operating expenses	23,408	21,977
Income from operations	15,992	12,031
Other income	34	93
Interest expense, net	14,486	10,690
Income before income taxes	1,540	1,434
Provision for income taxes	585	399
Net income	955	1,035
Net income attributable to noncontrolling interest	(2,135)	(2,111)
Net loss attributable to Sequential Brands Group, Inc. and Subsidiaries	$ (1,180)	$ (1,076)
Loss per share attributable to Sequential Brands Group, Inc. and Subsidiaries:
Basic and diluted (in dollars per share)	$ (0.02)	$ (0.02)
Weighted-average common shares outstanding:
Basic and diluted (in shares)	62,459,711	61,209,868

XML 15 R5.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - 3 months ended Mar. 31, 2017 - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Treasury Stock	Total Sequential Brands Group, Inc. and Subsidiaries Stockholders' Equity	Noncontrolling Interest
Balance at Dec. 31, 2016	$ 537,568	$ 0	$ 624	$ 502,564	$ (144)	$ (39,651)	$ (638)	$ 462,755	$ 74,813
Balance (in shares) at Dec. 31, 2016		0	62,602,041				(97,686)
Stock-based compensation	4,550	$ 0	$ 8	4,542	0	0	$ 0	4,550	0
Stock-based compensation (in shares)			779,566				0
Stock registration costs	(3)	0	$ 0	(3)	0	0	$ 0	(3)	0
Unrealized gain on interest rate cap	16	0	0	0	16	0	0	16	0
Repurchase of common stock	(1,064)	0	$ 0	0	0	0	$ (1,064)	(1,064)	0
Repurchase of common stock (in shares)			0				(287,641)
Noncontrolling interest distribution	(2,109)	0	$ 0	0	0	0	$ 0	0	(2,109)
Net income attributable to noncontrolling interest	2,135	0	0	0	0	0	0	0	2,135
Net loss attributable to common stockholders	(1,180)	0	0	0	0	(1,180)	0	(1,180)	0
Unrealized gain and reclassification adjustment on available-for-sale securities	(1,495)	0	0	0	(1,495)	0	0	(1,495)	0
Balance at Mar. 31, 2017	$ 538,418	$ 0	$ 632	$ 507,103	$ (1,623)	$ (40,831)	$ (1,702)	$ 463,579	$ 74,839
Balance (in shares) at Mar. 31, 2017		0	63,381,607				(385,327)

XML 16 R6.htm IDEA: XBRL DOCUMENT

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows From Operating Activities
Net income	$ 955	$ 1,035
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for bad debts	38	75
Depreciation and amortization	1,293	1,143
Stock-based compensation	4,550	1,780
Amortization of deferred financing costs	987	432
Income from equity method investment	(31)	0
Loss on disposal of fixed assets	2	501
Deferred income taxes	573	368
Changes in operating assets and liabilities:
Accounts receivable	8,278	7,348
Prepaid expenses and other assets	(222)	1,291
Accounts payable and accrued expenses	(1,504)	(5,136)
Deferred revenue	(1,752)	(1,134)
Other liabilities	244	(887)
Cash Provided By Operating Activities	13,411	6,816
Cash Flows From Investing Activities
Investments in intangible assets, including registration and renewal costs	(130)	(72)
Purchases of property and equipment	(133)	(607)
Proceeds from sale of property and equipment	2	45
Cash Used In Investing Activities	(261)	(634)
Cash Flows From Financing Activities
Stock registration costs	(3)	0
Payment of long-term debt	(7,075)	(4,000)
Guaranteed payments in connection with acquisitions	(575)	(325)
Repurchases of common stock	(1,064)	(501)
Noncontrolling interest distributions	(2,109)	(1,537)
Cash Used In Financing Activities	(10,826)	(6,363)
Net Increase (Decrease) In Cash	2,324	(181)
Cash — Beginning of period	19,133	41,560
Cash — End of period	21,457	41,379
Supplemental Disclosures Of Cash Flow Information
Cash paid for: Interest	13,393	10,000
Cash paid for: Taxes	0	81
Non-cash Investing And Financing Activities
Accrued purchases of property and equipment at period end	28	0
Unrealized (loss) gain on available-for-sale securities during the period	(1,495)	1,002
Unrealized gain on interest rate cap during the period	$ 16	$ 0

XML 17 R7.htm IDEA: XBRL DOCUMENT

Organization and Nature of Operations

3 Months Ended

Mar. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Nature of Operations

Organization and Nature of Operations

Overview

XML 18 R8.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Basis of Presentation

Correction of Immaterial Error

Principles of Consolidation

Use of Estimates

Revenue Recognition

Television sponsorship revenues are generally recorded ratably across the period when new episodes initially air.

Restricted Cash

Restricted cash consists of cash deposited with a financial institution required as collateral for the Company’s cash-collateralized letter of credit facilities.

Accounts Receivable

Investments

					March 31, 2017
							Gross Unrealized
	Historical Cost		Cost Basis ⁽¹⁾		Estimated Fair Value		Gains		Losses
	(in thousands)

Available-for-sale securities	$	12,048	$	7,673	$	6,178	$	-	$	1,495

⁽¹⁾ The cost basis is historical cost less other-than-temporary impairment.

					December 31, 2016
							Gross Unrealized
	Historical Cost		Cost Basis ⁽¹⁾		Estimated Fair Value		Gains		Losses
	(in thousands)

Available-for-sale securities	$	12,048	$	7,673	$	7,673	$	-	$	-

⁽¹⁾ The cost basis is historical cost less other-than-temporary impairment.

Equity Method Investment

Goodwill and Intangible Assets

Treasury Stock

Treasury stock is recorded at cost as a reduction of equity in the condensed consolidated balance sheets.

Stock-Based Compensation

Leases

Income Taxes

Earnings Per Share

	Three Months Ended March 31,
	2017		2016

Basic weighted-average common shares outstanding		62,459,711		61,209,868
Acquisition hold back shares		-		-
Warrants		-		-
Stock options		-		-
Performance based restricted stock		-		-
Unvested restricted stock		-		-
Diluted weighted-average common shares outstanding		62,459,711		61,209,868

	Three Months Ended March 31,
	2017		2016

Acquisition hold back shares		-		695,055
Warrants		-		330,671
Stock options		-		12,796
Performance based restricted stock		263,964		408,555
Unvested restricted stock		88,941		94,236
Total		352,905		1,541,313

Concentration of Credit Risk

Customer Concentrations

Loss Contingencies

Contingent Consideration

Noncontrolling Interest

Reportable Segment

XML 19 R9.htm IDEA: XBRL DOCUMENT

Fair Value Measurement of Financial Instruments

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Measurement of Financial Instruments

Fair Value Measurement of Financial Instruments

Assets and liabilities typically recorded at fair value on a non-recurring basis to which ASC 820-10 applies include:

non-financial assets and liabilities initially measured at fair value in an acquisition or business combination, and

long-lived assets measured at fair value due to an impairment assessment under ASC 360-10-15, Impairment or Disposal of Long-Lived Assets.

Level 1 - inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access.

			Carrying Value				Fair Value
Financial Instrument	Level		3/31/2017		12/31/2016		3/31/2017		12/31/2016
			(in thousands)
Available-for-sale securities		1	$	6,178	$	7,673	$	6,178	$	7,673
Interest rate cap		2	$	1,120	$	1,248	$	1,120	$	1,104
2016 Term Loans		3	$	575,425	$	582,500	$	546,397	$	551,324
2016 Revolving Loan		3	$	80,500	$	80,500	$	61,712	$	60,755
LNT Contingent Earn Out		3	$	-	$	-	$	-	$	-
Legacy Payments		3	$	2,053	$	1,995	$	2,053	$	1,995

The carrying amounts of the Company’s cash, restricted cash, accounts receivable and accounts payable approximate fair value due to their short-term maturities.

The components of the 2016 Cap Agreements as of March 31, 2017 are as follows:

	Notional Value		Derivative Asset		Derivative Liability

	(in thousands)

LIBOR based loans	$	500,000	$	-	$	128

- 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 + Details

XML 20 R10.htm IDEA: XBRL DOCUMENT

Goodwill

3 Months Ended

Mar. 31, 2017

Goodwill, Impaired [Abstract]

Goodwill

4.	Goodwill

Goodwill is summarized as follows:

	March 31,		December 31,
	2017		2016
	(in thousands)

Balance at January 1	$	307,744	$	314,288
Adjustment for acquisition of Martha Stewart Living Omnimedia, Inc.		-		(11,249)
Acquisition of Gaiam, Inc. Branded Consumer Business		-		4,705
Ending balance	$	307,744	$	307,744

- Definition

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

+ References + Details

XML 21 R11.htm IDEA: XBRL DOCUMENT

Intangible Assets

3 Months Ended

Mar. 31, 2017

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets

Intangible Assets

Intangible assets are summarized as follows:

March 31, 2017	Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(in thousands)
Finite-lived intangible assets:
Trademarks	15	$	4,990	$	(1,641)	$	3,349
Customer agreements	4		2,832		(1,915)		917
Favorable lease	2		537		(537)		-
Patents	10		665		(247)		418
		$	9,024	$	(4,340)		4,684
Indefinite-lived intangible assets:
Trademarks							1,025,381

Intangible assets, net						$	1,030,065

December 31, 2016	Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(in thousands)
Finite-lived intangible assets:
Trademarks	15	$	4,981	$	(1,558)	$	3,423
Customer agreements	4		2,832		(1,738)		1,094
Favorable lease	2		537		(537)		-
Patents	10		665		(230)		435
		$	9,015	$	(4,063)		4,952
Indefinite-lived intangible assets:
Trademarks							1,025,260

Intangible assets, net						$	1,030,212

Estimated future annual amortization expense for intangible assets in service as of March 31, 2017 is summarized as follows:

Years ending December 31,	(in thousands)
Remainder of 2017	$	638
2018		782
2019		592
2020		402
2021		399
Thereafter		1,871
	$	4,684

Amortization expense amounted to approximately $0.3 million for each of the three months ended March 31, 2017 and 2016.

XML 22 R12.htm IDEA: XBRL DOCUMENT

Long-Term Debt

3 Months Ended

Mar. 31, 2017

Long-term Debt, by Current and Noncurrent [Abstract]

Long-Term Debt

Long-Term Debt

The components of long-term debt are as follows:

	March 31,		December 31,
	2017		2016
	(in thousands)

2016 Term Loans	$	575,425	$	582,500
2016 Revolving Loan		80,500		80,500
Unamortized deferred financing costs		(16,978)		(17,965)
Total long-term debt, net of unamortized deferred financing costs		638,947		645,035
Less: current portion of long-term debt		28,300		28,300
Long-term debt	$	610,647	$	616,735

July 2016 Debt Facilities

Interest Rate Caps

The Company’s risk management objective and strategy with respect to the 2016 Cap Agreements is to reduce its exposure to variability in expected future cash outflows (forecasted interest payments) attributable to change in 1-month LIBOR rates, the designated benchmark interest rate being hedged, relating to a portion of its outstanding floating-rate debt. The 2016 Cap Agreements protect the Company from increases in hedged cash flows on its floating-rate debt attributable to changes in 1-month LIBOR rates above the strike rate. Should 1-month LIBOR rates exceed 1.50% on a rate reset date during the terms of the 2016 Cap Agreements, the financial institutions will pay the Company for an amount equivalent to the excess interest over the strike rate. To the extent the hedging relationship is perfectly effective, changes in the fair value of the hedging instrument each period will be deferred in Accumulated other comprehensive loss in the condensed consolidated statement of changes in equity, and the upfront hedging instrument purchase price will be reclassified to Interest expense, net in the unaudited condensed consolidated statements of operations according to its caplet values. If hedge ineffectiveness exists, Accumulated other comprehensive loss will be adjusted to a balance that reflects the lesser of either the cumulative change in the fair value of the hedging or the cumulative change in the fair value of the hypothetically “perfect” derivative. The amount of ineffectiveness, if any, recorded in earnings would be equal to the excess of the cumulative change in the fair value of the hedging instrument over the cumulative change in the fair value of the hypothetical derivative.

XML 23 R13.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

3 Months Ended

Mar. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

MSLO Stockholder Complaint

General Legal Matters

XML 24 R14.htm IDEA: XBRL DOCUMENT

Stock-based Compensation

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-based Compensation

Stock-based Compensation

Stock Options

The following table summarizes the Company’s stock option activity for the three months ended March 31, 2017:

	Number of Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
	(in thousands, except share and per share data)
Outstanding - January 1, 2017		129,501	$	9.65		2.3	$	-
Granted		-		-
Exercised		-		-
Forfeited or Canceled		(40,500)		(12.19)
Outstanding - March 31, 2017		89,001	$	8.49		2.9	$	-

Exercisable - March 31, 2017		89,001	$	8.49		2.9	$	-

A summary of the changes in the Company’s unvested stock options is as follows:

	Number of Options		Weighted- Average Grant Date Fair Value
Unvested - January 1, 2017		5,000	$	1.96
Granted		-		-
Vested		(5,000)		(1.96)
Forfeited or Canceled		-		-
Unvested - March 31, 2017		-	$	-

The Company did not grant any stock options during the three months ended March 31, 2017 and 2016.

Warrants

The following table summarizes the Company’s outstanding warrants for the three months ended March 31, 2017:

	Number of Warrants		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
	(in thousands, except share and per share data)
Outstanding - January 1, 2017		801,760	$	7.87		3.1	$	51
Granted		-		-
Exercised		-		-
Forfeited or Canceled		-		-
Outstanding - March 31, 2017		801,760	$	7.87		2.8	$	-

Exercisable - March 31, 2017		776,760	$	7.69		2.7	$	-

A summary of the changes in the Company’s unvested warrants is as follows:

	Number of Warrants		Weighted- Average Grant Date Fair Value
Unvested - January 1, 2017		50,000	$	6.32
Granted		-		-
Vested		(25,000)		6.32
Forfeited or Canceled		-		-
Unvested - March 31, 2017		25,000	$	6.32

The Company did not issue any warrants during the three months ended March 31, 2017 and 2016.

Restricted Stock

A summary of the time-based restricted stock activity for the three months ended March 31, 2017 is as follows:

	Number of Shares		Weighted- Average Grant Date Fair Value		Weighted- Average Remaining Contractual Life (in Years)

	(in thousands, except share and per share data)
Unvested - January 1, 2017		258,787	$	8.45		2.1
Granted		-		-
Vested		(45,834)		(5.84)
Unvested - March 31, 2017		212,953	$	9.01		2.3

The Company did not grant time-based restricted stock during the three months ended March 31, 2017 and 2016.

Restricted Stock Units

A summary of the time-based restricted stock units activity for the three months ended March 31, 2017 is as follows:

	Number of Shares		Weighted- Average Grant Date Fair Value		Weighted- Average Remaining Contractual Life (in Years)

	(in thousands, except share and per share data)
Unvested - January 1, 2017		326,667	$	8.52		2.5
Granted		60,000		4.89
Vested		(78,333)		(13.27)
Unvested - March 31, 2017		308,334	$	6.60		2.2

Total compensation expense related to time-based restricted stock unit grants for the three months ended March 31, 2017 and 2016 was $1.0 million and $0.1 million, respectively.

Performance Stock Units

A summary of the PSUs activity for the three months ended March 31, 2017 is as follows:

	Number of Shares		Weighted- Average Grant Date Fair Value		Weighted- Average Remaining Contractual Life (in Years)

	(in thousands, except share and per share data)
Unvested - January 1, 2017		2,803,367	$	8.18		2.4
Granted		-		-
Vested		(701,233)		(10.97)
Forfeited or Cancelled		(437,500)		(7.23)
Unvested - March 31, 2017		1,664,634	$	4.31		2.7

The Company did not grant any PSUs during the three months ended March 31, 2017.

Total compensation expense related to the PSUs for the three months ended March 31, 2017 and 2016 was $3.5 million and $1.3 million, respectively.

- 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 + Details

XML 25 R15.htm IDEA: XBRL DOCUMENT

Related Party Transactions

3 Months Ended

Mar. 31, 2017

Related Party Transactions

Related Party Transactions

Consulting Services Agreement with Tengram Capital Partners, L.P. (f/k/a Tengram Capital Management L.P.)

The Company did not pay TCP any fees during the three months ended March 31, 2017 and 2016. At March 31, 2017 and December 31, 2016, there were no amounts due to TCP for services.

Transactions with E.S. Originals, Inc.

Acquisition of FUL

Investment in Available-for-Sale Securities

IP License Agreement and Intangible Asset Agreement

XML 26 R16.htm IDEA: XBRL DOCUMENT

Restructuring

3 Months Ended

Mar. 31, 2017

Restructuring and Related Activities [Abstract]

Restructuring

10.

Restructuring

The Company did not incur restructuring charges during the three months ended March 31, 2017.

Changes in the restructuring accruals during the three months ended March 31, 2017 were as follows:

	Severance & Related Benefits		Contract Termination Costs		Professional Fees		Total Accrual
	(in thousands)
Balance at January 1, 2017	$	-	$	1,500	$	-	$	1,500
Charges to expense		-		-		-		-
Amounts paid		-		-		-		-
Balance at March 31, 2017	$	-	$	1,500	$	-	$	1,500

The majority of the remaining contract termination costs are expected to be paid by the end of fiscal 2017.

XML 27 R17.htm IDEA: XBRL DOCUMENT

New Accounting Pronouncements

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

New Accounting Pronouncements

11.

New Accounting Pronouncements

ASU No. 2017-04, “Simplifying the Test for Goodwill Impairment”

ASU No. 2017-01, “FASB Clarifies the Definition of a Business”

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=66092750

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305

+ Details

XML 28 R18.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

Correction of Immaterial Error

Correction of Immaterial Error

Principles of Consolidation

Principles of Consolidation

Use of Estimates

Use of Estimates

Revenue Recognition

Revenue Recognition

Television sponsorship revenues are generally recorded ratably across the period when new episodes initially air.

Restricted Cash

Restricted Cash

Restricted cash consists of cash deposited with a financial institution required as collateral for the Company’s cash-collateralized letter of credit facilities.

Accounts Receivable

Accounts Receivable

Investments

Investments

					March 31, 2017
							Gross Unrealized
	Historical Cost		Cost Basis ⁽¹⁾		Estimated Fair Value		Gains		Losses
	(in thousands)

Available-for-sale securities	$	12,048	$	7,673	$	6,178	$	-	$	1,495

⁽¹⁾ The cost basis is historical cost less other-than-temporary impairment.

					December 31, 2016
							Gross Unrealized
	Historical Cost		Cost Basis ⁽¹⁾		Estimated Fair Value		Gains		Losses
	(in thousands)

Available-for-sale securities	$	12,048	$	7,673	$	7,673	$	-	$	-

⁽¹⁾ The cost basis is historical cost less other-than-temporary impairment.

Equity Method Investment

Equity Method Investment

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Treasury Stock

Treasury Stock

Treasury stock is recorded at cost as a reduction of equity in the condensed consolidated balance sheets.

Stock-Based Compensation

Stock-Based Compensation

Leases

Leases

Income Taxes

Income Taxes

Earnings Per Share

Earnings Per Share

	Three Months Ended March 31,
	2017		2016

Basic weighted-average common shares outstanding		62,459,711		61,209,868
Acquisition hold back shares		-		-
Warrants		-		-
Stock options		-		-
Performance based restricted stock		-		-
Unvested restricted stock		-		-
Diluted weighted-average common shares outstanding		62,459,711		61,209,868

	Three Months Ended March 31,
	2017		2016

Acquisition hold back shares		-		695,055
Warrants		-		330,671
Stock options		-		12,796
Performance based restricted stock		263,964		408,555
Unvested restricted stock		88,941		94,236
Total		352,905		1,541,313

Concentration of Credit Risk

Concentration of Credit Risk

Customer Concentrations

Customer Concentrations

Loss Contingencies

Loss Contingencies

Contingent Consideration

Contingent Consideration

Noncontrolling Interest

Noncontrolling Interest

Reportable Segment

Reportable Segment

XML 29 R19.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Investment

The unrealized gains and losses on the available-for-sale securities held by the Company as of March 31, 2017 and December 31, 2016 are set forth below.

					March 31, 2017
							Gross Unrealized
	Historical Cost		Cost Basis ⁽¹⁾		Estimated Fair Value		Gains		Losses
	(in thousands)

Available-for-sale securities	$	12,048	$	7,673	$	6,178	$	-	$	1,495

⁽¹⁾ The cost basis is historical cost less other-than-temporary impairment.

					December 31, 2016
							Gross Unrealized
	Historical Cost		Cost Basis ⁽¹⁾		Estimated Fair Value		Gains		Losses
	(in thousands)

Available-for-sale securities	$	12,048	$	7,673	$	7,673	$	-	$	-

⁽¹⁾ The cost basis is historical cost less other-than-temporary impairment.

Basic And Diluted Earnings (Loss) Per Common Share

The shares used to calculate basic and diluted EPS consist of the following:

	Three Months Ended March 31,
	2017		2016

Basic weighted-average common shares outstanding		62,459,711		61,209,868
Acquisition hold back shares		-		-
Warrants		-		-
Stock options		-		-
Performance based restricted stock		-		-
Unvested restricted stock		-		-
Diluted weighted-average common shares outstanding		62,459,711		61,209,868

Earnings Per Share, Basic and Diluted

	Three Months Ended March 31,
	2017		2016

Acquisition hold back shares		-		695,055
Warrants		-		330,671
Stock options		-		12,796
Performance based restricted stock		263,964		408,555
Unvested restricted stock		88,941		94,236
Total		352,905		1,541,313

XML 30 R20.htm IDEA: XBRL DOCUMENT

Fair Value Measurement of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets forth the carrying value and the fair value of the Company’s financial assets and liabilities required to be disclosed at March 31, 2017 and December 31, 2016:

			Carrying Value				Fair Value
Financial Instrument	Level		3/31/2017		12/31/2016		3/31/2017		12/31/2016
			(in thousands)
Available-for-sale securities		1	$	6,178	$	7,673	$	6,178	$	7,673
Interest rate cap		2	$	1,120	$	1,248	$	1,120	$	1,104
2016 Term Loans		3	$	575,425	$	582,500	$	546,397	$	551,324
2016 Revolving Loan		3	$	80,500	$	80,500	$	61,712	$	60,755
LNT Contingent Earn Out		3	$	-	$	-	$	-	$	-
Legacy Payments		3	$	2,053	$	1,995	$	2,053	$	1,995

Schedule of Notional Amounts of Outstanding Derivative Positions

The components of the 2016 Cap Agreements as of March 31, 2017 are as follows:

	Notional Value		Derivative Asset		Derivative Liability

	(in thousands)

LIBOR based loans	$	500,000	$	-	$	128

XML 31 R21.htm IDEA: XBRL DOCUMENT

Goodwill (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill, Impaired [Abstract]

Schedule of Goodwill

Goodwill is summarized as follows:

	March 31,		December 31,
	2017		2016
	(in thousands)

Balance at January 1	$	307,744	$	314,288
Adjustment for acquisition of Martha Stewart Living Omnimedia, Inc.		-		(11,249)
Acquisition of Gaiam, Inc. Branded Consumer Business		-		4,705
Ending balance	$	307,744	$	307,744

XML 32 R22.htm IDEA: XBRL DOCUMENT

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2017

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Summary of intangible assets

Intangible assets are summarized as follows:

March 31, 2017	Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(in thousands)
Finite-lived intangible assets:
Trademarks	15	$	4,990	$	(1,641)	$	3,349
Customer agreements	4		2,832		(1,915)		917
Favorable lease	2		537		(537)		-
Patents	10		665		(247)		418
		$	9,024	$	(4,340)		4,684
Indefinite-lived intangible assets:
Trademarks							1,025,381

Intangible assets, net						$	1,030,065

December 31, 2016	Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(in thousands)
Finite-lived intangible assets:
Trademarks	15	$	4,981	$	(1,558)	$	3,423
Customer agreements	4		2,832		(1,738)		1,094
Favorable lease	2		537		(537)		-
Patents	10		665		(230)		435
		$	9,015	$	(4,063)		4,952
Indefinite-lived intangible assets:
Trademarks							1,025,260

Intangible assets, net						$	1,030,212

Summary of future annual estimated amortization expense

Estimated future annual amortization expense for intangible assets in service as of March 31, 2017 is summarized as follows:

Years ending December 31,	(in thousands)
Remainder of 2017	$	638
2018		782
2019		592
2020		402
2021		399
Thereafter		1,871
	$	4,684

XML 33 R23.htm IDEA: XBRL DOCUMENT

Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure Long Term Debt [Abstract]

Schedule of long term debt

The components of long-term debt are as follows:

	March 31,		December 31,
	2017		2016
	(in thousands)

2016 Term Loans	$	575,425	$	582,500
2016 Revolving Loan		80,500		80,500
Unamortized deferred financing costs		(16,978)		(17,965)
Total long-term debt, net of unamortized deferred financing costs		638,947		645,035
Less: current portion of long-term debt		28,300		28,300
Long-term debt	$	610,647	$	616,735

XML 34 R24.htm IDEA: XBRL DOCUMENT

Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Option Activity

The following table summarizes the Company’s stock option activity for the three months ended March 31, 2017:

	Number of Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
	(in thousands, except share and per share data)
Outstanding - January 1, 2017		129,501	$	9.65		2.3	$	-
Granted		-		-
Exercised		-		-
Forfeited or Canceled		(40,500)		(12.19)
Outstanding - March 31, 2017		89,001	$	8.49		2.9	$	-

Exercisable - March 31, 2017		89,001	$	8.49		2.9	$	-

A summary of the changes in the Company’s unvested stock options is as follows:

	Number of Options		Weighted- Average Grant Date Fair Value
Unvested - January 1, 2017		5,000	$	1.96
Granted		-		-
Vested		(5,000)		(1.96)
Forfeited or Canceled		-		-
Unvested - March 31, 2017		-	$	-

Schedule of Warrants Activity

The following table summarizes the Company’s outstanding warrants for the three months ended March 31, 2017:

	Number of Warrants		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
	(in thousands, except share and per share data)
Outstanding - January 1, 2017		801,760	$	7.87		3.1	$	51
Granted		-		-
Exercised		-		-
Forfeited or Canceled		-		-
Outstanding - March 31, 2017		801,760	$	7.87		2.8	$	-

Exercisable - March 31, 2017		776,760	$	7.69		2.7	$	-

A summary of the changes in the Company’s unvested warrants is as follows:

	Number of Warrants		Weighted- Average Grant Date Fair Value
Unvested - January 1, 2017		50,000	$	6.32
Granted		-		-
Vested		(25,000)		6.32
Forfeited or Canceled		-		-
Unvested - March 31, 2017		25,000	$	6.32

Schedule of Restricted Stock Activity

A summary of the time-based restricted stock activity for the three months ended March 31, 2017 is as follows:

	Number of Shares		Weighted- Average Grant Date Fair Value		Weighted- Average Remaining Contractual Life (in Years)

	(in thousands, except share and per share data)
Unvested - January 1, 2017		258,787	$	8.45		2.1
Granted		-		-
Vested		(45,834)		(5.84)
Unvested - March 31, 2017		212,953	$	9.01		2.3

A summary of the time-based restricted stock units activity for the three months ended March 31, 2017 is as follows:

	Number of Shares		Weighted- Average Grant Date Fair Value		Weighted- Average Remaining Contractual Life (in Years)

	(in thousands, except share and per share data)
Unvested - January 1, 2017		326,667	$	8.52		2.5
Granted		60,000		4.89
Vested		(78,333)		(13.27)
Unvested - March 31, 2017		308,334	$	6.60		2.2

Schedule Of Performance Stock Units Activity

A summary of the PSUs activity for the three months ended March 31, 2017 is as follows:

	Number of Shares		Weighted- Average Grant Date Fair Value		Weighted- Average Remaining Contractual Life (in Years)

	(in thousands, except share and per share data)
Unvested - January 1, 2017		2,803,367	$	8.18		2.4
Granted		-		-
Vested		(701,233)		(10.97)
Forfeited or Cancelled		(437,500)		(7.23)
Unvested - March 31, 2017		1,664,634	$	4.31		2.7

XML 35 R25.htm IDEA: XBRL DOCUMENT

Restructuring (Tables)

3 Months Ended

Mar. 31, 2017

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

Changes in the restructuring accruals during the three months ended March 31, 2017 were as follows:

	Severance & Related Benefits		Contract Termination Costs		Professional Fees		Total Accrual
	(in thousands)
Balance at January 1, 2017	$	-	$	1,500	$	-	$	1,500
Charges to expense		-		-		-		-
Amounts paid		-		-		-		-
Balance at March 31, 2017	$	-	$	1,500	$	-	$	1,500

XML 36 R26.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Jul. 01, 2016
Significant Accounting Policies [Line Items]
Allowance for doubtful accounts receivable	$ 200		$ 200
Accounts Receivable, Net, Current, Total	44,879		$ 53,195
Revenue, Net, Total	39,400	$ 34,008
Net Cash Provided by (Used in) Financing Activities	$ (10,826)	(6,363)
Gaiam Brand Holdco, LLC [Member]
Significant Accounting Policies [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired				49.90%
Restatement Adjustment [Member]
Significant Accounting Policies [Line Items]
Net Cash Provided by (Used in) Operating Activities		300
Net Cash Provided by (Used in) Financing Activities		$ 300
Accounts Receivable [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	48.00%		49.00%
Accounts Receivable [Member] \| License One [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	17.00%		14.00%
Accounts Receivable [Member] \| License Two [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	16.00%		13.00%
Accounts Receivable [Member] \| License Three [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	15.00%		12.00%
Accounts Receivable [Member] \| License Four [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage			10.00%
Sales Revenue, Services, Net [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	10.00%	10.00%
Sales Revenue, Services, Net [Member] \| License One [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	11.00%	11.00%
Sales Revenue, Services, Net [Member] \| License Two [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	10.00%
Sales Revenue, Services, Net [Member] \| License Three [Member]
Significant Accounting Policies [Line Items]
Concentration Risk, Percentage	10.00%

XML 37 R27.htm IDEA: XBRL DOCUMENT

Unrealized Gains And Losses On Available-For-Sale Securities Held (Detail) - USD ($)
$ in Thousands

Mar. 31, 2017

Dec. 31, 2016

Historical Cost

$ 12,048

Cost Basis

^[1]

7,673

Estimated Fair Value

6,178

7,673

Gross Unrealized Gains

Gross Unrealized Losses

$ 1,495

$ 0

[1]	The cost basis is historical cost less other-than-temporary impairment.

XML 38 R28.htm IDEA: XBRL DOCUMENT

Basic and Diluted Weighted Average Common Shares Outstanding (Detail) - shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Basic weighted-average common shares outstanding	62,459,711	61,209,868
Acquisition hold back shares	0	0
Warrants	0	0
Stock options	0	0
Performance based restricted stock	0	0
Unvested restricted stock	0	0
Diluted weighted-average common shares outstanding	62,459,711	61,209,868

XML 39 R29.htm IDEA: XBRL DOCUMENT

Computation of Diluted EPS (Detail) - shares	3 Months Ended
Computation of Diluted EPS (Detail) - shares	Mar. 31, 2017	Mar. 31, 2016
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock, value, outstanding	352,905	1,541,313
Warrants
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock, value, outstanding	0	330,671
Performance based restricted stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock, value, outstanding	263,964	408,555
Acquisition hold back shares
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock, value, outstanding	0	695,055
Unvested restricted stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock, value, outstanding	88,941	94,236
Stock options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock, value, outstanding	0	12,796

XML 40 R30.htm IDEA: XBRL DOCUMENT

Fair Value Measurement of Financial Instruments -Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Gross Licensing Revenue Payable, Percentage	3.50%
Licensing Revenue Payment Period	5 years
Interest Rate Cap [Member]
Derivative, Notional Amount	$ 500,000		$ 500,000
Derivative, Cap Interest Rate			1.50%
Derivative, Maturity Date			Nov. 23, 2018
Interest Expense [Member]
Accretion Expense	$ 100	$ 100

XML 41 R31.htm IDEA: XBRL DOCUMENT

Fair Value Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 6,178	$ 7,673
Long-term debt, Carrying Value	610,647	616,735
Financial Instrument \| Interest rate cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, Carrying Value	1,120	1,248
Long-term debt, Fair Value	1,120	1,104
Financial Instrument \| 2016 Term Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, Carrying Value	575,425	582,500
Long-term debt, Fair Value	546,397	551,324
Financial Instrument \| 2016 Revolving Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, Carrying Value	80,500	80,500
Long-term debt, Fair Value	61,712	60,755
Financial Instrument \| Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	6,178	7,673
LNT Contingent Earn outs	0	0
Legacy Payments	2,053	1,995
Financial Instrument \| Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	6,178	7,673
LNT Contingent Earn outs	0	0
Legacy Payments	$ 2,053	$ 1,995

XML 42 R32.htm IDEA: XBRL DOCUMENT

Components of the 2016 Cap Agreement (Detail) - Interest Rate Cap [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Notional Value	$ 500,000	$ 500,000
Derivative Asset	0
Derivative Liability	$ 128

XML 43 R33.htm IDEA: XBRL DOCUMENT

Summary of Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
Summary of Goodwill (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule Of Goodwill [Line Items]
Beginning Balance	$ 307,744	$ 314,288
Ending Balance	307,744	307,744
Acquisition of Martha Stewart Living Omnimedia, Inc. [Member]
Schedule Of Goodwill [Line Items]
Acquisitions	0	(11,249)
Acquisition of Gaiam, Inc. Branded Consumer Business [Member]
Schedule Of Goodwill [Line Items]
Acquisitions	$ 0	$ 4,705

XML 44 R34.htm IDEA: XBRL DOCUMENT

Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Intangible Assets Disclosure [Line Items]
Amortization expense	$ 0.3	$ 0.3

XML 45 R35.htm IDEA: XBRL DOCUMENT

Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Schedule Of Finite Lived Intangible Assets [Line Items]
Finite-lived intangible asset, Gross Carrying Amount	$ 9,024	$ 9,015
Finite-lived intangible asset, Accumulated Amortization	(4,340)	(4,063)
Finite-lived intangible asset, Net Carrying Amount	4,684	4,952
Intangible assets, net	$ 1,030,065	$ 1,030,212
Trademarks
Schedule Of Finite Lived Intangible Assets [Line Items]
Finite-lived intangible asset, Useful Lives	15 years	15 years
Finite-lived intangible asset, Gross Carrying Amount	$ 4,990	$ 4,981
Finite-lived intangible asset, Accumulated Amortization	(1,641)	(1,558)
Finite-lived intangible asset, Net Carrying Amount	3,349	3,423
Indefinite lived intangible assets	$ 1,025,381	$ 1,025,260
Customer agreements
Schedule Of Finite Lived Intangible Assets [Line Items]
Finite-lived intangible asset, Useful Lives	4 years	4 years
Finite-lived intangible asset, Gross Carrying Amount	$ 2,832	$ 2,832
Finite-lived intangible asset, Accumulated Amortization	(1,915)	(1,738)
Finite-lived intangible asset, Net Carrying Amount	$ 917	$ 1,094
Favorable lease
Schedule Of Finite Lived Intangible Assets [Line Items]
Finite-lived intangible asset, Useful Lives	2 years	2 years
Finite-lived intangible asset, Gross Carrying Amount	$ 537	$ 537
Finite-lived intangible asset, Accumulated Amortization	(537)	(537)
Finite-lived intangible asset, Net Carrying Amount	$ 0	$ 0
Patents
Schedule Of Finite Lived Intangible Assets [Line Items]
Finite-lived intangible asset, Useful Lives	10 years	10 years
Finite-lived intangible asset, Gross Carrying Amount	$ 665	$ 665
Finite-lived intangible asset, Accumulated Amortization	(247)	(230)
Finite-lived intangible asset, Net Carrying Amount	$ 418	$ 435

XML 46 R36.htm IDEA: XBRL DOCUMENT

Future Annual Estimated Amortization Expense (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Future Annual Estimated Amortization Expense [Line Items]
Remainder of 2017	$ 638
2018	782
2019	592
2020	402
2021	399
Thereafter	1,871
Total	$ 4,684	$ 4,952

XML 47 R37.htm IDEA: XBRL DOCUMENT

Long-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Jul. 31, 2016	Mar. 31, 2017	Dec. 31, 2016
Disclosure Long Term Debt Additional Information [Line Items]
Long-term Debt		$ 610,647	$ 616,735
Interest Rate Cap [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Derivative, Notional Amount		500,000	$ 500,000
Derivative, Cap Interest Rate			1.50%
Derivative, Maturity Date			Nov. 23, 2018
BoA Credit Agreement [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Repayments of Debt		$ 5,000
BoA Credit Agreement [Member] \| July 2016 Debt Facilities [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Debt Instrument, Covenant Description	(i) maintain a positive net income, (ii) satisfy a maximum loan to value ratio set at 50.0% (applicable to the Revolving Loans and Tranche A Loans) and (iii) satisfy a maximum consolidated first lien leverage ratio, initially set at 2.80:1.00, decreasing over the term of the Amended BoA Credit Agreement until reaching the final maximum ratio of 2.50:1.00 for the fiscal quarter ending September 30, 2018 and thereafter.
Long-term Debt	$ 258,000
Debt Instrument, Description	amounting to: (i) the loans outstanding under the Amended BoA Credit Agreement plus, (a) where intellectual property is disposed, 50.0% of the disposed intellectual property’s orderly liquidation value, and (b) where any other assets constituting collateral are disposed or upon the receipt of certain insurance proceeds, 100% of the net proceeds thereof, subject to certain reinvestment rights; and (ii) the Tranche A-1 Loans to the extent that the outstanding principal amount thereof exceeds 10.0% of the orderly liquidation value of the registered trademarks owned by the BoA Facility Loan Parties.
Proceeds from Issuance of Long-term Debt	$ 287,500
GSO Term Loan Agreement [Member] \| July 2016 Debt Facilities [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Line of Credit Facility, Interest Rate Description	(i) the LIBOR rate plus an applicable margin of 8.25% or 9.00% per annum or (ii) the base rate plus an applicable margin of 7.25% or 8.00% per annum, in each case based upon the consolidated total leverage ratio.
Debt Instrument, Covenant Description	(a) in the event the consolidated total leverage ratio is at least 4.00:1.00, 75% thereof, (b) in the event the consolidated total leverage ratio is less than 4.00:1.00 but at least 3.00:1.00, 50% thereof and (c) in the event the consolidated total leverage ratio is less than 3.00:1.00, 0% thereof. Commencing on March 31, 2017, the Loans under the Amended GSO Credit Agreement will amortize in quarterly installments, equal to 2.00% per annum
Line of Credit Facility, Covenant Terms	The Company may request one or more additional term loan facilities or the increase of term loan commitments under the Amended GSO Credit Agreement as would not cause the consolidated total leverage ratio, determined on a pro forma basis after giving effect to any such addition and increase, to exceed 6.00:1.00, subject to the satisfaction of certain conditions in the Amended GSO Credit Agreement.
Debt Instrument, Covenant Compliance	(i) a maximum consolidated total leverage ratio, initially set at 7.25:1.00, decreasing over the term of the Amended GSO Credit Agreement until reaching the final maximum ratio of 6.50:1.00 for the fiscal quarter ending September 30, 2018 and thereafter and (ii) a maximum consolidated first lien leverage ratio, initially set at 2.80:1.00, decreasing over the term of the Amended GSO Credit Agreement until reaching the final maximum ratio of 2.50:1.00 for the fiscal quarter ending September 30, 2018 and thereafter.
Tranche A [Member] \| BoA Credit Agreement [Member] \| July 2016 Debt Facilities [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Debt instrument, Face amount	$ 133,000
Long-term Debt	133,000
Tranche A -1 Term Loans [Member] \| BoA Credit Agreement [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Debt instrument, Face amount	44,500
Tranche A -1 Term Loans [Member] \| BoA Credit Agreement [Member] \| July 2016 Debt Facilities [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Long-term Debt	$ 44,500
Revolving Credit Facility [Member] \| BoA Credit Agreement [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.375%
Revolving Credit Facility [Member] \| BoA Credit Agreement [Member] \| July 2016 Debt Facilities [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Line of credit facility, Maximum borrowing capacity	$ 110,000
Long-term Line of Credit	$ 80,500
Revolving Credit Facility [Member] \| Tranche A [Member] \| BoA Credit Agreement [Member] \| July 2016 Debt Facilities [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Debt Instrument, Interest Rate, Basis for Effective Rate	(a) the LIBOR rate plus 3.50% per annum or (b) the base rate plus 2.50% per annum
Revolving Credit Facility [Member] \| Tranche A -1 Term Loans [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Line of Credit Facility, Covenant Terms	(i) the Revolving Credit Facility and Tranche A Loans as would not cause the consolidated first lien leverage ratio, determined on a pro forma basis after giving effect to any such increase, to exceed 2.33:1.00 and (ii) the Tranche A-1 Loans, as would not cause the consolidated first lien leverage ratio, determined on a pro forma basis after giving effect to any such increase, to exceed (a) with respect to any increase, the proceeds of which will be used solely to finance an acquisition, 2.50:100 and (b) with respect to any other increase, 2.40:1.00, subject to the satisfaction of certain conditions in the Amended BoA Credit Agreement.
Revolving Credit Facility [Member] \| Tranche A -1 Term Loans [Member] \| BoA Credit Agreement [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Debt Instrument, Interest Rate, Basis for Effective Rate	(a) the LIBOR rate plus 7.00% per annum or (b) the base rate plus 6.00% per annum.
GSO Credit Agreement [Member] \| July 2016 Debt Facilities [Member]
Disclosure Long Term Debt Additional Information [Line Items]
Line of credit facility, Maximum borrowing capacity	$ 415,000

XML 48 R38.htm IDEA: XBRL DOCUMENT

Components of Long-Term Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule Of Long Term Debt [Line Items]
2016 Term Loans	$ 575,425	$ 582,500
2016 Revolving Loan	80,500	80,500
Unamortized deferred financing costs	(16,978)	(17,965)
Total long-term debt, net of unamortized deferred financing costs	638,947	645,035
Less: current portion of long-term debt	28,300	28,300
Long-term debt	$ 610,647	$ 616,735

XML 49 R39.htm IDEA: XBRL DOCUMENT

Stock-based Compensation - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended		3 Months Ended
	Feb. 28, 2017	Feb. 23, 2016	Mar. 31, 2017	Mar. 31, 2016
Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense			$ 0.1	$ 0.1
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of Options			0
Total unrecognized compensation expense			$ 0.1	0.3
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued				$ 0.3
Restricted Stock \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares granted			66,667
Total unrecognized compensation expense			$ 0.7
Restricted Stock \| Chief Financial Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares granted			60,000
Total unrecognized compensation expense			$ 0.1
Share-based compensation arrangement by share-based payment award, award vesting period			2 years
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued			$ 0.3
Restricted Stock \| Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares granted				35,000
Share-based compensation arrangement by share-based payment award, award vesting period				3 years
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards, granted in period	164,978	69,994
Total unrecognized compensation expense			$ 3.5	$ 1.3
Share Based Compensation Arrangement By Share Based Payment Award Options Vested Value				$ 0.2
Performance Stock Units \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares granted			200,000
Restricted stock awards, granted in period			60,000	20,000
Granted, Number of Options				30,000
Total unrecognized compensation expense			$ 2.9
Performance Stock Units \| Chief Financial Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards, granted in period			36,000	12,000
Total unrecognized compensation expense			$ 0.6	$ 0.4
Warrants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards, granted in period			0
Total unrecognized compensation expense			$ 0.1
Term Of Class Of Warrants Or Rights			2 months 12 days
Deferred Compensation Arrangement with Individual, Allocated Share-based Compensation Expense			$ 0.1	0.1
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense			$ 0.1	$ 0.1

XML 50 R40.htm IDEA: XBRL DOCUMENT

Summary of Stock Option Activity and Changes in Unvested Stock Options (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Changes in nonvested stock options
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, Number of Options	5,000
Granted, Number of Options	0
Vested, Number of Options	(5,000)
Forfeited or Canceled, Number of Options	0
Outstanding, Number of Options	0	5,000
Outstanding, Weighted Average Exercise Price	$ 1.96
Granted, Weighted Average Exercise Price	0
Vested, Weighted Average Exercise Price	(1.96)
Forfeited or Canceled, Weighted Average Exercise Price	0
Outstanding, Weighted Average Exercise Price	$ 0	$ 1.96
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, Number of Options	129,501
Granted, Number of Options	0
Exercised, Number of Options	0
Forfeited or Canceled, Number of Options	(40,500)
Outstanding, Number of Options	89,001	129,501
Exercisable, Number of Options	89,001
Outstanding, Weighted Average Exercise Price	$ 9.65
Granted, Weighted Average Exercise Price	0
Exercised, Weighted Average Exercise Price	0
Forfeited or Canceled, Weighted Average Exercise Price	(12.19)
Outstanding, Weighted Average Exercise Price	8.49	$ 9.65
Exercisable, Weighted Average Exercise Price	$ 8.49
Weighted Average Remaining Contractual Life (in years)	2 years 10 months 24 days	2 years 3 months 18 days
Exercisable, Weighted Average Remaining Contractual Life (in years)	2 years 10 months 24 days
Outstanding, Aggregate Intrinsic Value	$ 0
Outstanding, Aggregate Intrinsic Value	0	$ 0
Exercisable, Aggregate Intrinsic Value	$ 0

XML 51 R41.htm IDEA: XBRL DOCUMENT

Summary of Company's Outstanding Warrant and Changes in Unvested Warrants (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Changes In Unvested Warrants
Summary Of Company Outstanding Warrant and Changes In Unvested Warrants [Line Items]
Outstanding, Number of Warrants	50,000
Granted, Number of Warrants	0
Vested, Number of Warrants	(25,000)
Forfeited or Canceled, Number of Warrants	0
Outstanding, Number of Warrants	25,000	50,000
Outstanding, Weighted Average Exercise Price	$ 6.32
Granted, Weighted Average Exercise Price	0
Vested, Weighted Average Grant Date Fair Value	6.32
Forfeited or Canceled, Weighted Average Exercise Price	0
Outstanding, Weighted Average Exercise Price	$ 6.32	$ 6.32
Warrants
Summary Of Company Outstanding Warrant and Changes In Unvested Warrants [Line Items]
Outstanding, Number of Warrants	801,760
Granted, Number of Warrants	0
Exercised, Number of Warrants	0
Forfeited or Canceled, Number of Warrants	0
Outstanding, Number of Warrants	801,760	801,760
Exercisable, Number of Warrants	776,760
Outstanding, Weighted Average Exercise Price	$ 7.87
Granted, Weighted Average Exercise Price	0
Exercised, Weighted Average Exercise Price	0
Forfeited or Canceled, Weighted Average Exercise Price	0
Outstanding, Weighted Average Exercise Price	7.87	$ 7.87
Exercisable, Weighted Average Exercise Price	$ 7.69
Outstanding, Weighted Average Remaining Contractual Life (in Years)	2 years 9 months 18 days	3 years 1 month 6 days
Exercisable, Weighted Average Remaining Contractual Life (in Years)	2 years 8 months 12 days
Outstanding, Aggregate Intrinsic Value	$ 0	$ 51
Exercisable, Aggregate Intrinsic Value	$ 0

XML 52 R42.htm IDEA: XBRL DOCUMENT

Summary of Restricted Stock Activity and Performance Stock Units (Detail) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Restricted Stock
Summary Of Restricted Stock Activity [Line Items]
Outstanding, Number of Options	258,787
Granted, Number of Options	0
Vested, Number of Options	(45,834)
Outstanding, Number of Options	212,953	258,787
Weighted Average Grant Date Fair Value	$ 8.45
Granted, Weighted Average Grant Date Fair Value	0
Vested, Weighted Average Grant Date Fair Value	(5.84)
Weighted Average Grant Date Fair Value	$ 9.01	$ 8.45
Unvested, Weighted Average Remaining Contractual Life (in years)	2 years 3 months 18 days	2 years 1 month 6 days
Performance Stock Units (PSUs)
Summary Of Restricted Stock Activity [Line Items]
Outstanding, Number of Options	2,803,367
Granted, Number of Options	0
Vested, Number of Options	(701,233)
Forfeited or Cancelled, Number of Options	(437,500)
Outstanding, Number of Options	1,664,634	2,803,367
Weighted Average Grant Date Fair Value	$ 8.18
Granted, Weighted Average Grant Date Fair Value	0
Vested, Weighted Average Grant Date Fair Value	(10.97)
Forfeited or Cancelled, Weighted Average Grant Date Fair Value	(7.23)
Weighted Average Grant Date Fair Value	$ 4.31	$ 8.18
Unvested, Weighted Average Remaining Contractual Life (in years)	2 years 8 months 12 days	2 years 4 months 24 days
Restricted Stock Units (RSUs) [Member]
Summary Of Restricted Stock Activity [Line Items]
Outstanding, Number of Options	326,667
Granted, Number of Options	60,000
Vested, Number of Options	(78,333)
Outstanding, Number of Options	308,334	326,667
Weighted Average Grant Date Fair Value	$ 8.52
Granted, Weighted Average Grant Date Fair Value	4.89
Vested, Weighted Average Grant Date Fair Value	(13.27)
Weighted Average Grant Date Fair Value	$ 6.60	$ 8.52
Unvested, Weighted Average Remaining Contractual Life (in years)	2 years 2 months 12 days	2 years 6 months

XML 53 R43.htm IDEA: XBRL DOCUMENT

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions		1 Months Ended		3 Months Ended		12 Months Ended
	Jan. 01, 2013	Nov. 17, 2014	Jul. 30, 2013	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016	Aug. 15, 2014
Related Party [Line Items]
Intangible Asset Agreement Annual Payment				$ 1.7
License Agreement Annual Payment				1.3
License Agreement Payments During Period				0.6	$ 2,016.0
Tengram Capital Partners Gen2 Fund Lp
Related Party [Line Items]
Percentage of beneficially owned of outstanding common stock	5.00%
FUL
Related Party [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 8.9
Business Acquisition, Percentage of Voting Interests Acquired		50.50%
Income (Loss) Attributable to Noncontrolling Interest					0.1
ES Originals Inc
Related Party [Line Items]
Royalty Revenue		$ 4.5		3.8	3.7
Accrued Royalties				$ 7.0							$ 7.1
TCM Employee
Related Party [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross			125,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Grants In Period			180,000
TCP Employee
Related Party [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Grants In Period				200,000
Payment For Consulting Services				$ 0.1	0.1
TCP Employee \| Vesting Over Three Years [Member]
Related Party [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage				60.00%					20.00%	20.00%
TCP Employee \| Scenario, Forecast [Member] \| Vesting Over Three Years [Member]
Related Party [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage						33.40%	33.30%	33.30%
IP License Agreement And Intangible Asset Agreement [Member]
Related Party [Line Items]
Terms Of Agreement				for calendar years 2018 through 2020 exceed $195 million or the gross licensing revenues for calendar year 2020 equal or exceed $65 million.
Accretion Expense				$ 0.2	0.2
License Agreement Payments During Period				0.3	$ 0.3
TCP Agreement
Related Party [Line Items]
Receivables From Series Rendered For Merger And Acquisition	$ 1.0
License Agreement Annual Payment												$ 0.9
Acquisition of Transaction Fee				$ 12.0

XML 54 R44.htm IDEA: XBRL DOCUMENT

Restructuring - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($)	Mar. 31, 2016 USD ($)	Dec. 31, 2016 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Total		$ 2,500
Restructuring Reserve, Current			$ 1,500
Restructuring Reserve	$ 1,500
Payments for Restructuring	9,000
Restructuring and Related Cost, Number of Positions Eliminated		65
Other Restructuring Costs		$ 11,900
Professional Fees [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Total	0	500
Restructuring Reserve	0		0
Payments for Restructuring	0
Asset Write-Offs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Total		400
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Total	0	1,200
Restructuring Reserve	0		0
Payments for Restructuring	0
Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Total	0	$ 400
Restructuring Reserve	1,500		$ 1,500
Payments for Restructuring	$ 0

XML 55 R45.htm IDEA: XBRL DOCUMENT

Restructuring (Detail) - USD ($) $ in Thousands	3 Months Ended
Restructuring (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Mar. 31, 2016
Reserves and allowance deducted from asset accounts:
Charges to expense		$ 2,500
Amounts paid	$ (9,000)
Ending Balance	1,500
Severance & Related Benefits [Member]
Reserves and allowance deducted from asset accounts:
Beginning Balance	0
Charges to expense	0	1,200
Amounts paid	0
Ending Balance	0
Contract Termination Costs [Member]
Reserves and allowance deducted from asset accounts:
Beginning Balance	1,500
Charges to expense	0	400
Amounts paid	0
Ending Balance	1,500
Professional Fees [Member]
Reserves and allowance deducted from asset accounts:
Beginning Balance	0
Charges to expense	0	$ 500
Amounts paid	0
Ending Balance	0
Total Accrual [Member]
Reserves and allowance deducted from asset accounts:
Beginning Balance	1,500
Charges to expense	0
Amounts paid	0
Ending Balance	$ 1,500

EXCEL 56 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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̠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end XML 57 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.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; } }; Show.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( '-', '+' ); } } }; XML 58 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 60 FilingSummary.xml IDEA: XBRL DOCUMENT 3.7.0.1 html 186 269 1 true 66 0 false 4 false false R1.htm 101 - Document - Document And Entity Information Sheet http://www.sequentialbrandsgroup.com/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 102 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS Sheet http://www.sequentialbrandsgroup.com/role/CondensedConsolidatedBalanceSheets CONDENSED CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 103 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://www.sequentialbrandsgroup.com/role/CondensedConsolidatedBalanceSheetsParenthetical CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 104 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Sheet http://www.sequentialbrandsgroup.com/role/CondensedConsolidatedStatementsOfOperations CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Statements 4 false false R5.htm 105 - Statement - CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Sheet http://www.sequentialbrandsgroup.com/role/CondensedConsolidatedStatementOfChangesInEquity CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Statements 5 false false R6.htm 106 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://www.sequentialbrandsgroup.com/role/CondensedConsolidatedStatementsOfCashFlows CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 6 false false R7.htm 107 - Disclosure - Organization and Nature of Operations Sheet http://www.sequentialbrandsgroup.com/role/OrganizationAndNatureOfOperations Organization and Nature of Operations Notes 7 false false R8.htm 108 - Disclosure - Summary of Significant Accounting Policies Sheet http://www.sequentialbrandsgroup.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 109 - Disclosure - Fair Value Measurement of Financial Instruments Sheet http://www.sequentialbrandsgroup.com/role/FairValueMeasurementOfFinancialInstruments Fair Value Measurement of Financial Instruments Notes 9 false false R10.htm 110 - Disclosure - Goodwill Sheet http://www.sequentialbrandsgroup.com/role/Goodwill Goodwill Notes 10 false false R11.htm 111 - Disclosure - Intangible Assets Sheet http://www.sequentialbrandsgroup.com/role/IntangibleAssets Intangible Assets Notes 11 false false R12.htm 112 - Disclosure - Long-Term Debt Sheet http://www.sequentialbrandsgroup.com/role/LongtermDebt Long-Term Debt Notes 12 false false R13.htm 113 - Disclosure - Commitments and Contingencies Sheet http://www.sequentialbrandsgroup.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 13 false false R14.htm 114 - Disclosure - Stock-based Compensation Sheet http://www.sequentialbrandsgroup.com/role/StockbasedCompensation Stock-based Compensation Notes 14 false false R15.htm 115 - Disclosure - Related Party Transactions Sheet http://www.sequentialbrandsgroup.com/role/RelatedPartyTransactions Related Party Transactions Notes 15 false false R16.htm 116 - Disclosure - Restructuring Sheet http://www.sequentialbrandsgroup.com/role/Restructuring Restructuring Notes 16 false false R17.htm 117 - Disclosure - New Accounting Pronouncements Sheet http://www.sequentialbrandsgroup.com/role/NewAccountingPronouncements New Accounting Pronouncements Notes 17 false false R18.htm 118 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://www.sequentialbrandsgroup.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://www.sequentialbrandsgroup.com/role/SummaryOfSignificantAccountingPolicies 18 false false R19.htm 119 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://www.sequentialbrandsgroup.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://www.sequentialbrandsgroup.com/role/SummaryOfSignificantAccountingPolicies 19 false false R20.htm 120 - Disclosure - Fair Value Measurement of Financial Instruments (Tables) Sheet http://www.sequentialbrandsgroup.com/role/FairValueMeasurementOfFinancialInstrumentsTables Fair Value Measurement of Financial Instruments (Tables) Tables http://www.sequentialbrandsgroup.com/role/FairValueMeasurementOfFinancialInstruments 20 false false R21.htm 121 - Disclosure - Goodwill (Tables) Sheet http://www.sequentialbrandsgroup.com/role/GoodwillTables Goodwill (Tables) Tables http://www.sequentialbrandsgroup.com/role/Goodwill 21 false false R22.htm 122 - Disclosure - Intangible Assets (Tables) Sheet http://www.sequentialbrandsgroup.com/role/IntangibleAssetsTables Intangible Assets (Tables) Tables http://www.sequentialbrandsgroup.com/role/IntangibleAssets 22 false false R23.htm 123 - Disclosure - Long-Term Debt (Tables) Sheet http://www.sequentialbrandsgroup.com/role/LongtermDebtTables Long-Term Debt (Tables) Tables http://www.sequentialbrandsgroup.com/role/LongtermDebt 23 false false R24.htm 124 - Disclosure - Stock-based Compensation (Tables) Sheet http://www.sequentialbrandsgroup.com/role/StockbasedCompensationTables Stock-based Compensation (Tables) Tables http://www.sequentialbrandsgroup.com/role/StockbasedCompensation 24 false false R25.htm 125 - Disclosure - Restructuring (Tables) Sheet http://www.sequentialbrandsgroup.com/role/RestructuringTables Restructuring (Tables) Tables http://www.sequentialbrandsgroup.com/role/Restructuring 25 false false R26.htm 126 - Disclosure - Summary of Significant Accounting Policies - Additional Information (Detail) Sheet http://www.sequentialbrandsgroup.com/role/SummaryOfSignificantAccountingPoliciesAdditionalInformationDetail Summary of Significant Accounting Policies - Additional Information (Detail) Details 26 false false R27.htm 127 - Disclosure - Unrealized Gains And Losses On Available-For-Sale Securities Held (Detail) Sheet http://www.sequentialbrandsgroup.com/role/UnrealizedGainsAndLossesOnAvailableforsaleSecuritiesHeldDetail Unrealized Gains And Losses On Available-For-Sale Securities Held (Detail) Details 27 false false R28.htm 128 - Disclosure - Basic and Diluted Weighted Average Common Shares Outstanding (Detail) Sheet http://www.sequentialbrandsgroup.com/role/BasicAndDilutedWeightedAverageCommonSharesOutstandingDetail Basic and Diluted Weighted Average Common Shares Outstanding (Detail) Details 28 false false R29.htm 129 - Disclosure - Computation of Diluted EPS (Detail) Sheet http://www.sequentialbrandsgroup.com/role/ComputationOfDilutedEpsDetail Computation of Diluted EPS (Detail) Details 29 false false R30.htm 130 - Disclosure - Fair Value Measurement of Financial Instruments -Additional Information (Detail) Sheet http://www.sequentialbrandsgroup.com/role/FairValueMeasurementOfFinancialInstrumentsAdditionalInformationDetail Fair Value Measurement of Financial Instruments -Additional Information (Detail) Details 30 false false R31.htm 131 - Disclosure - Fair Value Assets and Liabilities Measured on Recurring Basis (Detail) Sheet http://www.sequentialbrandsgroup.com/role/FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisDetail Fair Value Assets and Liabilities Measured on Recurring Basis (Detail) Details 31 false false R32.htm 132 - Disclosure - Components of the 2016 Cap Agreement (Detail) Sheet http://www.sequentialbrandsgroup.com/role/ComponentsOf2016CapAgreementDetail Components of the 2016 Cap Agreement (Detail) Details 32 false false R33.htm 133 - Disclosure - Summary of Goodwill (Detail) Sheet http://www.sequentialbrandsgroup.com/role/SummaryOfGoodwillDetail Summary of Goodwill (Detail) Details 33 false false R34.htm 134 - Disclosure - Intangible Assets - Additional Information (Detail) Sheet http://www.sequentialbrandsgroup.com/role/IntangibleAssetsAdditionalInformationDetail Intangible Assets - Additional Information (Detail) Details 34 false false R35.htm 135 - Disclosure - Summary of Intangible Assets (Detail) Sheet http://www.sequentialbrandsgroup.com/role/SummaryOfIntangibleAssetsDetail Summary of Intangible Assets (Detail) Details 35 false false R36.htm 136 - Disclosure - Future Annual Estimated Amortization Expense (Detail) Sheet http://www.sequentialbrandsgroup.com/role/FutureAnnualEstimatedAmortizationExpenseDetail Future Annual Estimated Amortization Expense (Detail) Details 36 false false R37.htm 137 - Disclosure - Long-Term Debt - Additional Information (Detail) Sheet http://www.sequentialbrandsgroup.com/role/LongtermDebtAdditionalInformationDetail Long-Term Debt - Additional Information (Detail) Details 37 false false R38.htm 138 - Disclosure - Components of Long-Term Debt (Detail) Sheet http://www.sequentialbrandsgroup.com/role/ComponentsOfLongtermDebtDetail Components of Long-Term Debt (Detail) Details 38 false false R39.htm 139 - Disclosure - Stock-based Compensation - Additional Information (Detail) Sheet http://www.sequentialbrandsgroup.com/role/StockbasedCompensationAdditionalInformationDetail Stock-based Compensation - Additional Information (Detail) Details 39 false false R40.htm 140 - Disclosure - Summary of Stock Option Activity and Changes in Unvested Stock Options (Detail) Sheet http://www.sequentialbrandsgroup.com/role/SummaryOfStockOptionActivityAndChangesInUnvestedStockOptionsDetail Summary of Stock Option Activity and Changes in Unvested Stock Options (Detail) Details 40 false false R41.htm 141 - Disclosure - Summary of Company's Outstanding Warrant and Changes in Unvested Warrants (Detail) Sheet http://www.sequentialbrandsgroup.com/role/SummaryOfCompanysOutstandingWarrantAndChangesInUnvestedWarrantsDetail Summary of Company's Outstanding Warrant and Changes in Unvested Warrants (Detail) Details 41 false false R42.htm 142 - Disclosure - Summary of Restricted Stock Activity and Performance Stock Units (Detail) Sheet http://www.sequentialbrandsgroup.com/role/SummaryOfRestrictedStockActivityAndPerformanceStockUnitsDetail Summary of Restricted Stock Activity and Performance Stock Units (Detail) Details 42 false false R43.htm 143 - Disclosure - Related Party Transactions - Additional Information (Detail) Sheet http://www.sequentialbrandsgroup.com/role/RelatedPartyTransactionsAdditionalInformationDetail Related Party Transactions - Additional Information (Detail) Details 43 false false R44.htm 144 - Disclosure - Restructuring - Additional Information (Detail) Sheet http://www.sequentialbrandsgroup.com/role/RestructuringAdditionalInformationDetail Restructuring - Additional Information (Detail) Details 44 false false R45.htm 145 - Disclosure - Restructuring (Detail) Sheet http://www.sequentialbrandsgroup.com/role/RestructuringDetail Restructuring (Detail) Details http://www.sequentialbrandsgroup.com/role/RestructuringTables 45 false false All Reports Book All Reports sqbg-20170331.xml sqbg-20170331.xsd sqbg-20170331_cal.xml sqbg-20170331_def.xml sqbg-20170331_lab.xml sqbg-20170331_pre.xml true true ZIP 62 0001144204-17-025817-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001144204-17-025817-xbrl.zip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end