-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DVFA+Rk0GFcWL73wQHBdRB3iqs2zm0gSpz+5/RJ/ycFT8Ul6sB3+tqxTK0vOayxx 3hxjfpicsnQfsznK876Kkg== 0000276747-96-000005.txt : 19960517 0000276747-96-000005.hdr.sgml : 19960517 ACCESSION NUMBER: 0000276747-96-000005 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960331 FILED AS OF DATE: 19960515 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROBINSON NUGENT INC CENTRAL INDEX KEY: 0000276747 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC CONNECTORS [3678] IRS NUMBER: 350957603 STATE OF INCORPORATION: IN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-09010 FILM NUMBER: 96565158 BUSINESS ADDRESS: STREET 1: 800 E EIGHTH ST STREET 2: PO BOX 1208 CITY: NEW ALBANY STATE: IN ZIP: 47151-1208 BUSINESS PHONE: 8129450211 MAIL ADDRESS: STREET 1: PO BOX 1208 STREET 2: 800 E EIGHTH ST CITY: NEW ALBANY STATE: IN ZIP: 47151-1208 10-Q 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 1996 ===================================== OR [ ] 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 0-9010 ================================================= ROBINSON NUGENT, INC. ========================================================================= (Exact name of registrant as specified in its charter) INDIANA 35-0957603 ========================================================================= (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 800 East Eighth Street, New Albany, Indiana 47151-1208 ========================================================================== (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (812) 945-0211 ============================ 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 the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practical date: As of April 30, 1996, the registrant had outstanding 5,391,608 common shares without par value. The Index to Exhibits is located at page 13 in the sequential numbering system. Total pages: 14. ROBINSON NUGENT, INC. AND SUBSIDIARIES INDEX Page No. ======== PART I. Financial Information: Item 1. Financial Statements (Unaudited) Consolidated condensed balance sheets at March 31, 1996, March 31, 1995 and June 30, 1995 ........3 Consolidated condensed statements of income for the three and nine months ended March 31, 1996 and March 31, 1995.....5 Consolidated condensed statements of cash flows for the nine months ended March 31, 1996 and March 31,1995 ........6 Notes to consolidated condensed financial statements........7 Item 2. Management's discussion and analysis of financial condition and results of operations ........8 PART II. Other Information .......11 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS ROBINSON NUGENT, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) (IN THOUSANDS, EXCEPT SHARE DATA)
March 31 June 30 ====================== ======= ASSETS 1996 1995 1995 ======= ======= ======= Current assets: Cash and cash equivalents $ 2,024 $ 2,346 $ 2,460 Accounts receivable, net 12,280 12,120 12,209 Inventories: Raw materials 2,263 1,817 1,730 Work in process 6,977 7,271 6,861 Finished goods 4,169 2,744 2,687 ======= ======= ======= Total inventories 13,409 11,832 11,278 Other current assets 1,747 2,644 2,418 ======= ======= ======= Total current assets 29,460 28,942 28,365 ======= ======= ======= Property, plant & equipment, net 25,588 24,380 24,609 Other assets 692 1,196 1,195 ======= ======= ======= Total assets $55,740 $54,518 $54,169 ======= ======= ======= ======= ======= =======
See accompanying notes to consolidated condensed financial statements. PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS (CONTINUED) ROBINSON NUGENT, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) (IN THOUSANDS, EXCEPT SHARE DATA)
March 31 June 30 ==================== ======= LIABILITIES AND SHAREHOLDERS' EQUITY 1996 1995 1995 ======= ======= ======= Current liabilities: Current installments of long-term debt $ 522 $ 730 $ 924 Short-term bank borrowings 2,520 350 538 Accounts payable 6,022 6,896 6,131 Accrued expenses 4,752 4,385 4,456 Income taxes 578 1,177 441 ======= ======= ======= Total current liabilities 14,394 13,538 12,490 ======= ======= ======= Long-term debt, excluding current installments 3,428 4,338 4,143 Deferred income taxes 1,047 896 1,056 ======= ======= ======= Total liabilities 18,869 18,772 17,689 ======= ======= ======= Shareholders' equity: Common shares without par value Authorized shares: 15,000,000; Issued shares: 6,851,250 20,955 20,878 20,896 Retained earnings 22,921 21,528 22,325 Equity adjustment from foreign currency translation 3,108 3,943 3,774 Employee stock purchase plan loans and deferred compensation (489) (856) (768) Less treasury shares: 1,459,642 shares at March 31, 1996, and 1,479,586 shares at March 31, 1995 and June 30, 1995 (9,624) (9,747) (9,747) ======= ======= ======= Total shareholders' equity 36,871 35,746 36,480 ======= ======= ======= Total liabilities and shareholders' equity $55,740 $54,518 $54,169 ======= ======= ======= ======= ======= =======
See accompanying notes to consolidated condensed financial statements. PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS (CONTINUED) ROBINSON NUGENT, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF INCOME (UNAUDITED) (IN THOUSANDS, EXCEPT PER SHARE DATA)
Three Months Ended Nine Months Ended March 31 March 31 ===================== ================= 1996 1995 1996 1995 ======= ======= ======= ======= Net sales $21,178 $20,434 $61,725 $58,958 Cost of sales 16,434 15,368 47,448 43,054 ======= ======= ======= ======= Gross profit 4,744 5,066 14,277 15,904 Selling, general and administrative expenses 3,952 3,449 11,738 11,206 ======= ======= ======= ======= Operating income 792 1,617 2,539 4,698 ======= ======= ======= ======= Other income (expense): Interest income 34 34 92 102 Interest expense (142) (69) (375) (180) Royalty income 95 35 155 271 Currency gain (loss) 17 (279) (84) (295) Other expense -- (15) (122) (38) ======= ======= ======= ======= 4 (294) (334) (140) ======= ======= ======= ======= Income before income taxes 796 1,323 2,205 4,558 Income taxes 464 581 1,129 1,781 ======= ======= ======= ======= Net income $ 332 $ 742 $ 1,076 $ 2,777 ======= ======= ======= ======= ======= ======= ======= ======= Net income per common share $ .06 $ .14 $ .20 $ .52 ======= ======= ======= ======= ======= ======= ======= ======= Dividends per common share $ .03 $ .03 $ .09 $ .09 ======= ======= ======= ======= ======= ======= ======= ======= Weighted average number of common shares outstanding and common share equivalents 5,414 5,393 5,433 5,372 ======= ======= ======= ======= ======= ======= ======= =======
See accompanying notes to consolidated condensed financial statements. PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS (CONTINUED) ROBINSON NUGENT, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) (IN THOUSANDS)
Nine Months Ended March 31 =================== 1996 1995 ======= ======= Cash flows from operating activities: Net income $ 1,076 $ 2,777 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 3,972 2,700 Losses from disposition of capital assets 258 -- Increase in receivables (71) (1,241) Increase in inventories (2,131) (1,690) Decrease in other current assets 400 152 Decrease in accounts payable and accrued expenses 187 1,026 Increase in income taxes 399 438 ======= ======= Net cash provided by operating activities 4,090 4,162 ======= ======= Cash flows from investing activities: Capital expenditures (5,467) (4,720) Decrease in other assets 75 4 Investment in Teckino Manufacturing b.v.b.a., net of cash acquired -- (186) ======= ======= Net cash used in investing activities (5,392) (4,902) ======= ======= Cash flows from financing activities: Proceeds from short-term bank borrowings 2,230 350 Repayments of short-term bank borrowings (239) (800) Proceeds from long-term debt 193 -- Repayments of long-term debt (644) (100) Cash dividends paid (484) (479) Repayments of employee stock purchase plan loans 182 133 Issuance of common stock 5 -- Stock options exercised 3 80 Net cash provided by (used in) ======= ======= financing activities 1,246 (816) ======= ======= Effect of exchange rate changes on cash (380) 911 ======= ======= Decrease in cash and cash equivalents (436) (645) Cash and cash equivalents at beginning of period 2,460 2,991 ======= ======= Cash and cash equivalents at end of period $ 2,024 $ 2,346 ======= ======= ======= =======
See accompanying notes to consolidated condensed financial statements. PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS (CONTINUED) ROBINSON NUGENT, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (UNAUDITED) MARCH 31, 1996 AND 1995, AND JUNE 30, 1995 1. In the opinion of management, the accompanying unaudited consolidated condensed financial statements contain all adjustments necessary (all of which are normal and recurring) to present fairly the financial position of the Company and its subsidiaries, results of operations, and cash flows in conformity with generally accepted accounting principles. 2. Earnings per common share are based upon the weighted average number of shares outstanding during each period, plus common share equivalents resulting from dilutive stock options. 3. The income tax expense for the quarter and the nine months ended March 31, 1996 differs from expected effective rates due to income taxes on profit in the United States and no income tax benefits from losses in Europe. 4. Reference is directed to the Company's consolidated financial statements (Form 10-K), including references to the Annual Report, for the year ended June 30, 1995 and management's discussion and analysis included in Part I, Item 2 in this report. PART I. FINANCIAL INFORMATION ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS MATERIAL CHANGES IN RESULTS OF OPERATIONS Net sales for the quarter ended March 31, 1996 were $21,178,000, up 4 percent over sales of $20,434,000 in the same period a year ago. The sales growth in the quarter occurred in the United States, Europe and Asia. Sales in Europe advanced by 7 percent or $401,000 primarily as a result of higher shipments from the Company's facility in Scotland. Total business in the United States increased 6% compared to prior year, as higher domestic sales increased intercompany sales to our Asian subsidiary offset lower direct sales from the United States to our Asian customers. Net sales for the nine months ended March 31, 1996 were $61,725,000 compared to $58,958,000 for the same period a year ago. The sales growth in the nine month period occurred in Europe and Asia. Higher sales in Europe were due primarily to Teckino Manufacturing b.v.b.a. (Teckino), acquired February 21, 1995, which had $1,698,000 in sales in the nine month period compared to $331,000 in the same period a year ago. Higher sales in Asia were due primarily to a shift in customer sales from the United States to Asia. Comparative sales by geographic territory for the respective periods follows:
Three Months Ended Nine Months Ended =================== ================= ($000 omitted) March 31 March 31 =================== ================== 1996 1995 1996 1995 ======== ======== ======== ======= United States: Domestic $13,602 $13,121 $39,630 $37,198 Export: Europe 11 (135) 48 939 Asia 168 1,182 1,152 3,563 Rest of world 505 322 1,062 750 ======= ======= ======= ======= Total export sales 684 1,369 2,262 5,252 ======= ======= ======= ======= Total sales to customers 14,286 14,490 41,892 42,450 Intercompany 2,026 933 5,172 3,944 ======= ======= ======= ======= Total United States 16,312 15,423 47,064 46,394 ======= ======= ======= ======= Europe: Domestic 5,271 4,534 14,738 12,199 Export to Asia 324 594 1,352 1,803 Rest of world -- 5 -- 17 ======= ======= ======= ======= Total sales to customers 5,595 5,133 16,090 14,019 Intercompany 867 928 2,600 2,354 ======= ======= ======= ======= Total Europe 6,462 6,061 18,690 16,373 ======= ======= ======= ======= Asia: Domestic 1,297 614 3,743 1,781 Export to United States -- 197 -- 708 ======= ======= ======= ======= Total sales to customers 1,297 811 3,743 2,489 Intercompany 514 302 2,096 595 ======= ======= ======= ======= Total Asia 1,811 1,113 5,839 3,084 ======= ======= ======= ======= Eliminations (3,407) (2,163) (9,868) (6,893) ======= ======= ======= ======= Consolidated $21,178 $20,434 $61,725 $58,958 ======= ======= ======= ======= ======= ======= ======= =======
Incoming customer orders for the quarter ended March 31, 1996 amounted to $22.3 million, down slightly from orders of $22.5 million in the same quarter a year ago. Customer orders for the nine months ended March 31, 1996 were $63.4 million compared to $59.8 million in the prior year, an increase of $3.6 million or 6 percent. The Company ended the quarter with a backlog of unshipped orders of $16.9 million compared to $14.5 million a year ago. Gross profits in the quarter ended March 31, 1996 amounted to $4,744,000 or 22.4 percent of net sales, compared to $5,066,000 or 24.8 percent of net sales in the prior year. Gross profits are net of engineering charges associated with new product development which amounted to $1,013,000 or 4.8 percent of net sales in the current quarter compared to $920,000 or 4.5 percent of net sales in the prior year. The reduction in gross profits in the quarter compared to the prior year reflects continued competitive price pressures, an unfavorable product mix in Europe and higher engineering expenses on new products. Gross profits for the nine months ended March 31, 1996 amounted to $14,277,000 or 23.1 percent of net sales, compared to $15,904,000 or 27.0 percent of net sales in the prior year. In addition to the issues noted above in the quarter comparison, year to date gross profit was negatively effected by higher production costs associated with a new customized product in Europe, and the write- off of machinery and equipment for which there is no anticipated future use in the U. S. connector business. Engineering expenses for the nine months ended March 31, 1996 amounted to $2,688,000 or 4.4 percent of net sales compared to $2,704,000 or 4.6 percent of net sales in the prior year. Selling, general and administrative expenses of $3,952,000 for the three months ended March 31, 1996 increased by $503,000 or 15 percent compared to expenses of $3,449,000 in the prior year due to higher expenses in Europe, Asia and the United States. Europe increased $145,000, primarily due to the acquisition of Teckino. Asia increased $152,000 due primarily to the cost of the new regional headquarters in Singapore. Higher expenses in the United States reflect higher advertising, payroll and scrap expenses. Expenses of $11,738,000 for the nine months ended March 31, 1996 increased by $532,000 or 5 percent compared to expenses of $11,206,000 in the prior year. This primarily reflected reduced recruitment, promotions and bonus expense in the United States. Offsetting the expense reduction in the United States were higher expenses in Europe and Asia, reflecting the Company's expansion in these areas. Other income and expense for the three months ended March 31, 1996 reflected a net income of $4,000 compared to a net expense of $294,000 for the comparable three month period in the prior year. The quarterly change in other income and expense reflected higher royalty income, and currency gains in the current quarter compared to currency losses in the prior year's quarter; partly offsetting was higher interest expense in the current quarter. Interest expense increased to $142,000 compared to $69,000 in the prior year due to an increased borrowing level. Currency gains in the quarter totaled $17,000 compared to losses of $279,000 in the prior year. The prior year currency loss was primarily generated by the translation of foreign currency denominated intercompany loans resulting from transactions in Scotland and Switzerland. Other income and expense for the nine months ended March 31, 1996 reflected a net expense of $334,000 compared to $140,000 for the comparable nine month period in the prior year. The higher net other expense in the current period reflects higher interest expense, lower royalty income, and expenses related to the Company's joint venture (Isocon L.C. - terminated in December 1995), partially offset by lower currency losses. Interest expense increased to $375,000 compared to $180,000 in the prior year period due to an increased borrowing level. Royalty income for the nine months to date of $155,000 was $116,000 lower than last year due to the inclusion of a one- time royalty catch-up in the prior year's results. Other expense in the current year includes $122,000 of expenses related to the terminated Isocon L.C. joint venture. The provision for income taxes was provided using the appropriate effective tax rates for each of the tax jurisdictions in which the Company operates. A provision for income tax expense has been accrued for profits generated in the United States, Switzerland, Netherlands and the Company's cable operations in Malaysia, but no tax benefit has been recognized on the pretax losses incurred in Scotland, Belgium, Singapore and the Company's connector operations in Malaysia. The net income in the quarter ended March 31, 1996 amounted to $332,000 or 6 cents per share, compared to $742,000 or 14 cents per share, a year ago. The lower net income in the quarter resulted from lower gross profits and higher expenses compared to the prior year's third quarter; partly offset by the favorable currency variance. The net income for the nine months ended March 31, 1996 amounted to $1,076,000 or 20 cents per share compared to $2,777,000 or 52 cents per share a year ago. The year to date net losses from European and Asian operations were $642,000 and $145,000, respectively. European operations had a net loss of $317,000 in this period in the prior year. Asian operation's net income for the nine months ended March 31, 1995 was $187,000. MATERIAL CHANGES IN FINANCIAL CONDITION Net working capital at March 31, 1996 amounted to $15.1 million compared to $15.4 million at March 31, 1995 and $15.9 million at June 30, 1995. The current ratio was 2.0 to 1 compared to 2.1 to 1 in the prior year. The reduction in the current ratio was primarily the result of increased short-term borrowings. Short term bank borrowing of $2,520,000 increased $2,170,000 compared to the prior year, and $1,982,000 compared to June 30, 1995. Net inventory increased by $1,577,000 and $2,131,000 compared to March 31, 1995 and June 30, 1995, respectively. Cash and cash equivalent balances decreased by $436,000 at March 31, 1996 compared to June 30, 1995. There were no significant changes in long-term debt in the quarter ended March 31, 1996. Long-term debt due after one-year represented $3.4 million, or 9 percent of shareholders' equity at the quarter end, compared to $4.3 million or 12 percent of shareholders' equity at the prior year's quarter end. The Company believes working capital and capital expenditure requirements can be met from operations, cash balances, and available lines of credit. On April 18, 1996, the Company's Board of Directors authorized the purchase of up to 500,000 of the outstanding Common Shares of the Company in open market, or privately negotiated, transactions. The number of shares purchased, if any, will be dependent upon market conditions and will be subject to such terms and prices as management determines are appropriate. These purchases may be made from time to time between May 1, 1996 and April 30, 1997. Shares acquired in this program will be designated as treasury shares and will be available for general corporate purposes including use in the Company's stock option and employee stock purchase plan. Working capital needed to fund these purchases will initially be provided from the Company's existing short-term bank line of credit. This line of credit has been increased to $7,000,000 as of May 9, 1996. PART II. OTHER INFORMATION Item 1. Not applicable. Item 2. Not applicable. Item 3. Not applicable. Item 4. Not applicable. Item 5. Not applicable. Item 6. Exhibits and Reports on Form 8-K. (a) See Index to Exhibits. (b) No reports on Form 8-K were filed during the quarter ended March 31, 1996. (c) A Form 8-K was filed on April 26, 1996. 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. ROBINSON NUGENT, INC. ====================================== (Registrant) Date ======================= ====================================== Larry W. Burke President and Chief Executive Officer Date ======================= ====================================== Anthony J. Accurso Vice President, Treasurer and Chief Financial Officer FORM 10-Q INDEX TO EXHIBITS Number of Sequential Item Numbering Assigned in System Regulation S-K Page Number Item 601 Description of Exhibit of Exhibit ============== ===================================== ============ (2) Not applicable. (4) 4.1 Specimen certificate for Common Shares, without par value. (Incorporated by reference to Exhibit 4 to Form S-1 Registration Statement No. 2-62521.) 4.2 Rights Agreement dated April 21, 1988 between Robinson Nugent, Inc. and Bank One, Indianapolis, N.A. (Incorporated by reference to Exhibit I to Form 8-A Registration Statement dated May 2, 1988.) 4.3 Amendment No. 1 to Rights Agreement dated September 26, 1991 between Robinson Nugent, Inc. and Bank One, Indianapolis, N.A. (Incorporated by reference to Exhibit 4.3 to Form 10-K Report for year ended June 30, 1991.) 4.4 Amendment No. 2 to Rights Agreement dated June 11, 1992. (Incorporated by reference to Exhibit 4.4 to Form 8-K Current Report dated July 6, 1992.) (10) 10.1 Robinson Nugent, Inc. 1983 Tax-Qualified Incentive Stock Option Plan. (Incorporated by reference to Exhibit 10.1 to Form 10-K Report for year ended June 30, 1983.) 10.2 Robinson Nugent, Inc. 1983 Non Tax- Qualified Incentive Stock Option Plan. (Incorporated by reference to Exhibit 10.2 to Form 10-K Report for year ended June 30, 1983.) 10.3 Deferred compensation agreement dated May 10, 1990 between Robinson Nugent, Inc. and Larry W. Burke, President and Chief Executive Officer, and related agreement dated May 10, 1990 between Robinson Nugent, Inc. and PNC Bank, Kentucky, Inc. (formerly Citizens Fidelity Bank and Trust Company of Louisville, Kentucky) as trustee. (Incorporated by reference to Exhibit 19.1 to Form 10-K Report for year ended June 30, 1990.) 10.4 Summary of Robinson Nugent, Inc. Bonus Plan for the fiscal year ended June 30, 1996. (Incorporated by reference to Exhibit 10.7 to Form 10-K Report for year ended June 30, 1995.) 10.5 1993 Robinson Nugent, Inc. Employee and Non-Employee Director Stock Option Plan. (Incorporated by reference to Exhibit 19.1 to Form 10-K Report for year ended June 30, 1993.) 10.6 Summary of the Robinson Nugent, Inc. Employee Stock Purchase Plan (Incorporated by reference to Exhibit 19.2 to Form 10-K Report for year ended June 30, 1993.) (11) Not applicable. (15) Not applicable. (18) Not applicable. (19) Not applicable. (22) Not applicable. (23) Not applicable. (24) Not applicable. (27) Financial Data Schedule (99) Not applicable.
EX-27 2
5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ROBINSON NUGENT, INC. 10-Q FOR THE PERIOD ENDING MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 1,000 9-MOS JUN-30-1996 JUL-01-1995 MAR-31-1996 2,024 0 12,982 702 13,409 29,460 63,419 37,831 55,740 14,394 0 20,955 0 0 15,916 55,740 61,725 61,725 47,448 47,448 11,738 0 375 2,205 1,129 1,076 0 0 0 1,076 .20 .20
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