0001144204-12-045804.txt : 20120814 0001144204-12-045804.hdr.sgml : 20120814 20120814164204 ACCESSION NUMBER: 0001144204-12-045804 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120814 DATE AS OF CHANGE: 20120814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUTOINFO INC CENTRAL INDEX KEY: 0000351017 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING & COURIER SERVICES (NO AIR) [4210] IRS NUMBER: 132867481 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-11497 FILM NUMBER: 121033670 BUSINESS ADDRESS: STREET 1: PO BOX 4383 CITY: STAMFORD STATE: CT ZIP: 06907-0383 BUSINESS PHONE: 2019301800 MAIL ADDRESS: STREET 1: PO BOX 4383 CITY: STAMFORD STATE: CT ZIP: 06907-0383 10-Q 1 v318535_10q.htm FORM 10-Q

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

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

For the quarterly period ended:       JUNE 30, 2012

 

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

For the transition period from ______________ to ____________________

 

Commission File Number: 001-11497

 

AUTOINFO, INC.
(Exact name of Registrant as specified in its charter)

 

DELAWARE 13-2867481
(State or other jurisdiction of incorporation (I.R.S. Employer Identification number)
or organization)  

 

6413 Congress Ave., Suite 260, Boca Raton, FL 33487
(Address of principal executive office)

 

(561) 988-9456
(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, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

LARGE ACCELERATED FILER ¨   ACCELERATED FILER ¨
NON-ACCELERATED FILER ¨   SMALLER REPORTING COMPANY x

 

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 

YES ¨      NO x

 

The number of shares outstanding of the Registrant’s common stock as of August 14, 2012: 34,135,123 shares of common stock.

 

 
 

 

AUTOINFO, INC. AND SUBSIDIARIES

 

INDEX

 

Part I. Financial Information:

 

  Page 
Item 1.  Consolidated Financial Statements:   
     
  Balance Sheets June 30, 2012 (unaudited) and December 31, 2011 (audited) 3
     
  Statements of Income (unaudited) Three and Six months ended June 30, 2012 and 2011 4
     
  Statements of Cash Flows (unaudited)  Six months ended June 30, 2012 and 2011 5
     
  Notes to Unaudited Consolidated Financial Statements 6
     
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 11
     
Item 3. Quantitative and Qualitative Disclosures About Market Risk 19
     
Item 4. Controls and Procedures 19
     
Part II.  Other Information  
     
Item 6. Exhibits 19
     
Signatures   20

 

2
 

 

PART I - FINANCIAL INFORMATION

 

Item 1.CONSOLIDATED FINANCIAL STATEMENTS

 

AUTOINFO, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

 

   June 30,   December 31, 
   2012   2011 
   Unaudited   Audited 
ASSETS          
           
Current assets:          
Cash and cash equivalents  $131,000   $136,000 
Accounts receivable, net of allowance for doubtful accounts of $509,000 as of June 30, 2012 and December 31, 2011, respectively   39,238,000    40,658,000 
Deferred income taxes   -    42,000 
Prepaid expenses   1,524,000    1,415,000 
Current portion of advances and other assets   1,352,000    1,589,000 
           
Total current assets   42,245,000    43,840,000 
           
Fixed assets, net of accumulated depreciation   717,000    647,000 
           
Advances and other assets, net of current portion   6,204,000    4,551,000 
           
Goodwill and other intangibles   10,149,000    10,069,000 
           
Total assets  $59,315,000   $59,107,000 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
           
Current liabilities:          
Accounts payable and accrued liabilities  $20,651,000   $17,942,000 
           
Loan payable   11,820,000    16,273,000 
           
Commitments and contingencies          
           
Stockholders’ equity:          
Common stock - authorized 100,000,000 shares, $.001 par value; issued and outstanding 34,135,000 and 34,074,000 as of June 30, 2012 and December 31, 2011, respectively   35,000    34,000 
Additional paid-in capital   20,411,000    20,375,000 
Retained earnings   6,398,000    4,483,000 
           
Total stockholders’ equity   26,844,000    24,892,000 
           
Total liabilities and stockholders’ equity  $59,315,000   $59,107,000 

 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

 

3
 

 

AUTOINFO, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 

   Six Months Ended
June 30,		   Three Months Ended
June 30,		 
   2012   2011   2012   2011 
                 
Gross revenues:                    
Transportation services  $130,529,000   $161,381,000   $69,033,000   $86,438,000 
Agent support services   467,000    1,063,000    164,000    527,000 
Total revenues   130,996,000    162,444,000    69,197,000    86,965,000 
                     
Purchased transportation   105,062,000    132,788,000    55,788,000    71,001,000 
Purchased equipment for resale   283,000         69,000      
Commissions   16,359,000    21,788,000    8,521,000    11,711,000 
Operating expenses   5,961,000    5,036,000    2,924,000    2,661,000 
    127,665,000    159,612,000    67,302,000    85,373,000 
                     
Income from operations   3,331,000    2,832,000    1,895,000    1,592,000 
Interest expense   172,000    283,000    78,000    122,000 
                     
Income before income taxes   3,159,000    2,549,000    1,817,000    1,470,000 
Income taxes (Note 2)   1,244,000    984,000    732,000    565,000 
                     
Net  income  $1,915,000   $1,565,000   $1,085,000   $905,000 
                     
Net income per share:                    
Basic  $.06   $.05   $.03   $.03 
Diluted  $.05   $.04   $.03   $.03 
                     
Weighted average number of common shares:                    
Basic   34,133,000    33,760,000    34,135,000    33,916,000 
Diluted   35,854,000    35,415,000    35,776,000    35,515,000 

 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

 

4
 

 

AUTOINFO, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

   Six Months Ended
June 30,		 
   2012   2011 
Cash flows from operating activities:          
Net income  $1,915,000   $1,565,000 
Adjustments to reconcile net income to net cash provided by operating activities:          
Change in allowance for doubtful accounts   -    449,000 
Depreciation and amortization   127,000    104,000 
Stock-based compensation expense   37,000    65,000 
Deferred income taxes   42,000    - 
Changes in operating assets and liabilities:          
Accounts receivable   1,421,000    (796,000)
Prepaid expenses   (110,000)   (396,000)
Accounts payable and accrued liabilities   2,710,000    3,039,000 
           
Net cash provided by operating activities   6,142,000    4,030,000 
           
Cash flows from investing activities:          
Advances and other assets   (1,497,000)   (370,000)
Capital expenditures   (198,000)   (215,000)
Net cash (used in) investing activities   (1,695,000)   (585,000)
           
Cash flows from  financing activities:          
Exercise of stock options   -    18,000 
Decrease in  loan payable, net   (4,452,000)   (3,404,000)
Net cash (used in) financing activities   (4,452,000)   (3,386,000)
           
Net change in cash and cash equivalents   (5,000)   59,000 
Cash and cash equivalents, beginning of period   136,000    316,000 
           
Cash and cash equivalents, end of period  $131,000   $375,000 

 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

 

5
 

 

AUTOINFO, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

 

Forward Looking Statements

  

Certain statements made in this Quarterly Report on Form 10-Q are “forward-looking statements regarding the plans and objectives of management for future operations. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. Our plans and objectives are based, in part, on assumptions involving judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that our assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein particularly in view of the current state of our operations, the inclusion of such information should not be regarded as a statement by us or any other person that our objectives and plans will be achieved. Factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, the factors set forth under the sections entitled “Business,” and “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2011 as filed with the United States Securities and Exchange Commission (“SEC”), which discloses all material factors known to us that we believe could cause actual results to differ materially from those expressed or implied by forward-looking statements.

 

Note 1. - Business and Summary of Significant Accounting Policies

 

Business

 

AutoInfo, Inc., through its wholly-owned subsidiaries, Sunteck Transport Group, Inc. and E-Transport Group, Inc. (collectively, the “Company,” “we,” “us,” or “our”), operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes our brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions. The agent support services segment includes an array of services that we provide to our agent network to support and encourage the expansion of our agents’ businesses, primarily financial support through interest bearing long-term loans, sales type leases (which facilitate the acquisition of trucks by owner-operators), and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance industry and market segment data, and business analysis tools. Revenue in this segment consists primarily of interest on interest bearing loans and profits and interest earned on sales-type leases.

 

On July 8, 2011, the Company entered into an Asset Purchase Agreement (the “Acquisition Agreement”) with Eleets Transportation Company, Inc., a Florida corporation (the “Significant Agent”) to acquire substantially all of the operations of the Significant Agent’s truck agent business. This principally consisted of the future revenue stream generated by independent agents, customers and owner-operators already under contract with and operating under the Company’s authorities and licenses, which were managed by the Significant Agent and for which the Significant Agent received 100% of the net revenue earned. The purchase price totaled approximately $10 million and principally consisted of an unconditional release and discharge of the Significant Agent from approximately $9.4 million of indebtedness due to the Company, plus the assumption of certain liabilities.

 

6
 

 

As a non-asset based provider of brokerage and contract carrier transportation services, the Company does not own any equipment and its services are provided through its strategic alliances with less than truckload, truckload, air, rail, ocean common carriers and independent owner-operators to service customers’ needs. The Company’s brokerage and contract carrier services are provided through a network of independent sales agents throughout the United States and Canada. During its most recently completed fiscal year, the Company generated revenue, income from operations and net income of approximately $320.0 million, $6.4 million and $3.6 million, respectively.

 

Summary of Significant Accounting Policies

 

Basis of Presentation

 

The financial statements of the Company have been prepared using the accrual basis of accounting under accounting principles generally accepted in the United States of America (GAAP).

 

The consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the SEC. In management’s opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the results of operations for the interim periods presented. The results of operations for the three and six months ended June 30, 2012 and 2011 are not necessarily indicative of results to be expected for the entire year. Pursuant to SEC rules and regulations, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted from these statements. The consolidated financial statements and notes thereto should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.

 

Principles of Consolidation

 

The consolidated financial statements include the accounts of the AutoInfo, Inc., its wholly-owned subsidiaries, Sunteck Transport Group, Inc. and E-Transport Group, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.

 

Use of Estimates

 

The preparation of these financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets, liabilities and contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the periods presented. The Company believes that all such assumptions are reasonable and that all estimates are adequate, however, actual results could differ from those estimates.

 

Revenue Recognition

 

Gross revenues from transportation services consist of the total dollar value of services purchased by shippers. Revenue is recognized upon delivery of freight, at which time the related transportation cost, including commission, is also recognized. At that time, the Company’s obligations are completed and collection of receivables is reasonably assured. Gross revenues and profits from agent support services consist primarily of interest on interest bearing loans.

 

Accounting Standards Codification Topic 605-45 “Revenue Recognition – Principal Agent Considerations” (ASC 605-45), establishes criteria for recognizing revenues on a gross or net basis. The Company is the primary obligor in its transactions, has all credit risk, maintains substantially all risk and rewards, has discretion in selecting the supplier, and has latitude in pricing decisions. Accordingly, the Company records all transactions at the gross amount, consistent with the provisions of ASC 605-45.

 

7
 

 

Income on all loans is recognized on the interest method. Accrual of interest is suspended at the earlier of the time at which collection becomes doubtful or the loan becomes delinquent. Interest income on impaired loans is recognized either as cash is collected or on a cost-recovery basis as conditions warrant.

 

Cash and Cash Equivalents

 

Cash and cash equivalents consist of cash in banks.

 

Provision For Doubtful Accounts

 

The Company continuously monitors the creditworthiness of its customers and has established an allowance for amounts that may become uncollectible in the future based on current economic trends, its historical payment and bad debt write-off experience, and any specific customer related collection issues.

 

Fixed Assets

 

Fixed assets as of June 30, 2012 and December 31, 2011, consisting primarily of furniture, fixtures and equipment and computer system development costs, were carried at cost net of accumulated depreciation. Depreciation of fixed assets was provided on the straight-line method over the estimated useful lives of the related assets which range from three to five years.

 

Sales-Type Leases

 

The Company provides lease financing primarily through sales-type leases. The Company records, at the inception of the lease, the aggregate future minimum lease payments, the estimated residual value of the leased equipment and the related unearned income. Unearned income represents the difference between the sum of the future minimum lease payments receivable plus the estimated residual value less the sales price of the underlying equipment. Unearned income is recognized as revenue over the term of the related lease using the interest method. The equipment sale is recognized at the inception of the lease.

 

Intangible Assets

 

Goodwill represents the excess between the purchase price and the fair value of the net assets acquired. Goodwill is not amortized, but is tested at least annually for impairment using a fair value approach. Other intangible assets are primarily comprised of non-competition agreements which are being amortized on a straight-line basis of the estimated useful lives of three years.

 

Employee Benefit Plan

 

In 2008, the Company established a qualified 401(K) plan covering all employees meeting certain minimum requirements. Employees may contribute up to 5% of eligible compensation, as defined, and may make additional contributions subject to Internal Revenue Code limitations. The plan provided for matching contributions by the Company equal to 100% of the employees’ first 3% of elective deferrals and an additional 50% of the next 2% of elective deferrals, subject to a maximum contribution of 4% of an employees’ eligible compensation. In May 2009, the plan was modified to eliminate matching contributions by the Company. In July 2011, the plan was modified to reinstate matching contributions by the Company. 401(K) expense charged to operations for the three and six months ended June 30, 2012 was $4,000 and $10,000, respectively.

 

8
 

 

Income Per Share

 

Basic income per share is based on net income divided by the weighted average number of common shares outstanding. Common stock equivalents outstanding were 1,641,000 and 1,599,000, and 1,721,000 and 1,655,000, respectively, for the three and six month periods ended June 30, 2012 and 2011, respectively.

 

Income Taxes

 

The Company utilizes the asset and liability method for accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

Segment Information

 

The Company operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes the Company’s brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions. The agent support services segment includes an array of services that the Company provides to its agent network to support and encourage the expansion of the agents’ businesses, primarily financial support through interest bearing long-term loans, sales-type leases (which facilitate the acquisition of trucks by owner-operators) and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance, industry and market segment data and business analysis tools. Revenue in this segment consists primarily of interest earned on interest bearing loans and profits and interest earned on sales-type leases.

  

Note 2- Income Taxes

 

For the three and six month periods ended June 30, 2012 and 2011, respectively, the provision for income taxes consisted of the following:

 

   Three Months Ended June 30, 
   2012   2011 
   Current   Deferred   Current   Deferred 
                     
Income tax expense  $732,000   $-   $565,000   $- 

 

   Six Months Ended June 30, 
   2012   2011 
   Current   Deferred   Current   Deferred 
                     
Income tax expense  $1,202,000   $42,000   $984,000   $- 

 

9
 

 

Note 3 - Segment Reporting

 

         The Company operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes the brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions.  The agent support services segment includes an array of services that the Company provides to its agent network to support and encourage the expansion of the agents’ businesses, primarily financial support through interest bearing long-term loans, sales-type leases (which facilitate the acquisition of trucks by owner-operators), and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance, industry and market segment data, and business analysis tools. Revenue in this segment consists primarily of interest on interest bearing loans and profits and interest earned on sales-type leases.

         

Results of operations by segment for the three and six months ended June 30, 2012 and 2011 as well as total assets as of June 30, 2012 and 2011, are summarized below:

 

   Three months ended June 30, 2012   Three months ended June 30, 2011 
   Transportation
Services		   Agent
Support
Services		   Total   Transportation
Services		   Agent
Support
Services		   Total 
                               
Gross revenues  $69,033,000   $164,000   $69,197,000   $86,438,000   $527,000   $86,965,000 
Purchased transportation   55,788,000    -    55,788,000    71,001,000    -    71,001,000 
Purchased equipment for resale   -    69,000    69,000    -    -    - 
Commissions   8,521,000    -    8,521,000    11,711,000    -    11,711,000 
Operating expenses   2,856,000    68,000    2,924,000    2,595,000    66,000    2,661,000 
Income from operations   1,868,000    27,000    1,895,000    1,131,000    461,000    1,592,000 
Interest expense   78,000    -    78,000    122,000    -    122,000 
Income taxes   721,000    11,000    732,000    388,000    177,000    565,000 
Net income  $1,069,000   $16,000   $1,085,000   $621,000   $284,000   $905,000 

 

   Six months ended June 30, 2012   Six months ended June 30, 2011 
   Transportation
Services		   Agent
Support
Services		   Total   Transportation
Services		   Agent
Support
Services		   Total 
                               
Gross revenues  $130,529,000   $467,000   $130,996,000   $161,381,000   $1,063,000   $162,444,000 
Purchased transportation   105,062,000    -    105,062,000    132,788,000    -    132,788,000 
Purchased equipment for resale   -    283,000    283,000    -    -    - 
Commissions   16,359,000    -    16,359,000    21,788,000    -    21,788,000 
Operating expenses   5,825,000    136,000    5,961,000    4,905,000    131,000    5,036,000 
Income from operations   3,283,000    48,000    3,331,000    1,900,000    932,000    2,832,000 
Interest expense   172,000    -    172,000    283,000    -    283,000 
Income taxes   1,225,000    19,000    1,244,000    624,000    360,000    984,000 
Net income  $1,886,000   $29,000   $1,915,000   $993,000   $572,000   $1,565,000 
                               
Assets  $51,759,000   $7,556,000   $59,315,000   $52,719,000   $15,292,000   $68,011,000 

 

10
 

 

Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

Cautionary statement identifying important factors that could cause our actual results to differ from those projected in forward looking statements.

 

Readers of this report are advised that this document contains both statements of historical facts and forward looking statements. Forward looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those indicated by the forward looking statements. We undertake no obligation to revise or update publicly any forward looking statements for any reason. Examples of forward looking statements include, but are not limited to (i) projections of revenues, income or loss, earnings per share, capital expenditures, dividends, capital structure and other financial items, (ii) statements of our plans and objectives with respect to business transactions and enhancement of shareholder value, (iii) statements of future economic performance, and (iv) statements of assumptions underlying other statements and statements about our business prospects.

 

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with our financial statements and the notes thereto appearing elsewhere in this report.

 

Overview

 

Through our wholly-owned subsidiaries, Sunteck Transport Group, Inc. (“Sunteck”) and E-Transport Group, Inc., we are a non-asset based transportation services company, providing transportation capacity and related transportation services to shippers throughout the United States, and to a lesser extent, Canada. As a non-asset based provider of brokerage and contract carrier transportation services, we do not own any equipment and our services are provided through our strategic alliances with less than truckload, truckload, air, rail, ocean common carriers and independent owner-operators to service our customers’ needs. Our services include ground transportation coast to coast, local pick-up and delivery, air freight and ocean freight. Our business services emphasize safety, information coordination and customer service and are delivered through a network of independent commissioned sales agents and third party capacity providers coordinated by us. The independent commissioned sales agents typically enter into exclusive contractual arrangements with Sunteck and are responsible for locating freight and coordinating the transportation of the freight with customers and capacity providers. The third party capacity providers consist of independent contractors who provide truck capacity to us, including owner-operators who operate under our contract carrier license, air cargo carriers and railroads.

 

We operate in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes our brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions.  The agent support services segment includes an array of services that we provide to our agent network to support and encourage the expansion of our agents’ businesses, primarily financial support through interest bearing long-term loans, sales-type leases (which facilitate the acquisition of trucks by owner-operators), non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance, industry and market segment data and business analysis tools. Revenue in this segment consists primarily of interest earned on interest bearing loans and profits and interest earned on sales-type leases.

 

During the next twelve months, we plan to continue to offer our brokerage and contract carrier transportation services and expand our agent network. We are presently profitable and have adequate available lines of credit to satisfy our working capital requirements during the next twelve months.

 

 

11
 

 

Results of operations

 

Comparison of the three and six months ended June 30, 2012 and 2011

 

Through June 30, 2011, our contractual arrangement with one of our significant independent agents (the “Significant Agent”) provided for the Significant Agent’s retention of all of the net revenues earned on the transactions it generated.  The Significant Agent paid us interest on loans and advances we extended to it at rates ranging from 8% to 20% plus a fee equal to 25% of the Significant Agent’s pre-tax income, if any, as defined in the applicable agreement. In addition, the Significant Agent granted to us an option to convert a portion of outstanding loans into a 25% equity ownership interest in the Significant Agent’s business.

 

On July 8, 2011, pursuant to an Asset Purchase Agreement (the “Acquisition Agreement”) we acquired substantially all of the operations of the Significant Agent’s truck agent business. This principally consisted of the future revenue stream generated by independent agents, customers and owner-operators already under contract with and operating under our authorities and licenses, which were managed by the Significant Agent and for which the Significant Agent received 100% of the net revenue earned. The purchase price totaled approximately $10 million and principally consisted of an unconditional release and discharge of the Significant Agent from approximately $9.4 million of indebtedness due to us plus the assumption of certain liabilities. Goodwill recognized in this transaction amounted to $9.8 million and other intangible assets amounted to $0.2 million. Pursuant to the Acquisition Agreement, all previous contractual arrangements between us and the Significant Agent were terminated, including the option to convert a portion of outstanding loans into a 25% equity ownership interest in the Significant Agent’s business. However, we agreed to continue to provide the Significant Agent with certain support services for its retained businesses through December 31, 2011, and entered into a brokerage agent agreement with the Significant Agent.

 

In November 2011, the Significant Agent terminated its brokerage agent agreement with us and entered into a new credit facility with an unaffiliated third party. In connection with the termination of the brokerage agent agreement, the Significant Agent purchased approximately $11 million of our accounts receivable and assumed approximately $6 million of our related liabilities. The net proceeds of approximately $5 million were used by us to reduce the outstanding borrowings under our credit facility with Regions Bank.

 

The following Pro-Forma Consolidated Statement of Income gives effect to the July 2011 acquisition of the Significant Agent’s truck agent business and the November 2011 termination of the Significant Agent’s brokerage agreement on the previously reported results of operations for the three and six months ended June 30, 2011:

 

AUTOINFO, INC. AND SUBSIDIARIES

PRO FORMA CONSOLIDATED STATEMENT OF INCOME

FOR THE THREE MONTHS ENDED JUNE 30, 2011

 

   As previously reported   Pro-Forma adjustments   Pro-Forma 
             
Gross revenues               
Transportation services  $86,438,000   $ (a)     (23,877,000)   $62,561,000 
Agent support services   527,000    (b)          (497,000)    30,000 
Total revenues   86,965,000    (24,374,000)   62,591,000 
                
Purchased transportation   71,001,000    (a)    (20,276,000)    50,725,000 
Commissions   11,711,000    (a)      (3,491,000)      
         (c)         (805,000)    7,415,000 
Operating expenses   2,661,000    (a)         (110,000)      
         (d)           272,000    2,823,000 
    85,373,000    (24,410,000)   60,963,000 
                
Income from operations   1,592,000    36,000    1,628,000 
Interest expense   122,000    -    122,000 
                
Income before income taxes   1,470,000    36,000    1,506,000 
Income taxes   565,000    13,000    578,000 
                
Net income  $905,000   $23,000   $928,000 

 

12
 

 

Pro-Forma adjustments represent the impact of the loss of the Significant Agent’s business as follows:

(a)

Revenues   23,877,000 
Purchased transportation   20,276,000 
Commissions   3,491,000 
Operating expenses   110,000 
Income from operations   - 

(b) Interest income on debt component of consideration discharged to acquire Truck Agent Business Unit.

(c) Commissions paid to the Significant Agent pursuant to Truck Agent Agreement relating to the Truck Agent Business Unit acquired.

(d) $272,000 represents direct operating expenses, primarily payroll and related expenses, of Truck Agent Business Unit acquired.

 

AUTOINFO, INC. AND SUBSIDIARIES

PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE SIX MONTHS ENDED JUNE 30, 2011

 

   As previously
reported		   Pro Forma
adjustments		   Pro Forma 
             
Gross revenues               
Transportation services  $161,381,000    (a)  (44,555,000)   $116,826,000 
Agent support services   1,063,000    (b)       (986,000)    77,000 
Total revenues   162,444,000    (45,541,000)   116,903,000 
                
Cost of transportation   132,788,000    (a)   (38,247,000)   94,541,000 
Commissions   21,788,000    (c)     (1,545,000)     
         (a)     (6,104,000)   14,139,000 
Operating expenses   5,036,000    (c)           532,000      
         (a)        (204,000)   5,364,000 
    159,612,000    (45,568,000)   114,044,000 
                
Income from operations   2,832,000    27,000    2,859,000 
                
Interest expense   283,000         283,000 
                
Income before income taxes   2,549,000    27,000    2,576,000 
Income taxes   984,000    10,000    994,000 
                
Net income  $1,565,000   $17,000   $1,582,000 

 

13
 

 

Pro-Forma adjustments represent the impact of the loss of the Significant Agent’s business as follows:

(a)

Revenues   44,555,000 
Purchased transportation   38,247,000 
Commissions   6,104,000 
Operating expenses   204,000 
Income from operations   - 

(b) Interest income on debt component of consideration discharged to acquire Truck Agent Business Unit.

(c) Commissions paid to the Significant Agent pursuant to Truck Agent Agreement relating to the Truck Agent Business Unit acquired.

(d) $532,000 represents direct operating expenses, primarily payroll and related expenses, of Truck Agent Business Unit acquired.

 

The following comparison of the three and six months ended June 31, 2012 and 2011 is based upon the above pro-forma results for the three and six months ended June 30, 2011:

 

Revenues

 

For the three months ended June 30, 2012 and 2011:

 

Gross revenues totaled $69,197,000 for the three months ended June 30, 2012, as compared with pro-forma gross revenues of $62,591,000 in the same prior year period, an increase of approximately 11%.

 

Gross revenues from transportation services, consisting of freight fees and other related services revenue, totaled $69,033,000 for the three months ended June 30, 2012, as compared with pro-forma gross revenues from transportation services of $62,561,000 in the same prior year period, an increase of $6,472,000 or 10%. This increase is the direct result of the expansion and growth of our agent network.

 

Gross revenues in our agent support services segment of $164,000 for the three month ended June 30, 2012 consisted primarily of revenues recognized from sales-type leases against which we incurred the direct cost of purchased equipment of $69,000. Pro-forma gross revenues in our agent support services segment of $30,000 for the three month ended June 30, 2011 consisted primarily of interest income earned on loans.

 

For the six months ended June 30, 2012 and 2011:

 

Gross revenues totaled $130,996,000 for the six months ended June 30, 2012, as compared with pro-forma gross revenues of $116,903,000 in the same prior year period, an increase of approximately 12%.

 

Gross revenues from transportation services, consisting of freight fees and other related services revenue, totaled $130,529,000 for the six months ended June 30, 2012, as compared with pro-forma gross revenues from transportation services of $116,826,000 in the same prior year period, an increase of $13,703,000 or 12%. This increase is the direct result of the expansion and growth of our agent network.

 

Gross revenues in our agent support services segment of $467,000 for the six months ended June 30, 2012 consisted primarily of revenues recognized from sales-type leases against which we incurred the direct cost of purchased equipment of $283,000. Pro-forma gross revenues in our agent support services segment of $77,000 for the six months ended June 30, 2011 consisted primarily of interest income earned on loans.

 

14
 

 

Costs and expenses

 

Purchased transportation

 

Purchased transportation totaled $55,788,000 for the three months ended June 30, 2012, as compared with pro-forma purchased transportation of $50,725,000 in the same prior year period, an increase of 10%. This is the direct result of the 10% increase in gross revenues from transportation services realized.

 

Purchased transportation totaled $105,062,000 for the six months ended June 30, 2012, as compared with pro-forma purchased transportation of $94,541,000 in the same prior year period, an increase of 11%. This is the direct result of the 12% increase in gross revenues from transportation services realized.

 

Purchased equipment for resale

 

During the fourth quarter of 2011, through our newly acquired truck agent business, we introduced a sales-type lease program for our owner-operators to facilitate the acquisition of trucks. This resulted in gross revenues for the three and six months ended June 30, 2012 of $164,000 and $467,000, respectively, including the gain on the sale and interest income. The cost of this equipment was $69,000 and $283,000 for the three and six months ended June 30, 2012, respectively.

 

Commissions

 

Commissions totaled $8,521,000 for three months ended June 30, 2012, as compared with pro-forma commissions of $7,415,000 in the same prior year period, an increase of 15%. This increase is primarily attributable to the 10% increase in gross revenues from transportation services realized and a higher proportion of the revenue generated by agents with higher commission rates.

 

Commissions totaled $16,359,000 for six months ended June 30, 2012, as compared with pro-forma commissions of $14,139,000 in the same prior year period, an increase of 16%. This increase is primarily attributable to the 12% increase in gross revenues from transportation services realized and a higher proportion of the revenue generated by agents with higher commission rates.

 

Operating expenses

 

Operating expenses totaled $2,924,000 for three months ended June 30, 2012, as compared with pro-forma operating expenses of $2,823,000 in the same prior year period. This increase is the direct result of the increase in selling, general and administrative expenses in connection with our business expansion as well as the impact of the July 2011 acquisition of the truck agent business.

 

Operating expenses totaled $5,961,000 for three months ended June 30, 2012, as compared with pro-forma operating expenses of $5,364,000 in the same prior year period. This increase is the direct result of the increase in selling, general and administrative expenses in connection with our business expansion as well as the impact of the July 2011 acquisition of the truck agent business.

 

15
 

 

Interest expense

 

Interest expense, all of which was attributable to our transportation services segment, was $78,000 and $122,000 for the three months ended June 30, 2012 and 2011, respectively. The reduced interest expense in 2012 is the direct result of the reduction of the average outstanding balances under our credit facility to $11.4 million from $18.9 million for the three month periods ended June 30, 2012 and 2011, respectively, as well as lower applicable interest rates.

 

Interest expense, all of which was attributable to our transportation services segment, was $172,000 and $283,000 for the six months ended June 30, 2012 and 2011, respectively. The reduced interest expense in 2012 is the direct result of the reduction of the average outstanding balances under our credit facility to $12.5 million from $19.7 million for the six month periods ended June 30, 2012 and 2011, respectively, as well as lower applicable interest rates.

 

Income tax

 

Income tax expense for the three months ended June 30, 2012 was $732,000 consisting of federal income taxes of $632,000 and state income taxes of $100,000 compared to $565,000 for the same prior year period consisting of the federal income taxes of $483,000 and state income taxes of $82,000. The increase in income taxes is directly related to higher pre-tax income.

 

Income tax expense for the six months ended June 30, 2012 was $1,244,000 consisting of federal income taxes of $1,069,000 and state income taxes of $175,000 compared to $984,000 for the same prior year period consisting of the federal income taxes of $840,000 and state income taxes of $144,000. The increase in income taxes is directly related to higher pre-tax income.

 

Trends and uncertainties

 

The transportation industry is highly competitive and highly fragmented. In our brokerage services, our primary competitors are other non-asset based as well as asset based third party logistics companies, freight brokers, carriers offering logistics services and freight forwarders. In our contract carrier services, our competitors are other contract carriers and common carriers. We also compete with customers’ and shippers’ internal traffic and transportation departments as well as carriers’ internal sales and marketing departments directly seeking shippers’ freight. We anticipate that competition for our services will continue to increase. Many of our competitors have substantially greater capital resources, sales and marketing resources and experience. We cannot assure you that we will be able to effectively compete with our competitors in effecting our business expansion plans. The most significant trend contributing to our growth during the past two years has been the expansion of our brokerage services agent network and contract carrier agent and owner operator network. Sales agents are independent contractors and, as such, there are no assurances that we can either maintain our existing agent network or continue to expand this network.

 

For the six months ended June 30, 2012, our gross revenues increased to $131.0 million from pro-forma gross revenues of $116.9 million in the same prior year period. Factors that could adversely affect our operating results include:

 

·the success of Sunteck in expanding its business operations; and

 

·general economic conditions.

 

Depending on our ability to generate revenues, we may require additional funds to expand our business operations and for working capital and general corporate purposes. Any additional equity financing may be dilutive to stockholders, and debt financings may involve restrictive covenants that further limit our ability to make decisions that we believe will be in our best interests. In the event we cannot obtain additional financing on terms acceptable to us when required, our ability to expand our operations may be materially adversely affected.

 

16
 

 

Advances and other assets

 

An integral component of our growth strategy is, and has been, the expansion of our independent sales agent network. During the past two years, we have expanded this strategy to include independent sales agents with the experience and opportunity to build the infrastructure required to generate opportunities for significant increases in revenues. As our year-over-year results reflect, this initiative has been successful. In identifying these opportunities, we analyze a prospective sales agent’s customer relationships, financial stability, industry experience and past performance. Based upon the results of such analysis we determine our level of interest in affiliating with the target sales agent and evaluate such sales agent’s capital needs to support its integration into our business and to maximize the agent’s potential revenue growth, and thus revenue contribution.

 

Our agent expansion and recruiting program includes several components which are tailored to the specific needs of individual agent groups. Each of these situations has differing characteristics and are addressed and evaluated on a case-by-case basis. The options we consider to support a new sales agent’s business expansion include signing bonuses, short-term advances, non-interest bearing loans, long-term advances and interest bearing loans.

 

Loans have been utilized in a limited number of sales agent opportunities and the loan proceeds are restricted in use. Such funds can be used by independent sales agents only to invest in operating facilities, equipment and personnel, which typically includes both sales and operating staff. These are viewed by us as contributing to future revenue enhancement that we will benefit from.

 

Liquidity and capital resources

 

During the past two years, our sources for cash have been the cash flow generated from operations and available borrowings under our line of credit.

 

At June 30, 2012, we had an outstanding balance of $11,820,000 under our $35 million line of credit. In April 2011, we modified our credit facility with Regions Bank to (a) increase our line of credit from $30 million to $35 million, (b) extend the maturity date from March 2012 to June 2014 and (c) change the interest rate from LIBOR plus 2.5% with a floor ranging from 3.0 – 3.5% to LIBOR plus 1.75% - 2.25%, with no floor, based upon the maintenance of certain financial covenants. As of June 30, 2012, we were in compliance, and not at risk of breach, with respect to each of these covenants. We believe that we have sufficient working capital to meet our short-term operating needs.

 

At June 30, 2012, we had liquid assets of approximately $375,000. Available cash is used to reduce borrowings on our line of credit.

 

The total amount of debt outstanding as of June 30, 2012 and 2011 was $11,820,000 and $19,028,000, respectively. The following table presents our debt instruments and their weighted average interest rates as of June 30, 2012 and 2011, respectively:

 

   Balance   Weighted
Average Rate		   Balance   Weighted
Average Rate		 
   2012   2011 
                     
Line of Credit   11,820,000    2.00%   19,028,000    2.21%

 

Inflation had no material impact on our revenues or the results of operations for the period ended June 30, 2012.

 

17
 

 

Critical accounting policies

 

Preparation of our financial statements 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Note 1 of the Notes to Financial Statements includes a summary of the significant accounting policies and methods used in the preparation of our financial statements. The most significant areas involving our estimates and assumptions are described below. Actual results could differ materially from our estimates under different assumptions or conditions.

 

Revenue recognition

 

Gross revenues from transportation services consist of the total dollar value of services purchased by shippers. Gross profits are gross revenues less the direct costs of transportation. Revenue is recognized upon the delivery of freight, at which time the related transportation cost, including commission, is also recognized. At that time, our obligations are completed and collection of receivables is reasonably assured. Gross revenues and profits from agent support services consist primarily of interest on interest bearing loans.

 

Accounting Standards Codification Topic 605-45 “Revenue Recognition – Principal Agent Considerations” (ASC 605-45), establishes criteria for recognizing revenues on a gross or net basis. We are the primary obligor in our transactions, have all credit risk, maintain substantially all risk and rewards, have discretion in selecting the supplier, and latitude in pricing decisions. Accordingly, we record all transactions at the gross amount, consistent with the provisions of ASC 605-45.

 

Income on all loans is recognized on the interest method. Accrual of interest is suspended at the earlier of the time at which collection becomes doubtful or the loan becomes delinquent. Interest income on impaired loans is recognized either as cash is collected or on a cost-recovery basis as conditions warrant.

 

Allowance for doubtful accounts

 

We continuously monitor the creditworthiness of our customers and have established an allowance for amounts that may become uncollectible in the future based on current economic trends, our historical payment and bad debt write-off experience, and any specific customer related collection issues.

 

Off-balance sheet arrangements

 

We do not have any off-balance sheet arrangements.

 

18
 

 

Item 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a smaller reporting company we are not required to provide the information required by this Item.

 

Item 4.CONTROLS AND PROCEDURES

 

(a)Evaluation of Disclosure Controls and Procedures

 

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

 

(b)Changes in Internal Control over Financial Reporting

 

There were no changes in our internal controls over financial reporting that occurred during the quarter covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

PART II - OTHER INFORMATION

 

Item 6.   EXHIBITS
     
Exhibit No.                 Description
31A   Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
31B   Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
32A   Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
32B   Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
101.INS(1)   XBRL Instance Document
101.CAL(1)   XBRL Taxonomy Extension Schema Document
101.SCH(1)   XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB(1)   XBRL Taxonomy Extension Label Linkbase Document
101.PRE(1)   XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF(1)   XBRL Taxonomy Extension Definition Linkbase Document

_______________________

*Filed as an exhibit hereto.

(1) Furnished with this report. In accordance with Rule 406T of Regulation S-T, the information in these exhibits shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to liability under that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

 

19
 

 

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.

 

  AUTOINFO, INC.
     
    /s/ Harry Wachtel
    Harry Wachtel
    Chief Executive Officer
    (Principal Executive Officer)

 

  /s/ William Wunderlich
  William Wunderlich
  Chief Financial Officer
  (Principal Financial Officer)

 

Date:    August 14, 2012

 

20

 

 EX-31.A 2 v318535_ex31a.htm EXHIBIT 31.A

 

Exhibit 31A

 

 CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

 

I, Harry Wachtel, certify that:

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Date: August 14, 2012

 

  /s/ Harry Wachtel  
  Harry Wachtel
  Chief Executive Officer
  (Principal Executive Officer)

 

 

 EX-31.B 3 v318535_ex31b.htm EXHIBIT 31.B

 

Exhibit 31B

 

CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002

 

I, William Wunderlich, certify that:

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Date: August 14, 2012

 

  /s/ William Wunderlich  
  William Wunderlich
  Chief Financial Officer
  (Principal Financial Officer)
 

 

 EX-32.A 4 v318535_ex32a.htm EXHIBIT 32.A

 

Exhibit 32A

 

CERTIFICATION PURSUANT TO

 18 U.S.C. SECTION 1350,

 AS ADOPTED PURSUANT TO

 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of AutoInfo, Inc. (the “Company”) on Form 10-Q for the quarter ended June 30, 2012 as filed with the Securities and Exchange Commission (SEC) on the date hereof (the “Report”), I, Harry Wachtel, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

 

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

 

(2)          The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

A signed original of this written statement has been provided to the Company and will be retained by the Company and furnished to the SEC or its staff upon request.

 

Date:    August 14, 2012

 

/s/ Harry Wachtel  
   
Harry Wachtel  
Chief Executive Officer  
(Principal Executive Officer)  

 

 

 EX-32.B 5 v318535_ex32b.htm EXHIBIT 32.B

 

Exhibit 32B

 

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

 

In connection with the Quarterly Report of AutoInfo, Inc. (the “Company”) on Form 10-Q for the quarter ended June 30, 2012 as filed with the Securities and Exchange Commission (SEC) on the date hereof (the “Report”), I, William Wunderlich, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

 

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

 

(2)          The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

A signed original of this written statement has been provided to the Company and will be retained by the Company and furnished to the SEC or its staff upon request.

 

Date:    August 14, 2012

 

/s/ William Wunderlich  
   
William Wunderlich  
Chief Financial Officer  
(Principal Financial Officer)  

 

 

 

 EX-101.INS 6 auto-20120630.xml XBRL INSTANCE DOCUMENT 34135123 9400000 10000000 68011000 375000 52719000 15292000 20411000 1352000 6204000 26844000 100000000 34135000 1524000 6398000 59315000 39238000 59315000 131000 34135000 20651000 509000 35000 0.001 42245000 11820000 717000 10149000 51759000 7556000 316000 42000 20375000 1589000 4551000 24892000 100000000 34074000 1415000 4483000 59107000 40658000 59107000 136000 34074000 17942000 509000 34000 0.001 43840000 16273000 647000 10069000 159612000 2832000 984000 104000 65000 0.04 3039000 449000 18000 4030000 -585000 215000 -3404000 59000 35415000 796000 2549000 0.05 -3386000 396000 5036000 132788000 33760000 21788000 162444000 370000 1565000 984000 283000 1900000 4905000 132788000 21788000 161381000 993000 624000 283000 932000 131000 1063000 572000 360000 1655000 AUTO AUTOINFO INC false Smaller Reporting Company Q2 2012 10-Q 2012-06-30 0000351017 --12-31 <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Basis of Presentation</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The financial statements of the Company have been prepared using the accrual basis of accounting under accounting principles generally accepted in the United States of America (GAAP).</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the SEC. In management&#x2019;s opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the results of operations for the interim periods presented. The results of operations for the three and six months ended June 30, 2012 and 2011 are not necessarily indicative of results to be expected for the entire year. Pursuant to SEC rules and regulations, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted from these statements. The consolidated financial statements and notes thereto should be read in conjunction with the financial statements and notes included in the Company&#x2019;s Annual Report on Form 10-K for the year ended December 31, 2011.</p> </div> 127665000 3331000 <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Revenue Recognition</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Gross revenues from transportation services consist of the total dollar value of services purchased by shippers. Revenue is recognized upon delivery of freight, at which time the related transportation cost, including commission, is also recognized. At that time, the Company&#x2019;s obligations are completed and collection of receivables is reasonably assured. Gross revenues and profits from agent support services consist primarily of interest on interest bearing loans.</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Accounting Standards Codification Topic 605-45 &#x201C;Revenue Recognition &#x2013; Principal Agent Considerations&#x201D; (ASC 605-45), establishes criteria for recognizing revenues on a gross or net basis. The Company is the primary obligor in its transactions, has all credit risk, maintains substantially all risk and rewards, has discretion in selecting the supplier, and has latitude in pricing decisions. Accordingly, the Company records all transactions at the gross amount, consistent with the provisions of ASC 605-45.&#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Income on all loans is recognized on the interest method. Accrual of interest is suspended at the earlier of the time at which collection becomes doubtful or the loan becomes delinquent. Interest income on impaired loans is recognized either as cash is collected or on a cost-recovery basis as conditions warrant.</p> </div> <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Segment Information</u></p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Company operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes the Company&#x2019;s brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions. The agent support services segment includes an array of services that the Company provides to its agent network to support and encourage the expansion of the agents&#x2019; businesses, primarily financial support through interest bearing long-term loans, sales-type leases (which facilitate the acquisition of trucks by owner-operators) and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance, industry and market segment data and business analysis tools. Revenue in this segment consists primarily of interest earned on interest bearing loans and profits and interest earned on sales-type leases.</p> </div> 1202000 <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Fixed Assets</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Fixed assets as of June 30, 2012 and December 31, 2011, consisting primarily of furniture, fixtures and equipment and computer system development costs, were carried at cost net of accumulated depreciation. Depreciation of fixed assets was provided on the straight-line method over the estimated useful lives of the related assets which range from three to five years.</p> </div> <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Cash and Cash Equivalents</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Cash and cash equivalents consist of cash in banks.</p> </div> 127000 <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Sales-Type Leases</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Company provides lease financing primarily through sales-type leases. The Company records, at the inception of the lease, the aggregate future minimum lease payments, the estimated residual value of the leased equipment and the related unearned income. Unearned income represents the difference between the sum of the future minimum lease payments receivable plus the estimated residual value less the sales price of the underlying equipment. Unearned income is recognized as revenue over the term of the related lease using the interest method. The equipment sale is recognized at the inception of the lease.</p> </div> 37000 0.05 2710000 0.04 <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> For the three and six month periods ended June 30, 2012 and 2011, respectively, the provision for income taxes consisted of the following:</p> <p style="TEXT-ALIGN: center; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <table style="WIDTH: 80%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; MARGIN-LEFT: 0.5in" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="TEXT-ALIGN: center" colspan="14" nowrap="nowrap">Three Months Ended June 30,</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">2012</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">2011</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Current</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Deferred</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Current</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Deferred</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="WIDTH: 52%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">Income tax expense</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 732,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> -</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 565,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> -</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> </tr> </table> <p style="TEXT-ALIGN: center; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <table style="WIDTH: 80%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; MARGIN-LEFT: 0.5in" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="TEXT-ALIGN: center" colspan="14" nowrap="nowrap">Six Months Ended June 30,</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">2012</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">2011</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Current</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Deferred</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Current</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Deferred</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; WIDTH: 52%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2.5pt">Income tax expense</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,202,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 42,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 984,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> -</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> </tr> </table> </div> <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Results of operations by segment for the three and six months ended June 30, 2012 and 2011 as well as total assets as of June 30, 2012 and 2011, are summarized below:</p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: center" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="10" nowrap="nowrap">Three months ended June 30, 2012</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="10" nowrap="nowrap">Three months ended June 30, 2011</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Transportation<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Agent<br /> Support<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Total</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Transportation<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Agent<br /> Support<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Total</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td>&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt; WIDTH: 28%"> Gross revenues</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">69,033,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">164,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">69,197,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">86,438,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">527,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">86,965,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Purchased transportation</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">55,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">55,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">71,001,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">71,001,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Purchased equipment for resale</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">69,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">69,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">Commissions</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">8,521,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">8,521,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">11,711,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">11,711,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Operating expenses</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 2,856,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 68,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 2,924,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 2,595,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 66,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 2,661,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Income from operations</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">1,868,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">27,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">1,895,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">1,131,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">461,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">1,592,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Interest expense</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">78,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">78,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">122,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">122,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Income taxes</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 721,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 11,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 732,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 388,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 177,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 565,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Net income</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,069,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 16,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,085,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 621,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 284,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 905,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> </tr> </table> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="10" nowrap="nowrap">Six months ended June 30, 2012</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="10" nowrap="nowrap">Six months ended June 30, 2011</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Transportation<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Agent<br /> Support<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Total</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Transportation<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Agent<br /> Support<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Total</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td>&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt; WIDTH: 28%"> Gross revenues</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 130,529,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 467,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 130,996,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 161,381,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 1,063,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 162,444,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Purchased transportation</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">105,062,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">105,062,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">132,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">132,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Purchased equipment for resale</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">283,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">283,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">Commissions</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">16,359,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">16,359,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">21,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">21,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Operating expenses</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 5,825,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 136,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 5,961,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 4,905,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 131,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 5,036,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Income from operations</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">3,283,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">48,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">3,331,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">1,900,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">932,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">2,832,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Interest expense</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">172,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">172,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">283,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">283,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Income taxes</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,225,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 19,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,244,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 624,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 360,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 984,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Net income</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,886,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 29,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,915,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 993,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 572,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,565,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td>&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="PADDING-BOTTOM: 2.5pt">Assets</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 51,759,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 7,556,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 59,315,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 52,719,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 15,292,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 68,011,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> </tr> </table> </div> 6142000 -1695000 <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman, Times, Serif"> <u>Note 1. - Business and Summary of Significant Accounting Policies</u></p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Business</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> AutoInfo, Inc., through its wholly-owned subsidiaries, Sunteck Transport Group, Inc. and E-Transport Group, Inc. (collectively, the &#x201C;Company,&#x201D; &#x201C;we,&#x201D; &#x201C;us,&#x201D; or &#x201C;our&#x201D;), operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes our brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions.&#xA0;The agent support services segment includes an array of services that we provide to our agent network to support and encourage the expansion of our agents&#x2019; businesses, primarily financial support through interest bearing long-term loans, sales type leases (which facilitate the acquisition of trucks by owner-operators), and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance industry and market segment data, and business analysis tools. Revenue in this segment consists primarily of interest on interest bearing loans and profits and interest earned on sales-type leases.</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> On July 8, 2011, the Company entered into an Asset Purchase Agreement (the &#x201C;Acquisition Agreement&#x201D;) with Eleets Transportation Company, Inc., a Florida corporation (the &#x201C;Significant Agent&#x201D;) to acquire substantially all of the operations of the Significant Agent&#x2019;s truck agent business. This principally consisted of the future revenue stream generated by independent agents, customers and owner-operators already under contract with and operating under the Company&#x2019;s authorities and licenses, which were managed by the Significant Agent and for which the Significant Agent received 100% of the net revenue earned. The purchase price totaled approximately $10 million and principally consisted of an unconditional release and discharge of the Significant Agent from approximately $9.4 million of indebtedness due to the Company, plus the assumption of certain liabilities.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;&#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> As a non-asset based provider of brokerage and contract carrier transportation services, the Company does not own any equipment and its services are provided through its strategic alliances with less than truckload, truckload, air, rail, ocean common carriers and independent owner-operators to service customers&#x2019; needs. The Company&#x2019;s brokerage and contract carrier services are provided through a network of independent sales agents throughout the United States and Canada. During its most recently completed fiscal year, the Company generated revenue, income from operations and net income of approximately $320.0 million, $6.4 million and $3.6 million, respectively.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: bold 10pt Times New Roman, Times, Serif"> <u>Summary of Significant Accounting Policies</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Basis of Presentation</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The financial statements of the Company have been prepared using the accrual basis of accounting under accounting principles generally accepted in the United States of America (GAAP).</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the SEC. In management&#x2019;s opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the results of operations for the interim periods presented. The results of operations for the three and six months ended June 30, 2012 and 2011 are not necessarily indicative of results to be expected for the entire year. Pursuant to SEC rules and regulations, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted from these statements. The consolidated financial statements and notes thereto should be read in conjunction with the financial statements and notes included in the Company&#x2019;s Annual Report on Form 10-K for the year ended December 31, 2011.</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Principles of Consolidation</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The consolidated financial statements include the accounts of the AutoInfo, Inc., its wholly-owned subsidiaries, Sunteck Transport Group, Inc. and E-Transport Group, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Use of Estimates</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of these financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets, liabilities and contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the periods presented. The Company believes that all such assumptions are reasonable and that all estimates are adequate, however, actual results could differ from those estimates.</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Revenue Recognition</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Gross revenues from transportation services consist of the total dollar value of services purchased by shippers. Revenue is recognized upon delivery of freight, at which time the related transportation cost, including commission, is also recognized. At that time, the Company&#x2019;s obligations are completed and collection of receivables is reasonably assured. Gross revenues and profits from agent support services consist primarily of interest on interest bearing loans.</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Accounting Standards Codification Topic 605-45 &#x201C;Revenue Recognition &#x2013; Principal Agent Considerations&#x201D; (ASC 605-45), establishes criteria for recognizing revenues on a gross or net basis. The Company is the primary obligor in its transactions, has all credit risk, maintains substantially all risk and rewards, has discretion in selecting the supplier, and has latitude in pricing decisions. Accordingly, the Company records all transactions at the gross amount, consistent with the provisions of ASC 605-45.&#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Income on all loans is recognized on the interest method. Accrual of interest is suspended at the earlier of the time at which collection becomes doubtful or the loan becomes delinquent. Interest income on impaired loans is recognized either as cash is collected or on a cost-recovery basis as conditions warrant.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Cash and Cash Equivalents</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Cash and cash equivalents consist of cash in banks.</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Provision For Doubtful Accounts</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Company continuously monitors the creditworthiness of its customers and has established an allowance for amounts that may become uncollectible in the future based on current economic trends, its historical payment and bad debt write-off experience, and any specific customer related collection issues.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Fixed Assets</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Fixed assets as of June 30, 2012 and December 31, 2011, consisting primarily of furniture, fixtures and equipment and computer system development costs, were carried at cost net of accumulated depreciation. Depreciation of fixed assets was provided on the straight-line method over the estimated useful lives of the related assets which range from three to five years.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Sales-Type Leases</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Company provides lease financing primarily through sales-type leases. The Company records, at the inception of the lease, the aggregate future minimum lease payments, the estimated residual value of the leased equipment and the related unearned income. Unearned income represents the difference between the sum of the future minimum lease payments receivable plus the estimated residual value less the sales price of the underlying equipment. Unearned income is recognized as revenue over the term of the related lease using the interest method. The equipment sale is recognized at the inception of the lease.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Intangible Assets</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Goodwill represents the excess between the purchase price and the fair value of the net assets acquired. Goodwill is not amortized, but is tested at least annually for impairment using a fair value approach. Other intangible assets are primarily comprised of non-competition agreements which are being amortized on a straight-line basis of the estimated useful lives of three years.</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Employee Benefit Plan</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> In 2008, the Company established a qualified 401(K) plan covering all employees meeting certain minimum requirements. Employees may contribute up to 5% of eligible compensation, as defined, and may make additional contributions subject to Internal Revenue Code limitations. The plan provided for matching contributions by the Company equal to 100% of the employees&#x2019; first 3% of elective deferrals and an additional 50% of the next 2% of elective deferrals, subject to a maximum contribution of 4% of an employees&#x2019; eligible compensation. In May 2009, the plan was modified to eliminate matching contributions by the Company. In July 2011, the plan was modified to reinstate matching contributions by the Company. 401(K) expense charged to operations for the three and six months ended June 30, 2012 was $4,000 and $10,000, respectively.&#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Income Per Share</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Basic income per share is based on net income divided by the weighted average number of common shares outstanding. Common stock equivalents outstanding were 1,641,000 and 1,599,000, and 1,721,000 and 1,655,000, respectively, for the three and six month periods ended June 30, 2012 and 2011, respectively.</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Income Taxes</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Company utilizes the asset and liability method for accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.</p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Segment Information</u></p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Company operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes the Company&#x2019;s brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions. The agent support services segment includes an array of services that the Company provides to its agent network to support and encourage the expansion of the agents&#x2019; businesses, primarily financial support through interest bearing long-term loans, sales-type leases (which facilitate the acquisition of trucks by owner-operators) and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance, industry and market segment data and business analysis tools. Revenue in this segment consists primarily of interest earned on interest bearing loans and profits and interest earned on sales-type leases.</p> </div> 2 198000 -4452000 -5000 35854000 -1421000 3159000 0.06 -4452000 110000 <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Income Taxes</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Company utilizes the asset and liability method for accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.</p> </div> 5961000 105062000 34133000 <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Note 2- Income Taxes</b></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> For the three and six month periods ended June 30, 2012 and 2011, respectively, the provision for income taxes consisted of the following:</p> <p style="TEXT-ALIGN: center; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <table style="WIDTH: 80%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; MARGIN-LEFT: 0.5in" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="TEXT-ALIGN: center" colspan="14" nowrap="nowrap">Three Months Ended June 30,</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">2012</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">2011</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Current</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Deferred</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Current</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Deferred</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="WIDTH: 52%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">Income tax expense</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 732,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> -</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 565,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> -</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> </tr> </table> <p style="TEXT-ALIGN: center; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <table style="WIDTH: 80%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif; MARGIN-LEFT: 0.5in" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="TEXT-ALIGN: center" colspan="14" nowrap="nowrap">Six Months Ended June 30,</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">2012</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="6" nowrap="nowrap">2011</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Current</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Deferred</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Current</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Deferred</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; WIDTH: 52%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: justify; PADDING-BOTTOM: 2.5pt">Income tax expense</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,202,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 42,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 984,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> -</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> </tr> </table> </div> <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Principles of Consolidation</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The consolidated financial statements include the accounts of the AutoInfo, Inc., its wholly-owned subsidiaries, Sunteck Transport Group, Inc. and E-Transport Group, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.</p> </div> 16359000 283000 130996000 1497000 <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Employee Benefit Plan</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> In 2008, the Company established a qualified 401(K) plan covering all employees meeting certain minimum requirements. Employees may contribute up to 5% of eligible compensation, as defined, and may make additional contributions subject to Internal Revenue Code limitations. The plan provided for matching contributions by the Company equal to 100% of the employees&#x2019; first 3% of elective deferrals and an additional 50% of the next 2% of elective deferrals, subject to a maximum contribution of 4% of an employees&#x2019; eligible compensation. In May 2009, the plan was modified to eliminate matching contributions by the Company. In July 2011, the plan was modified to reinstate matching contributions by the Company. 401(K) expense charged to operations for the three and six months ended June 30, 2012 was $4,000 and $10,000, respectively.</p> </div> <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <font style="COLOR: black"><b>Note 3</b></font> <b>- <font style="COLOR: black">Segment Reporting</font></b></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>&#xA0;</b></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;The Company operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes the brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions.&#xA0; The agent support services segment includes an array of services that the Company provides to its agent network to support and encourage the expansion of the agents&#x2019; businesses, primarily financial support through interest bearing long-term loans, sales-type leases (which facilitate the acquisition of trucks by owner-operators), and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance, industry and market segment data, and business analysis tools. Revenue in this segment consists primarily of interest on interest bearing loans and profits and interest earned on sales-type leases.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Results of operations by segment for the three and six months ended June 30, 2012 and 2011 as well as total assets as of June 30, 2012 and 2011, are summarized below:</p> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: center" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="10" nowrap="nowrap">Three months ended June 30, 2012</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="10" nowrap="nowrap">Three months ended June 30, 2011</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Transportation<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Agent<br /> Support<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Total</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Transportation<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Agent<br /> Support<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Total</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td>&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt; WIDTH: 28%"> Gross revenues</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">69,033,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">164,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">69,197,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">86,438,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">527,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> <td style="WIDTH: 1%">&#xA0;</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">$</td> <td style="TEXT-ALIGN: right; WIDTH: 9%">86,965,000</td> <td style="TEXT-ALIGN: left; WIDTH: 1%">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Purchased transportation</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">55,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">55,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">71,001,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">71,001,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Purchased equipment for resale</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">69,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">69,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">Commissions</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">8,521,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">8,521,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">11,711,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">11,711,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Operating expenses</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 2,856,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 68,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 2,924,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 2,595,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 66,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 2,661,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Income from operations</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">1,868,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">27,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">1,895,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">1,131,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">461,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">1,592,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Interest expense</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">78,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">78,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">122,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">122,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Income taxes</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 721,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 11,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 732,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 388,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 177,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 565,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Net income</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,069,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 16,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,085,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 621,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 284,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 905,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> </tr> </table> <p style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <table style="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="10" nowrap="nowrap">Six months ended June 30, 2012</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="10" nowrap="nowrap">Six months ended June 30, 2011</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Transportation<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Agent<br /> Support<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Total</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Transportation<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Agent<br /> Support<br /> Services</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center" colspan="2" nowrap="nowrap">Total</td> <td style="PADDING-BOTTOM: 1pt" nowrap="nowrap">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td>&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt; WIDTH: 28%"> Gross revenues</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 130,529,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 467,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 130,996,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 161,381,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 1,063,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> <td style="PADDING-BOTTOM: 1pt; WIDTH: 1%">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left; WIDTH: 1%"> $</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right; WIDTH: 9%"> 162,444,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; WIDTH: 1%"> &#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Purchased transportation</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">105,062,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">105,062,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">132,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">132,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Purchased equipment for resale</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">283,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">283,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-INDENT: -9pt; PADDING-LEFT: 9pt">Commissions</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">16,359,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">16,359,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">21,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">21,788,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Operating expenses</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 5,825,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 136,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 5,961,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 4,905,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 131,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 5,036,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Income from operations</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">3,283,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">48,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">3,331,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">1,900,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">932,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">2,832,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Interest expense</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">172,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">172,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">283,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">-</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">283,000</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Income taxes</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,225,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 19,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 1,244,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 624,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 360,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="PADDING-BOTTOM: 1pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: left"> &#xA0;</td> <td style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: right"> 984,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 1pt">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt; TEXT-INDENT: -9pt; PADDING-LEFT: 9pt"> Net income</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,886,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 29,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,915,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 993,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 572,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 1,565,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: white; VERTICAL-ALIGN: bottom"> <td>&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td>&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> <td style="TEXT-ALIGN: right">&#xA0;</td> <td style="TEXT-ALIGN: left">&#xA0;</td> </tr> <tr style="BACKGROUND-COLOR: rgb(204,255,204); VERTICAL-ALIGN: bottom"> <td style="PADDING-BOTTOM: 2.5pt">Assets</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 51,759,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 7,556,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 59,315,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 52,719,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 15,292,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="PADDING-BOTTOM: 2.5pt">&#xA0;</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: left"> $</td> <td style="BORDER-BOTTOM: black 2.5pt double; TEXT-ALIGN: right"> 68,011,000</td> <td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2.5pt">&#xA0;</td> </tr> </table> </div> 42000 1915000 1244000 <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Use of Estimates</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of these financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets, liabilities and contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the periods presented. The Company believes that all such assumptions are reasonable and that all estimates are adequate, however, actual results could differ from those estimates.</p> </div> <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Income Per Share</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Basic income per share is based on net income divided by the weighted average number of common shares outstanding. Common stock equivalents outstanding were 1,641,000 and 1,599,000, and 1,721,000 and 1,655,000, respectively, for the three and six month periods ended June 30, 2012 and 2011, respectively.</p> </div> <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Intangible Assets</u></p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> Goodwill represents the excess between the purchase price and the fair value of the net assets acquired. Goodwill is not amortized, but is tested at least annually for impairment using a fair value approach. Other intangible assets are primarily comprised of non-competition agreements which are being amortized on a straight-line basis of the estimated useful lives of three years.</p> </div> 172000 <div style="FONT: 10pt Times New Roman, Times, Serif"> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Provision For Doubtful Accounts</u></p> <p style="TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#xA0;</p> <p style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The Company continuously monitors the creditworthiness of its customers and has established an allowance for amounts that may become uncollectible in the future based on current economic trends, its historical payment and bad debt write-off experience, and any specific customer related collection issues.</p> </div> 0.05 3283000 5825000 105062000 16359000 130529000 1886000 1225000 172000 48000 136000 283000 467000 29000 19000 P3Y P5Y 1.00 0.50 10000 1599000 3 1.00 6400000 320000000 3600000 85373000 1592000 565000 0.03 35515000 1470000 0.03 2661000 71001000 33916000 11711000 86965000 905000 565000 122000 1131000 2595000 71001000 11711000 86438000 621000 388000 122000 461000 66000 527000 284000 177000 1721000 67302000 1895000 732000 0.03 35776000 1817000 0.03 2924000 55788000 34135000 8521000 69000 69197000 1085000 732000 78000 1868000 2856000 55788000 8521000 69033000 1069000 721000 78000 27000 68000 69000 164000 16000 11000 4000 1641000 0000351017 auto:CommonStockEquivalentsMember 2012-04-01 2012-06-30 0000351017 auto:DefinedContribution401KPlanMember 2012-04-01 2012-06-30 0000351017 auto:AgentSupportMember 2012-04-01 2012-06-30 0000351017 auto:TransportationMember 2012-04-01 2012-06-30 0000351017 2012-04-01 2012-06-30 0000351017 auto:CommonStockEquivalentsMember 2011-04-01 2011-06-30 0000351017 auto:AgentSupportMember 2011-04-01 2011-06-30 0000351017 auto:TransportationMember 2011-04-01 2011-06-30 0000351017 2011-04-01 2011-06-30 0000351017 2011-01-01 2011-12-31 0000351017 auto:EleetsTransportationCompanyIncMember 2011-06-09 2011-07-08 0000351017 us-gaap:NoncompeteAgreementsMember 2012-01-01 2012-06-30 0000351017 auto:CommonStockEquivalentsMember 2012-01-01 2012-06-30 0000351017 auto:DefinedContribution401KPlanMember 2012-01-01 2012-06-30 0000351017 auto:NextTwoPercentOfContributionsOnDefinedContributionPlanMember 2012-01-01 2012-06-30 0000351017 auto:FirstThreePercentOfContributionsOnDefinedContributionPlanMember 2012-01-01 2012-06-30 0000351017 us-gaap:MaximumMember 2012-01-01 2012-06-30 0000351017 us-gaap:MinimumMember 2012-01-01 2012-06-30 0000351017 auto:AgentSupportMember 2012-01-01 2012-06-30 0000351017 auto:TransportationMember 2012-01-01 2012-06-30 0000351017 2012-01-01 2012-06-30 0000351017 auto:CommonStockEquivalentsMember 2011-01-01 2011-06-30 0000351017 auto:AgentSupportMember 2011-01-01 2011-06-30 0000351017 auto:TransportationMember 2011-01-01 2011-06-30 0000351017 2011-01-01 2011-06-30 0000351017 2011-12-31 0000351017 2010-12-31 0000351017 auto:AgentSupportMember 2012-06-30 0000351017 auto:TransportationMember 2012-06-30 0000351017 2012-06-30 0000351017 auto:AgentSupportMember 2011-06-30 0000351017 auto:TransportationMember 2011-06-30 0000351017 2011-06-30 0000351017 auto:EleetsTransportationCompanyIncMember 2011-07-08 0000351017 2012-08-14 shares iso4217:USD iso4217:USD shares pure auto:Segment auto:Year EX-101.SCH 7 auto-20120630.xsd XBRL TAXONOMY EXTENSION SCHEMA 101 - Document - Document and Entity Information link:calculationLink link:presentationLink link:definitionLink 103 - Statement - Consolidated Balance Sheets link:calculationLink link:presentationLink link:definitionLink 104 - Statement - Consolidated Balance Sheets (Parenthetical) link:calculationLink link:presentationLink link:definitionLink 105 - Statement - Consolidated Statements of Income link:calculationLink link:presentationLink link:definitionLink 106 - Statement - Consolidated Statements of Cash Flows link:calculationLink link:presentationLink link:definitionLink 107 - Disclosure - Business and Summary of Significant Accounting Policies link:calculationLink link:presentationLink link:definitionLink 108 - Disclosure - Income Taxes link:calculationLink link:presentationLink link:definitionLink 109 - Disclosure - Segment Reporting link:calculationLink link:presentationLink link:definitionLink 110 - Disclosure - Business and Summary of Significant Accounting Policies (Policies) link:calculationLink link:presentationLink link:definitionLink 111 - Disclosure - Income Taxes (Tables) link:calculationLink link:presentationLink link:definitionLink 112 - Disclosure - Segment Reporting (Tables) link:calculationLink link:presentationLink link:definitionLink 113 - Disclosure - Business and Summary of Significant Accounting Policies - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 114 - Disclosure - Components of Income Tax Expense Benefit (Detail) link:calculationLink link:presentationLink link:definitionLink 115 - Disclosure - Segment Reporting - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 116 - Disclosure - Result of Operations by Segments (Detail) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 8 auto-20120630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 auto-20120630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 auto-20120630_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 11 auto-20120630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 13 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business and Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Jun. 30, 2012
Basis of Presentation

Basis of Presentation

 

The financial statements of the Company have been prepared using the accrual basis of accounting under accounting principles generally accepted in the United States of America (GAAP).

 

The consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the SEC. In management’s opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the results of operations for the interim periods presented. The results of operations for the three and six months ended June 30, 2012 and 2011 are not necessarily indicative of results to be expected for the entire year. Pursuant to SEC rules and regulations, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted from these statements. The consolidated financial statements and notes thereto should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.
Principles of Consolidation

Principles of Consolidation

 

The consolidated financial statements include the accounts of the AutoInfo, Inc., its wholly-owned subsidiaries, Sunteck Transport Group, Inc. and E-Transport Group, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates

Use of Estimates

 

The preparation of these financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets, liabilities and contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the periods presented. The Company believes that all such assumptions are reasonable and that all estimates are adequate, however, actual results could differ from those estimates.
Revenue Recognition

Revenue Recognition

 

Gross revenues from transportation services consist of the total dollar value of services purchased by shippers. Revenue is recognized upon delivery of freight, at which time the related transportation cost, including commission, is also recognized. At that time, the Company’s obligations are completed and collection of receivables is reasonably assured. Gross revenues and profits from agent support services consist primarily of interest on interest bearing loans.

 

Accounting Standards Codification Topic 605-45 “Revenue Recognition – Principal Agent Considerations” (ASC 605-45), establishes criteria for recognizing revenues on a gross or net basis. The Company is the primary obligor in its transactions, has all credit risk, maintains substantially all risk and rewards, has discretion in selecting the supplier, and has latitude in pricing decisions. Accordingly, the Company records all transactions at the gross amount, consistent with the provisions of ASC 605-45. 

 

Income on all loans is recognized on the interest method. Accrual of interest is suspended at the earlier of the time at which collection becomes doubtful or the loan becomes delinquent. Interest income on impaired loans is recognized either as cash is collected or on a cost-recovery basis as conditions warrant.
Cash and Cash Equivalents

Cash and Cash Equivalents

 

Cash and cash equivalents consist of cash in banks.
Provision for Doubtful Accounts

Provision For Doubtful Accounts

 

The Company continuously monitors the creditworthiness of its customers and has established an allowance for amounts that may become uncollectible in the future based on current economic trends, its historical payment and bad debt write-off experience, and any specific customer related collection issues.
Fixed Assets

Fixed Assets

 

Fixed assets as of June 30, 2012 and December 31, 2011, consisting primarily of furniture, fixtures and equipment and computer system development costs, were carried at cost net of accumulated depreciation. Depreciation of fixed assets was provided on the straight-line method over the estimated useful lives of the related assets which range from three to five years.
Sales-Type Leases

Sales-Type Leases

 

The Company provides lease financing primarily through sales-type leases. The Company records, at the inception of the lease, the aggregate future minimum lease payments, the estimated residual value of the leased equipment and the related unearned income. Unearned income represents the difference between the sum of the future minimum lease payments receivable plus the estimated residual value less the sales price of the underlying equipment. Unearned income is recognized as revenue over the term of the related lease using the interest method. The equipment sale is recognized at the inception of the lease.
Intangible Assets

Intangible Assets

 

Goodwill represents the excess between the purchase price and the fair value of the net assets acquired. Goodwill is not amortized, but is tested at least annually for impairment using a fair value approach. Other intangible assets are primarily comprised of non-competition agreements which are being amortized on a straight-line basis of the estimated useful lives of three years.
Employee Benefit Plan

Employee Benefit Plan

 

In 2008, the Company established a qualified 401(K) plan covering all employees meeting certain minimum requirements. Employees may contribute up to 5% of eligible compensation, as defined, and may make additional contributions subject to Internal Revenue Code limitations. The plan provided for matching contributions by the Company equal to 100% of the employees’ first 3% of elective deferrals and an additional 50% of the next 2% of elective deferrals, subject to a maximum contribution of 4% of an employees’ eligible compensation. In May 2009, the plan was modified to eliminate matching contributions by the Company. In July 2011, the plan was modified to reinstate matching contributions by the Company. 401(K) expense charged to operations for the three and six months ended June 30, 2012 was $4,000 and $10,000, respectively.
Income Per Share

Income Per Share

 

Basic income per share is based on net income divided by the weighted average number of common shares outstanding. Common stock equivalents outstanding were 1,641,000 and 1,599,000, and 1,721,000 and 1,655,000, respectively, for the three and six month periods ended June 30, 2012 and 2011, respectively.
Income Taxes

Income Taxes

 

The Company utilizes the asset and liability method for accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
Segment Information

Segment Information

 

The Company operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes the Company’s brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions. The agent support services segment includes an array of services that the Company provides to its agent network to support and encourage the expansion of the agents’ businesses, primarily financial support through interest bearing long-term loans, sales-type leases (which facilitate the acquisition of trucks by owner-operators) and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance, industry and market segment data and business analysis tools. Revenue in this segment consists primarily of interest earned on interest bearing loans and profits and interest earned on sales-type leases.
ZIP 14 0001144204-12-045804-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001144204-12-045804-xbrl.zip M4$L#!!0````(`$B%#D'N?UV4F$L``%!5`P`1`!P`875T;RTR,#$R,#8S,"YX M;6Q55`D``RBX*E`HN"I0=7@+``$$)0X```0Y`0``[%UMA7NZ-Y"$.GS;T^VQ/7MS]\6!H22SC4#+BVWMK[_,*I`$DFQD"UD] MM_-A6H:B*M\J\\FLHOCEKT^3D#RP)`WBZ&.'GLH=PB(O]H-H_+&3IY*;>D'0 M(6GF1KX;QA'[V)FQM//73\='O_R')!%G\-F^(M^B,(@8N9!^95D2/)$_/!:R MQ,W@4H2/>HP,8B^?L"@[(7=NRGP21^2/WM47HIQ20NZS;'I^=O;X^'C*_+&; M2#'O\-2+)V=$DLK!_B[H/"?$.*7FJ;%TZRK.(_^<:$N7^@ES,VA.?"#DG"@R M522Y*U'MAEKGFGZNJO^[W#J>SI)@?)^1G[R?H;&L2_`$K3!X`NQXI\0.0W*% M35-RQ5*6/##_M.CIZ2X)"8@T2C]VEIC"RZ=Q,CZ#?M6SH)!)1[0\Q[OA,^UA MZ.\HM'E[O%!I_ZCRUM2RK#-^MVP:I+&F4/,Y8D2+>=]IL*YG:$K/_OCUR[5W MSR:N5.?`S;.X\EB:1QGSOF>)&Z73.,FX)E$#LJ'*Y5,>Z"Q+9O,'.6$I\T[' M\<-9#-GWOYH>H#,,7&KCN=/S1RTSO^0'%C#6UP!WM*US[#[ZQY"`GQ M:W(K%&NI]PFKMB(<-,[1Q(^=M)@,@W10/@U M-_&2.&3-C)P_<9^PT<<.&I94VLWI4^J_8@XTGUYG@BVPHW,GRH)LUH\GDSBZ MSF+O^_6]F[#T6YYQ5PCND7@QV/A3=H5TLCB\O70L734E^(\J5)9^DZ'SV^N; MP:U\RSGH4NT6;#^/`O%,RGOL$)]YP<0-09\77X<=$O@?.X%_2PUJJ?1V**NF MT;<&DJI36](LTY"Z@Z$B.2H=#IS^0!L,NK?*K0Z#R7KGDZI1:*BHOYPU8T(P M7-C:>2]/PW],P_2`)WG99YX]R"<2[!9!HXO]KA/_1*X=T$(+5AJIRF8 MM+^E.*ALREWXJ5F6;II/ADQEN;LDG,(MW?Y^/5B6D*37!60IO8'9URQ)I[HA M:0XU)(OV-$E3U*[6UU75491;=%^W2N>3I:&UN+`'Q!929M8%JN\]PS!N;`ZO M(EF:*NM=Q;:ZNG-+<3!J=3X971QKF6E!;I6%OIO>VY&/_SC`XH,;`LA)[:SO M)LD,9MC?W3!G>^-P8"F:/J"ZY)BR(FF&.I0L0U=J=!]%J*19]TEGKIC4>E&?NV%(T[4&L_+5#"F<(:HK MEO(R0[[/IZ<;7KJ!?Q'UW6F0N>%25-@ZDKW6.HT^5:DCR^!I'%G2>E9?Z@TT M6;)MISN0[:':LP:WX*BUSB=%UNJ3[T4^JGQ_R^Y9(@32SY,$+/G0^#1!A:I> MU>`JU1NY^AI'WF$R1F7PGJ#!39PM**\RQ[5X'X<^Y'GH@++9H7&F&&":1E>K MLK9*=RU&@(T&V80[4W"OP!(X4TBS`4OLED'(WLZC`,!NEN3LM6PMIG\%_A\"]QOE5&U@/K/\[D1Z%\F M;`I.U'F:LBAE!^H>#1[AJC-M+>%5WJY8Y@(T]1TWB8!Q0)Y>/LE#-V/^@(T" M+S@X1A5(W`S5ZE8X?9F-'>"6]B,!H$P=VNLOPQ2/5WS2*^8Q0)YW(?O*L@.U M3)Q]%N1)5::>8:#*ZG(J&?D_0-`SURGQ)2[:3Y/:9QP!6A6%OB)%6G'+%VF: M'UKD5!H%%$'Y^HE[Z<[0Z$$X<`7@A[]D(`&J5SA064#.I\)(E?';LDL?;*4MN5R>X^MKI33N?Y%-9IFO9W<30.H!QH-;;[7S2%$5; M!S/6A^#8CA?0RVD\TN0S?*P'=AE)IBZ@EHY-!8 MA$EH4K,&\#>3+QC%):'SSW'L/P9A""UX7>$B@CQG'*"[/DP-51UB5I63]*H8TJVT1](NB6KEJ')^E"UENJLU-1;JK.N,/3: M.FM#AD2=U=1UXUW6`8!A(+:U=0"Q*@:6J5+CK2`7'W&>);KJ6WSJRHI=<7>O9>2V^=3ZREZ]VJV]E'+;UUQK"6 MKNFU%&4?M?3V31-KZ5JWMH2UOUKZ"PR^O9:NM%M+7Z5_=Q4!Y9!JZ2TSRFOI MLJD]SV>KM?36YQKF$EJM@/<>M?3VG0I&=ZVK[K^6WGXDX+5TW`"TQUIZZUS! M[--D0S^06GK[]FFN4^+[U]+;9QQKZ6].,W932V\YH"B-`LI^:^GM>R=PO-2T M:IG50=;26Y?%0=72V]>\Q>W]/6OIS_*XTUJZ\NZU]-;UB;5TM:O):V!&2[7T M]DT4\:^AF%58N,]:>NLLXH9E[1!JZ>TK4VQ(-UY=2^_'*2\>%)G/%@S2+GW; M_FQ%LX>FUEMTEVK9DWQ MC3N`31>1%T_8ES@]0,;`2I6N6MORNDIX35]B;HK;-^Y3P7^/19"\;3$1W\SD ML*_;CJ$YDFFKNJ0-^U2R^Z:!G-)!C^I:WY#10#N?K&XM(#[+0KV4/DV`!O[R M!/P.&7^+`I#3)$ZRX%_BG<;],=UL*0$Q#ZWM^&W"2*UHB:&RA^^'0DA%"1TH ML[AAKUI,64]YE;NR_%!B@D$0YMDVR4L3]C:@'>65$Q8C)Z`=;<'I!BZJK(*A M)PRD,6#BWXNH229P>(K&ZKLJJU4L_SKF5J#%0X`O,Z_)!PY/#%BDT:PZN-C( MP`JK'F-^.DSB"D.YZ`NQ$[;BO#UT0X.&+`9<':[IYM&*J*XK\9GJ+!?/L! MG,B8?IQJ M+V+IY%>6W:,=HG?FD_/PDF*,MXJNK8#,?4GD^2P%DIK`.^P<1>(Z ML5Q;,%TA>[6N"="#)0^!=X@L88E(51J?EA!`K6VWG;00 M/]MG5%L]LN2%\+D[[_I*[IIA/7YF)>XQ,>KO=NS!M[:O-_"MNJF\NV]MGU'P MK6JM*M+(M^ZE%'2K4]6P#!"$:IC*=H4AHV<;/;G;DVS5MD`&FBGUNJHAZ8K2 M5\V!(ZLF?Z<<#X$&D*`W6CAZKC*$)SS?)"Y>O9Y-[N)P&ZZ5RK$'KSASFMZ* MLY0[G^S?;[Z)\Z8KU-3/TKYBXR#%`^&SK^YDJ]BX*UJIH/7BZ_`;N?C:7SXC MNTK<@G1[PB(?*Q[#T-UJ_?$YFKORT%0&CBU!=`>'-[2IU%/Z0\D<#,VA86I# M96#?\G.71V!J3-!9H:0NVV$0`I1V,S:.DRU>>=J=:"'L7,.\`"K(%<,#_W&Y M%G?"N=%L6]",N17TL8[J.4FK--_,ICN;@PT)Y2\42[]5"44Z5JD3XG8B?X#?$-DOF8J0 MIR0;DBI7B:V0M?*M`&B0N.%%Y+.GO[%WF85`.OX#+65J5CX!4*5M07JQ+WEA M+CN6^3;4@R%C[Y)*!>F;:*N=NP\!,?TV*C88@-NYC,/`FXG_WP`+O7"K8SE> ML"%+UDUJR%)7ZPTE3:5=J6N9?:EGZJ9L68[EJ(HP];^$V0<_>"!I-L/O7@R_ M?;TY)U2>9N0FF`#:_LH>R54\<:,3<>&$7(-UC3I_&6/GT@KQ@AQY]<@"0>D4M`&B!OOKD` M[Y[QV_S7=&]4N9/IA_]\LN4MQ^47+[X.'!Q-/M6#Z.VTW-PS,A*+YVZ(7T#* MF-A``K+*X%X1WLB]^\#('6,1F>*2,W[3`3^.,#X^PE8N;@2&Y^]*,;MS2P5X MZ4/`7+HP30(8;1JR]/AH#"@8YFPXPP9LBAO%@X@/_#N@4OB+OV7&N[3Y)V5< M\M-GV[[\^?3_M\I@IJN;F/TCSA:CP^JNIQ MFB=I#J"09#&7?)*#:@@@<9*P,1X@@/MP2GNX=OJGY"(Z/@+J`,+C6(5LP)]8 M'Z#=-(C@@1-LG6ZP+=!_F/M@-F%X?.3Z*"UQXR?D*^#K:R2.P"I@U"A.`'0! M+7@"#-Y8>N#GXZ.(>2Q-74"$HQC,C(S<($'>YK.\I!PNY:$P['B^O0@?$B8< M8$$HF)`I#W]IV05^]>KFN:>Q;^PA88S++`V>R`3\\'U*`,N">/\KCQA1Y1/^ M;2[>A']R"Q43Q=F"@0#8#2#]P0^*P%R#@\"BJ(L-\7 M#9RSA@2GV$7"LA@ZN8_ST$=A)<$IT=25KR%ERV_42A"8KJTCHSQMHR169RY$)+].`S!'9/.+&(D90^2["4"X?NP'HT!\H(W<`##UB"'KDJ:3A2WT2R]R M?+3D1I8:J!\@9^0)"T1[FRNQCSKS2Q"X:#KX0'ZRK_O'1V*4GT\(J`W,)$CO M4=-)@`C3Y?BM-%DD>&XT,*Y+QFA(H/B$1"P3"95`1&4F%G#`4QC,3!@RM$9, MASB,SQ_7*^`>3%9$V3`X@PR`)$'Z_81,```B"$S!'.^PYIX%(@6#AMA"`,*$ M/:(411\("A/^:C,.E#(^.8!VI`1M.@Q81'BTN=..!>:=>YT)?Y&"ZPQ3?+#,A7_" M1],\G0J(6Z@(O!1:PSRDH(RA9.F* M+/6,OJEU;7W8;Z&JMS.L5XB*7"SRU@98[\\T=9=C@"A!\%259(\QN2L^5`J> M>5R4?_"[S2Z>"R,^1;X"K.8(!)WV>G`BXLZ\H^,C\5'S31T58Y?I<[H1?$%' M2?R=+P'ST='`$W#T,$N3!%W'O,M%#6M:O/`#G29Q/@9/XF*`?(R3[P(Q^8R[ M(63#Y96/,4_KB^9QGJU6%46LBA@[(I(EP.6 MD-T&T%=T?7PT%Q5X/'0RLPK:%CAV2>V%$'A%B`=[T7\I![A:#H6,X2?N]]3S#/B1Y"^)$P^3M*?RU)-)*V, MGN(;R97AP9,_,@AU\&_,@T$IW5+X',4D@(;@!T*C9(P%K,@-9Q`(^(7OC$,= MF`.!^"`\YB,^3/5D)BQ(M)D;C.]F+E?`?%:6W8&&XG`Y7XHP65FRM0+0I.O3 M`0RMD0C1BPRADA7P872A$,!I7",-`ENC2-76@49O+-_H9K=ORK8C MR4X7`I_>DR7;D$UI8`^HB@=P6=90'&@$@]0.H]KB1*.-)P.T%,_I4.\/'%61 M%$?#53IY(%F:HTJ]H=/5;05N*LX/5M`9!D]@H^(TL]=6*_$ENXIW&>4)S*@\`;(T9-IGJ'_G$'" M-3D^\L&'A7%YE$?*5YP8%E)X#.?9`%[F6:Q8$"Q/H\9G%V=FG9+E$[0X0046H-+%,E!!1#D` MAQ@0N2%.%@L2N)0#L72$RS!8PF_B()O._D;'9+3D,+0>'3IR3Y+-+CB,0=^6 M;,P"9-DQ^VI/ZX'O^\$-++;=H_[>"`<:O1C*=\E1I7K4Z/9'_7U!?-72=#8UIZ<,'%-R\'1& MC0(2Z!F`=K#DWYKCTNN7]/XUK>/T\`.7`O$S.QIZ:( MZ$5JM@[F5\K(1:GUI"S;03;$ILO[)?A#)V6J.$[8^/_8^];>QHUDT>\&_!\( M8P,D`.GA^Y%,#.B9,V>3C,]XYB[.)X.2*)L[%*DEJ;%U?OVMZB8I4B^+$D53 M4@?8'4LBN[NJZUW5U>BIC6=H(7`3\);M M;EUX+L/#3;U95(0#DUH4D"0EYJ%31R8@H0:,<&?`D7(G#SO[+P!<`T`Q4&EG MJ:.%&4.\V'3U*6;HLDGEU?HP+6[Q`K&XON6LW-;]WD$#K)-I53F6YD'OU."TGHTF)^@-:>5`SL$-3O%B'=\A%W2%[F!& M`O[@`/QEOZ*0H25"A1^=L#>9>L'B; MHB2H6@\0U`9\&;U.JZ\JEJCTVK3O1[$)[N'0+F++XK2B1)YH.RPS!]4USLUE"E22N$_458RNV+/\Z6FC9`*\``<'RZTZ& M$]*($]8=M(F)GD^6\Z]/W:__]2MGBC_]QK4_?^GVO@B=SW_^V;I_Z,'ZL!!F M&CF[3YZN6_BSUT]AN0$X/2^:VFBJ$2F&GZ?V:)1\SBTM3-?U_WI?OG[JM/Y, M434(XCB8Y!_%\L>7T)[^?D/_);\M01V/"B\D8]^WNMU/?_\AM#]__?KY+P!K M&M_L/=CJ?MX@W@!<__<;25T[\%5$$U+7\$\"%Q`CP:$B7U\Z;9%DNCP;7HR.]J)GA M@Y''NY''!C'5;G7^^<>7S]_^[J*5]/G+KY@_B<$^VD5^%2TN3?YI=SPF[T@E M7LFCUG/&\6_<@8.$F'+*1K'J7@I#`4/!!:-@9X$4/@U^ED65ES6-AW]_*26; M5A>X+$OE6PVD*;[[*7.%KZ\<&KLH(9,7X^RO2,@8I'[6>`/B/ZD8E M&Y\,:R@R+XIBJ44>UUI% M+!S)`E$,!0P%30]';G3C6$22#B0!?EE,\D`DJ@R#!V+0,E6&PM,.3*XY_[Q_ MZ>JF&MCE(]6YSA;M>?+C$5K[ZKHDME5!,SNJH!HM36A9JB7(DF&T3,V2S'9- MAX:.$=_]LK9))[8J2\[7CS<7R":5L==7F_IU+AH)D"YI6X[@TJX`]-@M]JZ( M9A,\G(.'+P:.%[QLKHVM-\`MB15%N.N,9J>^ZND[V9*XN39V2PO9RXM&[(>H MYD9:3W]'UL>'OA;:X>!T@Y#[0"=/;_R[/.I=CRO227`)1;2Y#L/;5AI#W!@\[Y6=H*&X0E!'L*:Y MZ!PM?B-?)>$'V?PI&;;8/'T+'HZ0;MH6PGPSRZ1;O*@HI<.]S4BT'02YI)>/ M8F0:_*E;KBU1XU]]1GTP^I\=E=,R5#WV1TG\8I[ MW12C`;2U899EQ@8;0642?@T&X]RVQ9``%NE\X#D3,CO*MC3995B1S(L.=_0R M'>QSUZ0=.A-"0_?F7'C_G&`Y$_)B8-1N%.\B:#O9%7OK0C'OAF:3UV1FBS0- MC#/;%4GB#>F,X#D3*CO*MC2EHX@T+6<&9W<*.0\TZO(7+9>-09Y+P4"+4 M];)VQ5XX;&JV(SDR2&Z^6IR9:)3MQYNE]56#3=G2R<0&PP);4UJ$-QH<23DC MWT\M+=D:#(P$UD+9HZE-=0!+B>?T_M:-Q[G?;4N,,Y+*9Q(G.:2J^9W1 M5_/VI%:[^-#(VZ?7Y"49I4/\S,][@=T8^GJ+-8S:1F)AZ<" M+AV#O&BR.P4.1*)>@:MPX2B460.Y0U%HB34Q\F[W6["V7D4#ZO1[96QH2?6P MU$V.=>XJCR;6M^MX^\':"+$V0N]$8ZQO%V,XQG!GQ7"L;]<)IW(9/`P>!D_# MX&E*XF+GPHA#FGFMG72/+CAE$UW+D^P1A=J6ZEKNHW-])8%GJ\F'9SC6(&C' M?-W%H%K5*TG1,C2_3=&65@^: MEGE5K>0`92E4-_40UBFTG),PI::SDNRF@7%V^R(I\GEUT3L70CO*OIS`&2S6 M=JYF,&2SK!7&@&$$QL"H10Y?7N,Y2><5C76/;!H8Y[8MLL3,W@:"<91M.;D\ M3S+^9;>>TWA39AVK#L.AI+"658=2H55/RZHSQJ'*5W%"X+)Q6+Y7$L/@,B>+ M]4C#IN8]FM]\3N'/*GZCGI%_H?#*.75KDT`EB><#CE6Z7T>#@9%YLW)P3B#Q MT>3F\):S]W`GZ2Q,LL[G8H#BLI/[]D!/)R M-16+%XQ#G5V:<2`&%;VLC\@PN-0:IH+N.JP%W;DU#))XTV0-U`Y$8@5'W"X< M@Q)O2:P%W8%(M*S##_%<.`JUTI$!D_# MX*G'>]LL[%M1Y,1E8KRGKBTUB3=*%W,SFV,)BP:O57`W\H4C$:."G,.%8Q'H4"Y][2'#XG+:P>3%"BY@.KPA^(>1^P,_??PPBX0GVY[^^C!\ M=D8SS_D\?G">\&3Q%P>[/[C^TR=_'(034A'9GB<_?G5>X[87#+_?75]QW,=T MD+^=N&-'S_=A\,,=.:/V_%ODC#[YV6&-UC!V?[BQZT3<,/!C&.2+,_[]Q@F\ MQ_N>I2F&`/])LB0*_P,X4AX?OG8?)5-^Q)[5HJZ(C^(--_-=^I8;!:HL&8_? M'KHWW,@9NA/;BTAS<'<$OXX>)5VR%.FQ:\FJUI4TH6>(LJ#J2E^P=$T1+%$U MU4['D-2V_"@]2M+-G2ZI,DR\P,KN`.V$B$_^#R=J/"*TFSM!TBUM%TRL@:B( MB?8LV_WUQ\$WJCW'W`*GUU5,LI;C9`=;C+&1/!!0R8>*MYOJ'KZ4U MBP.4USSWR1_>\ES\'`:SIV?.C2/NY3GPO+D0O/@.Z)K9(')'KAVZ9`B@&V?X M_?HJZP?-_0$O3NDPA.AZPOK??L;;'!QD?L>;\]=7\;/#)1@!WNS@4>JI[<_Y MQ7?=WPH/O#B;?YM%Q=^",$,W^3V8A?G??^&3XGW`D^MS\4O`#5+&B:CB`F#] MP!=L=&NOKP9K6AW!D[1_,P';QJ;/@"W2YSG[Z9;[^NQ<7V4C<=L'2N;&9*8W M&\$7L&Z8/`R^PV*?'#(12KW0'L;0H"KC]+'@UG,X?9\`\4!@SS$B"@8`V;OV+X] MLF^Y+[19)L'>LYM;><3!4`2U(WI*8APZ:-C`AA>!)A\!#CP_<;M@#<#7!EQ> M7ZV@Q_8!W-`F$BY#0_QLQ]Q+A@0N#A"-=%#8B@0-\&TZ`<+E^"`3"8X1<.<5 M2!%/]>/`V-GS&6FEM\L"!1U'X M>H'_),"7$\X+8#X^V8QX/G7`H`-*B;B?Z::.[:'KN;@/N#[8BN%_9F[DQLD2 MXW`V_!YQ`T`$,&TH4.(.P@@(':%#^EN=/GJ&Y17FMX&(',_#?P.8)T=;%.5X MC!;VS?7A#V!A`/D)"`!(PIM'+KP/7WQWR&%;H'8WB@$32"(CD&2@AG`E](F4 M7*ZO1G9LTS4.%IJ+#@=;%'C19E(#1L`Y@"X6V"?$G<`)J%F&F<))I@/J&*.P M@[^OK[+GX#$4>LB3N!5";BMNWU]H-TF!?/:Y_YX!QDUZ`PI/^":1X1SI]PYX M!+P&R*0D.,BE78E`^SR%CD,V\>=E-=#*47;V6$%V3)"N M(%5K-M?W@M`=V4`M(3Q%'_J9\%!^UH)Y]+0R(T*!ZP+1BOH0Z#H&#@?HX?^` MYJ@R6QP'(RP)WVP9U?HMHER;RJ64_%%C`)$#28,4F9))$D)'NJ3CCF?Q#):2 M-"R&K0\=>W)]M1"\(`CR,IY*+YX;`D$$$R>D'+`D*D"H>##.:`[^P@A8/],S M!-WDA>PH/7TBM^,%P&"D60RRA;HM^";8F.3H/9_HJ!>@#A`%/BR,+'8)64@@ M9-WP*K:MHB^MQ2@@8>B`23$B=TBE"/)19Z?HH3Q--#$W34@0\3M$U1`#FX/R MGH(X>`4A$H-MPOU#$D&VN9Z'M$)EQ8;-`-*>@>+P1X1>0>:'#A$65*J,W`@F M"T&G;*('JB&79K=N52Z9_?HJT=8#F)`(Q]&,*+0+.(?`-"=S:9IDIA MZ`!3N#"&Y]H#U!YN:2%6H*)9,JR:(,'`6P M$#^(D<\X(A2S5FQ4Y\11SH)<8[016QQX&\CBR1VBJ'%1GT:4(4$[12AW;)_* M$=!L(S[_I^V&/`>ZV@-;=^C`8\-@,H'5)E!DFF\A)I8$`C&1Z`(7DB//Z,!F MSB@U<=<)@C<060`?M?@2_&5M5BJ&"T8KE[=9NS-B`R!:)T%$183#T' MWKJ^&@//`A_/06@4MW,A7!.YPB5QGON' MON!XNBO_4&[UQ>]@F4Q3Q^G]&+B*>?<,;[P9Q^!*A#$:;ZU5%^^PT8H&I-T# M!0&E+QKT7GCP`RV!G)^&DH*X_*F>3GG^V?[A@.O@^"";G:F-%BU::4]4T-C# M83B#]P'LY`HK=P+OV`0`[1FA"(1S6.;&X.R1]@R+D]7 M#E_-/$K8.?=DC.$Q_)GXO>Z$@Y_<8!2E0Z36\L:W:1`"-*]#-7NT]1)1\@@Z MB61CP"1:`(`^.VAV('%4;SA1.B?LRX`$8D#S.:-T4O0L73064$'?HD>9[2)L MTOI=Y%-+&&;*$E142X^#(/8Q=HZFNA=$X%5%">[)PLB.$>YQ$!#CLU)D&#BQEE,C)#)]=5B*(KO-PD\">;$),H%/E0).\(\8&'2\/[";'CFOY/DH\FO'#*$D?<`5,+/P3 M+*=DAW!G$BKHPBY/!B`(%8E&"4XXAE*95K[/-`&2>R?;\@-TSH+`_]8+$*U45[_;[9%D)]0 M&;KQG.@(H&_45Z%#HIP1M[!T4+=.[.].ID6=="]HWBN+.46W9!DPY\8G.'L\ M!GV>F";(.AA\FZ2L"DJ95)'R7"YDE84.P`S"Y11^HD.A4,@X?:/>W#!I%D8E MRC!M$LJ-:+``7]I@':5>P@#X%8:@B2>,HF+J!ZW0/-PD7&M'@8_E-W2DP3CY_%V%,GFS&_Z$G/86I1L`[0.+$YTD2Q3QR=1+Q=R=.PK:> M3<)S2RL=!E',YW*3PZP=.X^9:-N+`FXQ)>AF$B-$J0$C\YOMW&#@N4_V@G6S M`"$5$FDE`Y6S-`.!?!WAI!F;SXD$"''>):230=($)$T!K,UX9QNP-L%Y?;4Q MPWG"_'^4@/\B#O,0`_+M$*1Y)Q@1$XULXU?PX(><+FJ"JA72D0GQ7E_EQ$CN M`>4W[CY-#B4I';3H,9&0=(;,5Z7\W'KH7%_167[A4?`#F;C1,^YTZ*(K;B?7 MM%"2Q05G1(.Q8>X)"0DV/B0!9A)Y*BHCEV:"*,',*2'#T^C\HL.:MS@Q,!(1 M#30$(G5C+G2C[YC#!YJ"_T5K4IWX!/6<0^<%L4C'0.\9G%&7T"-0+V&.1'DB M38-^#&F2'YZ^OD*_/$9+W?5)'@X?Q6I$TX,Z1"$K! M=D[L`(*=1+7S6:;.CQ=>,,DQ1$EL!PCCH9-L^NV[Z:L&\4G2K0DI#3:;UDH0 MB98)[8`&!S*I,W'`]!B1/<-8:)*O3'[$6HU9-*6Q@&2+0$HA-60J!25\*N\+ M@G7@X%HB4BD=CV<>EX07<%6+'T%]^/^9P1;?YGK_N1D8+A".B_&9=;`X+BEQ M`?H=VM$S44_)_`AH2!D.-8R`+Q$M14.]-A',-.<+7B16(,$"3H-L*C.OL,8W MR:[!'SUP&\`@($52S,BZRI!#*,M9("=O4E&J`V*V_>^GK+$KC(PEPAG#BEPW M9?Q$>S/"2MS\5!U2GW@6S"+0SI,`;!.2M,=8&='G+V!*/M.2.I3*J/Z+!4"H MNA\$)BV"2QD#C)Q&2>V'-,HA#1BD4O5%*C-YM$C).J)%I.@<;Y M+`Q1^<(K?C!QAZBS01=$-/CV#%P08&[+XZ;V/"V+@+?!LW4&H!'0(!*"\9CD M`$+7@47QU/9`X#$CCN9;5IF0^@A<3H>`*S![SYJ7]V&COOL*:,B=QV7ALI6U M4!S1:!.I=AVO25FMI"\RFY+D@`M.V7@6`@,"_?/3:9);[PR)F"8>+2 ML#`L=O&)+"@/X8L=+3LHAM%1 MCQ9YQ601Z03$7P<[Z,E)(U*8&XP#6,`6695)53 MOP0\E6_%;S`J34/+5'W3R"XJ/'!TXA=,"5%/>K(("XBM:@-S>#`(!P% M)`GA824AG8"4U='*V`0X4L?BSK<0M7B`6U[<<1=RZWYU.\SA MA3][DZD7S,%.:CN^,W9C[MZS69**!"+!WA;-I4-%>5>5^P_P"#B`\+),\MU)#59O\3PZNZ1>W04N!1TU M15M6(P=,',^E'$98QX^(R4W.SHU@$WVL.*0GW>98,/@=.'&4G0_)AB2APV@V M^#=)AP<<"5[ZI+:*:LY.,$);QYVX-->5&#P$RLR41PD!K#9\ILFO_-CT5$U6 MEX]J%$:'F?+G9#($%O,2=O M>I?/PVS#VE_)-N27CF^J/]'3-==7ZU>X=@NP1)/[RYXCZ5B4=`BV7C#G,"'9 M'CQ<$"SJ:[;C+B4\6OI)#KLM3KJE(W/Y@4,0E:3H(!LX1T1K1TYH-ZDZX.AQ M(3)6_D!!6EJW<\$E+NP?I&ET12H91*GA>2SD=A_8.>`?)G))J"H6]Z M%(D,AX?<8\PS8LKO%EF#_!0'V&8@'SK//4:#)!*OJU)*Y/!)LRQ*Y?2C(9,? M:`0K5)"AA? MHRU"LE,(:+1,IQB7"O!GA!7K>VD,Q,_*WTF!97IH.8@P^C'!P^?AO(`6,GE^ M[`%%^0]R=C[`\Y%Q[*7EA@XMG21%4PO`L@CL,F1H/Z$]@1%97%H&3#%6@P7& M10"HT*,YGZS1!CUZ`7@AVX7UEIL%70UL6EV,-NDED6M=MH/$.E=!5*8G#C4! M-IZ%?JLGSN[-=5::OFQN.W`!C7*XS?UQ%DU5=NB/DW>LLS@\B""2)J;CE^^4 MDT37EUOE<"4[Y>3ZL2RJ&M=URA%6.^5@8"[?*H?;N5-.>AAJM5,.5Z)13HK\ M0J<<;J=&.7S6*8=24+%5#@I=>]=&.:@8UW3*65]'FFMZLR@MW=HP9]VK:S(T MR\)MM9=DZ9Y_2\T3B4/Q>9QU64S$>16]$I.A\GT2/_W=7^X=J/940VYW1:&E M*XJ@=CI=P>S)?4'7.U97;!G]7DNFO0/E7(?$3?I'.^!BT:3KX/D5KC M.48)8\!3+\N,-*\UI'IS)UEFH3'D[O`LX2$,AMAHH@]"\HN3)KD^CQ^0*[\" M4W:Q7J1Y*#!O[@15U8I]0G<"I@@_%I,!=O"?7)G=/3'3P-7">G.GZ]!_FX<& M&6A?*'8(+0-0$17_2D(*+1I12!FIZWHS^);$BOH">6MAV*E7KKX+-8L#O_=:6!R8Q8'/*PZ\ZN5O$IU% M`9MYP[WT"'[CK"[CYDZS]*+ANK+L)> MR0=;<56J,@(K],#`\U!425%V\<#6P[/!)NAF[:,JMPMD2Q8[5K+D_8VG*-)^7> MN7J'PBEH;MET6.DUC=8%G@D#!OAU)VP,2>_ONC>&FAO)3L/GFZ[N3:>0++#<#I>='41B^)2"3\/,62 M./HYM[3L+L9=[EGT@Y?0GOY^0__=_P(L:1K?[#W8ZG[>(-X`7/_W&TE=._!7 M6MO[%RU*ZQ5(\KCKWG#SY^TU83`B1[I^%>\(6]D-?>V\*`+J6OX)X$)B M!'@TI,MKY^W0L[^71X/KT9&ZH`P?C#S>C3QVOB'ZY=F-G5+70B<6ER;_M#L> MDW>D$J^L7GAYX"#DRLUL%*ONI3`4,!1<,`KJN;)^=8&;;\G]E+G"62?0$C+Y MU"\=-A1V;_.!*!08\@ZX@%UG=]@WG_ZV7A?.0H+5AP2WA9R;ZR;M$T-\<%]/ M+8*X>7,:L@\LNGBYT<7S)DX66FI,:.ET\,'(X[PBCVNM(A:.9($HA@*&@J:' M(S>Z<2PB20>2`+\L)GD@$E6&P0,Q:)DJ0^%I!R:W5*6O*=Y=KN'.7!M? M+ITMP1X=]%!#=EXC[9;1N",9^LV=I"M+9WNW0+#NP`FV'8X>`F_4//"TFSO9 M5-8<-\G67`3H2WH!6N,@46"C%-&R]`(PZ7K7-_/H!V&^!0395GJNNND'B!%: MU3+6MO38$:HEE#BD<5#+'Y'G[X$(\!(YVHT7>X)$?P?^E#Z4-$B.*)=7I72[ MHJ3JJM$5VB8J74D&J%M]43!431+E5D]M:]:)*5W64IJUE&8MI5E+Z?=J*?VF MT;:_U"]JCZ1GUA=RH3>@Y8A',+LM7;;:[2Y8`BU0$XK1%EKM?E?0S6Y+EKM] M2]2K;\U0A488!]@FD(Z7Q"Z)SWZ3JH(!_D&.8RIDMP:9CL!7\0.7/29P;PZ9 M=M/,-J4PU-(,M?8E'JR)'>RQE"/[GQ7_E>LM<7U5OK?G4D?.ZZORO3W?:A*Z MMK?G^BZ>(/9V;^/)Y;MXHF.Z1QM/+M?%$Z]_+MG&BTW:H:'G`CVH MOLHW].26^WG"5N[>)-]>4:NBY.GKGKY;.&GFB%E>KHR:TV]`03QHYM?M>6GMS:CIY+MQ!F@&Z\&7ZY ME6>NU^JZ7I[M?D-5?_U[N+^BQ/-/!JO6]AC2+[IUKYMF:'EN.ZL?YZ& MXR"VO2T77-(6L]3X1`D:S29(1M@*9N!XP"549<@Y#[0"=/^QU='O6NQU7K M*:F4S*&(&G8,;UMI#'4O0P9C.,9P9\-P1RAA?A-C.Z-T;2G/?D67^U=:OOTF M@X?!P^!A\+Q7N36M+2P$=01KFBLWI*=YR5=)^$$V?TJ&_2,,HNQ>^VV:]PCU M\]MJ,M\LF]$_JR\:ASB3AH42HZV7MBKUPV-1L1](#C9RN M6IR9:)3MQYNE]56#3=G2R<0&PP);4UJ$-QH<23DCWT\M+=D:#(P$UD+97GM- M=0!+B>?T`.'&_I3OMB7&&4GE,XF3G-.62'+5_,[HJWE[4JM=?&CD[5/N-N]+ M\I*,TB%^YFQ)O#+2#P\%7#I&.1%DUV2>B`2]0I< MA0M'HT2AMJ6ZEOOH7%])X-EJ\N$9CC4(VC%?=S&H5O5*4K0,S6]3 MM&55@Z9E7E4K.4!9"M5-/81U M"BWG)$RIZ:PDNVE@G-V^2(I\7EWTSH70CK(O)W`&B[6=JQD,V2QKA3%@&($Q M,&J1PY?7>$[2>45CW2.;!L:Y;8LL,;.W@6`<95M.+L^3C'_9K>8_F-Y]3^+.* MWZAGY%\HO').W=HD4$GB^8!CE>[7T6!@9-ZL')P32'PTN?F<9)P1?9U)J.2L M]N2L]/Z9$%CU>\+:SYV`GR3Q,HN['8K#2LK/+QF!O%Q-Q>(%XU!GEV8@Q%L2:T%W(!(MZ_!# M/!>.0JUT)(>A<(65JVAV6[X)'>O#<5HQ+08/@X?!TS!XZO'>-@O[5A0Y<9D8 M[ZEK2TWBC=+%W,SF6,*BP6L5W(U\X4@$,E28$W8P%F7>J"#G<.%8!#J42U][ MR+"XG'8P>;&""Y@.;PC^8>3^P$\?/\PBX8W;7C#\?G=]Q7$?TQ>ZSM@)0V=$<\%?[=<>KXWW/TA1#@/\D61*%_P$D*(\/7[N/DBD_8E-J45?$1_&&F_DN M?/DBY9BO38M615ZTJ:T#-$65!U MI2]8NJ8(EJB::J=C2&I;?I0>]9L[5899%S"_`4(1WK^=F#[W)W85JP\Z66WU M#;4C"[K4-06U);:$EJBVA;YH=,1VK]<1^S#+HZ3W/R\3_CT#D,;SW[B#F_G###/\ M$Q#%!6,N0Q61$.07\M=TUP45;Z%2RR*.'>=2U?GQUN&CI3F]:'(\[B M9P>0-W9]VQ^ZM@=+`@2B((TXUT>2&P?AQ(WGW(L;/U]?_=%JW7,A=F\(83:8 MQWXB3W-Q`)^^.]S0"6,;WG0RLK7]$6='T6PR)37IMV09,.?&)SA[/':&,2X- MID)Q[L#ODV"&BPK&UUEXSG/M@>NYL9N,@0P"DA^74_B)#C6"N1*(KZ_6 M`HQC;)@T[<*(SUQ?I4?VN-$LQ"-\^-(4\!R,(L1OA'V%1[<89-"1O[@(L<6Y$3<@361`@OE9BAU( M_8>+-V`,YI3%7QPT7)&+@3U`3''^;#*`08"9X?D)O$R&`^Z>Q2`$?+R*Y1;Y ME?P4`PD#KX"@^V%[1#KD'N->'%B'Q.LJL84)I^*UZL1+XY./R56OP*ODHZYI M]%>8<@KBS?WA>'.>M+]!\1$_APYE^2B]TB,5*;",U1M0R*-XQT=QP!UX^@V^ M+3+Y'T$P>G$]K^6#D0G0/[D@F6A,[4C\;G24MM[IB(+2$35![9@=P>II+4'J M]TQ9-U15UWHGQ^\IYKA<.)(Q_,I:4FI##4S5:$28PWD=.N"S#)SXQ7%\JFZ3 M5E*@;]UAJBM1L=MNR`'+SE)=3T0$M1A`11+#!51S-A,($S^(4=.#U_A_SHB_ MOAK,8OP:%!Z1'F!,@$Z&1WP?]*LW)RSK@E9W0V+YS"*4"#:WF!E8?CH-`WOX M?,M]AB7`XPL*2)<2DJ5/[-"%(4$@P0$!8A)-TKQD.K]$:S8&<\\L)'0'B&_ MPOC75W/'#G&ST$D[@\#?340*A(AKSDJ!4632&R9W'P:\OS@A

MF&R\#X,?+C8JX@"-7(I'+D7DOI+RG*1BWHV@+LXLF$4@-$L=T8C(?'0O*"$3R9;Z/,3S MF-ASD(<.L:]F/MY[AX8&BC&7BN'Q+)Z%SL(>&\["$(4BO.('$W=X?17#YQ%` M!&OAGEU8"LAK<%.F]IQ(3US3P`9'Q1G$W$OHQHX0C,?DG%SH.K`HGAI0"#R: M.>X83,(4)-`3'I%HZ[K0M\4)1`+/44` M-TD6C%ZGU5<52U1Z[4<9Q8)X*VH)!O:`I2C.LPXVAT<5'S51E"WI55,D4;7V M$/!MM=NV^HHF2);5%E2I9P@MO=,5-(#=TE51ZRO6HRJ*(..UFSM%-I6"D%\# MR@98>ZGG?P*0JC=WFBEKZR%-`2G"V0FB^/,XO0#J%("40&6+FJ@7M781CJ6] M1(N,/I!AXTL2W3D!@#%,KBOP0V%;-\-4!#[Y\OVV=C=3C$`*@"JB)AQX<3E8=57G7;(H]:MV` M,W:O_.\"KAV6_`XPPF8H>\$H)Q;Z)B6)1O M,#JO645U4`J\7"2/.,S+V8LJ)*>D6*KZJEHF")`<(O[7L<.M:+#ZIBQ)JBFT M10VL&EW3!!C($@S9A"$[5JNEMC+-H20QO#>@R,&[".)]'@-CD)/]&#G-S(;= M(08X,>\L&J()`*L6:`KC51=A;689`6#)[:[1`0@U2=,%M2?I@B6U5:``Q50[ M0$D]6W4#0N8NPO[V-8$59%EV-9V M1[!:/;-OM`U#LXQ'HBEU+!`LY5.5M\1K@P=I5!;%)8@J-;YK@P7T#W$"=[2V MT7F*T+@IK50LB3+64;.Y'`MU:+KJ8`_I M4!C[':W5T]6>8+3`+U+['4EH=0P=`96Z;4E3.[I(Q82F%T-IVR'87K'7=;T9 MS9Y5!^8CH/QQ5>VOB/\==Q5#:N*MJ&PN7TJ`V,GJ29Y=L0X.Q\`.ALZN$`,A M*YJV5`A?$J!U`0"D_GX83#HTA0Q/?=<1`Z&1$YT5^N'X1N/$_#EZ36 M(S\*^F[Q_"\G?@[@EQ_P""U0:9I8(`DBU2B*[QH1LIT#2UK=[\!_VEO\E[.L M*W"L:J(*X^9.UG6ICM1H31"!8VB@M;QS&O1(CF$-`A(,&$6Q)'T7`;G-$:PT M(5S3-F.&23*D)L"3"3IZ9I2M@6@#D],ZUVC:W7:@M&Q,&[2-@3+:*,3JXB:*;JR]#[ZL$8PT28US??2CS4":C1`7^Y;=[`CD#+IM+#).ZQ/71X= M3%"7>JGRILH$ZI%+?U14DYI\Q-*?]]HR"ZNUU/<6IT<'$\MC#:.\.*TCJ%%' MLEMYI$?1BC+H@!C'H5FI(Y^]4W#'=4,15\OXCYJ5.CI8F)4R-WDD]62E]H=1 M,\R.(;9Z@M@SNX*JM46AI8N&T&UU)45M6QW+ZM.LE*$L;5S]6:FM8%8:%5<: MFI5:Q4!505)2MU=*K`K)0E MJV4L\L/"5T>'"(\@@A8Q5[3ZNV2ECBH@,0*@2LI.:?N:LU)'WV8=2XKD/:-T M>Y^9J0DX])*M-01DZ@HC' M!PR<66,Y.'KUQ*O)`(Z5&$.6R5DOUNKI& M:-5#E/>!VJZV%)M"2NP!=J4F]5?C!F*,2=3K.P[Z7G""A;T<$:U1/=8(J/'^ MZO*81WO3%-M2?N8=E.71H43?88-)4'$#@?>"4*G5.ZHM@ZB@$2#I:NW:XN@; MAMJBOKXS[P4E)A#W4!45BIAZ3@03\ZU4Q+"."%L=*5)Z+E17#TZ1)B"29>P- M(AD*!G/\V(WGR2?X[([PF[&+S:N'S\[$^?WF.8ZGOW[X\/+R' MSJ=_WMSA$15%DT3)^/AA\=IBJ(A><'+W\740>B/W5^=UZKE#-_[+(6VM1R[\ MBHTT?[])D?&0MK;O>'84`1:PJ77KU8UN[LA16MKKFGS;6S2ZIN-]_+!VFKN/ M'])U)!!_*(#\D?:LSJTZML.X"^NX0]P)HBJ($HR1?9L]Z/BCW&.ZH(@X]"CW MT,UR7NTT M)[M]_[^]JVUI&`;"OZBL MQ:%5AC#1@>`F2/]`T7R(K"FTW=1_;U[Z_D;J3+FV]VUKR&UWSUWN>DGNO(@; MI\!.[N4N"$#CD$U3.NW'R6"K-Y1`PM$#T1D/1'0QLX`/7*J]:<=(Y[9N]EU MX-JR;S4T_<:R72-0]A9@`XGECC*:D!=Z)HW^.0\_>_\SC&28I?#-D[0A4RV! MR#;O!F3V'4+'1DU&R;TE!D$""RY,!H@B)MR6!+,J"SL[F`]<)MY7F):BE'4H M<[SC5]91H':A&B#J*,].`W8TBA-/],U#)="M(PY2"=YX_$6JH=;>_Z;!*5@F M4K*J_620XI'T\I#"3.,L\,-4XS01A)5,`R$>W,^Z/(^FEQ(=#T5T,_/`#]W, M-!&$Y68`B,>&M*%%F3A)FE3VJ;)G_\VS#8]GVS3/^+8S')0\QAL-%/0M@&"! MM#X8YQG#U+\XJK%!P?4!$"R0UH<1>,:C/1 MDW7IB8<:8DO7_\9T:83IH`89V>>SE888Z2"@[)=_^`502P,$%`````@`2(4. M04Z2J-3I"```Y'(``!4`'`!A=71O+3(P,3(P-C,P7V-A;"YX;6Q55`D``RBX M*E`HN"I0=7@+``$$)0X```0Y`0``[5UM<^(X$OZ^5?L??.R7NZH%0C(SNZ$F MNT5(9HNJS(2"S-;4?9E2[`94(R1.D@GE-IU"XJ#E"7>9@.;RI?^]56O]WI5/[\X^>?/OZC6G7N M[_YJ]9Q'2C`%IU/]#)+CF?/-!0(<27">T(Q1-IX[;41,/WQC`3\ MZNA_/4<]^G;;>W`N:PW'&4DY:=;K+R\O-?"&B%=9T'C-9>.Z4ZTN.OX[A-AT M/M0:O]4^K'S38S[UFLZ[E4=M#F'/GL+4="XO&I?5B]^KC7=/C>OFN_?-JZM_ MKY9FDSG'PY%T_NG^2Q6^>%]5-1H)KK\Z'>K6G!8A3D\7%4X/!/`I>+6H)1*1 M=)1`J;BIK/":/7-28WQ85VU?U1<%*S__Y(2%FS.!$Q5>KA;%&_5OGQ_Z[@C& MJ(JID(BZB8JZL;2JC>OKZWKP;5A:X*8(6GE@;B`:`X!.9@G]J;HH5M6/JDK" M5XW:3'B5/W2''SDCT(.!$V!HROD$;BH"CR<$*M&S$8?!307YDFEQ7UY\N+K0 M]7^Y8ZX_!BH7?Q'U[JG$.S4ZNC#N.RQWQ^/$9\_#OIX2-4HNXC*ENLJ MO2[5-M1E!+L81,OS@KF`R%$4P;&!'%$T;3:>,*J&0"SFCMI6[V<3H`)N@<(` M[S^\N_5R1%)]&.I9U0,-3$GS5,-IUL\1B2E#P"=JM3Q.M`FD&A>W\PB$.`*? MW.:/HT>^,`GBB2VU[E(%B,7:N`/A5 MQ8,B2&>)Y=126NJ4>"Z?3ZQ-Z)B<9>H-.3\U[7=F^SE";]%H`YB<; M>/.^(RFXL3.N??&$-%0-H)YV1,*GNN^3>%4AE/H:EM?X\TM>BB MN1ZR4'=S'[P'C)XQ40A!M'VNG9Y%]P0]`[FI[--"W2+#'KB`IQKB%Y!FE%*K M6.&P-"*["'L=VD83+!%1)O28T;X,U%PZD^T5K?`1`K1UFHXY_-(>KBV3(U'& M!DKM%ZMEIO_<_\=7$Y1HK=R2;<3Y7.GCOQ'Q(0.]65TKK.(YF4M@O9@-K'

Z!$C'G"A)ZR<9PAX:S4K7)BR":*-,7]^I)6T@3B8!R9J,*6@ M9;Q?&'5-(:^4M8&ZRV&B]N,HVI4OZ/2R=E"S"7`Y[Q(=EU0VMEI8$VW5*EV6 M"3ZGB@T./9`(4_#N$:=JNQ/*U//'VO0'3ZEH[.(L)@85;?`QUH]Y&G'%_6GQ M)'3$W46#ZK\;OD_R7"XJ416K,Z*<8:;% M9-^=$=DTRS]F^KX\3$T=R+0%;10&74I%J;2SEDJJ^QJS+Y%&WX=]6JF8?(D6 MA!G=S?A;3+9$^YCA>C<(J,?T2[2GF=$W\8)C^OOL$QF1>4@3Q6Q@#:?@ M`Q/BDU(J;:8S>'RE'U9ROV#`."PS/T!\QC10!,KM!0Y"1S22K81*Z#/($5/? M3%61*#,M50ROB<">A%/2*7.DD946^=K(0_%&4#(1)TO90*K\TG@"9.!,EK%R MUQF*,,7QR`AF%WS*Y-BCR3C7PH0J MY3FD(<<;%SBQ7JA:#4S*]P)C/6C5+(3:MTKJ<3;%2^K?SKT(K@^C(A0Y;KL33 MO+FX0P,%XA?:B0?P2VN@0/R6]L:^_-(:>`L!9^93HWG@`(^OH/G MG!1Y@[JV605Y!8^!FR#N9\!=+"#K>'A[/4MLIEB_PTLME#OF/\N!3Q:F03:1 M["I6LOU'B,.M?HF9?GN*VO[SK-J,PG:CK'NX5*NN[BX;5RD#.2<24.IV4LK\ MKA,)*-5T+66VW^ZV^=KUE&TZOY1Y<<>32L[^?EC*7+$DDV.`)B2SJPU;SGCS M<81D8OYFI%>74SXY#N6:3DX_"BQ1K/XP">0;IZ5,F#A,(&;1W%+F5QPFF"P7 MH)1)%X?.D2UG%Z5,SCA,)F:1\P//!\]$,NOQ]XP4E/\SJ9B=,!UVA=O2`?/1 M7[I;##(F;](M!E*SE^,6`VONBV_?KN9L15K\JSEOES'>3N+6$JW>+F.\7<8H M[V6,K5F@6S*O2_2")8.$U\SW!;](5``#@=P$`%0`<`&%U=&\M,C`Q M,C`V,S!?9&5F+GAM;%54"0`#*+@J4"BX*E!U>`L``00E#@``!#D!``#M75ES MX[BU?D]5_H.N\I)419;M7I)VM9.2MRE5W+9+=N?.S4L734(R,B2A`*1MY==? M@*2X"2#!30#5S$-F1@;`\QT`!V<%OO[]W;%'KP`3B-SS\$/&]] M-IV^O;T=`6MEX`D*QCXRD3,=32;;[_XSI/!L]/GHY"]'GU-_62#?MK%&_W1_!-M M?/QI0GN<9*#^>31WS:/1S+9'"]:4C!:``/P*K*-H)#L".:+\=,GY.(7K_1G; M1PBOIG3L#]-MP_'O?S<*&Y^]$YCI\/9AV_QD^NNWVT?S!3C&!+K$,UPSTY$- MQNMZ\N7+EVGPUW1K2H?EQ3HG5CCO[$/?L7(!@NP'`44GWF;-3@?$^BL;3".?GO!8'D^-GP/ ML]#9S=XFP$U`_'K'QOR_F&1C$=SU@ M_N9APR5KA+U@Q7G1\IVR'E.IP:=-(2QHSQ^/'EVJ[!OWRQOHTFF&AOV`2+"! M+FV#$+B$P*J-1'+X?6)Y,#"H/S45ON&]``^:AMT^.BH3D`-FM@>P2Q?#*V@# MSNZ@K=-]:9"7&QN]D;EK00Q,KPVZ=P=M3/<5)*:-B(_!A4^H%"9DYEJ/ON,8 M>'._?(0KE\ZR:;C>S#3I*>#1,^L!V="$@,PL*U@+AMV*(&B;D!99;B`C2`I["X=N1(W?(`^0)Q5(W%@%DNS>N`#$Q7+//TVVR MNR6>P+MW82/SM]J`VZ1!.ZYL?]"!.S$M77,IEBG)6NYRF11^3B76)^/9[F3J M)3[:->Z\L-W/5,M\50/DG4V\_+P[?$H&CB- M+NX%76]J06<:M9FR#AW20S]%-1W=) M:?"%B0.<9X`KDIGIVB&-+W0(;/K/8!)SIAJEO`$B>JW8Y\5<7AF:Z58#KL4L M^/!7-E0G[HB`$DH+W=<9`FSFRD&8R[4`*P'FT0J]3BT`ITRVL7^9A*ZSD\A; M\P?ZTX\9_;3%/G]C&ZOM<+;Q#.SS\>[?IYW3<^EC9N3?4+%FV/\'#'SM6E=4 M^'%($S;MGLKMG(7??@`8(NN&_D8X9(K;[IM.QB,Y*I.6^Z,QM>SI?@-S>N`5 M$FAMH`WQ)]]T*8?$L9UOMB[8%6$'"U`/OSG"$6R/?K'OJ;L'*L,-O MS]XA3P#G6W1/TQ,VV"I^W#C/R.90E/U[3$^BO\UPEC*J_&V'B?1`.1,FZK/$ MR)$XC+:?1#Q9-T+8`OA\?')\?'1,_T=;!ZKM&;/F@'4^]K`/DA\152??O6L[ M,`*ISAQ:@>/1FIXNF,[$^?AT//()Q8'6H<>S*S[DK((F',F>55N&'!V?,';T M&EE.JTZ@G?8>FD`!2B!^.!B(.UIS`O+C@8',F#`)S$^]AYD[.Q)HGWL/C:]( M)`C_P]1[.](4'[I/4JN/AX#/#D^$(#%AEN"5Y&"PW66YE%S M3?8MS!WK(%FDJN9PQYV>!R2P:+(SMS53E6&L0^,,V![9_I*WTJ*??T2Q9_)@;-CR":/1U)"Q;J'Q#.U@8442+V?' MU1FAON79'.$"F`"^,A+O@"<'B=M%"88X+>;!@-;F<'5D&ZFCLV019]HHIU**J?FV*JAF>914B+%_7/_' MI]O?9E'\F7=I8+RA:L$_#=O/N_^J]56"BNYXZ`4)"8Q`%*0;`3?,<^)C*>BA M"D$DLPJG(-],!:U78`GH2K:>C/=P89<>.44]^AP+V$W58;_\^`4AZPW:-EU9 M]]X+P',635]!IC_PC@:Y/H?E:Z^_^E**%TN39EOA!=E4329,*'GYP(IT-QVQ ME!PKTMT58Y,[)`LZ**$?48LG4ON+I1NOI0J*`[DAHSQQ&BJF]PZYIBS)J;8J MJ'[`8$VMC:@ZH9C1_+9JJ$9K@+W-@\WJ2%R+"8@U4W_H22PDOJ"+"@P+X-$C M&EC7!G:IMD:H(>L[OFUXP&+UH"84(9'HJ`)/[#?9<>/EZ.7#%`E;G*)@\1L&!K7/\JQR< MI,6F<_BKZA;4.]8EY6!+@Y+T:268=9]!"6&)/#UM=^JP>>Z MMQ.8BBRYG:J&A MQ]3\.!VR]G[&7(?.'+C;V\1Z[L%MTR--]YAZ1(/;HF6W136]KA]&H@SP0L6H M'U9A19ABC;8?YF"M6=TJBSK?;-`0(K_46%6*ERXN.-7&_.[U_VW4N\Q6=/!' M?\V^_RVSE-(5+IQ6:NP?0AG!$K[(([+%%ENVE3I*'P%^A69!(5NFD2HZF1,^ MRELIHC333`6M6__C]I@IR;05-M>!]@N#0%.2\+"M#E1?0=OWA)X246NM['HE M?`Q%]RTBY(:>6&%RAD]9E7J,`2P1!O%5[(!\@VYP',WI$4&/9):6G!TE]$E_ M`U3'I']YI4VBIR*X<[-/"M1QF/.^20$W1.^4[)ORD+T1*4**LZT&WU3(ESO@ M)8M2P+ML&R75_G'9A[K(8EP\5[OZ&LC"_51)869#4;V MX7J2BA.7=JKVX6(2.7@[48P^W%(B"VV/P;L^E*E781LG(M>'8G0YB+G@4Q\J MS>6`B5T%?:@EE\/8ED],>5FN+OEQ.@*3M%\CJ*X':]>'6V0D[ODY]E>F] M,TL<&JEZ_83J-%-V%=N-C=[(G`+`@')!R;,B__8CG>@)+8")7!,&UZ0EY^T3 M8I0^8/0**?B+S7<"J"H5J]DSTX.OX14#)>\[=/&IX7F(;E&%;PS2&<+`(.`* MA/^L!$XPA,I'&:HEL97U4H-D344&#,PB^N\V"&2^:\T<*G?@?X/?A7`DN@ZI MI/D%.W=E+D,2YT'6&4POW$E16664J:YZ8(K/E.AFD9*SJ\(`>N#+WI(IC2K7 M;4A^C?T//,4DNO4CK9B(,V-E!]`;7\D^J3&01GA#!V&#^>0-H#>^>O-9-)!& M>#F&0S6Q<@>>"%X`D^JI&%12= MWP<.,'+]#K`)B;"\L+R?(C2OD+FF.===B(&(NRA)C(\R68%UB1RF8A?9Z8+& M0P%"ORXFDK@UOT,?;.[UG8(=U(=TUGUQ2LZ[UH=$O'UQ3"39^I#2M[]55>)] M[D.2X+Z85<5EUX>LP^HNR&)N\)RR?4@%:YL/>4=G'_*ZNEH+Q8$)]>E@/U]% M47W':DYQ*S/D^I`2USXS"FSU/N3/M<.0*L$)Y3ET];DBX;S.+).JSKD^9/>W MRQH9;UX?Z@+:X4J5F%`?R@GJQPRD,J_UU;3;`=Z-G=.')[):6SC2(3GE1?U# MT6KK]1H-MH:^,K41^L+SJ!=%]TW0%RJUZHOS6ZNLK)1%VX='BYO@%C\OKNH1 M8UUJ>)04'R35%]OJ'/8JH.\X!MY0`QJN7+B$)K,!0H<2G;<'9$/VM&WR(-O< M72+LA.Y]!:&]F')FNH1O;456#"B\BZZ\GXI`96=H&KVJTRX>\4U[HM::4/[@ M8_.%RND'#$W`7MLP@U4?/1<:LEN40U%[.+VQIQ\4)<1W6L#/&5))^0M[L(\* M0>9>+=QZG(8]H[>R;!#1E$Y4XY.DASQA//7`EE<;RQ=4!=M M`''[7E/?UBZ./I!>V!^/3_[!OB3>RN6=%/(V355J\^)OAF>^L!AK^N_A#BYF M?IT!-<+_S7B'CN_,7-=G3RAG:-T*MEI\J#)P*VOUV@945\I>6\CRC0QW0XUK M\7*5ZC>4/-XPXQ/[. M<(JMKZJC_#1(VSJ3;B`FWA-MLA4?]\NT>"'WKD@B"45`TR&'4LAP140RG\MH M?ALE5-)U6TIEILTAECD)=M<=>/>>WE!K6ZO1>$KXCAA'U\`#LQ45"([0;)7H M,+QRH],K-X(5'V7]9`^P[P0L??L6+KD^@+(NK="5^`^"74.0#2WVR&N\Z7F4 ME7=25)[%SR$2LKE*3R6O\="I!P6Z;O)W9=05"JUT"^TI5!2OZ.8U*,%N+PRP M[417TUM>LF?W5/+JZ61[*2T$3'O!9=Y^VFFO\VLR';R9L_(!K#+%[HXO[.+`FOI$ M.;D5W2@ZE:N;%(5,U$^XU#KOGA5]6?VEX:]X$S3V`2K/*FZ5'#GC.E\+U9`QO`>"];ML MH2'(DD?V]#OX&N(5E<%K>%=$0Z12<5R=;X5H_J:G@O5T.TM5^S4Z3RE99^5TQ_Z/%[ MCC609(A/O#0>(6AN0CU!\/$G6E>$/$B4\'R8F:H>J()Y]U M\$P7^=I+$\(REYIP4C64"WI94KWJ6?=0/[>/ M:%4=N9'.")3O=;+5.,WW-=,7I+HKUM<=0 MUBP`:\GNA6SWAKF?[@S;9_ULY.J+_9W17`IKF(7ME=0$Y19>:KF)%/=*7=NI MPA)_25R#5=;G,.78'F^#KK!RDG2CTID\0)6M+LM#8DX6]&A'OTUHT1\%P6GE8HS)G0="TZ1Z(]*/":(T#GZ M!2&+/");='EGOI4Z2A\!?H6FL#X[U^A0/![UN5;-@Z23#VQ.90T&Q(L?.4+>+E9["EZ=KC*304BZ\(3#;IA=4*KIK1B^_0\OWJVS31K8JO\P=*]P^ MK7A/LI>"B*T%;KO!2]+R2RKUY::^OOM]H9?<:,I3\>1]08*:?OZ6U3E96`X7 MSVVA/"FX-0]GHU4^^#UW^,@K'M-^Y5=&F??M*(\\=XXUY7'3N?2Q*=A"`U3G MNM5>H*T/= M!J?4%RI6S-DO$0;>E6DGM#.S\PANT>D&%)#U"KWFOS4[XNW>+1O?V@G=BTKMQ=A4AG%RR0^V6.FYMB9!4[*TD!,\@+727L'ZEK MT.5@R?55D]BVO3^/;@)),$5=5&"X-K!+EPIY`#BX[D,.1EFO0U%PZ_.5N8G? MH&W3E9N_AD".Q14&4)J>*(=&V%P%[;>`76TH13>WZ6`PAZX76292 MDRQO"/0BV40*,]^([D5>B12^*@Z<7J28R*WD!B:]^B24MKA0ZA3M13*[%%2Q M'T]Y:GMK&"6M?_VOM?XY(X[Q$DVNJ&@A;^A0`@V%W"EQQO.Z#,[MG]"Y-CBM M!J>5`IV#*[*4NZJ&8[CR,1PPH&*&C[Z'\8$=9'%!I^Q]JZ41L08C#D?Y<)0/ M1_G!'.6-A,MPTNMYTN?])0=L=Q_842\Q<8+31*+G<'0/1_=P=!_.T2TC+(8C MNK=']&"3:WQ05[MD2=H>KS;:<*`/!_IPH!_.@5Y7J`R'O/B0_SIEGW@V"*#_ M\?]02P,$%`````@`2(4.0>GST-W()P``Y-+IE)3M`3)O%"DCJ0\=O[Z`."; M`L@F1:*Y=56W8QMH]-?LK_%N_/%?WK8.>:5^8'ON3Q^,3Z,/A+I+;V6[FY\^ M_/IX7/SX5_^]/=_]\=_.#DAUU=_/G\@=ZYCNY3/'Y_H:F/Y)YZ0^VGI;4_)R4G2YG]$VGTFLT_&V:=9[B\/WMY=?2:3W*\N M?6J%K#19,74^$W-DF">C^8DQ>3(6GR?3S^/Q?^=+>[MWW]Z\A.3WRS^PPJ/I M":MA%&!^)#?N\A,Y=QSRP(L&Y($&U'^EJT^Q)"<&29@MW>"G#SE<;\^^\\GS M-Z=,]O@T*?CA[_^.1(4_OP5VH<*/<5+<./W+U]O'Y0O=6B>V&X26NRQ4Y,)D M58W%8G$J_AJ5#NS/@9!RZRV%:0`*$F4)_M-)4NR$_^J$67AL?'H+5A_^Q!O\ MH^\Y](&NB=#A<_B^HS]]".SMSJ$?XM^]^'0MU\+Q_5->_]2E&_8!5[R%^0EK M)&KA'^-??R"\T*\/-ZD4(6$?G.Z#DXUE[2(A#G?"1-2'TT@]\4ONEP4%Z5M( MW167'/V6UZ\P5"2>VU@(Y6*]94&@PZWM^5+(0M;:"IZ%P$1E[JNGU`E3$">1 M]QH)^/C7W\^72^;X87!OO5O/#CUW5^PW_IZN;FWKV7;LT*;!Y=[WJ1LFS0O0 M/WUH(^$T1_?3! M7GTW9L9B;'R?&L9X-/UN?#<^_"F136+AA$DGL7B2DT_B!OX8:=HM^)"%,GJK MWP)FP0*[V`(6LX`56\#)Y,N0G_M%[[;\98*`_;,&>ESB=.FQ$+8+3PHNL/:] M;3O'3!3RVIOO%)&]#W1)[5>NYB\TA-%56@6!GS(]8.XXFIL3HT3(3!IAXH;! MOV,1%@GGI](^$I=!]-;$#;G&HX]B3".X>\7$;I^I3\:&^"W[?V:4'5V&]BMUWH?`XRHGEQ%7 M:7<4IJY6-A\P66<^EMMY[[&'K+_U5Y47U%G:RMU0;DV9/% M8C:>Q]Q-11(NDXV022R51&*)D(O$X4[QFB6\.R:3C-\\.2Q4,!,8(M(P&9@WI;>>@'[_:45O-S[WJO-1NL7[[^R6>6- M>[?CTT\V9SWGL4]T\^?/0>A;2V67VD=36DG=O?[`#LZM"$F7(Q3OAZO#`D2I$,HW(MT2G_\&*(;CF-]GO^TY);=Y=8]_F=>*E5K521S[C!JC]N%\-;3U^N64"T]J$GPMQH-AZ) M(,=_\_U\PQ1[W.]VGA]^%8.WD@.J2G4<6E;>J&Q+$!VH+V1:1_+(-\B*9JC40=8S(,O0?CBI;W$F>?7D(`3N0IT M-QQ,IEY?//\JGGBE"P>>8R_?G^A;>.$:C\<)G=,9*Q-. M$NDD$?^11`V0;[P)(MKHARYJUO>#W@"@UP:^)E;T8P$11$1_R3=BQ(K%@07P MHDES.F=AIJ&]4"9%%3IFRR4U"XB-9.BPS1(G`MY6PV7L3.*JHAA??&*IM]J^R%EM.MRC.N\A.72RRE MXMJZD(+/%OJ&#!@>F>K6IHN%M).KT8+E9#&?S.9YDN$OWK9&$?'N\?'ZZ1'? M?2M7.0\AXKESS=RC4$:[,S<;-8]'BZ(O]SHO@$7A%@ARP7@9U1Y,4*X:MQ_` M1?=I4*0NE\7R\68;3<9X:A@R7Q](_#X"E`CCEP7'Q]W[JG(I)0/0H_N%%=C! MW3J>.MON)EH2JUXC;UA9(U=@&D&'"Z-)/`T68LG=FF2"D]5@]$7A_J";&71O M3>Z9ULF^!";1FGELGGD-+(1"Q7U@NS0(SI=_V]N!.+\C_NE3>N5M+;N\&P2O MIY.`=K8DEAB(!RY M9Y__Q0KHO6\O*=^-B2Z>Q8L6$;57\`\-$X?+,I".T"L[([.J?TN:(J(MDC5& MXGE[2%M-]O^T@9DA$#C)N'.H) MI,?H;#%K%3OR5R#C)H<>/XXS4IL8(C$2G_Y>4C]DP]3\GW\;X47-L'8A1O%% M,,/,%0V6OKT3`5!M>M8C>4@!!2PRIPG]@=34R'*00M-L;S>*#D>(R M%F>Q^$=.,#D/22*:"-F]\'A'?=M;7;NK*BYW#GV20N?<%5>F:";X(Z&NZ,TC MY7K$_1A:?J@5^;0&^3/=V*[+OWF_^&OC=^?(S4KDF%&Y49C*1V*XC883?>^% M3]VX2Y^R4>,5C?[;R`D4(M!CL5POZ+AB/I_7A>2H`9*T0)(F<,ZD]&4$<62% MWQMF\PIW0XFX8O^;H6VU?]>SM\)^`R(Q:.,?5A>?MFVN0XU&B_&HEJ]#V?7O M''BQ,RT#'R`KZ_?]X39"X:%C!<'=6F3EJ-SGEQ34R;"#UJ&YDF9&G)Y-B."G M:(00Y*W[X_"8&1X/@D<;1Y3.5""$'#N*]WO;K1VE@%^;IQ)",6DDCN?1'*C)6Z^PD*$:+S^M$/,>8X%7.A'LF.@7U6K^3I[ M5*"/EGM6B'60:2<4"<[WX8OGV_^G/*I250.'9F4UP&GJYC)Z1=)()@Z=4L?@ MDU#)JD2&P"65XRDX)#7'(+AS$P1[.&_BTIB$ M)[82$1I'B@Y6R8^<"0;!C;M]R%\`X<^R0+]BO@HF2W)Z`$/OQ)B.U%3)R1L( M7UHBE)#&J\:&QAR)^U72IVP19`Y5GO@I%\/A2I.##>9D*NM*^CNNTX02C8$< MT(">Y?*7C;AUE4GZRWJ[?=M0-Z`5UZ=H. M;VV7WH1T6UZ<;UX?86D2K!S,M:?&V=DL7:J,A?/MK3@K.I-/X@9(W`+Y=BL> M5>.-Z%^^[`6_,2S\M4NT(6BZ2)=,,X)&]!QN8XPQMG2;7=I[QPJ)AH% MT;B3B'H7+$XH:FR"PZ,@O%O_V?-6P:/GJ%>,BZ6TLJ70-/AF^V*1$"0(>906 M$@@7@<6(UC@B$L2W1%?B\/9.9%OFZ<:9LI:#O!*1VET.7H;$"4_#WW+#?BC-0.(]#*W.73P`F@L M_^9GYN*16I6'%XII]O%\V]!$><8XY^71\ET,!C0IP&DF<:0'WS MKR.`PV90A=O)V*.R12<[Q*P1VZ6KF)'WS+37VYWCO5,:\.MZOOV\YVLV-^X] M9=_:#:V-=+.XC1C=^\8M=(2%[;,Q^U^TA1RWD6X;\E9(V@S)M\.Z9)*UI'>V5D4:$I1T#:[L8.EXP9ZY MF^2O%1GOV\G2.XQHKB!P8CN;CN;J`!"07$-$7@(SH7[OEE&&@FC]^"Y\H3ZY M]X+0IZ'M4[$Y"#6/QG%,>ZZ41C@MK3V4$%&5?49='IGJ#7*W&*/Q8E1%9]R4 M-)V@ZX"2`\AC4^N==<1KF]6F>F*1[^@G(^-GWI8Z-4=]):1)@UHCF*32RJ>X\V`O7WX"VTA)[8&2=WL*5>G)^G^B1I3CIA11T$ M]&R@VCE\SC:Q>'[&53K!'\`XX0@62082;6T_H##RU7JSM_OMN>ON+:>D;_(1 M6X63)H+QPTH#;:$O-1KUX25NE43-'L26C$5###0]F4P=VF&NP?SLT>2YDZ_FA_7^R.4BCJEJC1[T^T*R7QCS=D[MH<,'>H2_,&?MJ2_N*1D]`0,X_&TUFTSA; M::8(.2$M'Y!B-3.E2$XK\BW12_="R@#,:Y3,FQKW/&?I$F@O"ZB`9:P@DTEL3_W$5\K_HB/GI< M[\DFY:`-3TTPC'#_!QKLG?!N?;>COH@> MP<7[(]U$"?Y!80\D`2_>0=2#>^]$$NBB%KCG9FV0YW>2M#*``->U$MN(T'RF^@L['C$5/_9J+P MPE@C/>$N/)7$L[@IDK8UY"EY;W8IA[A#JPQ[+MV;80YC7F<.HSGZM0HCDC#8 MW-3=Q,,X>B3_M=S5-9M*A^_0(-BDOO;(UT`YJ/=.I\F=CE@HR4DGD?AAA+>> MP!L#`E\3QWJR@-F=!?0$JQ8FB-(B^G@2]4[JI&KR MZ4MGE#Z'K\_4G)K;BJX@_:_9L MWB;<` M\U7I`+U>:R2OH2:"LD>%T5:,NL0FO)\G38I3#.T8.O$`L_&,A)R"$'#X$5C3((42@!8)"CX414#,KQ# MX%G?%B,5'29#!/!76(55`G/MJ9(AT2AP"O!$',T=F5"=;0543_=6/D0IX!ZN,1K-HRW\2"@I2B6Q6'Z$&"GK M2M=@C0&`K=ZJ[QJQ"4*,MB/?A)KI3CS81OVOLHD3`#8-9*^$'OY=TSI;H5'P M9H-IQ/2(:^,\9WF4_B94?QWK;5+72!;<#B%J\M7W2]:Y^/PLW8J^_4S?5>8_ M**?3=\N-@Q=0!^&:)274VTD4K:5;7@S]KI4J#K*;<4Q9%4N`D:3U&>Q.HO3Y_/DRF M*L6GRT>_V`[U+ZV0;CQ?/<@IEM+JL86FP9]^;!0<5P@AB10L]VT-Q6P$19\O M2YVGZ-*'F'5Y]@/=V'P/T@U_L;;*.6>YF%;?+K8-]@AC7'#N3`KA8K"\NST8 MLQD8??XM=Z&B@TM@8VQP?+%=.Z2W]BM_)8L-=C8VFS!'S_U__U2'V!SZ*=3>;Q[6K1'A$-IGG3[]:%),8!N7.).GDTSM:M1CL9 MOP$[5>_Z:C26V8FQT#:,.XI`Z5YR%Y;'&$G]V?-6/VS'.7:46#\FB`^,E5!CCH.:>W!^"-302IV,?G)M MBD?/R@W+(GMM'=WCESJ%8$YE3LUYG.VJP*OH,3B0G_4W].@2XF'HT`FQ>M30 M)4ZS@).G$'QA\/B0PG;WMKO)I?RC M:\^G:>I2&GRU7<\766:8,]`@%`$O+^7Z;WOVYZ\T?/'87UY9$9$Q4-&[Z-1` MX[A!(RSH59]9LE<7']/F8@F72S+U"@D^A8*Y?+TT((F.)%$R'KR4!$::DDA5 MDM.UGZ#DA993-8(9Z,>8Y3[& MJ*VY7*PJK3VD':@`?9//G(P*X2<5A'ZQN`-@9@M@>KFL=+1#WLDM@<<1QN\L M&V?=,D)E%>ULD>L!OK$^FA4HPW/FYU*SXB\-=`72+((<0M]7[72'I*DP`BIS MBF\-U'W'4FD,OA15@&ZRS\;S`ZJ4GI=`IDA[7'EV*$>&1R-YI?ZSUSL6XP`, M^?TO7DB)^8=!<%Y.%RG=)49`93ILF5U9'(/KK=:/1_/I8G%`]L$LEW^N=WW7C;UTNE_Z>KFYMZ]EVQ"TX]:=M M(TPOLUIH",V1L3"S*9P03Y)VR(V;/)<7D+BIZ!W8J#&2:PV-ECU;1I`V-<(N M-H)X)#8V@E-M!(V$/H(3);JW->JP@L$#75+[57)GNE'501`]TP>Z%CD=GT%H MG0D^CL$"Z3[]6#FLIR[=6.KD25UCGA<(ZU?"P^?FH8O"F%BRS3!X%R_DNIM+ M:V>'EE._^@D5@,I!E59`KQR/YHL*)J;222Q^""NG/5A`=*27+ZPQ7/?\&N4:J&2M2B+M"IF3F; M5M`SEIDL.PVFDVR/5720"2P:U1_8R%7NB]44DQ@$AUC13F4=CXJEM-*FT#3T M=-]\FK(D/B/0"2/:]U&M49@%%%2-0I__2UVFZ.Z'<#&\^Y9S#;8D*2VJT<]E M[4,G_F:R12>$#&<5\EA,PO4?+8<&)SP'.Q'R4&-_E4/E":!$WO]]^%O6,SO1 M;67)_5]9"4VWX$O-PE,BC!+G9O63-_0PKN<>"<)L`$+'K7>%HR07WF5(46)X M-L;ZT=R_LL5>7RZN_SY7^]NKZX?'G]'KO_] MUYNG_QHR*ZO6Q!H9#9FEEWO?KS^\6U$!AXDE+(X.&8")SG-@$H"M0\5O%\!&8:D9?1Z.J%AJ&KHJ-IG!(O MKHV4H^)H#&8.`Z932STD[\Z'"%$H(:`,!&BD`UPJZ"C1*CECSQS*Y;)((Y]D:N7B^Y9TV0+(6<%:_^K'`++'` MDEO@]WL.VW;_0-8I;JL2MR[V-7?K/#4;VF[8O*V9BK<0-$@>-SU799Q-6O(9 M?6+?KU&B"3\WR-KQ?@2$$TO*;]05@/;^WX[HZ"L&"E6CB_M'=-0R`?@$EV@% M].&)>78&(';:P%`[ZB,MH.JH[13WH#OJ"K<&\%=ENV'SMEU'725HD#QNO,4S MAPR\97P>:D?=D5&D';6,WT/LJ`'^WX[H0^VHTV/L;3MJF0!\@DNT@G93(U!' MG=WQ&&A'?:0%BAWU+K'`\WO^EL>0N^H*QP8P6&6]83.W75==)6B03&[8*TVG MBVE+1@^UJ^[(*-*N6L;O(7;5`/]O1_0A=-592CRU8^3*Z*5IUC!T!V0TS3$P MEX42C53M()@)A"C](UI_WT[[6;WV&BE]Z.$EMI9`=I*(^Q?Z%C[]\#I[@^0H M>;H3>!^C+/2AB,5H'"7WYHT1UMH0G]20A3>M%C*&;J'J].&ZS&0>;R:TU.-= M1)HT+?G1!D<9Q7@\@.]H2,\W/A5Y2H/*@RD5%72.;Y1:`"\RS<_2+;Q4%,ED M(1]@Z0:>J82'.JJH];C"$*/:$BB4V?/F[];II.21;JIR\JO+ZR2,2@GH3/1L M'N>[CR3Q`)_-Q1-A2&SI`IN9P^:M<_/KYWW`XG80D*`"I#;RU/E>@3N5=L&@ M3JI)?)]>19G#D^>B?&$M`]V%^4L\Z8M>>8O?AD2]5'8"J5$KBP.*S(%@".BD6E.)<3(Y*!SHQVD*(FT MB@L?B4M#SI9ED4`#X\T&+R5KVQ2KM%\^_][TEI2OQ MXF:L+O3&3E,I&OO M.?C%[,!;>GB^4V]C-TPR/WGGR[_M;9\R;=D@)'SG>__\65V>A6NW5<\K&PA` MH'"]5M`]N+DY+['WR2.Q<))(%Z=%HE>RTP:0B=NM!>;16=_H/0JQ);&RP[V/ MNRW1W(=E3`4:"H6DU.63&J:+B!_W;*[@TY"IRK7B:O(I]BXJ%#]0&$0YD57. MT5Z@3A*WUA+:#V1I,$X"3C.Y%F/A:)A]G;G M>.\T?5\5[6!<=Z0H1('C+-G)'#T^F6=MJ#B<%S#Q*Q[ATV/,LNE4?27=\_1: MC6"^-QF9LUDT4\\D\GE=7B;)K@+HG:MW"M(H@;S3"[)ZOMXI4O/P<_K14A>A MEN_2%=KL'$R^='X.,PS*>*'PY$WU5JF\K,Y>7J8`<$PZ,Z?QJ;_2Z9' M0S*']A13I4<5^E$E=!PB9%/O!Z98--*_6S^^>'[X1/WM%7U6$P-25RM1``J! M)W/CE#CY]:=,+N^$A&3"11,N&XM,'<,6Y$J?D@,E"H#346V,*3L$S))+)2D4O%Y=S38 M:`H9U^2C/O&P"/%VZ,?@P(ZIXIK:-D@\DR]>L5&I^D.KJ^AEEU(/<+;G'+&4 M*[)\/H7&J4X@"CI]L=_8W+!T5,A:LMGYWA'3QA7=^71I6]AGAB`^66)7M94& M12S8JX?@ZD,@7+N7!$?S),MV)?D&\VAB'_!SQ,0[;=#694$<[/:MQ1[XJ#S4 MU*3F$%C8\$S,9#&?S.<``J(=_^D)L?P4D&._TH#WB(-GH_P(4%-C(7'PU>8[ M(E\\_\K;/X=,H?/ETMNK+QM75M'+.J4>P(!OCD?98#,2)D[T).)((@^-99T@ MC$[6OK!R8K'$N"&EKPG?/AW MC6Q)&X4F?UQ,XS.HHB;*(\)'Z6Y"=-?EUP=Z^\K66[^-ZK3J!2!HGBP32T>.ZC:\MW;7<3G&>+*#PK MTM)6+9T!*NKT]UIM@"'P;)J&[U@D2622G%`22T5B1Z=HS0):&LM$Y0W8*0MT M@ED%AV7BH,<#77H;UQ;YQ4!+9_7UM'*L1AGH[>CQ9)Q0+#K_DA,YG#6R3N&: M"KBX+`,Z99%D$*L@4C^K)\QX*LAQL(H$*.?Z?/."]B'>X4X?R/-QV;O MJD-)VTAOH?:??2\(D@-Y:&F36CE,WNP#B"?RJ5H>&&9TJ,GP?U`,(5HT?=S- M',V+40,]Z?XQ2"1L1$V>KW(C)[Y_7+[0U=X1IW*W.\^-CD%%1W*?K+?X M:&)\B/^)'_JJ&X$>(U$C=XY0$^J@#%?EU>*8S]JFVXMC, MQ7O\1Z%TK3O!):&$!;!ZT`K&(6 MK.+56.4C?Q(+8!;]X:$Q-^1AH9F-?P/A`#QB:"9MN&&A:0;D;DH\%OW'!1$@>".>.!2TG72/06&RL#QL1(=DVX&"+D MD+P@)/X<#2HB#,^'/=1IS-1KUPD_4?6M0SX_I:@PHI#294$V,V/0.&$Y3Y<:)X,)"8L9R'-E1EB1%?DB?G@Z>;6YXM)R=1V=`_N6Y,Y2"7DVP:1O(0YRP,)ZO-0DJERX=*^"Y&OG<"<*C@_(8 M'"HK`3T?-UO,ROP1HL0)(9$7E#1#@/+J06EGC/0W(W=D_RE[.?O7]R;=6MKMY?-\^ M>^5O-SY*>Q.F?=]^JW0+[J]R@)V]#E6`#&(0"D%,V=P#$E M<`+JO]I+G.1`M8Q(CZ?]#M258*J1QJ%1L&9Y#)IY4L^I\ M"385@#-$:@_"3$!X-2!T#8WD[I(?%TG`8OCU?U)[\Q+2U?DK]:T-_67/67:W MOK*=/?NM.*`>W.W#(+1F&VL-"#F'BAX807VLIE'*&3@LU:N&+"G M&(WF]9P]Y"H1;0R*L<>;(3ISV1LP0`+F_KYP="S.VV[Y2%<EG:GMV,EN&T_2CGS;T=2Q/9;3LZ M10H``9(2:(C[L$E$`/R^'W'Y[OCR][>%/WH!F$`4?#TX.?IP,`*!BSP8S+\> M?)\>CJ<7D\G!W__V^]]]^9_#P]'5Y2_CA]%=X,,`C":'WT"(X=OH5Q?X`#LA M&#TZ;RA`B]7H'@,"@M`)Z;BC&QC\]N00\.<1^[\WHC_]>OYP,SH].AF-GL-P M>79\_/KZ>@2\N8,/43SZD8L6QZ/#P^S-_TQH/!O]?'3REZ.?UYX\H"CPSD:? MUGZZP"!YLT>).AN=?C@Y/?SPU\.33X\GG\\^_73V\>._UENCY0K#^7,X^J/[ M)]KXPT^'M,=)B=D_CR:!>S0:^_[H@34EHP?*('X!WE$ZDI\R.:*(!N3KP1I? M;T_8/T)X?DS'_GB<-3SX_>]&2>.S-P)+'5X_9LU/CG_]=C-UG\'".80!"9W` M+75D@_&ZGGS^_/DX?IJT)O",Q*/<(#>&1H'`D;`%^]=AUNR0_71($?YX.%&(&-RG'W[^^('U M_\,E38(;P(J;^8,3&__XP*;%!HB`$[F\A=@*R1#B, MYU"83LECUN-8:?#CMBP\T)X_IG3V`_:.N]DU#.B'@XY_CPADK[CP'4+@#`*O M,2>*P^^2EWL'@^:?1N,=X3,(H>OXW7-'5SE:@+$?`AS0R?`"NF!G<]#.Z;YP MR/.UCU[))/`@!F[8!=V;@[:F^Q(2UT--HL7#PZFXVA?.` M?F77"<*QZ])]/:3GT#WRH0L!&7M>/!<`O/ M?>3^UICA+FGH'2K9#WU`)Z=EVRCE>THQE[/5WIR@LU[1QIHR7X*!=0.`Q323YE;U\*VI53`NEAM)7 M(L!G*BG"Y0^2OC_6.PEPC^;HY=@#\)A](_:7PT2I/TFUSC_0GWZ,Z:L]]OIK MWYEGP_G.$_"_'FP^/]XZ/1<19LK*-?T\CO]_P,%7@7=)/R*'-&%3/2HWIS'[ MY8?*YQD_$?J%F>)0(DZ___9QSHM-GAYZ<=U'(#*_,)BXF M5M9I5Y1?HH4#`R&-Z>-=47,-?8`OZ+J;(RS^RN56NZ+M`,/K?P8AR M,@-4//-N$J:%E,9DA@`3$+=D/2'"E(2O!Z<'HXA0+M$RL449P4GUO,]@*9]F M!2HG>XU*1@\Y:\1XFIS.3@G^RTBJY@,"JSL$YRY M)J8,G`UMUF;%2HJ$?$IEL'SX8",P`IM&>05EIJO=S9`OQU6OV(Y\98J!>XWM M.C.'/,7`1.1P[CC+Q+@#_)!DOU2M/.G//]*H`7+OK-@D3N((<$31A\X3]./I MG9Z7%3M0DQ&:6Z[:<_@`7`!?&(FW(%1CB=O%"`]Y0-.]`[U)<.$L8>CX:V>0 MB)/ZCD;X(02$55-GY:$YN@1N44$CC M//%""@6-S-"I*.?T1++1EF54I)<=VGGE-A-FZJVQ`]CJRU8'1G[DV.K-5L=' M(/[8ZL>N!T91=[;5C:V[Y;3U6:/0\=\#$@+M<1T01:MF@9?-,T"\<1RI7"U`CH[#2AZT'&]=05$=II2Q`Z$31&+MV/9E7RDAXKZOE;@ M9:M4SX5RZX3VT56OJMH[U(#ZN&0+41[,P/4/5]5F;P<]V=K^G4S?%1B MPVW-R&Z&F$J4A*TIVLT0DRHFC3*T=123GJ?ME,M3FXBS]WWTRJK$7R-\B:*G MD)'_;K;BJ@24]^^Y4U38C$XI[]6EJCV91)8;86T6H)#[]2BZ51R(/M>K!= M6VF[[H-5:/.6KRZ2H\=S.O@T6K+W?P.+)X`K4K.HE1E%FE`@6$PZF2)?K/J7 M6YFC=`KP"W0E50]*C4S1R3RN:;BHC-)2,Q.T9B;T3"2K45*%S?M`^[E#H*M( M>-*V#U1?0C\*A28W46M;S%7-<4RV[AM$R#4]^))0OXA"M7;G&I@A#/(;EP#Y M!H/X2)K0(X(>,BQCJSQ*XAKY!J@N1Y^\T";IC7#<;[-+"LPAG)^6-5N#J+4Y MRCD7,$HH%UVDN&O*DXF1DB*DN-QJ,!(R!L MMC-*;2VRO);&BFXDJ-T6E\[ARTZV5_.08\+S-ME>N4-)92IML&4(;=]6U`(K M-C>?(72)YV@A.676O0[MRB+:`LV&B]#6>_UT8=EA/$"[&DSVS$2!F[U5I26+=O>*/[I= M(25;9HW8=MBN5)(M&UE7YOF]*8(S!'S+X5`TFN2QWP-"^U7.I5M_8).M;,-K M9J>VO'.@Q2[ZW976ZT.:!ZN:?NVC5S*A[&-`,311YHQ=(F3]??2>`ZAVY+CQV0_B2U'.KN8QS&Z\:[O)\-US]..T1 M7U3.ATQ]=C%P"+@$R9]:[`F&,'DSJ%Z(>5TO,YS0+=B%\09,_^Z#^"0,O/&" M[J?PO_'O0G84N@XI*M4).PE4RM^*LQ2:#-8OOHN"$MIX!$AK#-!O_FK628.!>L1OXB5H M\3UY`_2;OV;?4S90C_CE*$1Z?/(&Z#=_S;YGWS3']Y$*2$6W6$N_1I@"Z@+@ MQ7[']%I`U:U$=Q23G#ZBL4L5.PR$=V?6,*DP@*';IW/@'Z@$E!#+C'M4)7H$ M>'$)GB374"OT-N[F\TU=O]6T?#O(N9M5U#KF%IM#[#7-SO+ MD>09XM7BAV,.HESF2!",98GC`,R=.*-W3T"L6L;5HH$'`#7=8+;>USHD05>F M5W/?046JK[-5V'Z3;?=`2DQ9MD=K=P.FCM^O7<1V__,#FON42M-3UV:NEFOX MCH_G;G%5L="K)2GN/:0Z3F+;DQN;.R"5,JKL5/^Z`6T[BKOMM[-W-F&5XPK: M50WK_Q:@G#398B[:64JL%7+20\OZVDEMD)/*^GM38TF*G%[,?X%9$Y..+3N< M8OY'`58#:\4R_@*4'ASN#60_3M=!:V"52$"["KQW`IDD-F$?JTO*XQZ&S/#> MYCT;RQ$M4FRSG'BZR4RCQ<+!J[O9%,X#.(,N,W\D'@NZT]PC'[I,$/`\F#`Q M"68(+Q)_NX$HGYQR9K5)[P5,##A`6OB^OI^)F"4>5>(R^*+6/:'\/L+N,Q5\ M[C%T`;MHUTW6/2$@)"G8HA#*QL/UF_$N9ZD M"X_3L).+!=;N25V3D<07#$C;=T+1)9C1;^BE,3+,CGRU6/IH!0!A!;HP?(K8 M!YP$5%]PV48_KT8I-A[&4&YPA4Y2'#"$\U2RLS4;JR]?)"I!#WV3`'O'_S7F#BV@Q#H+( M\2NT9AM#(QQT!NYFKG8L?@H"U+?[KDZ0N/(!E6'*Y=U9(*L3K":!*UZX2OV& M2@37,(`AN($OS*H9.L$S]1:UWIIP<2^:]X;HPZZ::UWL*>*WL%*TFJK6WX4=>7DV+/[5/)2TE6 M[64TEWK=>JMR0>]&^SY?^;F%BTT-.#R5/6+Y'6IJY@?;*ZK7^-[6/<8*$-ON M5A?[>_)I)??(V!ZTV,H=4LF]%GD8;)]DMQ.I3M3`:VQX6J MXZC@BFL7$-I?L';BWLF!5I&T;=\I&[@XUL\8;?_!'N,I& MY/[J#>=5PU+I!N)UN\Y>(%$V8JUC4?'BV)[:6(=&V?-F:YI2`W->?NHKV--M MK677$+;VH;JVEJO;&:"\^%];:]2U!+5P*=A;6ZXE1#771-MUG?`UW3:U\OL:U/C%6:"6MZ[SD"VI(SO(!UWUT=[DWVP=+%ZK?>9MP=.X M!LM"(Y;N@;:?)I@F*#68G/;*X>T/0!U(+8\/[G%`9@^4ERF8,T7O`;"6K-!U M^ZJ6M0*=TCO51#J]H0:A3EFHVV5]BM2ADWO$TH\JK!$B;&\D+[@R`]?FG4@; MU^K:32:V^$WB/.RZ/CTX&1OM)(7!KQ:5X4S'2YS6", MZKCP7A95FC*M>+$N@.W70],9SIR:$E/;;+T;=7V!SM:U8[6 M_.U-11Y@I[I/6IC5T#6/O['!&+>*"RF[\T\_65#\U3'BV1%M3^MKZ37BE M+:R>,]H(54V5ML;5=8/3FO'9UF(R;8&26D1:%9BQ&31)EG:3ZC*]SB_N#*SN MRLR@T/'M!&O#R&]K39GV0-5&FMM53Z9U3(J@SE.C:C'V+L#,FVYKZ12;S77'\>6*`.[/.#Y]*WU^6PV-$JOU%%8;F2"SGS>"^)TQ.T&WT2?#D*I M6-!@,[7>A,5=G_OKKQ'"(9MI]GL,A-LC%YJ=>X9MD"ZS'[J)??9]]$I)`M<( M7Z+H*9Q%?OIN$K]H)1(8M;N;.*U9.4!R-ZN@N9)SIMG92`RS0Y[I+&%_K-TI MI\:66E\SD=G9_05T$2@R(^MB@H%"BF]MTT-D3<.Y!0)+C/_;3W2,J M0H$0XEA0B*OVW:)@F31*+>#IW!6@W6+`7EVHKC:WE+L;C.1^`"Z:!U#]@*OO MUX<88QVQ2JWO8#,;;&9F,J^^$W`WNR(A7%#@1#.@TFBP[?7`]J!HVU-4"??& MH"=%2ZZ261^/IH11=<.P/OA,"14%@;:8W MN=15*NM#SY3PXILRK(\R4\)&QP1GZ_5DFJNOA4%G;T+2I`C6FM.M3S=2@DEL M/;8^^4@)'T5[5:MKP]X36$,0QQ#$,01Q=!?$D>^_16V%#J*!;?'=2M&I\6_R MN@S^PL%?T7-_Q>`'Z,&QKB8REO;'^#Y+@(`D.DN!N),$8'\VXW?[*@Y;) M4GGE(-7;,PB>'`/J/ M_P=02P,$%`````@`2(4.07K%5MCG!P``)C\``!$`'`!A=71O+3(P,3(P-C,P M+GAS9%54"0`#*+@J4"BX*E!U>`L``00E#@``!#D!``#M6UMSXK@2?M^J_0\Z M?IJM&F,FSLN4L`6H1I:\DIR$?W]:OH`!Q]B![+!U M>)D8J[]6=W_M5EO67/[Y$C#T1*2B@G\"F?=JRO0[L[O.[UK#\_ M_?K+Y;]L&]W>?.X.4)\SR@GJV5^(EO0%??,((Q)K@D;X17`1S-'0FY$`?T1C MK(B/!$??K@;WZ*3A(C33.FP[SO/S")PD&UG4_TG,:J-SAON M[XWSW,A`1-QOH]/SIR+]JG9^U6Z[]Y:1'. M)9W.-/K@_0;"S3,;$.Z*=Q]1CWL-U&4,#8RH0@.BB'PB?B/5I&(7$020JXZ5 M\^JYU1!RZH!>U_GVY3X)A?7K+RB1;;^,):,K"',GP[0S4E'RIYB'"[D)UB-8^ETP$DBZMHM=Q6EYR%1A;!X MI!B'(RU63%,1U\3[H27F*A12Q[E@H,WS5C,'Y(+S*"@.A*^E8^9T0,@&*2*I MEX=NQVU@C(RO%[!\S,^<9#`G[4%::CE?%5?$:TS%DY,.%L?#)[08!0/%",J? MB-+%H&1L':>QG!+]@`.B0NR1FN&'YSL@7-\)&=R0"8X8S/U7A!F=4.);"&NH M`^-(DQ6!B"]%/ADMEYASH>,'-?YM[H0AY1.1_H0;)C';4C`R`DZ0N?@ZZ&VW M5J>%QS$(YT9XD;$W^XNY?\LUU?,>S"6#V`(+4;]C59)<6)?9YY,)Y33VPVVZ MR$89/'\)JE"B"^6473KK&M:51U`Q^_Q3?.UAYD4L!M[#[Q2<2I0!0PG5BNLW M()>6O8Y+[V8T[9F](9@=IUM_776C&H4ZSXRMY6Y!Z&)&HE%35R&\BI2\-*B MU`U1GJ2A,;++_:X7]YWP,O<(X?I]:R_/B=],?4>4QH2)) MX$N&4+`OJ0Z#A2_S[8O`\>G>9], M#XB*F.Y/^J'Y8@\FJ:MY&G.U3G"I;#FOY^N\)KK,L[O4AL;SC&_U_\2F^<=\ MKA^0"8J_Q+?-!^B.I6@0,F*E][#T#+[\&[X32@'QU+#L.9G:3,$&>O700)P8 M:_%+KM3A$ER'THQXX0&,5\[_H.2(T;WP8D4E$//+SG"VN66[)W;+;;PH/S6Q MC@7+2->S(,/5M:#P9$W5N3.`F?2LTG2EQY1>FS:>LO!AO M'$:J%(1UE(G$A0F_>[Z+";ES5#7-$/SA;9:4G3O;@1ASIRXOVXYOE9I3A,M^ M[&3(VHFP2D9D&'.QT^2;)\LJS9^#I=>O6)&>,HO-Z%C=*5P/H]!8]H4$8R*3 M_M14Z^]%@\DBDYP1;/LBP)3W-`E,`V8A/%;0('NZ8VD9F27$',)LP])"A3^* M@7XDT]<<3ADS6T^9K(H`3'5D1C]+$84=*X%34/^*\8R)9U.,[X2\$=%83R*6 M;E6H>)]BOO99)O&J#FK%79W=+_)X@IEZ?Y?A#3T0?*C!B-N_(OJ$F>GK-Y@K M%SLD#BOL8D`C0(Q]:M7!&K#$X<04\`Y>>`_9WWA'MIZO*>1O]M/7[1D@I1>- MXT@7>QPW[\1/+7UDF-]"ARKFA*AKP9,SK:"WQQ]!D^G^IGGGWX1.$QRR.TSN M_KP'-K4_;^MIT_VW<63CJ:T@>TB/[KYWKKNI^?F(O-L4!U02:FWIE@:I%OX@ M(U"V&U;J>C7@0?I<:8NWU/F:&@XI"A7^:T"1Z[5@!^3O+3.GH$?9+G*LV#RU MF(/IWL:*4$W\D!:%.RJ5'LTD(>F"W)_DUS/5YP6K7.%JN+.F0PK+9R'\9U`# MRU=?SXCLF9R=4E#:58KH?&N[732?S]#F$PVK8:T.)]G$TMG0.#FB#RZ3L?G. MN`=_'^!5:?0L=LV!W=0<4@(44OE5$7CYO*>3?,>[53)/?QC_AXTG`O)D"K"? MUNBDTXDYV$%V0/JX-<7U]P2L_ZFMEWT(-_02OOHHK?OJH`# M6GA+3=[@L8+P03*YVBELE-/BX9]8)B^=9&\3+O\'4$L!`AX#%`````@`2(4. M0>Y_79282P``4%4#`!$`&````````0```*2!`````&%U=&\M,C`Q,C`V,S`N M>&UL550%``,HN"I0=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`2(4.04Z2 MJ-3I"```Y'(``!4`&````````0```*2!XTL``&%U=&\M,C`Q,C`V,S!?8V%L M+GAM;%54!0`#*+@J4'5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`$B%#D$Q M[<%OTA4``.!W`0`5`!@```````$```"D@1M5``!A=71O+3(P,3(P-C,P7V1E M9BYX;6Q55`4``RBX*E!U>`L``00E#@``!#D!``!02P$"'@,4````"`!(A0Y! MZ?/0W<@G``!P&0(`%0`8```````!````I($\:P``875T;RTR,#$R,#8S,%]L M86(N>&UL550%``,HN"I0=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`2(4. M09XV*TTN%@``([(!`!4`&````````0```*2!4Y,``&%U=&\M,C`Q,C`V,S!? M<')E+GAM;%54!0`#*+@J4'5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`$B% M#D%ZQ5;8YP<``"8_```1`!@```````$```"D@="I``!A=71O+3(P,3(P-C,P M+GAS9%54!0`#*+@J4'5X"P`!!"4.```$.0$``%!+!08`````!@`&`!H"```" %L@`````` ` end EXCEL 15 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%]E8V%B.&4X85\S8F8Q7S0S.#=?864V-U\W,SDQ M838V8S8U-3@B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O&5S/"]X.DYA;64^#0H@("`@/'@Z M5V]R:W-H965T4V]U#I%>&-E;%=O#I7;W)K5]O9E]3:6=N:68Q/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T M4V]U#I%>&-E;%=O&5S7U1A8FQE#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/E-E9VUE;G1?4F5P;W)T:6YG7U1A M8FQE#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D)U M#I7;W)K#I7;W)K#I7;W)K5]396=M96X\+W@Z3F%M93X-"B`@("`\>#I7;W)K#I3 M='EL97-H965T($A2968],T0B5V]R:W-H965T3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]E8V%B.&4X85\S8F8Q M7S0S.#=?864V-U\W,SDQ838V8S8U-3@-"D-O;G1E;G0M3&]C871I;VXZ(&9I M;&4Z+R\O0SHO96-A8CAE.&%?,V)F,5\T,S@W7V%E-C=?-S,Y,6$V-F,V-34X M+U=O'0O M:'1M;#L@8VAA2!);F9O'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$6UB;VP\+W1D M/@T*("`@("`@("`\=&0@8VQA2!296=I M'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$2!#;VUM;VX@4W1O8VLL(%-H87)E'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S7!E.B!T M97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE M860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT M96YT/3-$)W1E>'0O:'1M;#L@8VAA&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3H\+W-T'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA3X-"CPO:'1M;#X- M"@T*+2TM+2TM/5].97AT4&%R=%]E8V%B.&4X85\S8F8Q7S0S.#=?864V-U\W M,SDQ838V8S8U-3@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO96-A M8CAE.&%?,V)F,5\T,S@W7V%E-C=?-S,Y,6$V-F,V-34X+U=O'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'!E;G-E M'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'!E;G-E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3X-"CPO:'1M M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]E8V%B.&4X85\S8F8Q7S0S.#=?864V M-U\W,SDQ838V8S8U-3@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO M96-A8CAE.&%?,V)F,5\T,S@W7V%E-C=?-S,Y,6$V-F,V-34X+U=O'0O:'1M;#L@8VAA M'!E;G-E/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$;G5M<#XS-RPP,#`\'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$2!O<&5R871I;F<@ M86-T:79I=&EE'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S6%B;&4L(&YE=#PO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!O9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\9&EV('-T>6QE/3-$)T9/3E0Z M(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)TU!4D=)3CH@,'!T(#!P>#L@ M1D].5#H@,3!P="!4:6UE3L@34%21TE..B`P<'0@,'!X.R!&3TY4 M.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E$$P M.SPO<#X-"CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&IU#(P,40[("8C>#(P,4,[=V4L)B-X,C`Q1#L@)B-X,C`Q0SMU2!F:6YA;F-I M86P@7-I7!E(&QE87-E#L@1D].5#H@,3!P="!4:6UE#L@1D].5#H@ M,3!P="!4:6UE2!A;&P@;V8-"G1H92!O<&5R871I;VYS(&]F('1H92!3 M:6=N:69I8V%N="!!9V5N="8C>#(P,3D[28C>#(P,3D[2P@<&QU3L@5$585"U)3D1% M3E0Z(#`N-6EN.R!-05)'24XZ(#!P="`P<'@[($9/3E0Z(#$P<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE2!E<75I<&UE;G0@86YD#0II=',@#(P,3D[(&YE961S+B!4 M:&4-"D-O;7!A;GDF(W@R,#$Y.W,@8G)O:V5R86=E(&%N9"!C;VYT2!C;VUP;&5T960-"F9I2!G M96YE3L@34%21TE. M.B`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L M(%-E$$P.SPO<#X-"CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ M(&IU#L@1D].5#H@8F]L9"`Q,'!T(%1I M;65S($YE=R!2;VUA;BP@5&EM97,L(%-E#L@1D].5#H@,3!P="!4:6UE6QE/3-$)U1%6%0M04Q) M1TXZ(&IU#L@1D].5#H@,3!P="!4:6UE M#L@1D].5#H@,3!P="!4:6UE6QE/3-$)U1% M6%0M04Q)1TXZ(&IU#L@1D].5#H@,3!P M="!4:6UE#L@1D].5#H@,3!P="!4:6UE2!F;W(@82!F86ER('!R M97-E;G1A=&EO;B!O9B!T:&4@"!M;VYT:',@96YD M960@2G5N92`S,"P@,C`Q,B!A;F0@,C`Q,2!A2!I;F1I8V%T:79E(&]F(')E2!I;F-L=61E9"!I;B!F:6YA;F-I86P@6QE/3-$)U1%6%0M04Q)1TXZ(&IU$$P.SPO<#X-"CQP('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(&IU#L@1D]. M5#H@,3!P="!4:6UE3L@5$585"U)3D1%3E0Z(#`N-6EN.R!- M05)'24XZ(#!P="`P<'@[($9/3E0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4 M:6UE3L@5$585"U)3D1%3E0Z(#`N-6EN.R!-05)'24XZ(#!P M="`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`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I;65S($YE=R!2;VUA M;BP@5&EM97,L(%-E$$P.SPO<#X-"CQP('-T>6QE/3-$)U1% M6%0M04Q)1TXZ(&IU2!B87-I3L@34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I;65S($YE=R!2 M;VUA;BP@5&EM97,L(%-E$$P.SPO<#X-"CQP('-T>6QE/3-$ M)U1%6%0M04Q)1TXZ(&IU#L@1D].5#H@ M,3!P="!4:6UE6QE/3-$)U1% M6%0M04Q)1TXZ(&IU#L@1D].5#H@,3!P M="!4:6UE#L@1D].5#H@,3!P="!4:6UE#L@1D].5#H@,3!P="!4:6UE3L@5$585"U)3D1% M3E0Z(#`N-6EN.R!-05)'24XZ(#!P="`P<'@[($9/3E0Z(#$P<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE3L@34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I M;65S($YE=R!2;VUA;BP@5&EM97,L(%-E$$P.SPO<#X-"CQP M('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&IU#L@1D].5#H@,3!P="!4:6UE3L@5$585"U)3D1%3E0Z(#`N-6EN.R!-05)'24XZ(#!P M="`P<'@[($9/3E0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE3L@5$585"U)3D1%3E0Z(#`N-6EN.R!-05)'24XZ(#!P="`P<'@[($9/ M3E0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE7-T96T-"F1E M=F5L;W!M96YT(&-O&5D(&%S6QE/3-$)U1%6%0M04Q)1TXZ(&IU#L@1D].5#H@,3!P="!4:6UE3L@34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I;65S($YE M=R!2;VUA;BP@5&EM97,L(%-E$$P.SPO<#X-"CQP('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(&IU7!E#0IL96%S97,N M(%1H92!#;VUP86YY(')E8V]R9',L(&%T('1H92!I;F-E<'1I;VX@;V8@=&AE M(&QE87-E+"!T:&4-"F%G9W)E9V%T92!F=71U6UE;G1S(')E8V5I=F%B;&4@<&QU6EN9R!E<75I<&UE;G0N#0I5;F5A3L@34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T M(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E6QE/3-$)U1%6%0M04Q)1TXZ(&IU M$$P.SPO<#X-"CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&IUF5D+`T*8G5T(&ES('1E2!F;W(@:6UP86ER;65N="!U#L@1D].5#H@,3!P="!4:6UE6QE/3-$)U1%6%0M04Q)1TXZ(&IU#L@1D].5#H@,3!P="!4:6UE#L@1D].5#H@,3!P="!4:6UE2!E65E2!E<75A;"!T;R`Q,#`E(&]F('1H M92!E;7!L;WEE97,F(W@R,#$Y.R!F:7)S="`S)2!O9B!E;&5C=&EV90T*9&5F M97)R86QS(&%N9"!A;B!A9&1I=&EO;F%L(#4P)2!O9B!T:&4@;F5X="`R)2!O M9B!E;&5C=&EV90T*9&5F97)R86QS+"!S=6)J96-T('1O(&$@;6%X:6UU;2!C M;VYT65E#(P,3D[(&5L M:6=I8FQE(&-O;7!E;G-A=&EO;BX@26X@36%Y(#(P,#DL('1H92!P;&%N('=A M'!E;G-E(&-H87)G960@=&\@ M;W!E3L@34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I;65S($YE M=R!2;VUA;BP@5&EM97,L(%-E$$P.SPO<#X-"CQP('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(&IU#L@1D]. M5#H@,3!P="!4:6UE6QE/3-$)U1%6%0M04Q) M1TXZ(&IU$$P.SPO<#X-"CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&IU"!M;VYT:"!P97)I;V1S#0IE;F1E9"!*=6YE M(#,P+"`R,#$R(&%N9"`R,#$Q+"!R97-P96-T:79E;'DN/"]P/@T*/'`@3L@5$585"U)3D1%3E0Z(#`N-6EN M.R!-05)'24XZ(#!P="`P<'@[($9/3E0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE3L@34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T M(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E#L@1D].5#H@ M,3!P="!4:6UE#L@1D].5#H@,3!P="!4:6UE M2!U=&EL M:7IE2!M971H;V0@9F]R(&%C8V]U M;G1I;F<-"F9O"!AF5D(&9O`T* M8V]N"!R871E'!E8W1E9"!T;R!A<'!L>2!T;R!T87AA8FQE#0II;F-O;64@ M:6X@=&AE('EE87)S(&EN('=H:6-H('1H;W-E('1E;7!O2!D:69F97)E M;F-E`T*87-S971S(&%N9"!L:6%B M:6QI=&EE$$P.SPO<#X-"CQP('-T>6QE/3-$)TU!4D=)3CH@,'!T(#!P>#L@ M1D].5#H@,3!P="!4:6UE6QE/3-$)TU! M4D=)3CH@,'!T(#!P>#L@1D].5#H@,3!P="!4:6UE#L@1D].5#H@,3!P="!4:6UE2!O<&5R871E7!E(&QE87-E2!O=VYE0T*86YD(&UA'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA&5S/&)R/CPO'0^/&1I=B!S='EL93TS1"=& M3TY4.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E6QE/3-$)U1%6%0M04Q)1TXZ(&IU#L@1D].5#H@,3!P="!4:6UE#L@1D].5#H@,3!P="!4:6UE#L@1D].5#H@,3!P="!4:6UE6QE/3-$)U1%6%0M04Q)1TXZ(&-E;G1E M6QE/3-$)U=)1%1(.B`X,"4[($)/4D1%4BU#3TQ, M05!313H@8V]L;&%P6QE/3-$)U!!1$1)3D6QE/3-$)U!!1$1)3D6QE/3-$ M)T)/4D1%4BU"3U143TTZ(&)L86-K(#%P="!S;VQI9#L@5$585"U!3$E'3CH@ M8V5N=&5R)R!C;VQS<&%N/3-$,B!N;W=R87`],T1N;W=R87`^1&5F97)R960\ M+W1D/@T*/'1D('-T>6QE/3-$)U!!1$1)3D$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT.R!724142#H@.24G/B8C M>$$P.SPO=&0^#0H\=&0@6QE/3-$)U=)1%1(.B`Q)2<^ M)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T.R!7 M24142#H@,24G/B8C>$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^#0H\ M=&0@6QE M/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^)B-X03`[/"]T9#X- M"CQT9"!S='EL93TS1"=415A4+4%,24=..B!R:6=H=#L@5TE$5$@Z(#DE)SXF M(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%=) M1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=724142#H@,24G M/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q) M1TXZ(')I9VAT.R!724142#H@.24G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U!!1$1) M3D$$P.SPO=&0^#0H\=&0@6QE M/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U! M3$E'3CH@;&5F="<^#0HD/"]T9#X-"CQT9"!S='EL93TS1"="3U)$15(M0D]4 M5$]-.B!B;&%C:R`R+C5P="!D;W5B;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX- M"BT\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1) M3D$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U14 M3TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@6QE M/3-$)U!!1$1)3D$$P.SPO=&0^#0H\+W1R/@T*/"]T M86)L93X-"CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&-E;G1E6QE/3-$)U=)1%1(.B`X,"4[($)/4D1%4BU#3TQ,05!313H@8V]L M;&%P6QE/3-$)U!!1$1)3D$$P.SPO=&0^#0H\+W1R/@T*/'1R('-T>6QE/3-$ M)U9%4E1)0T%,+4%,24=..B!B;W1T;VTG/@T*/'1D('-T>6QE/3-$)U1%6%0M M04Q)1TXZ(&IU6QE/3-$)U!!1$1)3D6QE/3-$)T)/4D1%4BU"3U143TTZ M(&)L86-K(#%P="!S;VQI9#L@5$585"U!3$E'3CH@8V5N=&5R)R!C;VQS<&%N M/3-$,B!N;W=R87`],T1N;W=R87`^0W5R6QE/3-$)U1%6%0M04Q)1TXZ(&IU$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ M(&QE9G0[(%=)1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=4 M15A4+4%,24=..B!R:6=H=#L@5TE$5$@Z(#DE)SXF(WA!,#L\+W1D/@T*/'1D M('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^)B-X03`[ M/"]T9#X-"CQT9"!S='EL93TS1"=724142#H@,24G/B8C>$$P.SPO=&0^#0H\ M=&0@6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT.R!72414 M2#H@.24G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U=) M1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=. M.B!L969T.R!724142#H@,24G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^)B-X M03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!R:6=H=#L@5TE$ M5$@Z(#DE)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ M(&QE9G0[(%=)1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CPO='(^#0H\='(@3L@4$%$1$E.1RU"3U143TTZ(#(N-7!T)SY);F-O;64@=&%X M#0IE>'!E;G-E/"]T9#X-"CQT9"!S='EL93TS1"=0041$24Y'+4)/5%1/33H@ M,BXU<'0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N-7!T M(&1O=6)L93L@5$585"U!3$E'3CH@$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1% M4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@;&5F M="<^#0HD/"]T9#X-"CQT9"!S='EL93TS1"="3U)$15(M0D]45$]-.B!B;&%C M:R`R+C5P="!D;W5B;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX-"C0R+#`P,#PO M=&0^#0H\=&0@6QE/3-$)U!!1$1) M3D$$P.SPO=&0^#0H\=&0@6QE M/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U! M3$E'3CH@;&5F="<^#0HD/"]T9#X-"CQT9"!S='EL93TS1"="3U)$15(M0D]4 M5$]-.B!B;&%C:R`R+C5P="!D;W5B;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX- M"BT\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1) M3D3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%]E8V%B.&4X85\S8F8Q7S0S.#=?864V-U\W,SDQ838V8S8U-3@-"D-O M;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO96-A8CAE.&%?,V)F,5\T,S@W M7V%E-C=?-S,Y,6$V-F,V-34X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R6QE/3-$)T9/3E0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE6QE/3-$)T-/3$]2.B!B;&%C:R<^/&(^3F]T92`S/"]B/CPO M9F]N=#X@/&(^+2`\9F]N="!S='EL93TS1"=#3TQ/4CH@8FQA8VLG/E-E9VUE M;G0@4F5P;W)T:6YG/"]F;VYT/CPO8CX\+W`^#0H\<"!S='EL93TS1"=415A4 M+4%,24=..B!J=7-T:69Y.R!-05)'24XZ(#!P="`P<'@[($9/3E0Z(#$P<'0@ M5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)U1%6%0M04Q)1TXZ(&IU$$P.R8C>$$P.R8C M>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.U1H92!# M;VUP86YY#0IO<&5R871E$$P.R!4:&4@86=E;G0@2!O9B!S97)V:6-E2!F:6YA;F-I86P@7-I3L@ M34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@ M5&EM97,L(%-E$$P.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P M.R8C>$$P.R8C>$$P.R8C>$$P.R8C>$$P.SPO<#X-"CQP('-T>6QE/3-$)U1% M6%0M04Q)1TXZ(&IU"!M;VYT:',@96YD960-"DIU;F4@,S`L(#(P M,3(@86YD(#(P,3$@87,@=V5L;"!AF5D(&)E;&]W.CPO M<#X-"CQP('-T>6QE/3-$)TU!4D=)3CH@,'!T(#!P>#L@1D].5#H@,3!P="!4 M:6UE6QE/3-$)U!!1$1)3D6QE/3-$)U!! M1$1)3D6QE/3-$)U!!1$1)3D6QE/3-$)T)/4D1%4BU"3U14 M3TTZ(&)L86-K(#%P="!S;VQI9#L@5$585"U!3$E'3CH@8V5N=&5R)R!C;VQS M<&%N/3-$,B!N;W=R87`],T1N;W=R87`^5')A;G-P;W)T871I;VX\8G(@+SX- M"E-E$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^ M#0H\=&0@$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^ M#0H\=&0@$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^#0H\=&0@6QE M/3-$)U=)1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4 M+4%,24=..B!L969T.R!724142#H@,24G/B0\+W1D/@T*/'1D('-T>6QE/3-$ M)U1%6%0M04Q)1TXZ(')I9VAT.R!724142#H@.24G/C8Y+#`S,RPP,#`\+W1D M/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^ M)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=724142#H@,24G/B8C>$$P.SPO M=&0^#0H\=&0@$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^)#PO=&0^#0H\=&0@6QE/3-$)U=)1%1(.B`Q)2<^)B-X03`[/"]T9#X- M"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T.R!724142#H@,24G/B0\ M+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT.R!724142#H@ M.24G/C@V+#0S."PP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ M(&QE9G0[(%=)1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=7 M24142#H@,24G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^)#PO=&0^ M#0H\=&0@6QE M/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXU-2PW.#@L,#`P/"]T9#X-"CQT9"!S M='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D/B8C M>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ M(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S M='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T M>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXW,2PP,#$L,#`P/"]T9#X-"CQT M9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D M/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\+W1R/@T*/'1R('-T>6QE/3-$ M)T)!0TM'4D]53D0M0T],3U(Z(')G8B@R,#0L,C4U+#(P-"D[(%9%4E1)0T%, M+4%,24=..B!B;W1T;VTG/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0[(%1%6%0M24Y$14Y4.B`M.7!T.R!0041$24Y'+4Q%1E0Z(#EP="<^#0I0 M=7)C:&%S960@97%U:7!M96YT(&9O$$P M.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^ M#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^ M)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF M(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXM M/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\ M+W1D/@T*/'1D/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M24Y$14Y4.B`M.7!T.R!0041$24Y'+4Q%1E0Z(#EP M="<^0V]M;6ES$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ M(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^ M)B-X03`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`Y<'0G/@T*26YC;VUE(&9R;VT@;W!E6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXQ M+#@V."PP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G M/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=4 M15A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1% M6%0M04Q)1TXZ(')I9VAT)SXR-RPP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1% M6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X- M"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T* M/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXQ+#@Y-2PP,#`\+W1D M/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^ M#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L M969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I M9VAT)SXQ+#$S,2PP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ M(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL M93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXT-C$L,#`P/"]T9#X-"CQT9"!S='EL M93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D/B8C>$$P M.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ M(')I9VAT)SXW."PP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ M(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL M93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXM/"]T9#X-"CQT9"!S='EL93TS1"=4 M15A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D/B8C>$$P.SPO=&0^ M#0H\=&0@$$P.SPO=&0^#0H\=&0@6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT M9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D M('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXQ,C(L,#`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`R+C5P="!D;W5B M;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX-"C$L,#8Y+#`P,#PO=&0^#0H\=&0@ M6QE/3-$)U!!1$1)3D6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1)3D$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K M(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@$$P.SPO=&0^#0H\=&0@6QE/3-$ M)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U!3$E' M3CH@;&5F="<^#0HD/"]T9#X-"CQT9"!S='EL93TS1"="3U)$15(M0D]45$]- M.B!B;&%C:R`R+C5P="!D;W5B;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX-"C8R M,2PP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!! M1$1)3D$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU" M3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@6QE/3-$)U!!1$1)3D$$P.SPO=&0^#0H\ M+W1R/@T*/"]T86)L93X-"CQP('-T>6QE/3-$)TU!4D=)3CH@,'!T(#!P>#L@ M1D].5#H@,3!P="!4:6UE$$P.SPO=&0^#0H\=&0@6QE M/3-$)U!!1$1)3D$$P.SPO=&0^#0H\=&0@6QE/3-$)U!!1$1)3D6QE/3-$)U!!1$1) M3D6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#%P="!S;VQI9#L@ M5$585"U!3$E'3CH@8V5N=&5R)R!C;VQS<&%N/3-$,B!N;W=R87`],T1N;W=R M87`^5')A;G-P;W)T871I;VX\8G(@+SX-"E-E$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^#0H\=&0@ M$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^#0H\=&0@ M$$P.SPO=&0^#0H\=&0@6QE M/3-$)U!!1$1)3D6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1)3D6QE M/3-$)U!!1$1)3D$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#%P="!S;VQI9#L@ M5$585"U!3$E'3CH@;&5F=#L@5TE$5$@Z(#$E)SX-"B0\+W1D/@T*/'1D('-T M>6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#%P="!S;VQI9#L@5$585"U! M3$E'3CH@$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#%P="!S;VQI9#L@ M5$585"U!3$E'3CH@;&5F=#L@5TE$5$@Z(#$E)SX-"B0\+W1D/@T*/'1D('-T M>6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#%P="!S;VQI9#L@5$585"U! M3$E'3CH@$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#%P="!S;VQI9#L@ M5$585"U!3$E'3CH@;&5F=#L@5TE$5$@Z(#$E)SX-"B0\+W1D/@T*/'1D('-T M>6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#%P="!S;VQI9#L@5$585"U! M3$E'3CH@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1)3D6QE/3-$)U!! M1$1)3D6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1)3D6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXQ,#4L,#8R+#`P,#PO=&0^#0H\ M=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G M/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P M.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%, M24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(')I9VAT)SXQ,#4L,#8R+#`P,#PO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\ M=&0@$$P.SPO=&0^#0H\=&0@6QE/3-$)U1% M6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G M/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P M.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%, M24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(')I9VAT)SXR.#,L,#`P/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%, M24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D/B8C>$$P.SPO=&0^#0H\=&0@ M6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C M>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO M=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=. M.B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ M(')I9VAT)SXM/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T M)SXF(WA!,#L\+W1D/@T*/'1D/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M24Y$14Y4.B`M.7!T.R!0041$24Y' M+4Q%1E0Z(#EP="<^0V]M;6ES$$P.SPO=&0^ M#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ M(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G M/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=4 M15A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1% M6%0M04Q)1TXZ(')I9VAT)SXQ-BPS-3DL,#`P/"]T9#X-"CQT9"!S='EL93TS M1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D/B8C>$$P.SPO M=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS M1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$ M)U1%6%0M04Q)1TXZ(')I9VAT)SXR,2PW.#@L,#`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`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T M)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT M)SXQ-S(L,#`P/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T M)SXF(WA!,#L\+W1D/@T*/'1D/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^ M#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^ M)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF M(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXR M.#,L,#`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`R+C5P="!D;W5B;&4[(%1%6%0M04Q)1TXZ M(')I9VAT)SX-"C$L.3$U+#`P,#PO=&0^#0H\=&0@6QE/3-$)U!!1$1)3D$$P M.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K M(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@;&5F="<^#0HD/"]T9#X-"CQT M9"!S='EL93TS1"="3U)$15(M0D]45$]-.B!B;&%C:R`R+C5P="!D;W5B;&4[ M(%1%6%0M04Q)1TXZ(')I9VAT)SX-"C4W,BPP,#`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`R+C5P="!D M;W5B;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX-"C4Q+#6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1)3D$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K M(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@$$P.SPO=&0^#0H\=&0@6QE/3-$ M)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U!3$E' M3CH@;&5F="<^#0HD/"]T9#X-"CQT9"!S='EL93TS1"="3U)$15(M0D]45$]- M.B!B;&%C:R`R+C5P="!D;W5B;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX-"C4Y M+#,Q-2PP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[ M(%!!1$1)3D$$P.SPO=&0^#0H\=&0@ M6QE/3-$)T)/4D1% M4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@6QE/3-$)U!!1$1)3D$$P M.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K M(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@;&5F="<^#0HD/"]T9#X-"CQT M9"!S='EL93TS1"="3U)$15(M0D]45$]-.B!B;&%C:R`R+C5P="!D;W5B;&4[ M(%1%6%0M04Q)1TXZ(')I9VAT)SX-"C8X+#`Q,2PP,#`\+W1D/@T*/'1D('-T M>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1)3D3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]E8V%B.&4X85\S M8F8Q7S0S.#=?864V-U\W,SDQ838V8S8U-3@-"D-O;G1E;G0M3&]C871I;VXZ M(&9I;&4Z+R\O0SHO96-A8CAE.&%?,V)F,5\T,S@W7V%E-C=?-S,Y,6$V-F,V M-34X+U=O'0O:'1M;#L@8VAA'0^ M/&1I=B!S='EL93TS1"=&3TY4.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM M97,L(%-E6QE/3-$)U1%6%0M04Q)1TXZ(&IU#L@1D].5#H@,3!P="!4:6UE3L@34%21TE. M.B`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L M(%-E$$P.SPO<#X-"CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ M(&IU2!H879E M(&)E96X@<')E<&%R960@=7-I;F<-"G1H92!A8V-R=6%L(&)A3L@ M34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@ M5&EM97,L(%-E$$P.SPO<#X-"CQP('-T>6QE/3-$)U1%6%0M M04Q)1TXZ(&IU#(P,3D[2!O9B!N;W)M86P@'!E8W1E9"!F;W(@=&AE(&5N=&ER90T*>65A6QE/3-$)U1%6%0M04Q)1TXZ(&IU$$P M.SPO<#X-"CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&IU2UO=VYE9"!S=6)S M:61I87)I97,L(%-U;G1E8VL@5')A;G-P;W)T#0I'#L@1D].5#H@,3!P="!4:6UE#L@1D].5#H@,3!P="!4:6UE'0^/&1I=B!S='EL93TS1"=&3TY4.B`Q M,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E6QE M/3-$)U1%6%0M04Q)1TXZ(&IU#L@1D]. M5#H@,3!P="!4:6UE6QE/3-$)U1%6%0M M04Q)1TXZ(&IU#L@1D].5#H@,3!P="!4 M:6UE#L@1D].5#H@,3!P="!4:6UEF5D('5P;VX@9&5L:79E2!A6QE/3-$)U1%6%0M04Q)1TXZ(&IU$$P M.SPO<#X-"CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&IU2!I2!O M8FQI9V]R(&EN(&ET2!A;&P@2P@=&AE($-O;7!A;GD@3L@34%21TE..B`P<'0@,'!X.R!& M3TY4.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E$$P.SPO<#X-"CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&IU2!B87-I6QE/3-$)T9/3E0Z(#$P<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE3L@34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T M(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E3L@34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I M;65S($YE=R!2;VUA;BP@5&EM97,L(%-E$$P.SPO<#X-"CQP M('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&IU'0^/&1I=B!S='EL93TS1"=&3TY4.B`Q,'!T(%1I;65S M($YE=R!2;VUA;BP@5&EM97,L(%-E6QE/3-$)U1%6%0M M04Q)1TXZ(&IU#L@1D].5#H@,3!P="!4 M:6UE6QE/3-$)U1% M6%0M04Q)1TXZ(&IU#L@1D].5#H@,3!P M="!4:6UE#L@1D].5#H@,3!P="!4:6UE2!C;VYT:6YU M;W5S;'D@;6]N:71O&5D($%S'0^/&1I=B!S='EL93TS M1"=&3TY4.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E6QE/3-$)U1%6%0M04Q)1TXZ(&IU#L@1D].5#H@,3!P="!4:6UE3L@5$585"U)3D1%3E0Z(#`N-6EN.R!-05)'24XZ M(#!P="`P<'@[($9/3E0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE3L@5$585"U)3D1%3E0Z(#`N-6EN.R!-05)'24XZ(#!P="`P<'@[ M($9/3E0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE7-T96T- M"F1E=F5L;W!M96YT(&-O&5D(&%S3L@34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q M,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E$$P.SPO M<#X-"CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&IU7!E#0IL96%S97,N(%1H92!#;VUP86YY(')E8V]R9',L(&%T('1H92!I;F-E M<'1I;VX@;V8@=&AE(&QE87-E+"!T:&4-"F%G9W)E9V%T92!F=71U6UE;G1S(')E8V5I=F%B;&4@<&QU6EN9R!E<75I<&UE;G0N#0I5;F5A6QE/3-$)T9/3E0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE3L@34%21TE. M.B`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L M(%-E6QE/3-$)U1%6%0M04Q)1TXZ(&IU$$P.SPO<#X-"CQP('-T>6QE/3-$)U1% M6%0M04Q)1TXZ(&IUF5D+`T*8G5T(&ES('1E2!F;W(@ M:6UP86ER;65N="!U65E($)E;F5F:70@4&QA;CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/&1I=B!S='EL93TS1"=&3TY4.B`Q,'!T(%1I;65S M($YE=R!2;VUA;BP@5&EM97,L(%-E6QE/3-$)U1%6%0M M04Q)1TXZ(&IU#L@1D].5#H@,3!P="!4 M:6UE3L@34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T(%1I;65S($YE M=R!2;VUA;BP@5&EM97,L(%-E$$P.SPO<#X-"CQP('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(&IU0T*8V]N=')I8G5T92!U<"!T;R`U)2!O9B!E;&EG:6)L M92!C;VUP96YS871I;VXL(&%S(&1E9FEN960L(&%N9"!M87D-"FUA:V4@861D M:71I;VYA;"!C;VYT65E#(P,3D[(&9I2X\+W`^#0H\+V1I=CX\#L@1D].5#H@,3!P="!4:6UE#L@1D].5#H@,3!P="!4:6UE2!T:&4-"G=E:6=H=&5D(&%V97)A9V4@ M;G5M8F5R(&]F(&-O;6UO;B!S:&%R97,@;W5T&5S/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&5X=#X\9&EV('-T>6QE/3-$)T9/3E0Z(#$P<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE3L@34%21TE..B`P<'0@,'!X.R!&3TY4.B`Q,'!T M(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E#L@1D].5#H@ M,3!P="!4:6UE#L@1D].5#H@,3!P="!4:6UE M2!U=&EL M:7IE2!M971H;V0@9F]R(&%C8V]U M;G1I;F<-"F9O"!AF5D(&9O`T* M8V]N"!R871E'!E8W1E9"!T;R!A<'!L>2!T;R!T87AA8FQE#0II;F-O;64@ M:6X@=&AE('EE87)S(&EN('=H:6-H('1H;W-E('1E;7!O2!D:69F97)E M;F-E`T*87-S971S(&%N9"!L:6%B M:6QI=&EE6QE M/3-$)T9/3E0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE$$P.SPO<#X-"CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&IU28C>#(P,3D[2!P7-I7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAA#L@1D].5#H@,3!P="!4 M:6UE6QE/3-$)U1%6%0M04Q)1TXZ(&-E;G1E6QE M/3-$)U=)1%1(.B`X,"4[($)/4D1%4BU#3TQ,05!313H@8V]L;&%P$$P.SPO=&0^#0H\+W1R/@T*/'1R('-T>6QE M/3-$)U9%4E1)0T%,+4%,24=..B!B;W1T;VTG/@T*/'1D(&YO=W)A<#TS1&YO M=W)A<#XF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U!!1$1)3D6QE M/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#%P="!S;VQI9#L@5$585"U!3$E' M3CH@8V5N=&5R)R!C;VQS<&%N/3-$-B!N;W=R87`],T1N;W=R87`^,C`Q,CPO M=&0^#0H\=&0@$$P.SPO=&0^#0H\=&0@6QE/3-$)U!!1$1)3D6QE/3-$)U!!1$1)3D6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L M86-K(#%P="!S;VQI9#L@5$585"U!3$E'3CH@8V5N=&5R)R!C;VQS<&%N/3-$ M,B!N;W=R87`],T1N;W=R87`^1&5F97)R960\+W1D/@T*/'1D('-T>6QE/3-$ M)U!!1$1)3D6QE/3-$)U1%6%0M M04Q)1TXZ(')I9VAT.R!724142#H@.24G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U=)1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT9"!S M='EL93TS1"=415A4+4%,24=..B!L969T.R!724142#H@,24G/B8C>$$P.SPO M=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0[(%=)1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4 M+4%,24=..B!R:6=H=#L@5TE$5$@Z(#DE)SXF(WA!,#L\+W1D/@T*/'1D('-T M>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^)B-X03`[/"]T M9#X-"CQT9"!S='EL93TS1"=724142#H@,24G/B8C>$$P.SPO=&0^#0H\=&0@ M6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT.R!724142#H@ M.24G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U!!1$1)3D$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ M(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@;&5F="<^#0HD/"]T M9#X-"CQT9"!S='EL93TS1"="3U)$15(M0D]45$]-.B!B;&%C:R`R+C5P="!D M;W5B;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX-"BT\+W1D/@T*/'1D('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1)3D$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O M=6)L93L@5$585"U!3$E'3CH@6QE/3-$)U!!1$1)3D$$P.SPO=&0^#0H\+W1R/@T*/"]T86)L93X-"CQP('-T>6QE/3-$ M)U1%6%0M04Q)1TXZ(&-E;G1E6QE/3-$)U=)1%1( M.B`X,"4[($)/4D1%4BU#3TQ,05!313H@8V]L;&%P6QE/3-$)U!!1$1)3D6QE/3-$)U!! M1$1)3D6QE/3-$)U!!1$1)3D6QE/3-$)T)/4D1%4BU"3U14 M3TTZ(&)L86-K(#%P="!S;VQI9#L@5$585"U!3$E'3CH@8V5N=&5R)R!C;VQS M<&%N/3-$-B!N;W=R87`],T1N;W=R87`^,C`Q,3PO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&IU$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^ M)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!R:6=H=#L@ M5TE$5$@Z(#DE)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS M1"=724142#H@,24G/B8C>$$P.SPO=&0^#0H\=&0@6QE M/3-$)U1%6%0M04Q)1TXZ(')I9VAT.R!724142#H@.24G/B8C>$$P.SPO=&0^ M#0H\=&0@6QE/3-$)U=)1%1(.B`Q)2<^)B-X03`[/"]T M9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T.R!724142#H@,24G M/B8C>$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M M04Q)1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT9"!S='EL M93TS1"=415A4+4%,24=..B!R:6=H=#L@5TE$5$@Z(#DE)SXF(WA!,#L\+W1D M/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^ M)B-X03`[/"]T9#X-"CPO='(^#0H\='(@3L@4$%$1$E. M1RU"3U143TTZ(#(N-7!T)SY);F-O;64@=&%X#0IE>'!E;G-E/"]T9#X-"CQT M9"!S='EL93TS1"=0041$24Y'+4)/5%1/33H@,BXU<'0G/B8C>$$P.SPO=&0^ M#0H\=&0@6QE/3-$ M)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U!3$E' M3CH@$$P.SPO M=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N M-7!T(&1O=6)L93L@5$585"U!3$E'3CH@;&5F="<^#0HD/"]T9#X-"CQT9"!S M='EL93TS1"="3U)$15(M0D]45$]-.B!B;&%C:R`R+C5P="!D;W5B;&4[(%1% M6%0M04Q)1TXZ(')I9VAT)SX-"C0R+#`P,#PO=&0^#0H\=&0@6QE/3-$)U!!1$1)3D$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ M(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@;&5F="<^#0HD/"]T M9#X-"CQT9"!S='EL93TS1"="3U)$15(M0D]45$]-.B!B;&%C:R`R+C5P="!D M;W5B;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX-"BT\+W1D/@T*/'1D('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1)3D3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]E8V%B.&4X85\S8F8Q M7S0S.#=?864V-U\W,SDQ838V8S8U-3@-"D-O;G1E;G0M3&]C871I;VXZ(&9I M;&4Z+R\O0SHO96-A8CAE.&%?,V)F,5\T,S@W7V%E-C=?-S,Y,6$V-F,V-34X M+U=O'0O M:'1M;#L@8VAA2!396=M96YT/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$=&5X=#X\9&EV('-T>6QE/3-$)T9/3E0Z(#$P<'0@5&EM97,@3F5W M(%)O;6%N+"!4:6UE3L@5$585"U)3D1%3E0Z(#`N-6EN.R!-05)'24XZ(#!P="`P M<'@[($9/3E0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE$$P.SPO<#X-"CQT86)L92!S M='EL93TS1"=724142#H@,3`P)3L@0D]21$52+4-/3$Q!4%-%.B!C;VQL87!S M93L@1D].5#H@,3!P="!4:6UE6QE/3-$)U!!1$1)3D6QE/3-$)T)/4D1%4BU"3U143TTZ M(&)L86-K(#%P="!S;VQI9#L@5$585"U!3$E'3CH@8V5N=&5R)R!C;VQS<&%N M/3-$,3`@;F]W$$P.SPO=&0^#0H\+W1R/@T*/'1R('-T>6QE/3-$)U9% M4E1)0T%,+4%,24=..B!B;W1T;VTG/@T*/'1D(&YO=W)A<#TS1&YO=W)A<#XF M(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U!!1$1)3D6QE/3-$)T)/ M4D1%4BU"3U143TTZ(&)L86-K(#%P="!S;VQI9#L@5$585"U!3$E'3CH@8V5N M=&5R)R!C;VQS<&%N/3-$,B!N;W=R87`],T1N;W=R87`^5')A;G-P;W)T871I M;VX\8G(@+SX-"E-E$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S M='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T M>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXF(WA!,#L\+W1D/@T*/'1D('-T M>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X M03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA! M,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXF(WA! M,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P M.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%, M24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(')I9VAT)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S M='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T M>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXF(WA!,#L\+W1D/@T*/'1D('-T M>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X M03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA! M,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXF(WA! M,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P M.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%, M24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(')I9VAT)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\+W1R/@T*/'1R('-T>6QE/3-$)T)! M0TM'4D]53D0M0T],3U(Z(')G8B@R,#0L,C4U+#(P-"D[(%9%4E1)0T%,+4%, M24=..B!B;W1T;VTG/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[ M(%1%6%0M24Y$14Y4.B`M.7!T.R!0041$24Y'+4Q%1E0Z(#EP=#L@5TE$5$@Z M(#(X)2<^#0I'6QE/3-$)U1%6%0M04Q)1TXZ M(&QE9G0[(%=)1%1(.B`Q)2<^)#PO=&0^#0H\=&0@6QE/3-$)U=)1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT M9"!S='EL93TS1"=415A4+4%,24=..B!L969T.R!724142#H@,24G/B0\+W1D M/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT.R!724142#H@.24G M/C$V-"PP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[ M(%=)1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=724142#H@ M,24G/B8C>$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^ M#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^)#PO=&0^#0H\ M=&0@6QE/3-$)U=)1%1(.B`Q M)2<^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T M.R!724142#H@,24G/B0\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ M(')I9VAT.R!724142#H@.24G/C4R-RPP,#`\+W1D/@T*/'1D('-T>6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0[(%=)1%1(.B`Q)2<^)B-X03`[/"]T9#X-"CQT M9"!S='EL93TS1"=724142#H@,24G/B8C>$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^#0H\+W1R/@T*/'1R('-T>6QE/3-$)T)!0TM' M4D]53D0M0T],3U(Z('=H:71E.R!615)424-!3"U!3$E'3CH@8F]T=&]M)SX- M"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T.R!415A4+4E.1$5.5#H@ M+3EP=#L@4$%$1$E.1RU,1494.B`Y<'0G/@T*4'5R8VAA6QE/3-$)U1% M6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T M9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D M/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXM/"]T9#X-"CQT M9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D M/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE M/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`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`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T M)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT M)SXM/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA! M,#L\+W1D/@T*/"]T6QE/3-$)U1% M6%0M04Q)1TXZ(')I9VAT)SXX+#4R,2PP,#`\+W1D/@T*/'1D('-T>6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T M9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D M/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXM/"]T9#X-"CQT M9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D M/B8C>$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO M=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\ M=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T M)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT M)SXQ,2PW,3$L,#`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`M.7!T.R!0041$24Y'+4Q%1E0Z(#EP M="<^#0I);F-O;64@9G)O;2!O<&5R871I;VYS/"]T9#X-"CQT9#XF(WA!,#L\ M+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO M=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C M>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1% M6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1% M6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X- M"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T* M/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXQ+#4Y,BPP,#`\+W1D M/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^ M#0H\+W1R/@T*/'1R('-T>6QE/3-$)T)!0TM'4D]53D0M0T],3U(Z(')G8B@R M,#0L,C4U+#(P-"D[(%9%4E1)0T%,+4%,24=..B!B;W1T;VTG/@T*/'1D('-T M>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%1%6%0M24Y$14Y4.B`M.7!T.R!0 M041$24Y'+4Q%1E0Z(#EP="<^#0I);G1E'!E;G-E/"]T9#X-"CQT M9#XF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G M/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1% M6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S M='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T M>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXW."PP,#`\+W1D/@T*/'1D('-T M>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X M03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA! M,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXQ,C(L M,#`P/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA! M,#L\+W1D/@T*/'1D/B8C>$$P.SPO=&0^#0H\=&0@6QE M/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE M/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\+W1R/@T*/'1R M('-T>6QE/3-$)T)!0TM'4D]53D0M0T],3U(Z('=H:71E.R!615)424-!3"U! M3$E'3CH@8F]T=&]M)SX-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T M.R!0041$24Y'+4)/5%1/33H@,7!T.R!415A4+4E.1$5.5#H@+3EP=#L@4$%$ M1$E.1RU,1494.B`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`R+C5P="!D;W5B M;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX-"C$V+#`P,#PO=&0^#0H\=&0@6QE/3-$)U!!1$1)3D6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1)3D$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K M(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@6QE/3-$)U!!1$1) M3D$$P.SPO=&0^#0H\=&0@6QE M/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U! M3$E'3CH@;&5F="<^#0HD/"]T9#X-"CQT9"!S='EL93TS1"="3U)$15(M0D]4 M5$]-.B!B;&%C:R`R+C5P="!D;W5B;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX- M"CDP-2PP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[ M(%!!1$1)3D$$P.SPO M<#X-"CQT86)L92!S='EL93TS1"=724142#H@,3`P)3L@0D]21$52+4-/3$Q! M4%-%.B!C;VQL87!S93L@1D].5#H@,3!P="!4:6UE6QE/3-$)U!!1$1)3D6QE/3-$)U!!1$1)3D6QE/3-$ M)T)/4D1%4BU"3U143TTZ(&)L86-K(#%P="!S;VQI9#L@5$585"U!3$E'3CH@ M8V5N=&5R)R!C;VQS<&%N/3-$,3`@;F]W"!M;VYT M:',@96YD960@2G5N92`S,"P@,C`Q,3PO=&0^#0H\=&0@$$P.SPO=&0^ M#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L M969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I M9VAT)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS M1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$ M)U1%6%0M04Q)1TXZ(')I9VAT)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T M9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D M/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXF(WA!,#L\+W1D M/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^ M#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L M969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I M9VAT)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS M1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$ M)U1%6%0M04Q)1TXZ(')I9VAT)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`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`Y<'0G/@T*4'5R8VAA6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@$$P M.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0G/B8C>$$P.SPO=&0^#0H\=&0@$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^ M)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF M(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXM M/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\ M+W1D/@T*/'1D/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\+W1R/@T*/'1R('-T>6QE/3-$ M)T)!0TM'4D]53D0M0T],3U(Z(')G8B@R,#0L,C4U+#(P-"D[(%9%4E1)0T%, M+4%,24=..B!B;W1T;VTG/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0[(%1%6%0M24Y$14Y4.B`M.7!T.R!0041$24Y'+4Q%1E0Z(#EP="<^#0I0 M=7)C:&%S960@97%U:7!M96YT(&9O$$P M.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS M1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$ M)U1%6%0M04Q)1TXZ(')I9VAT)SXR.#,L,#`P/"]T9#X-"CQT9"!S='EL93TS M1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D/B8C>$$P.SPO M=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G M/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P M.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%, M24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(')I9VAT)SXM/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L M969T)SXF(WA!,#L\+W1D/@T*/"]T6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXQ-BPS-3DL,#`P/"]T9#X-"CQT M9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D M/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT M9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D M('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXR,2PW.#@L,#`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`Y<'0G/@T*26YC;VUE(&9R;VT@;W!E6QE/3-$)U1%6%0M04Q)1TXZ(')I M9VAT)SXS+#(X,RPP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ M(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL M93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXT."PP,#`\+W1D/@T*/'1D('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[ M/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\ M+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXS+#,S,2PP M,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P M.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%, M24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(')I9VAT)SXQ+#DP,"PP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT M9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D M('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXY,S(L,#`P/"]T9#X-"CQT M9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D M/B8C>$$P.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M M04Q)1TXZ(')I9VAT)SXQ-S(L,#`P/"]T9#X-"CQT9"!S='EL93TS1"=415A4 M+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D/B8C>$$P.SPO=&0^#0H\ M=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P M.SPO=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P M.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%, M24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(')I9VAT)SXR.#,L,#`P/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%, M24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D/B8C>$$P.SPO=&0^#0H\=&0@ M6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO M=&0^#0H\=&0@6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO M=&0^#0H\+W1R/@T*/'1R('-T>6QE/3-$)T)!0TM'4D]53D0M0T],3U(Z('=H M:71E.R!615)424-!3"U!3$E'3CH@8F]T=&]M)SX-"CQT9"!S='EL93TS1"=4 M15A4+4%,24=..B!L969T.R!0041$24Y'+4)/5%1/33H@,7!T.R!415A4+4E. M1$5.5#H@+3EP=#L@4$%$1$E.1RU,1494.B`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`R+C5P="!D;W5B;&4[(%1%6%0M04Q)1TXZ(')I9VAT)SX-"C$L.#@V+#`P M,#PO=&0^#0H\=&0@6QE/3-$)U!! M1$1)3D6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!! M1$1)3D$$P.SPO=&0^#0H\=&0@6QE/3-$)T)/4D1%4BU" M3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U!3$E'3CH@$$P.SPO=&0^#0H\=&0@ M6QE/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L M93L@5$585"U!3$E'3CH@;&5F="<^#0HD/"]T9#X-"CQT9"!S='EL93TS1"=" M3U)$15(M0D]45$]-.B!B;&%C:R`R+C5P="!D;W5B;&4[(%1%6%0M04Q)1TXZ M(')I9VAT)SX-"CDY,RPP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0[(%!!1$1)3D$$P.SPO M=&0^#0H\=&0@6QE M/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U! M3$E'3CH@6QE/3-$)U!!1$1)3D6QE M/3-$)U1%6%0M04Q)1TXZ(&QE9G0[(%!!1$1)3D$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4 M+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M M04Q)1TXZ(')I9VAT)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT M9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D M('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXF(WA!,#L\+W1D/@T*/'1D M('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^ M)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF M(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXF M(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C M>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT9"!S='EL93TS1"=415A4 M+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M M04Q)1TXZ(')I9VAT)SXF(WA!,#L\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^)B-X03`[/"]T9#X-"CQT M9"!S='EL93TS1"=415A4+4%,24=..B!L969T)SXF(WA!,#L\+W1D/@T*/'1D M('-T>6QE/3-$)U1%6%0M04Q)1TXZ(')I9VAT)SXF(WA!,#L\+W1D/@T*/'1D M('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B8C>$$P.SPO=&0^#0H\=&0^ M)B-X03`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`R+C5P="!D;W5B;&4[(%1%6%0M04Q)1TXZ(')I M9VAT)SX-"C$U+#(Y,BPP,#`\+W1D/@T*/'1D('-T>6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0[(%!!1$1)3D$$P.SPO M=&0^#0H\=&0@6QE M/3-$)T)/4D1%4BU"3U143TTZ(&)L86-K(#(N-7!T(&1O=6)L93L@5$585"U! M3$E'3CH@'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA2!O9B!3:6=N:69I M8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S("T@061D:71I;VYA;"!);F9O2!) M;F,\8G(^/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$=&@^2G5N+B`S,"P@ M,C`Q,CQB'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$&5D($%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^,R!Y M96%R65A'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$65E($-O;G1R:6)U=&EO;CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S65E($-O M;G1R:6)U=&EO;CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B M;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]E M8V%B.&4X85\S8F8Q7S0S.#=?864V-U\W,SDQ838V8S8U-3@-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO96-A8CAE.&%?,V)F,5\T,S@W7V%E-C=? M-S,Y,6$V-F,V-34X+U=O'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%]E8V%B.&4X85\S8F8Q7S0S.#=?864V-U\W,SDQ838V8S8U M-3@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO96-A8CAE.&%?,V)F M,5\T,S@W7V%E-C=?-S,Y,6$V-F,V-34X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'1087)T7V5C86(X93AA7S-B9C%? M-#,X-U]A938W7S'0O:F%V87-C3X-"B`@ M("`\=&%B;&4@8VQA2!396=M M96YT'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO M:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]E8V%B.&4X85\S8F8Q7S0S.#=? M864V-U\W,SDQ838V8S8U-3@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O M0SHO96-A8CAE.&%?,V)F,5\T,S@W7V%E-C=?-S,Y,6$V-F,V-34X+U=O'0O:'1M;#L@ M8VAA&UL;G,Z;STS1")U'1087)T7V5C86(X93AA7S-B9C%?-#,X 7-U]A938W7S XML 16 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Reporting
 6 Months Ended
Jun. 30, 2012
Segment Reporting

Note 3 - Segment Reporting

 

         The Company operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes the brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions.  The agent support services segment includes an array of services that the Company provides to its agent network to support and encourage the expansion of the agents’ businesses, primarily financial support through interest bearing long-term loans, sales-type leases (which facilitate the acquisition of trucks by owner-operators), and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance, industry and market segment data, and business analysis tools. Revenue in this segment consists primarily of interest on interest bearing loans and profits and interest earned on sales-type leases.

         

Results of operations by segment for the three and six months ended June 30, 2012 and 2011 as well as total assets as of June 30, 2012 and 2011, are summarized below:

 

    Three months ended June 30, 2012     Three months ended June 30, 2011  
    Transportation
Services		     Agent
Support
Services		     Total     Transportation
Services		     Agent
Support
Services		     Total  
                                                 
Gross revenues   $ 69,033,000     $ 164,000     $ 69,197,000     $ 86,438,000     $ 527,000     $ 86,965,000  
Purchased transportation     55,788,000       -       55,788,000       71,001,000       -       71,001,000  
Purchased equipment for resale     -       69,000       69,000       -       -       -  
Commissions     8,521,000       -       8,521,000       11,711,000       -       11,711,000  
Operating expenses     2,856,000       68,000       2,924,000       2,595,000       66,000       2,661,000  
Income from operations     1,868,000       27,000       1,895,000       1,131,000       461,000       1,592,000  
Interest expense     78,000       -       78,000       122,000       -       122,000  
Income taxes     721,000       11,000       732,000       388,000       177,000       565,000  
Net income   $ 1,069,000     $ 16,000     $ 1,085,000     $ 621,000     $ 284,000     $ 905,000  

 

    Six months ended June 30, 2012     Six months ended June 30, 2011  
    Transportation
Services		     Agent
Support
Services		     Total     Transportation
Services		     Agent
Support
Services		     Total  
                                                 
Gross revenues   $ 130,529,000     $ 467,000     $ 130,996,000     $ 161,381,000     $ 1,063,000     $ 162,444,000  
Purchased transportation     105,062,000       -       105,062,000       132,788,000       -       132,788,000  
Purchased equipment for resale     -       283,000       283,000       -       -       -  
Commissions     16,359,000       -       16,359,000       21,788,000       -       21,788,000  
Operating expenses     5,825,000       136,000       5,961,000       4,905,000       131,000       5,036,000  
Income from operations     3,283,000       48,000       3,331,000       1,900,000       932,000       2,832,000  
Interest expense     172,000       -       172,000       283,000       -       283,000  
Income taxes     1,225,000       19,000       1,244,000       624,000       360,000       984,000  
Net income   $ 1,886,000     $ 29,000     $ 1,915,000     $ 993,000     $ 572,000     $ 1,565,000  
                                                 
Assets   $ 51,759,000     $ 7,556,000     $ 59,315,000     $ 52,719,000     $ 15,292,000     $ 68,011,000  

XML 17 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 131,000 $ 136,000
Accounts receivable, net of allowance for doubtful accounts of $509,000 as of June 30, 2012 and December 31, 2011, respectively 39,238,000 40,658,000
Deferred income taxes   42,000
Prepaid expenses 1,524,000 1,415,000
Current portion of advances and other assets 1,352,000 1,589,000
Total current assets 42,245,000 43,840,000
Fixed assets, net of accumulated depreciation 717,000 647,000
Advances and other assets, net of current portion 6,204,000 4,551,000
Goodwill and other intangibles 10,149,000 10,069,000
Total assets 59,315,000 59,107,000
Current liabilities:    
Accounts payable and accrued liabilities 20,651,000 17,942,000
Loan payable 11,820,000 16,273,000
Commitments and contingencies      
Stockholders' equity:    
Common stock - authorized 100,000,000 shares, $.001 par value; issued and outstanding 34,135,000 and 34,074,000 as of June 30, 2012 and December 31, 2011, respectively 35,000 34,000
Additional paid-in capital 20,411,000 20,375,000
Retained earnings 6,398,000 4,483,000
Total stockholders' equity 26,844,000 24,892,000
Total liabilities and stockholders' equity $ 59,315,000 $ 59,107,000
XML 18 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business and Summary of Significant Accounting Policies
 6 Months Ended
Jun. 30, 2012
Business and Summary of Significant Accounting Policies

Note 1. - Business and Summary of Significant Accounting Policies

 

Business

 

AutoInfo, Inc., through its wholly-owned subsidiaries, Sunteck Transport Group, Inc. and E-Transport Group, Inc. (collectively, the “Company,” “we,” “us,” or “our”), operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes our brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions. The agent support services segment includes an array of services that we provide to our agent network to support and encourage the expansion of our agents’ businesses, primarily financial support through interest bearing long-term loans, sales type leases (which facilitate the acquisition of trucks by owner-operators), and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance industry and market segment data, and business analysis tools. Revenue in this segment consists primarily of interest on interest bearing loans and profits and interest earned on sales-type leases.

 

On July 8, 2011, the Company entered into an Asset Purchase Agreement (the “Acquisition Agreement”) with Eleets Transportation Company, Inc., a Florida corporation (the “Significant Agent”) to acquire substantially all of the operations of the Significant Agent’s truck agent business. This principally consisted of the future revenue stream generated by independent agents, customers and owner-operators already under contract with and operating under the Company’s authorities and licenses, which were managed by the Significant Agent and for which the Significant Agent received 100% of the net revenue earned. The purchase price totaled approximately $10 million and principally consisted of an unconditional release and discharge of the Significant Agent from approximately $9.4 million of indebtedness due to the Company, plus the assumption of certain liabilities.

  

As a non-asset based provider of brokerage and contract carrier transportation services, the Company does not own any equipment and its services are provided through its strategic alliances with less than truckload, truckload, air, rail, ocean common carriers and independent owner-operators to service customers’ needs. The Company’s brokerage and contract carrier services are provided through a network of independent sales agents throughout the United States and Canada. During its most recently completed fiscal year, the Company generated revenue, income from operations and net income of approximately $320.0 million, $6.4 million and $3.6 million, respectively.

 

Summary of Significant Accounting Policies

 

Basis of Presentation

 

The financial statements of the Company have been prepared using the accrual basis of accounting under accounting principles generally accepted in the United States of America (GAAP).

 

The consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the SEC. In management’s opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the results of operations for the interim periods presented. The results of operations for the three and six months ended June 30, 2012 and 2011 are not necessarily indicative of results to be expected for the entire year. Pursuant to SEC rules and regulations, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted from these statements. The consolidated financial statements and notes thereto should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.

 

Principles of Consolidation

 

The consolidated financial statements include the accounts of the AutoInfo, Inc., its wholly-owned subsidiaries, Sunteck Transport Group, Inc. and E-Transport Group, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.

 

Use of Estimates

 

The preparation of these financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets, liabilities and contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the periods presented. The Company believes that all such assumptions are reasonable and that all estimates are adequate, however, actual results could differ from those estimates.

 

Revenue Recognition

 

Gross revenues from transportation services consist of the total dollar value of services purchased by shippers. Revenue is recognized upon delivery of freight, at which time the related transportation cost, including commission, is also recognized. At that time, the Company’s obligations are completed and collection of receivables is reasonably assured. Gross revenues and profits from agent support services consist primarily of interest on interest bearing loans.

 

Accounting Standards Codification Topic 605-45 “Revenue Recognition – Principal Agent Considerations” (ASC 605-45), establishes criteria for recognizing revenues on a gross or net basis. The Company is the primary obligor in its transactions, has all credit risk, maintains substantially all risk and rewards, has discretion in selecting the supplier, and has latitude in pricing decisions. Accordingly, the Company records all transactions at the gross amount, consistent with the provisions of ASC 605-45. 

 

Income on all loans is recognized on the interest method. Accrual of interest is suspended at the earlier of the time at which collection becomes doubtful or the loan becomes delinquent. Interest income on impaired loans is recognized either as cash is collected or on a cost-recovery basis as conditions warrant.

 

Cash and Cash Equivalents

 

Cash and cash equivalents consist of cash in banks.

 

Provision For Doubtful Accounts

 

The Company continuously monitors the creditworthiness of its customers and has established an allowance for amounts that may become uncollectible in the future based on current economic trends, its historical payment and bad debt write-off experience, and any specific customer related collection issues.

 

Fixed Assets

 

Fixed assets as of June 30, 2012 and December 31, 2011, consisting primarily of furniture, fixtures and equipment and computer system development costs, were carried at cost net of accumulated depreciation. Depreciation of fixed assets was provided on the straight-line method over the estimated useful lives of the related assets which range from three to five years.

 

Sales-Type Leases

 

The Company provides lease financing primarily through sales-type leases. The Company records, at the inception of the lease, the aggregate future minimum lease payments, the estimated residual value of the leased equipment and the related unearned income. Unearned income represents the difference between the sum of the future minimum lease payments receivable plus the estimated residual value less the sales price of the underlying equipment. Unearned income is recognized as revenue over the term of the related lease using the interest method. The equipment sale is recognized at the inception of the lease.

 

Intangible Assets

 

Goodwill represents the excess between the purchase price and the fair value of the net assets acquired. Goodwill is not amortized, but is tested at least annually for impairment using a fair value approach. Other intangible assets are primarily comprised of non-competition agreements which are being amortized on a straight-line basis of the estimated useful lives of three years.

 

Employee Benefit Plan

 

In 2008, the Company established a qualified 401(K) plan covering all employees meeting certain minimum requirements. Employees may contribute up to 5% of eligible compensation, as defined, and may make additional contributions subject to Internal Revenue Code limitations. The plan provided for matching contributions by the Company equal to 100% of the employees’ first 3% of elective deferrals and an additional 50% of the next 2% of elective deferrals, subject to a maximum contribution of 4% of an employees’ eligible compensation. In May 2009, the plan was modified to eliminate matching contributions by the Company. In July 2011, the plan was modified to reinstate matching contributions by the Company. 401(K) expense charged to operations for the three and six months ended June 30, 2012 was $4,000 and $10,000, respectively. 

 

Income Per Share

 

Basic income per share is based on net income divided by the weighted average number of common shares outstanding. Common stock equivalents outstanding were 1,641,000 and 1,599,000, and 1,721,000 and 1,655,000, respectively, for the three and six month periods ended June 30, 2012 and 2011, respectively.

 

Income Taxes

 

The Company utilizes the asset and liability method for accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

Segment Information

 

The Company operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes the Company’s brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions. The agent support services segment includes an array of services that the Company provides to its agent network to support and encourage the expansion of the agents’ businesses, primarily financial support through interest bearing long-term loans, sales-type leases (which facilitate the acquisition of trucks by owner-operators) and non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance, industry and market segment data and business analysis tools. Revenue in this segment consists primarily of interest earned on interest bearing loans and profits and interest earned on sales-type leases.
XML 19 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

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

" + text[p] + "

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

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } XML 20 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes
 6 Months Ended
Jun. 30, 2012
Income Taxes

Note 2- Income Taxes

 

For the three and six month periods ended June 30, 2012 and 2011, respectively, the provision for income taxes consisted of the following:

 

    Three Months Ended June 30,  
    2012     2011  
    Current     Deferred     Current     Deferred  
                                 
Income tax expense   $ 732,000     $ -     $ 565,000     $ -  

 

    Six Months Ended June 30,  
    2012     2011  
    Current     Deferred     Current     Deferred  
                                 
Income tax expense   $ 1,202,000     $ 42,000     $ 984,000     $ -  
XML 21 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (Parenthetical) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Accounts receivable, allowance for doubtful accounts $ 509,000 $ 509,000
Common stock, authorized 100,000,000 100,000,000
Common stock, par value $ 0.001 $ 0.001
Common stock, issued 34,135,000 34,074,000
Common stock, outstanding 34,135,000 34,074,000
XML 22 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
 6 Months Ended
Jun. 30, 2012
Aug. 14, 2012
Document Information [Line Items]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Jun. 30, 2012  
Document Fiscal Year Focus 2012  
Document Fiscal Period Focus Q2  
Trading Symbol AUTO  
Entity Registrant Name AUTOINFO INC  
Entity Central Index Key 0000351017  
Current Fiscal Year End Date --12-31  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   34,135,123
XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Gross revenues:        
Revenues $ 69,197,000 $ 86,965,000 $ 130,996,000 $ 162,444,000
Purchased transportation 55,788,000 71,001,000 105,062,000 132,788,000
Purchased equipment for resale 69,000   283,000  
Commissions 8,521,000 11,711,000 16,359,000 21,788,000
Operating expenses 2,924,000 2,661,000 5,961,000 5,036,000
Costs and Expenses, Total 67,302,000 85,373,000 127,665,000 159,612,000
Income from operations 1,895,000 1,592,000 3,331,000 2,832,000
Interest expense 78,000 122,000 172,000 283,000
Income before income taxes 1,817,000 1,470,000 3,159,000 2,549,000
Income taxes (Note 2) 732,000 565,000 1,244,000 984,000
Net income 1,085,000 905,000 1,915,000 1,565,000
Net income per share:        
Basic $ 0.03 $ 0.03 $ 0.06 $ 0.05
Diluted $ 0.03 $ 0.03 $ 0.05 $ 0.04
Weighted average number of common shares:        
Basic 34,135,000 33,916,000 34,133,000 33,760,000
Diluted 35,776,000 35,515,000 35,854,000 35,415,000
Transportation services
        
Gross revenues:        
Revenues 69,033,000 86,438,000 130,529,000 161,381,000
Purchased transportation 55,788,000 71,001,000 105,062,000 132,788,000
Commissions 8,521,000 11,711,000 16,359,000 21,788,000
Operating expenses 2,856,000 2,595,000 5,825,000 4,905,000
Income from operations 1,868,000 1,131,000 3,283,000 1,900,000
Interest expense 78,000 122,000 172,000 283,000
Income taxes (Note 2) 721,000 388,000 1,225,000 624,000
Net income 1,069,000 621,000 1,886,000 993,000
Agent support services
        
Gross revenues:        
Revenues 164,000 527,000 467,000 1,063,000
Purchased equipment for resale 69,000   283,000  
Operating expenses 68,000 66,000 136,000 131,000
Income from operations 27,000 461,000 48,000 932,000
Income taxes (Note 2) 11,000 177,000 19,000 360,000
Net income $ 16,000 $ 284,000 $ 29,000 $ 572,000
XML 24 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business and Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)
 3 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Jun. 30, 2012
First Three Percent Of Contributions On Defined Contribution Plan
Jun. 30, 2012
Next Two Percent Of Contributions On Defined Contribution Plan
Jun. 30, 2012
Defined Contribution 401 K Plan
Jun. 30, 2012
Defined Contribution 401 K Plan
Jun. 30, 2012
Noncompete Agreements
Year
Jul. 08, 2011
Eleets Transportation Company Inc
Jun. 30, 2012
Common Stock Equivalents
Jun. 30, 2011
Common Stock Equivalents
Jun. 30, 2012
Common Stock Equivalents
Jun. 30, 2011
Common Stock Equivalents
Jun. 30, 2012
Minimum
Jun. 30, 2012
Maximum
Significant Accounting Policies [Line Items]                                  
Percentage of revenue earned                     100.00%            
Business Acquisition Purchase Price Allocation Assets Acquired                     $ 10,000,000            
Business Acquisition Purchase Price Allocation Liabilities Assumed of Certain Liabilities                     9,400,000            
Revenue 69,197,000 86,965,000 130,996,000 162,444,000 320,000,000                        
Income from operations 1,895,000 1,592,000 3,331,000 2,832,000 6,400,000                        
Net income 1,085,000 905,000 1,915,000 1,565,000 3,600,000                        
Estimated Useful lives of Fixed Assets                               3 years 5 years
Estimated Useful Life of Other Intangible Assets                   3              
Defined Benefit Plan Employee Contribution Percentage     5.00%                            
Defined Benefit Plan Employer Matching Percent of Employee Contribution           100.00% 50.00%                    
Defined Benefit Plan Maximum Percentage of Employee Contribution     4.00%                            
401(K) expenses charged to Operations $ 2,924,000 $ 2,661,000 $ 5,961,000 $ 5,036,000       $ 4,000 $ 10,000                
Common stock Shares Outstanding 34,135,000 33,916,000 34,133,000 33,760,000               1,641,000 1,721,000 1,599,000 1,655,000    
XML 25 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2012
Results of Operations by Segment

Results of operations by segment for the three and six months ended June 30, 2012 and 2011 as well as total assets as of June 30, 2012 and 2011, are summarized below:

 

    Three months ended June 30, 2012     Three months ended June 30, 2011  
    Transportation
Services		     Agent
Support
Services		     Total     Transportation
Services		     Agent
Support
Services		     Total  
                                                 
Gross revenues   $ 69,033,000     $ 164,000     $ 69,197,000     $ 86,438,000     $ 527,000     $ 86,965,000  
Purchased transportation     55,788,000       -       55,788,000       71,001,000       -       71,001,000  
Purchased equipment for resale     -       69,000       69,000       -       -       -  
Commissions     8,521,000       -       8,521,000       11,711,000       -       11,711,000  
Operating expenses     2,856,000       68,000       2,924,000       2,595,000       66,000       2,661,000  
Income from operations     1,868,000       27,000       1,895,000       1,131,000       461,000       1,592,000  
Interest expense     78,000       -       78,000       122,000       -       122,000  
Income taxes     721,000       11,000       732,000       388,000       177,000       565,000  
Net income   $ 1,069,000     $ 16,000     $ 1,085,000     $ 621,000     $ 284,000     $ 905,000  

 

    Six months ended June 30, 2012     Six months ended June 30, 2011  
    Transportation
Services		     Agent
Support
Services		     Total     Transportation
Services		     Agent
Support
Services		     Total  
                                                 
Gross revenues   $ 130,529,000     $ 467,000     $ 130,996,000     $ 161,381,000     $ 1,063,000     $ 162,444,000  
Purchased transportation     105,062,000       -       105,062,000       132,788,000       -       132,788,000  
Purchased equipment for resale     -       283,000       283,000       -       -       -  
Commissions     16,359,000       -       16,359,000       21,788,000       -       21,788,000  
Operating expenses     5,825,000       136,000       5,961,000       4,905,000       131,000       5,036,000  
Income from operations     3,283,000       48,000       3,331,000       1,900,000       932,000       2,832,000  
Interest expense     172,000       -       172,000       283,000       -       283,000  
Income taxes     1,225,000       19,000       1,244,000       624,000       360,000       984,000  
Net income   $ 1,886,000     $ 29,000     $ 1,915,000     $ 993,000     $ 572,000     $ 1,565,000  
                                                 
Assets   $ 51,759,000     $ 7,556,000     $ 59,315,000     $ 52,719,000     $ 15,292,000     $ 68,011,000  
XML 26 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Result of Operations by Segments (Detail) (USD $)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Segment Reporting Information [Line Items]          
Gross revenues $ 69,197,000 $ 86,965,000 $ 130,996,000 $ 162,444,000 $ 320,000,000
Purchased transportation 55,788,000 71,001,000 105,062,000 132,788,000  
Purchased equipment for resale 69,000   283,000    
Commissions 8,521,000 11,711,000 16,359,000 21,788,000  
Operating expenses 2,924,000 2,661,000 5,961,000 5,036,000  
Income from operations 1,895,000 1,592,000 3,331,000 2,832,000 6,400,000
Interest expense 78,000 122,000 172,000 283,000  
Income taxes 732,000 565,000 1,244,000 984,000  
Net income 1,085,000 905,000 1,915,000 1,565,000 3,600,000
Assets 59,315,000 68,011,000 59,315,000 68,011,000 59,107,000
Transportation services
          
Segment Reporting Information [Line Items]          
Gross revenues 69,033,000 86,438,000 130,529,000 161,381,000  
Purchased transportation 55,788,000 71,001,000 105,062,000 132,788,000  
Commissions 8,521,000 11,711,000 16,359,000 21,788,000  
Operating expenses 2,856,000 2,595,000 5,825,000 4,905,000  
Income from operations 1,868,000 1,131,000 3,283,000 1,900,000  
Interest expense 78,000 122,000 172,000 283,000  
Income taxes 721,000 388,000 1,225,000 624,000  
Net income 1,069,000 621,000 1,886,000 993,000  
Assets 51,759,000 52,719,000 51,759,000 52,719,000  
Agent support services
          
Segment Reporting Information [Line Items]          
Gross revenues 164,000 527,000 467,000 1,063,000  
Purchased equipment for resale 69,000   283,000    
Operating expenses 68,000 66,000 136,000 131,000  
Income from operations 27,000 461,000 48,000 932,000  
Income taxes 11,000 177,000 19,000 360,000  
Net income 16,000 284,000 29,000 572,000  
Assets $ 7,556,000 $ 15,292,000 $ 7,556,000 $ 15,292,000  
XML 27 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Components of Income Tax Expense Benefit (Detail) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Components Of Income Tax Expense Benefit [Line Items]        
Current $ 732,000 $ 565,000 $ 1,202,000 $ 984,000
Deferred     $ 42,000  
XML 28 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Reporting - Additional Information (Detail)
 6 Months Ended
Jun. 30, 2012
Segment
Segment Reporting Information [Line Items]  
Number of operating business segments 2
XML 29 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 1,915,000 $ 1,565,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Change in allowance for doubtful accounts   449,000
Depreciation and amortization 127,000 104,000
Stock-based compensation expense 37,000 65,000
Deferred income taxes 42,000  
Changes in operating assets and liabilities:    
Accounts receivable 1,421,000 (796,000)
Prepaid expenses (110,000) (396,000)
Accounts payable and accrued liabilities 2,710,000 3,039,000
Net cash provided by operating activities 6,142,000 4,030,000
Cash flows from investing activities:    
Advances and other assets (1,497,000) (370,000)
Capital expenditures (198,000) (215,000)
Net cash (used in) investing activities (1,695,000) (585,000)
Cash flows from financing activities:    
Exercise of stock options   18,000
Decrease in loan payable, net (4,452,000) (3,404,000)
Net cash (used in) financing activities (4,452,000) (3,386,000)
Net change in cash and cash equivalents (5,000) 59,000
Cash and cash equivalents, beginning of period 136,000 316,000
Cash and cash equivalents, end of period $ 131,000 $ 375,000
XML 30 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2012
Provision for Income Taxes

For the three and six month periods ended June 30, 2012 and 2011, respectively, the provision for income taxes consisted of the following:

 

    Three Months Ended June 30,  
    2012     2011  
    Current     Deferred     Current     Deferred  
                                 
Income tax expense   $ 732,000     $ -     $ 565,000     $ -  

 

    Six Months Ended June 30,  
    2012     2011  
    Current     Deferred     Current     Deferred  
                                 
Income tax expense   $ 1,202,000     $ 42,000     $ 984,000     $ -  
XML 31 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 35 92 1 false 10 0 false 6 false false R1.htm 101 - Document - Document and Entity Information Sheet http://www.suntecktransport.com/taxonomy/role/DocumentDocumentandEntityInformation Document and Entity Information true false R2.htm 103 - Statement - Consolidated Balance Sheets Sheet http://www.suntecktransport.com/taxonomy/role/StatementOfFinancialPositionClassified Consolidated Balance Sheets false false R3.htm 104 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://www.suntecktransport.com/taxonomy/role/StatementOfFinancialPositionClassifiedParenthetical Consolidated Balance Sheets (Parenthetical) false false R4.htm 105 - Statement - Consolidated Statements of Income Sheet http://www.suntecktransport.com/taxonomy/role/StatementOfIncomeAlternative Consolidated Statements of Income false false R5.htm 106 - Statement - Consolidated Statements of Cash Flows Sheet http://www.suntecktransport.com/taxonomy/role/StatementOfCashFlowsIndirect Consolidated Statements of Cash Flows false false R6.htm 107 - Disclosure - Business and Summary of Significant Accounting Policies Sheet http://www.suntecktransport.com/taxonomy/role/NotesToFinancialStatementsBusinessDescriptionAndAccountingPoliciesTextBlock Business and Summary of Significant Accounting Policies false false R7.htm 108 - Disclosure - Income Taxes Sheet http://www.suntecktransport.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlock Income Taxes false false R8.htm 109 - Disclosure - Segment Reporting Sheet http://www.suntecktransport.com/taxonomy/role/NotesToFinancialStatementsSegmentReportingDisclosureTextBlock Segment Reporting false false R9.htm 110 - Disclosure - Business and Summary of Significant Accounting Policies (Policies) Sheet http://www.suntecktransport.com/taxonomy/role/NotesToFinancialStatementsBusinessDescriptionAndAccountingPoliciesTextBlockPolicies Business and Summary of Significant Accounting Policies (Policies) false false R10.htm 111 - Disclosure - Income Taxes (Tables) Sheet http://www.suntecktransport.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlockTables Income Taxes (Tables) false false R11.htm 112 - Disclosure - Segment Reporting (Tables) Sheet http://www.suntecktransport.com/taxonomy/role/NotesToFinancialStatementsSegmentReportingDisclosureTextBlockTables Segment Reporting (Tables) false false R12.htm 113 - Disclosure - Business and Summary of Significant Accounting Policies - Additional Information (Detail) Sheet http://www.suntecktransport.com/taxonomy/role/DisclosureBusinessAndSummaryOfSignificantAccountingPoliciesAdditionalInformation Business and Summary of Significant Accounting Policies - Additional Information (Detail) false false R13.htm 114 - Disclosure - Components of Income Tax Expense Benefit (Detail) Sheet http://www.suntecktransport.com/taxonomy/role/DisclosureComponentsOfIncomeTaxExpenseBenefit Components of Income Tax Expense Benefit (Detail) false false R14.htm 115 - Disclosure - Segment Reporting - Additional Information (Detail) Sheet http://www.suntecktransport.com/taxonomy/role/DisclosureSegmentReportingAdditionalInformation Segment Reporting - Additional Information (Detail) false false R15.htm 116 - Disclosure - Result of Operations by Segments (Detail) Sheet http://www.suntecktransport.com/taxonomy/role/DisclosureResultOfOperationsBySegments Result of Operations by Segments (Detail) false false All Reports Book All Reports 'Monetary' elements on report '113 - Disclosure - Business and Summary of Significant Accounting Policies - Additional Information (Detail)' had a mix of different decimal attribute values. Process Flow-Through: 103 - Statement - Consolidated Balance Sheets Process Flow-Through: Removing column 'Jun. 30, 2011' Process Flow-Through: Removing column 'Dec. 31, 2010' Process Flow-Through: 104 - Statement - Consolidated Balance Sheets (Parenthetical) Process Flow-Through: 105 - Statement - Consolidated Statements of Income Process Flow-Through: Removing column '12 Months Ended Dec. 31, 2011' Process Flow-Through: 106 - Statement - Consolidated Statements of Cash Flows Process Flow-Through: Removing column '12 Months Ended Dec. 31, 2011' auto-20120630.xml auto-20120630.xsd auto-20120630_cal.xml auto-20120630_def.xml auto-20120630_lab.xml auto-20120630_pre.xml true true