-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BJHyPso3G60wQc1QutINaB66C7eP655bgEGgZvIxgvNycvP0TQogso71dq6wwAr2 5zrHOp7ZBLNaL1pmllwUAg== 0000950110-97-001412.txt : 19971010 0000950110-97-001412.hdr.sgml : 19971010 ACCESSION NUMBER: 0000950110-97-001412 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19970830 FILED AS OF DATE: 19971009 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYMS CORP CENTRAL INDEX KEY: 0000724742 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 222465228 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0301 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 001-08546 FILM NUMBER: 97693264 BUSINESS ADDRESS: STREET 1: SYMS WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 BUSINESS PHONE: 2019029600 MAIL ADDRESS: STREET 1: SYMS WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 10-Q 1 FORM 10-Q ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------- FORM 10-Q -------------- (MARK ONE) [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Period Ended AUGUST 30, 1997 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period From_____________ to _____________ COMMISSION FILE NUMBER 1-8546 SYMS CORP ------------------------------------------------------ (Exact name of registrant as specified in its charter) NEW JERSEY 22-2465228 - -------------------------------- ------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) SYMS WAY, SECAUCUS, NEW JERSEY 07094 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) (201) 902-9600 ---------------------------------------------------- (Registrant's telephone number, including area code) NOT APPLICABLE -------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether 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 periods 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 --- --- At September 29, 1997 the latest practicable date, there were 17,786,640 shares outstanding of Common Stock, par value $0.05 per share. ============================================================================== INDEX PAGE NO. -------- PART I. FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited) Condensed Consolidated Balance Sheets as of August 30, 1997, March 1, 1997 and August 31, 1996 1 Condensed Consolidated Statements of Income for the Thirteen Weeks and Twenty-Six Weeks Ended August 30, 1997 and August 31, 1996 2 Condensed Consolidated Statements of Cash Flows for the Twenty-Six Weeks Ended August 30, 1997 and August 31, 1996 3 Notes to Condensed Consolidated Financial Statements 4 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 5-7 PART II. OTHER INFORMATION 8 Item 4. Submission of Matters to a Vote of Security Holders Item 6. Exhibits and Reports on Form 8-K SIGNATURES 9 ----------------------------- SYMS CORP AND SUBSIDIARIES ----------------------------- CONDENSED CONSOLIDATED BALANCE SHEETS - -------------------------------------------------------------------------------- (IN THOUSANDS)
AUGUST 30, MARCH 1, AUGUST 31, 1997 1997 1996 --------------- ------------- --------------- (UNAUDITED) (NOTE) (UNAUDITED) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 3,203 $ 3,344 $ 6,744 Merchandise inventories 139,068 122,540 128,867 Deferred income taxes 5,170 6,639 5,977 Prepaid expenses and other current assets 6,647 1,756 3,501 -------- -------- -------- TOTAL CURRENT ASSETS 154,088 134,279 145,089 PROPERTY AND EQUIPMENT - Net of accumulated depreciation and amortization 145,266 142,741 137,870 DEFERRED INCOME TAXES 222 197 686 OTHER ASSETS - Net of accumulated amortization 6,538 6,801 5,457 -------- -------- -------- TOTAL ASSETS $306,114 $284,018 $289,102 ======== ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 37,155 $ 28,723 $ 49,748 Accrued expenses 11,508 11,055 9,734 Obligations to customers 4,174 5,085 4,313 Income taxes payable 3,308 5,833 3,598 Short term borrowings 13,400 4,950 6,900 Current portion of obligations under capital lease 441 405 371 -------- -------- -------- TOTAL CURRENT LIABILITIES 69,986 56,051 74,664 -------- -------- -------- OBLIGATIONS UNDER CAPITAL LEASE 670 900 1,111 -------- -------- -------- DEFERRED INCOME TAXES -- -- 667 -------- -------- -------- OTHER LONG TERM LIABILITIES 801 633 469 -------- -------- -------- COMMITMENTS SHAREHOLDERS' EQUITY Preferred stock, par value; $100 per share. Authorized 1,000 shares; none outstanding -- -- -- Common stock, par value; $0.05 per share. Authorized 30,000 shares; 17,776 outstanding as of August 30, 1997, and 17,694 outstanding as of March 1, 1997 and August 31, 1996 889 885 885 Additional paid-in capital 12,432 11,709 11,709 Retained earnings 221,336 213,840 199,597 -------- -------- -------- TOTAL SHAREHOLDERS' EQUITY 234,657 226,434 212,191 -------- -------- -------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $306,114 $284,018 $289,102 ======== ======== ========
NOTE: The balance sheet at March 1, 1997 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. See notes to condensed consolidated financial statements 1 ------------------------------ SYMS CORP AND SUBSIDIARIES ------------------------------ CONDENSED STATEMENTS OF INCOME - -------------------------------------------------------------------------------- (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED ------------------------- ------------------------ AUGUST 30, AUGUST 31, AUGUST 30, AUGUST 31, 1997 1996 1997 1996 ---- ---- ---- ---- (UNAUDITED) (UNAUDITED) Net Sales $78,589 $75,128 $164,239 $158,505 Cost of goods sold 48,318 48,995 99,795 101,916 ------- ------- -------- -------- Gross profit 30,271 26,133 64,444 56,589 Expenses: Selling, general and administrative 17,984 17,599 35,376 34,623 Advertising 1,065 474 3,900 2,883 Occupancy 4,134 3,508 7,930 6,683 Depreciation and amortization 2,140 1,949 4,290 3,830 ------- ------- -------- -------- Income from operations 4,948 2,603 12,948 8,570 Interest expense - net 166 53 241 36 ------- ------- -------- -------- Income before income taxes 4,782 2,550 12,707 8,534 Provision for income taxes 1,961 1,109 5,211 3,712 ------- ------- -------- -------- Net income $ 2,821 $ 1,441 $ 7,496 $ 4,822 ======= ======= ======== ======== Net income per share 0.16 0.08 0.42 0.27 ======= ======= ======== ======== Weighted average shares outstanding 17,761 17,694 17,739 17,694 ======= ======= ======== ========
See notes to condensed consolidated financial statements 2 ------------------------------ SYMS CORP AND SUBSIDIARIES ------------------------------ CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - -------------------------------------------------------------------------------- (IN THOUSANDS)
TWENTY-SIX WEEKS ENDED ---------------------- AUGUST 30, AUGUST 31, 1997 1996 ---------- ---------- (Unaudited) CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 7,496 $ 4,822 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 4,290 3,830 Deferred income taxes 1,444 (710) (Gain) on sale of property and equipment (8) (37) Loss on disposal of assets -- 244 (Increase) decrease in operating assets: Merchandise inventories (16,528) (15,913) Prepaid expenses and other current assets (4,891) 20 Other assets 237 (1,048) Increase (decrease) in operating liabilities: Accounts payable 8,432 18,848 Accrued expenses 453 (184) Obligations to customers (911) (177) Other long term liabilities 168 232 Income taxes (2,525) (2,053) -------- -------- Net cash (used in) provided by operating activities (2,343) 7,874 -------- -------- CASH FLOWS FROM INVESTING ACTIVITIES: Expenditures for property and equipment (6,792) (12,716) Proceeds from sale of property and equipment 11 44 -------- -------- Net cash used in investing activities (6,781) (12,672) -------- -------- CASH FLOWS FROM FINANCING ACTIVITIES: Repayments of obligations under capital lease (194) (162) Revolving line of credit borrowings - net 8,450 6,900 Proceeds from exercise of stock options 727 -- -------- -------- Net cash provided by financing activities 8,983 6,738 -------- -------- NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (141) 1,940 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 3,344 4,804 -------- -------- CASH AND CASH EQUIVALENTS, END OF PERIOD $ 3,203 $ 6,744 ======== ======== SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid during the period for: Interest (net of amount capitalized) $ 169 57 ======== ======== Income taxes paid - net $ 10,846 $ 3,977 ======== ========
See notes to condensed consolidated financial statements 3 ----------------------------- SYMS CORP AND SUBSIDIARIES ----------------------------- NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS THIRTEEN AND TWENTY-SIX WEEKS ENDED AUGUST 30, 1997 AND AUGUST 31, 1996 - -------------------------------------------------------------------------------- (UNAUDITED) NOTE 1 - THE COMPANY Syms Corp (the "Company") operates a chain of forty "off-price" retail stores located throughout the Northeastern and Middle Atlantic regions and in the Midwest, Southeast and Southwest. Each store offers a broad range of first quality, in season merchandise bearing nationally recognized designer or brand-name labels for men, women and children. NOTE 2 - BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the thirteen and twenty-six week periods ended August 30, 1997 are not necessarily indicative of the results that may be expected for the entire fiscal year ending February 28, 1998. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's annual report on Form 10-K for the fiscal year ended March 1, 1997. NOTE 3 - ACCOUNTING PERIOD The Company maintains its records on the basis of a 52-53 week fiscal year ending the Saturday closest to the end of February. The fiscal year ending February 28, 1998 and March 1, 1997 are both comprised of 52 weeks. NOTE 4 - MERCHANDISE INVENTORIES Merchandise inventories are stated at the lower of cost (first in, first out) or market, as determined by the retail inventory method. NOTE 5 - BANK CREDIT FACILITIES The Company has an unsecured revolving credit agreement with a bank for a line of credit not to exceed $40,000,000 through December 1, 1997. Interest on individual advances is payable quarterly at 1 1/2% per annum below the bank's base rate, except that at the time of advance, the Company has the option to select an interest rate based upon one of two other alternative calculations, with such rate to be fixed for a period not to exceed 90 days. The Company anticipates it will renew this facility for another three years for the same amount and the same terms, conditions and covenants. The average interest rate on short term borrowings was 6.13% at August 30, 1997. The average daily unused portion is subject to a commitment fee of 1/8 of 1% per annum. The Company had outstanding borrowings of $13,400,000, $4,950,000, and $6,900,000 as of August 30, 1997, March 1, 1997 and August 31, 1996, respectively. The agreement contains financial covenants, with respect to consolidated tangible net worth, as defined, working capital and maximum capital expenditures, including dividends, as well as other financial ratios. In addition, the Company has a separate $10,000,000 credit facility with another bank available for the issuance of letters of credit for the purchase of merchandise. This agreement may be cancelled at any time by either party. At August 30, 1997, March 1, 1997 and August 31, 1996 the Company had $7,436,000, $6,094,000 and $7,896,000, respectively, in outstanding letters of credit. 4 ----------------------------- SYMS CORP AND SUBSIDIARIES ----------------------------- ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - -------------------------------------------------------------------------------- RESULTS OF OPERATIONS Thirteen and Twenty-Six Weeks Ended August 30, 1997 Compared to Thirteen and Twenty-Six Weeks Ended August 31, 1996 Net sales of $78,589,000 for the thirteen weeks ended August 30, 1997 increased $3,461,000 (4.6%) as compared to net sales of $75,128,000 for the thirteen weeks ended August 31, 1996. For the twenty-six weeks ended August 30, 1997 net sales increased $5,734,000 (3.6%) to $164,239,000 as compared to net sales of $158,505,000 for the twenty-six weeks ended August 31, 1996. Comparable store sales decreased 0.9% for the thirteen weeks and 2.2% for the twenty-six weeks ended August 30, 1997 from the 1996 period. The 3.6% increase in net sales for the twenty-six week period was, for the most part, the result of the opening of the Park Avenue store located in New York City. Gross profit for the thirteen weeks ended August 30, 1997 was $30,271,000, an increase of $4,138,000 (15.8%) as compared to $26,133,000 for the fiscal period ended August 31, 1996. Gross profit for the twenty-six weeks ended August 30, 1997 was $64,444,000, an increase of $7,855,000 (13.9%) as compared to $56,589,000 for the fiscal period ended August 31, 1996. This increase resulted mainly from increased net sales of $5,734,000 and the Company's gross margin increasing to 39.2% from 35.7%. The 3.5% improvement in gross margin resulted primarily from increased levels of opportunistic and in-season purchases which created better values for the Company's customers and lower markdowns. Selling, general and administrative expense increased $385,000 to $17,984,000 (22.9% as a percentage of net sales) for the thirteen weeks ended August 30, 1997 as compared to $17,599,000 (23.4% as a percentage of net sales) for the thirteen weeks ended August 31, 1996. Selling, general and administrative expense increased $753,000 to $35,376,000 (21.5% as a percentage of net sales) for the twenty-six weeks ended August 30, 1997 as compared to $34,623,000 (21.8% as a percentage of net sales) for the twenty-six weeks ended August 31, 1996. Advertising expense for the thirteen weeks ended August 30, 1997 increased to $1,065,000 (1.4% as a percent of total net sales), as compared to $474,000 (.6% as a percent of total net sales) in the thirteen week period ended August 31, 1996. Advertising expense for the twenty-six weeks ended August 30, 1997 increased to $3,900,000 (2.4% as a percent of total net sales), as compared to $2,883,000 (1.8% as a precent of total net sales) in the twenty-six week period ended August 31, 1996, resulting from a commitment to expand the Company's advertising effort through radio and direct mail advertising during the thirteen weeks ended August 30, 1997 and an increase of TV in single store markets during the first thirteen weeks of this fiscal period. In addition, the Company advertised its August BASH event in the newspaper for the first time. Occupancy costs were $4,134,000 (5.3% as a percentage of net sales) for the thirteen week period ended August 30, 1997, up from $3,508,000 (4.7% as a percentage of net sales) for the thirteen week period ended August 31, 1996. Occupancy costs were $7,930,000 (4.8% as a percentage of net sales) for the twenty-six week period ended August 30, 1997, up from $6,683,000 (4.2% as a percentage of net sales) for the period ended August 31, 1996. These increases in the thirteen and twenty-six week periods resulted mainly from the addition of the Park Avenue store. Depreciation and amortization for the thirteen weeks ended August 30, 1997 amounted to $2,140,000, an increase of $191,000 as compared to $1,949,000 for the thirteen weeks ended August 31, 1996. Depreciation and amortization for the twenty-six weeks ended August 30, 1997 amounted to $4,290,000, an increase of $460,000 as compared to $3,830,000 for the twenty-six weeks ended August 31, 1996. 5 ----------------------------- SYMS CORP AND SUBSIDIARIES ----------------------------- This increase in the thirteen and twenty-six week periods resulted mainly from the addition of the Park Avenue store. Income before income taxes for the thirteen weeks ended August 30, 1997 of $4,782,000 increased $2,232,000 as compared to $2,550,000 for the thirteen weeks ended August 31, 1996. Income before income taxes for the twenty-six weeks ended August 30, 1997 of $12,707,000 increased $4,173,000 as compared to $8,534,000 for the twenty-six weeks ended August 31, 1996. As discussed above, the increase in income before income taxes reflects for the most part higher gross profit, offset somewhat by increased selling, general and administrative, advertising and occupancy expenses. For the thirteen and twenty-six week periods ended August 30, 1997 the effective income tax rate was 41.0% as compared to 43.5% last year. Last year's rate was adversely affected by additional tax provisions for certain states. LIQUIDITY AND CAPITAL RESOURCES Working capital at August 30, 1997 was $84,102,000, an increase of $13,677,000 from $70,425,000 as of August 31, 1996, and the ratio of current assets to current liabilities improved to 2.20 to 1 as compared to 1.94 to 1 at August 31, 1996. Net cash used by operating activities totaled $2,343,000 for the twenty-six weeks ended August 30, 1997 a decrease of $10,217,000 as compared to $7,874,000 provided by operating activities for the twenty-six weeks ended August 31, 1996. Net income for 1997 amounted to $7,496,000 as compared to $4,822,000 in 1996, an increase of $2,674,000. In the twenty-six week period ended August 30, 1997, net cash used in operating activities was mainly used to increase inventory by $16,528,000, offset by an increase in accounts payable of $8,432,000. Net cash used in investing activities was $6,781,000 and $12,672,000 for the twenty-six weeks ended August 30, 1997 and August 31, 1996, respectively. Net cash provided by financing activities was $8,983,000 for the twenty-six weeks ended August 30, 1997, compared to $6,738,000 in 1996. Both increases resulted from an increase in revolving line of credit borrowings amounting to $8,450,000 in 1997 and 6,900,000 in 1996. As of August 30, 1997 and August 31, 1996, the Company had net borrowings of $13,400,000 and $6,900,000, respectively, under its revolving credit agreement. The Company has a revolving credit agreement with a bank for a line of credit not to exceed $40,000,000 through December 1, 1997. At December 1, 1997 the Company has the option to reduce this commitment to zero or convert the revolving credit agreement to a term loan with a maturity date of December 1, 2000. The Company anticipates it will renew this facility for another three years for the same amount and the same terms, conditions and covenants. Except for funds provided from this credit agreement, the Company has satisfied its operating and capital expenditure requirements, including those for the opening and expansion of stores, from internally generated funds. For the twenty-six weeks ended August 30, 1997 average borrowings under the revolving credit agreement were $3,818,000 with a weighted average interest rate of 6.26%. For the twenty-six weeks ended August 31, 1996 average borrowings under the revolving credit agreement were $1,214,000 with a weighted average interest rate of 6.40%. The Company has planned capital expenditures of approximately $12,000,000 for the fiscal year ending February 28, 1998, which includes plans to open one new store, and to relocate one store from a leased location to a Company built store. Through the twenty-six week period ended August 30, 1997 the Company has incurred $6,792,000 of capital expenditures relating to the $12,000,000. 6 ----------------------------- SYMS CORP AND SUBSIDIARIES ----------------------------- Management believes that existing cash, internally generated funds, trade credit and funds available from the revolving credit agreement will be sufficient for working capital and capital expenditure requirements for the fiscal year ending February 28, 1998. IMPACT OF INFLATION AND CHANGING PRICES Although the Company cannot accurately determine the precise effect of inflation on its operations, it does not believe inflation has had a material effect on sales or results of operations. 7 ----------------------------- SYMS CORP AND SUBSIDIARIES ----------------------------- PART II. OTHER INFORMATION - -------------------------------------------------------------------------------- Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS (a)The 1997 Annual Meeting of Stockholders of the Company was held on August 7, 1997. (b)The following eight persons were elected as directors at the meeting pursuant to the following vote: For Withhold --- -------- Sy Syms 15,631,621 19,580 Marcy Syms 15,633,621 17,580 Antone F. Moreira 15,633,321 17,880 Wilbur L. Ross, Jr. 15,633,321 17,880 Harvey Weinberg 15,633,321 17,880 Philip G. Barach 15,633,321 17,880 David A. Messer 15,633,321 17,880 Stephen A. Merns 15,633,621 17,580 In the approval of the appointment of Deloitte & Touche LLP as the independent accountants of the Company, the vote was as follows: For: 15,641,655 Against: 2,451 Abstain: 7,095 First Stockholder Proposal 283,534 votes were cast for, 14,861,462 votes were cast against and 311,590 votes abstained with respect to the first stockholder proposal. Second Stockholder Proposal 374,358 votes were cast for, 14,203,650 votes were cast against and 311,510 votes abstained with respect to the second stockholder proposal. Item 6. EXHIBITS AND REPORTS ON FORM 8-K (a) Exhibit 11 - Statement re: Computation of Per Share Earnings (b) Exhibit 27 - Financial Data Schedule (c) Reports on Form 8-K - During the quarter ended August 30, 1997 no reports on Form 8-K were filed. 8 ----------------------------- SYMS CORP AND SUBSIDIARIES ----------------------------- 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. SYMS CORP DATE: OCTOBER 8, 1997 BY /s/ SY SYMS --------------------------------- SY SYMS CHIEF EXECUTIVE OFFICER BY /s/ ANTONE F. MOREIRA ---------------------------------- ANTONE F. MOREIRA VICE PRESIDENT CHIEF FINANCIAL OFFICER 9 EX-11 2 STATEMENT RE COMPUTATION STATEMENT RE COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED ----------------------- ----------------------- AUGUST 30, AUGUST 31, AUGUST 30, AUGUST 31, 1997 1996 1997 1996 (in thousands) Average shares outstanding 17,726 17,694 17,710 17,694 Net effect of dilutive stock options based on the treasury stock method using average market price 35 -- 29 -- Total 17,761 17,694 17,739 17,694 ======= ======= ======= ======= Net income available to common shares $ 2,821 $ 1,441 $ 7,496 $ 4,822 ======= ======= ======= ======= Earnings per share $ 0.16 $ 0.08 $ 0.42 $ 0.27 ======= ======= ======= ======= EX-27 3 FDS, SYMS CORP.
5 6-MOS FEB-28-1998 AUG-30-1997 3,203 0 0 0 139,068 154,088 221,327 76,061 306,114 69,986 670 0 0 889 233,768 306,114 164,239 164,239 99,795 99,795 0 0 241 12,707 5,211 7,496 0 0 0 7,496 0.42 0.42
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