-----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, TEXbfE6onNvwiEA7l/XXUoBcOm0Cic9RYIoCXQV4a2u4N0wEG3vFkRmFVLCOveuw 2nG3VWcNeIlNdLlJbIOEYg== 0000950152-97-000729.txt : 19970221 0000950152-97-000729.hdr.sgml : 19970221 ACCESSION NUMBER: 0000950152-97-000729 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970210 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: LSI INDUSTRIES INC CENTRAL INDEX KEY: 0000763532 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640] IRS NUMBER: 310888951 STATE OF INCORPORATION: OH FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-13375 FILM NUMBER: 97522138 BUSINESS ADDRESS: STREET 1: 10000 ALLIANCE RD STREET 2: P O BOX 42728 CITY: CINCINNATI STATE: OH ZIP: 45242 BUSINESS PHONE: 5135796411 MAIL ADDRESS: STREET 1: 10000 ALLIANCE RD STREET 2: P O BOX 42728 CITY: CINCINNATI STATE: OH ZIP: 45242 FORMER COMPANY: FORMER CONFORMED NAME: LSI LIGHTING SYSTEMS INC DATE OF NAME CHANGE: 19891121 10-Q 1 LSI INDUSTRIES 1 FORM 10-Q --------- SECURITIES AND EXCHANGE COMMISSION ---------------------------------- WASHINGTON, D.C. 20549 ---------------------- X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE - ------ SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 1996. - ------ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ________________ TO ________________. Commission File No. 0-13375 LSI Industries Inc. State of Incorporation - Ohio IRS Employer I.D. No. 31-0888951 10000 Alliance Road Cincinnati, Ohio 45242 (513) 793-3200 Indicate by checkmark 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, and (2) has been subject to such filing requirements for the past 90 days. YES X NO ------- --------- Common Shares, no par value. Shares Outstanding at January 30, 1997: 9,014,972 2 LSI INDUSTRIES INC. ------------------- FORM 10-Q --------- FOR THE QUARTER ENDED DECEMBER 31, 1996 --------------------------------------- INDEX ----- Begins on Page ---- PART I. Financial Information ITEM 1. Financial Statements -------------------- Consolidated Income Statements....................... 3 Consolidated Balance Sheets.......................... 4 Consolidated Statements of Cash Flows................ 5 Notes to Financial Statements........................ 6 ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations...................................... 7 PART II. Other Information ITEM 4. Submission of Matters to a Vote of Securityholders... 11 ITEM 6. Exhibits and Reports on Form 8-K..................... 11 Signatures ..................................................... 12 Page 2 3 PART I. FINANCIAL INFORMATION ----------------------------- ITEM 1. FINANCIAL STATEMENTS - ----------------------------- LSI INDUSTRIES INC. CONSOLIDATED INCOME STATEMENTS (Unaudited)
Three Months Ended Six Months Ended December 31 December 31 --------------------- --------------------- (In thousands, except per 1996 1995 1996 1995 share amounts) ---- ---- ---- ---- Net sales $ 37,539 $ 45,561 $ 74,424 $ 81,443 Cost of products sold 24,281 31,737 49,026 55,677 -------- -------- -------- -------- Gross profit 13,258 13,824 25,398 25,766 Selling and administrative expenses 9,022 9,315 17,827 17,627 -------- -------- -------- -------- Operating income 4,236 4,509 7,571 8,139 Interest (income) expense, net (150) 207 (247) 350 Other expense 12 11 26 16 -------- -------- -------- -------- Income from continuing operations before income taxes 4,374 4,291 7,792 7,773 Income tax expense 1,656 1,598 2,938 2,886 -------- -------- -------- -------- Income from continuing operations 2,718 2,693 4,854 4,887 Discontinued operations -- (1,500) -- (1,500) -------- -------- -------- -------- Net income $ 2,718 $ 1,193 $ 4,854 $ 3,387 ======== ======== ======== ======== Net income (loss) per common share Continuing operations $ .30 $ .34 $ .53 $ .61 Discontinued operations -- (.19) -- (.19) -------- -------- -------- -------- Total net income per share $ .30 $ .15 $ .53 $ .42 ======== ======== ======== ======== Average shares outstanding 9,149 8,006 9,193 7,980 ======== ======== ======== ========
The accompanying Notes to Financial Statements are an integral part of these financial statements. Page 3 4
LSI INDUSTRIES INC. CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands, except share amounts) December 31, June 30, 1996 1996 ---- ---- ASSETS - ------ Current Assets Cash and cash equivalents $12,317 $11,138 Accounts receivable 24,494 24,825 Inventories 19,427 19,660 Other current assets 1,769 2,246 ------- ------- Total current assets 58,007 57,869 Property, plant and equipment, net 20,254 20,327 Goodwill and other assets 1,299 1,300 ------- ------- $79,560 $79,496 ======= ======= LIABILITIES & SHAREHOLDERS' EQUITY - ---------------------------------- Current Liabilities Current maturities of long-term debt $ 181 $ 180 Accounts payable 10,310 10,855 Accrued expenses 7,399 10,688 ------- ------- Total current liabilities 17,890 21,723 Long-Term Debt 1,322 1,382 Other Long-Term Liabilities 1,733 1,654 Shareholders' Equity Preferred shares, without par value; Authorized 1,000,000 shares; none issued -- -- Common shares, without par value; Authorized 30,000,000 shares; Outstanding 9,013,608 and 8,964,491 shares, respectively 28,279 28,082 Retained earnings 30,336 26,655 ------- ------- Total shareholders' equity 58,615 54,737 ------- ------- $79,560 $79,496 ======= =======
The accompanying Notes to Financial Statements are an integral part of these financial statements. Page 4 5
LSI INDUSTRIES INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands) Six Months Ended December 31 ----------- 1996 1995 ---- ---- Cash Flows from Operating Activities Net income $ 4,854 $ 3,387 Non-cash items included in income Depreciation and amortization 1,460 1,154 Deferred income taxes 60 50 (Gain) loss on disposition of fixed assets 6 (4) Changes in operating assets and liabilities Accounts receivable 331 (10,257) Inventories 233 (2,278) Accounts payable and other (2,893) 3,898 Change in liability for discontinued operations -- 238 -------- -------- Net cash flows from operating activities 3,587 (3,812) -------- -------- Cash Flows from Investing Activities Purchase of property, plant and equipment (1,373) (1,987) Proceeds from sale of fixed assets -- 4 -------- -------- Net cash flows from investing activities (1,373) (1,983) -------- -------- Cash Flows from Financing Activities Increase in notes payable to bank -- 6,809 Payment of long-term debt (59) (392) Cash dividends paid (1,173) (989) Exercise of stock options and other stock transactions 197 160 -------- -------- Net cash flows from financing activities (1,035) 5,588 -------- -------- Increase (decrease) in cash and cash equivalents 1,179 (207) Cash and cash equivalents at beginning of year 11,138 2,124 -------- -------- Cash and cash equivalents at end of period $ 12,317 $ 1,917 ======== ======== Supplemental Cash Flow Information Interest paid $ 53 $ 189 Income taxes paid $ 3,308 $ 4,162
The accompanying Notes to Financial Statements are an integral part of these financial statements. Page 5 6 LSI INDUSTRIES INC. NOTES TO FINANCIAL STATEMENTS (Unaudited) NOTE 1: INTERIM FINANCIAL STATEMENTS The interim financial statements are unaudited and are prepared in accordance with rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of Management, the interim financial statements include all normal adjustments and disclosures necessary to present fairly the Company's financial position as of December 31, 1996, and the results of its operations and its cash flows for the periods ended December 31, 1996 and 1995. These statements should be read in conjunction with the financial statements and footnotes included in the fiscal 1996 annual report. NOTE 2: NET INCOME PER COMMON SHARE The computation of net income per common share is based on the weighted average common shares outstanding for the period, including common share equivalents. Common share equivalents include the dilutive effect of stock options of 132,000 and 384,000 shares, respectively, for the three month periods ended December 31, 1996 and 1995, and 187,000 and 378,000 shares, respectively, for the six month periods ended December 31, 1996 and 1995. NOTE 3: INVENTORIES Inventories consist of the following (in thousands):
December 31, 1996 June 30, 1996 ----------------- ------------- Raw Materials $10,306 $11,432 Work-in-Process and Finished Goods 9,121 8,228 ------- ------- $19,427 $19,660 ======= =======
NOTE 4: CASH DIVIDENDS The Company paid cash dividends of $1,173,000 and $989,000 in the six month periods ended December 31, 1996 and 1995, respectively. In January, 1997, the Company's Board of Directors declared a $.05 per share regular quarterly cash dividend ($451,000) payable on February 18, 1997 to shareholders of record February 11, 1997. Page 6 7 NOTE 5: SHAREHOLDERS' EQUITY The Company implemented a non-qualified Deferred Compensation Plan effective July 1, 1996 and a certain portion of the Plan investments are in common shares of the Company. As of December 31, 1996 a total of 16,721 common shares at a cost of $177,000 were held in the Plan, and, accordingly, have been recorded as treasury shares. NOTE 6: SALES TO MAJOR CUSTOMERS The Company's sales in its Image segment (see discussion in Management's Discussion and Analysis of Financial Condition and Results of Operations) to a major customer, Chevron U.S.A., represented 11% of consolidated net sales in the three month and six month periods ended December 31, 1995. ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS NET SALES BY BUSINESS SEGMENT (In thousands, unaudited)
Three Months Ended Six Months Ended December 31 December 31 ------------------------ ------------------- 1996 1995 1996 1995 ---- ---- ---- ---- Image Segment $26,203 $35,611 $51,136 $59,823 Commercial / Industrial Lighting Segment 11,336 9,950 23,288 21,620 ------- ------- ------- ------- $37,539 $45,561 $74,424 $81,443 ======= ======= ======= =======
RESULTS OF OPERATIONS THREE MONTHS ENDED DECEMBER 31, 1996 COMPARED WITH THREE MONTHS ENDED DECEMBER 31, 1995 Net sales of $37.5 million compared to second quarter net sales last year of $45.6 million, an 18% reduction. Commercial / Industrial Lighting segment net sales were $11.3 million as compared to $10.0 million last year, an increase of 14%. This change resulted from strong lighting sales into the multi-site retail market which offset reduced lighting sales into other markets of this segment. Image segment net sales were $26.2 million as compared to $35.6 million last year. The reduction in net sales is primarily related to a lack of year-end budget spending by the Company's major oil customers as compared to the fiscal 1996 second quarter during which the Company shipped over five and one-half million dollars in significant year-end spending programs and reimaging programs to oil customers as well as restaurant customers. The Company's graphics business continued to operate at the decreased volume that was reported in the first quarter this year. Sales in the Image segment to the petroleum / convenience store market, representing 49% of total net sales, decreased 27%, and sales to the multi-site retail market were off due primarily to the lack of a large re-lighting project in the Page 7 8 restaurant business similar to last year. The Company has one customer, Chevron U.S.A., which accounted for 11% of total net sales (reported in the Image segment) in the second quarter of fiscal 1996. The Company believes that it continues to maintain a good business relationship with this major customer; however, the level of total sales, which for the second quarter of fiscal 1997 was under ten percent of the Company's total net sales, is never assured in the future. While the Company modestly increased sales prices of some products during the second quarter, inflation did not have a significant impact on sales in 1997 as competitive pricing pressures held price increases to a minimum. Gross profit of $13.3 million, or 35.3% of net sales, decreased from last year's gross profit of $13.8 million or 30.3% of net sales. The decrease is primarily related to the reduced sales volume as compared to last year. The increase in gross profit as a percentage of net sales is primarily due to improved manufacturing operating efficiencies in the Company's lighting business, changes in lighting product mix to higher margin products, and a sales price adjustment in the graphics business on a major program, partially offset by lower utilization of manufacturing capacity in the Company's graphics operations. Selling and administrative expenses decreased to $9.0 million primarily as a result of decreased sales volume, and represented 24% of net sales in the second quarter of fiscal 1997 as compared to 20% last year. The Company reported net interest income of $150,000 in the second quarter of fiscal 1997 as compared to net interest expense of $207,000. The change reflects the Company's use of the net proceeds from the February 1996 Public Offering of Common Shares. Substantially all outstanding debt in February 1996 was retired with a portion of the net proceeds. Remaining proceeds from the Public Offering were invested in high-quality short term cash investments. The Company's effective tax rate increased to 37.9% from 37.2% last year primarily as a result of the increased provision for state income taxes. Income from continuing operations of $2.7 million or $.30 per share compares to last year's second quarter income from continuing operations of $2.7 million or $.34 per share. The essentially level income resulted from decreased gross profit and decreased operating expenses related to decreased sales, an increased income tax provision, and the reporting of net interest income rather than net interest expense. Weighted average common shares outstanding increased 14% in the second quarter of 1997 to 9,149,000 shares from 8,006,000 shares in 1996 primarily as a result of the 1.2 million common shares issued in the February 1996 Public Offering. In the second quarter of fiscal 1996 the Company recorded a charge to discontinued operations of $1.5 million, or $.19 per share, related to an Internal Revenue Service tax audit associated with the 1992 discontinuation of the Company's European operations. There was no similar charge to discontinued operations in fiscal 1997. Net income of $2.7 million, or $.30 per share, in the second quarter of fiscal 1997 compares to net income of $1.2 million, or $.15 per share in last year's second quarter. The change results primarily from the 1996 reduction associated with the discontinued operations. Page 8 9 SIX MONTHS ENDED DECEMBER 31, 1996 COMPARED WITH SIX MONTHS ENDED DECEMBER 31, 1995 Net sales of $74.4 million compared to first half net sales last year of $81.4 million, a 9% reduction. Commercial / Industrial Lighting segment net sales were $23.3 million as compared to $21.6 million last year, an increase of 8%. This change resulted from strong lighting sales into the multi-site retail market which offset reduced lighting sales into other markets in this segment. Image segment net sales were $51.1 million as compared to $59.8 million last year. The reduction in net sales is primarily related to a lack of year-end budget spending by the Company's major oil customers as compared to the fiscal 1996 second quarter during which the Company shipped over five and one-half million dollars in significant year-end spending programs and reimaging programs to oil customers as well as restaurant customers. The Company's graphics business operated at a decreased volume as compared to last year. Sales in the Image segment to the petroleum / convenience store market, representing 48% of total first half net sales, decreased 17%, and sales to the multi-site retail market increased due primarily to strong restaurant lighting business. The Company has one customer, Chevron U.S.A., which accounted for 11% of total net sales (reported in the Image segment) in the first half of fiscal 1996. The Company believes that it continues to maintain a good business relationship with this major customer; however, the level of total sales, which for the first half of fiscal 1997 was just under ten percent, is never assured in the future. While the Company modestly increased sales prices of some products during the first half, inflation did not have a significant impact on sales in 1997 as competitive pricing pressures held price increases to a minimum. Gross profit of $25.4 million, or 34.1% of net sales, decreased from last year's gross profit of $25.8 million or 31.6% of net sales. The decrease is primarily related to the reduced sales volume as compared to last year. The increase in gross profit as a percentage of net sales is primarily due to improved manufacturing operating efficiencies in the Company's lighting business, changes in lighting product mix to higher margin products, and a sales price adjustment in the graphics business on a major program, partially offset by lower utilization of manufacturing capacity in the Company's graphics operations. Selling and administrative expenses increased to $17.8 million primarily as a result of increased marketing expenses in the first quarter of 1997, offset by reduced expenses directly associated with decreased sales volume, and represented 24% of net sales in the first half of fiscal 1997 as compared to 22% last year. The Company reported net interest income of $247,000 in the first half of fiscal 1997 as compared to net interest expense of $350,000. The change reflects the Company's use of the net proceeds from the February 1996 Public Offering of Common Shares. Substantially all outstanding debt in February 1996 was retired with a portion of the net proceeds. Remaining proceeds from the Public Offering were invested in high-quality short term cash investments. The Company's effective tax rate increased to 37.7% from 37.1% last year primarily as a result of the increased provision for state income taxes. Income from continuing operations of $4.9 million or $.53 per share compares to last year's second quarter income from continuing operations of $4.9 million or $.61 per share. The essentially level income resulted from decreased gross profit from decreased net sales, increased operating expenses, an increased income tax provision, and the reporting of net interest income rather than net interest expense. Weighted average common shares Page 9 10 outstanding increased 15% in the first half of 1997 to 9,193,000 shares from 7,980,000 shares in 1996 primarily as a result of the 1.2 million common shares issued in the February 1996 Public Offering. In the second quarter of fiscal 1996 the Company recorded a charge to discontinued operations of $1.5 million, or $.19 per share, related to an Internal Revenue Service tax audit associated with the 1992 discontinuation of the Company's European operations. There was no similar charge to discontinued operations in fiscal 1997. Net income of $4.9 million, or $.53 per share, in the first half of fiscal 1997 compares to net income of $3.4 million, or $.42 per share in last year's first half. The change results primarily from the 1996 reduction associated with the discontinued operations. LIQUIDITY AND CAPITAL RESOURCES At December 31, 1996 the Company had working capital of $40.1 million, compared to $36.1 million at June 30, 1996. The ratio of current assets to current liabilities increased to 3.24 to 1 from 2.66 to 1. The increased working capital is primarily attributed to increased cash and cash equivalents and reductions in accounts payable and accrued expenses. The Company generated $3.6 million of cash from operating activities in the first half of fiscal 1997 as compared to a use of cash of $3.8 million in the first half of fiscal 1996. The Company generated more cash in the first six months of fiscal 1997 primarily due to significant accounts receivable and inventory increases in fiscal 1996 as compared to modest decreases in fiscal 1997, partially offset by a reduction in payables and accrued expenses as compared to an increase in the prior year. As of December 31, 1996, the Company's days sales outstanding were at approximately 63 days as compared to 59 days at June 30, 1996. The Company has two revolving lines of credit totaling $20 million, all of which is available as of January 31, 1997. In addition to cash and cash equivalents (high-grade, short-term investments), the Company's primary source of liquidity continues to be its lines of credit. The Company believes that the total available lines of credit plus expected cash flows from operating activities is adequate for the Company's 1997 operational and capital expenditure needs. The Company is in compliance with all of its loan covenants. Capital expenditures of $1.4 million in the first half of fiscal 1997 compare to $2.0 million in the first half of 1996. Spending in fiscal year 1997 is primarily related to manufacturing equipment and process improvements. Capital expenditures of $4 million are planned for 1997. In January 1997, the Board of Directors declared a regular quarterly cash dividend of $.05 per share ($451,000) to be paid February 11, 1997 to shareholders of record on February 18, 1997. The Company continues to seek opportunities to invest in new products and markets, and in acquisitions which fit its strategic growth plans in the lighting and graphics markets. The Company believes that adequate financing for any such investments or acquisitions will be achieved with available cash, commercial borrowings, seller financing, the issuance of common or preferred shares, or some combination thereof. Page 10 11 PART II. OTHER INFORMATION -------------------------- ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITYHOLDERS - ----------------------------------------------------------- At the Company's Annual Meeting of Shareholders held November 14, 1996, the following actions were taken by shareholders: 4.1 All persons nominated as Class B Directors were elected with the votes for each person being:
Shares - Withheld Shares Name Shares For Authority Abstained ----------------- ------------ ----------------- ------------ Allen L. Davis 7,687,369 41,160 n/a ----------------- ----------- ----------------- ------------ James P. Sferra 7,684,434 44,095 n/a ----------------- ----------- ----------------- ------------ Donald E. Whipple 7,684,199 44,330 n/a ----------------- ----------- ----------------- ------------
4.2 The selection of Arthur Andersen LLP as independent public accountants for fiscal year 1997 was ratified by the following vote:
Shares For Shares Against Shares Abstained Broker Non-Votes ------------ --------------- ----------------- ------------------ 7,699,268 21,301 7,960 n/a ------------ --------------- ----------------- ------------------
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K - ----------------------------------------- a) Exhibits 11 Statement Re Computation of Earnings Per Share 27 Financial Data Schedule (b) Reports on Form 8-K No reports on Form 8-K have been filed during the quarter for which this Report is filed. [All other items required in Part II have been omitted because they are not applicable or are not required.] Page 11 12 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. LSI Industries Inc. ------------------- BY: /s/ Robert J. Ready ----------------------------- Robert J. Ready President and Chief Executive Officer (Principal Executive Officer) BY: /s/ Ronald S. Stowell ----------------------------- Ronald S. Stowell Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer) February 5, 1997 Page 12 EX-11 2 EXHIBIT 11 1 EXHIBIT 11 LSI INDUSTRIES INC. STATEMENT RE COMPUTATION OF EARNINGS PER SHARE ---------------------------------------------- (IN THOUSANDS, EXCEPT PER SHARE)
Three Months Ended Six Months Ended December 31 December 31 ----------- ----------- 1996 1995 1996 1995 ---- ---- ---- ---- NET INCOME - ---------- Continuing operations $2,718 $ 2,693 $4,854 $ 4,887 Discontinued operations -- (1,500) -- (1,500) ------ ------- ------ ------- Net income $2,718 $ 1,193 $4,854 $ 3,387 ====== ======= ====== ======= AVERAGE SHARES OUTSTANDING - -------------------------- Weighted average shares outstanding during the period 9,017 7,622 9,006 7,602 Common Share Equivalents Common Shares to be issued under Stock Option Plan 132 384 187 378 ------ ------- ------ ------- Average Shares Outstanding 9,149 8,006 9,193 7,980 ====== ======= ====== ======= NET INCOME PER SHARE - -------------------- Continuing operations $ .30 $ .34 $ .53 $ .61 Discontinued operations -- (.19) -- (.19) ------ ------- ------ ------- Net income per share $ .30 $ .15 $ .53 $ .48 ====== ======= ====== ======= Note: Calculated using the "Treasury Stock" method as if options were exercised and the funds were used to purchase Common Shares at the average market price during the period.
Page 13 EX-27 3 EXHIBIT 27
5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR THE QUARTER ENDED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 0000763532 LSI INDUSTRIES INC 3-MOS JUN-30-1997 OCT-01-1996 DEC-31-1996 12,317 0 24,943 (449) 19,427 58,007 32,859 (12,605) 79,560 17,890 1,322 0 0 28,279 30,336 79,560 37,539 37,539 24,281 9,022 12 0 (150) 4,374 1,656 2,718 0 0 0 2,718 .30 .30
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