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0000950123-11-016702.txt : 20110223
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20110222214720
ACCESSION NUMBER: 0000950123-11-016702
CONFORMED SUBMISSION TYPE: 10-K
PUBLIC DOCUMENT COUNT: 16
CONFORMED PERIOD OF REPORT: 20101231
FILED AS OF DATE: 20110223
DATE AS OF CHANGE: 20110222
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: PENTAIR INC
CENTRAL INDEX KEY: 0000077360
STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550]
IRS NUMBER: 410907434
STATE OF INCORPORATION: MN
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 10-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-04689
FILM NUMBER: 11630372
BUSINESS ADDRESS:
STREET 1: 5500 WAYZATA BLVD.
STREET 2: SUITE 800
CITY: GOLDEN VALLEY
STATE: MN
ZIP: 55416
BUSINESS PHONE: 763-545-1730
MAIL ADDRESS:
STREET 1: 5500 WAYZATA BLVD.
STREET 2: SUITE 800
CITY: GOLDEN VALLEY
STATE: MN
ZIP: 55416
FORMER COMPANY:
FORMER CONFORMED NAME: PENTAIR INDUSTRIES INC
DATE OF NAME CHANGE: 19790327
10-K
1
c62274e10vk.htm
FORM 10-K
e10vk
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Fiscal
Year Ended December 31,
2010
OR
o
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission file number
000-04689
Pentair, Inc.
(Exact name of Registrant as
specified in its charter)
Minnesota
41-0907434
(State
or other jurisdiction of
incorporation or organization)
(I.R.S.
Employer
Identification number)
5500 Wayzata Boulevard,
Suite 800, Golden Valley, Minnesota
55416-1259 (Zip
code)
(Address of principal executive
offices)
Registrants telephone number, including area code:
(763) 545-1730
Securities registered pursuant to Section 12(b) of the
Act:
Title of each class
Name of each exchange on which registered
Common Shares,
$0.162/3
par value
New York Stock Exchange
Preferred Share Purchase Rights
New York Stock Exchange
Securities registered pursuant to Section 12(g) of the
Act: None
Indicate by check mark if the registrant is a well-known
seasoned issuer, as defined in Rule 405 of the Securities
Act. Yes þ No o
Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or Section 15(d) of the
Act. Yes o No þ
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 þ No o
Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Website, if any,
every Interactive Data File required to be submitted and posted
pursuant to Rule 405 of
Regulation S-T
during the preceding 12 months (or for such shorter period
that the Registrant was required to submit to post such
files). Yes þ No o
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of
Regulation S-K
is not contained herein and will not be contained, to the best
of registrants knowledge, in definitive proxy or
information statements incorporated by reference in
PART III of this
Form 10-K
or any amendment to this
Form 10-K. þ
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 the definitions of
large accelerated filer, accelerated
filer and smaller reporting company in Rule
12b-2 of the
Exchange Act. (Check one):
Large
accelerated
filer þ
Accelerated
filer o
Non-accelerated
filer o
Smaller
reporting
company o
(Do not check if a smaller reporting company)
Indicate by check mark whether the registrant is a shell company
(as defined in
Rule 12b-2
of the
Act). Yes o No þ
Aggregate market value of voting and non-voting common equity
held by non-affiliates of the Registrant, based on the closing
price of $31.57 per share as reported on the New York Stock
Exchange on July 3, 2010 (the last business day of
Registrants most recently completed second quarter):
$2,970,142,821
The number of shares outstanding of Registrants only class
of common stock on December 31, 2010 was 98,409,192.
DOCUMENTS
INCORPORATED BY REFERENCE
Parts of the Registrants definitive proxy statement for
its annual meeting to be held on April 28, 2011, are
incorporated by reference in this
Form 10-K
in response to Part III, ITEM 10, 11, 12, 13 and 14.
Pentair, Inc. is a focused diversified industrial manufacturing
company comprised of two operating segments: Water and Technical
Products. Our Water Group is a global leader in providing
innovative products and systems used worldwide in the movement,
storage, treatment and enjoyment of water. Our Technical
Products Group is a leader in the global enclosures and thermal
management markets, designing and manufacturing standard,
modified and custom enclosures that house and protect sensitive
electronics and electrical components and protect the people
that use them.
Pentair
Strategy
Our strategy is to drive sustainable, profitable growth and
Return on Invested Capital (ROIC) improvements
through:
building operational excellence through the Pentair Integrated
Management System (PIMS) consisting of strategy
deployment, lean enterprise and Rapid Growth Process, which is
our process to drive organic growth;
driving long-term growth in sales, operating income and cash
flows, through growth and productivity initiatives along with
acquisitions;
developing new products and enhancing existing products;
proactively managing our business portfolio for optimal value
creation, including consideration of new business platforms.
Unless the context otherwise indicates, references herein to
Pentair, the Company, and such words as
we, us, and our include
Pentair, Inc. and its subsidiaries. Pentair is a Minnesota
corporation that was incorporated in 1966.
BUSINESS
AND PRODUCTS
Business segment and geographical financial information is
contained in ITEM 8, Note 15 of the Notes to
Consolidated Financial Statements, included in this
Form 10-K.
WATER
GROUP
Our Water Group is a global leader in providing innovative
products and systems used worldwide in the safe,
energy-efficient movement, storage, treatment and enjoyment of
water. Our Water Group offers a broad array of products and
systems to multiple markets and customers. The core competencies
of our Water Group center around flow and filtration. Our Water
Group focuses its business portfolio in these primary vertical
markets: Residential (55% of Group sales), Municipal and
Desalination (14% of Group sales), Commercial (13% of Group
sales), Industrial (13% of Group sales) and Agriculture (5% of
Group sales). We are organized around the following global
business units:
Residential
Flow
Our Residential Flow business is a leader in global residential
water pumps. We primarily serve residential well water
installers and residential end-users, waste water dealers and
distributors. We manufacture and sell products ranging from
light duty diaphragm pumps to solid handling pumps designed for
water and wastewater applications and agricultural spraying, as
well as pressure tanks for residential applications.
Applications for our broad range of products include pumps for
residential wells, water treatment, wastewater solids handling,
pressure boosting, engine cooling, fluid delivery, circulation
and transfer.
Brand names for the Residential Flow business include
STA-RITE®,
Myers®,
Hydromatic®,
Flotec®,
Hypro®,
Berkeley®,
Aermotor®,
Simer®,
Verti-line®,
FoamPro®,
Ongatm,
Nocchitm,
SHURflo®,
Edwardstm,
JUNG
PUMPEN®
and
JUNGtm.
Residential
Filtration
Our Residential Filtration business competes in residential and
commercial water softening and filtration markets globally. We
manufacture and sell control valves, pressure tanks, membranes,
carbon products, point of entry and point of use systems and
other filter cartridges. Residential Filtration products are
used in the manufacture of water softeners; filtration and
deionization systems; and commercial and residential water
filtration applications.
Brand names for the Residential Filtration business include
Fleck®,
Autotrol®,
Structuraltm,
Aquamatic®,
Pentek®,
SIATAtm,
WellMatetm,
American
Plumber®,
GE®,
OMNIFILTER®
and
Fibredynetm.
Our Residential Filtration business was formed by a transaction
between GE Water & Process Technologies (a unit of
General Electric Company) (GE) and Pentair.
Pool
Our Pool business manufactures and sells a complete line of
commercial and residential pool equipment and accessories
including pumps, filters, heaters and heat pumps, lights,
automatic controls, automatic pool cleaners, commercial deck
equipment, maintenance equipment and pool accessories.
Applications for our pool products include commercial and
residential pool maintenance, repair and renovation as well as
service and construction. Our Pool business predominantly serves
the North American market.
Brand names for the Pool business include Pentair Pool
Products®,
Pentair Water Pool and
Spa®,
STA-RITE®,
Paragon
Aquatics®,
Kreepy
Krauly®,
Compool®,
WhisperFlo®,
PoolShark®,
Legend®,
Rainbowtm,
FIBERworks®,
IntelliTouch®,
IntelliFlo®,
IntelliChlor®,
Ongatm
and Pentair
Piscinestm.
Engineered
Flow
Our Engineered Flow business is a global leader in municipal,
commercial and industrial water and fluid handling markets. We
primarily serve commercial end-users; waste water dealers and
distributors; commercial and industrial operations; and
municipal water treatment facilities. We manufacture and sell
products ranging from light duty diaphragm pumps to high-flow
turbine pumps and solid handling pumps designed for water,
wastewater and a variety of industrial applications.
Applications for our broad range of products include pumps for
municipal wells, water treatment, wastewater solids handling,
pressure boosting, engine cooling, fluid delivery, circulation,
fire suppression and transfer.
Brand names for the Engineered Flow business include
Myers®,
Aurora®,
Hydromatic®,
Fairbanks
Morsetm,
Layne/Verti-line®,
FoamPro®,
Edwards®,
Aplex and Delta Environmental.
Filtration
Solutions
Our Filtration Solutions business competes in selected
commercial and industrial markets for both water and other fluid
filtration as well as in desalination and reverse osmosis
projects globally. We manufacture and sell filter systems,
filter cartridges, pressure vessels and specialty dispensing
pumps providing flow solutions for specific end-user market
applications including, commercial, foodservice, industrial,
marine and aviation. Filtration Solutions products are used in
the manufacture of filtration, deionization and desalination
systems; industrial and commercial water filtration
applications; and filtration and separation technologies for
hydrocarbon, medical and hydraulic applications.
Brand names for the Filtration Solutions business include
Everpure®,
SHURflo®,
Porous
Mediatm
and
CodeLine®.
Customers
Our Water Group distributes its products through wholesale
distributors, retail distributors, original equipment
manufacturers, home centers and home and pool builders.
Information regarding significant customers in our
Water Group is contained in ITEM 8, Note 15 of the
Notes to Consolidated Financial Statements, included in this
Form 10-K.
Seasonality
We experience seasonal demand in a number of markets within our
Water Group. End-user demand for pool equipment follows warm
weather trends and is at seasonal highs from April to August.
The magnitude of the sales increase is partially mitigated by
employing some advance sale early buy programs
(generally including extended payment terms
and/or
additional discounts). Demand for residential and agricultural
water systems is also impacted by weather patterns, particularly
by heavy flooding and droughts.
Competition
Our Water Group faces numerous domestic and international
competitors, some of which have substantially greater resources
directed to the markets in which we compete. Consolidation and
globalization are continuing trends in the water industry.
Competition in commercial and residential flow technologies
markets focuses on brand names, product performance (including
energy-efficient offerings), quality and price. While home
center and national retailers are important for residential
lines of water and wastewater pumps, they are not important for
commercial pumps. For municipal pumps, competition focuses on
performance to meet required specifications, service and price.
Competition in water treatment and filtration components focuses
on product performance and design, quality, delivery and price.
For pool equipment, competition focuses on brand names, product
performance (including energy-efficient offerings), quality and
price. We compete by offering a wide variety of innovative and
high-quality products, which are competitively priced. We
believe our distribution channels and reputation for quality
also contribute to our continuing market penetration.
TECHNICAL
PRODUCTS GROUP
Our Technical Products Group is a leader in the global
enclosures and thermal management markets, designing and
manufacturing standard, modified and custom enclosures that
house and protect sensitive electronics and electrical
components and protect the people that use them. Our Technical
Products Group focuses its business portfolio on the following
primary vertical markets: Industrial (35% of Group sales),
Communications (25% of Group sales), General Electronics (10% of
Group sales), Energy (10% of Group sales) and Commercial,
Security and Defense, Infrastructure and Medical (these four
vertical markets combined represent approximately 20% of Group
sales). Products include metallic and composite enclosures,
cabinets, cases, subracks, backplanes and associated thermal
management systems. Applications served include industrial
machinery, data communications, networking, telecommunications,
test and measurement, automotive, medical, security, defense and
general electronics.
Brand names for the Technical Products Group business include
Hoffman®,
Schroff®,
McLean®,
Taunustm,
Birtcher®,
Calmark®
and Aspen
Motiontm.
Customers
Our Technical Products Group distributes its products through
electrical and data contractors, electrical and electronic
components distributors and original equipment manufacturers.
Information regarding significant customers in our Technical
Products Group is contained in ITEM 8, Note 15 of the
Notes to Consolidated Financial Statements, included in this
Form 10-K.
Seasonality
Our Technical Products Group is not significantly affected by
seasonal demand fluctuations.
Competition
Competition in the technical products markets can be intense,
particularly in the Communications market, where product design,
prototyping, global supply, price competition and customer
service are significant factors. Our Technical Products Group
has continued to focus on cost control and improving
profitability. Recent sales increases in the Technical Products
Group are the result of market recovery following the global
recession in 2009. The growth derived from the market recovery
was complemented by growth from initiatives
focused on product development, continued channel penetration,
growth in targeted market segments, geographic expansion and
price increases. Consolidation, globalization and outsourcing
are visible trends in the technical products marketplace and
typically play to the strengths of a large and globally
positioned supplier. We believe our Technical Products Group has
the global manufacturing capability and broad product portfolio
to support the globalization and outsourcing trends.
INFORMATION
REGARDING ALL BUSINESS SEGMENTS
Backlog
Our backlog of orders as of December 31 by segment was:
In thousands
2010
2009
$ change
% change
Water Group
$
212,929
$
304,449
$
(91,520
)
(30.0
)%
Technical Products Group
127,658
94,503
33,155
35.1
%
Total
$
340,587
$
398,952
$
(58,365
)
(14.6
)%
The $91.5 million decrease in Water Group backlog was
primarily due to reduced backlog related to the Gulf
Intracoastal Waterway project and other large municipal projects
for the Engineered Flow global business unit at
December 31, 2010. The $33.2 million increase in the
Technical Products Group backlog reflected growth across our
vertical markets served. Due to the relatively short
manufacturing cycle and general industry practice for the
majority of our businesses, backlog, which typically represents
less than 60 days of shipments, is not deemed to be a
significant item. A substantial portion of our revenues result
from orders received and product sold in the same month. We
expect that most of our backlog at December 31, 2010 will
be filled in 2011.
Research
and development
We conduct research and development activities in our own
facilities, which consist primarily of the development of new
products, product applications and manufacturing processes.
Research and development expenditures during 2010, 2009 and 2008
were $67.2 million, $57.9 million and
$62.5 million, respectively.
Environmental
Environmental matters are discussed in ITEM 3, ITEM 7
and in ITEM 8, Note 16 of the Notes to Consolidated
Financial Statements, included in this
Form 10-K.
Raw
materials
The principal materials used in the manufacturing of our
products are electric motors, mild steel, stainless steel,
electronic components, plastics (resins, fiberglass, epoxies),
copper and paint (powder and liquid). In addition to the
purchase of raw materials, we purchase some finished goods for
distribution through our sales channels.
The materials used in the various manufacturing processes are
purchased on the open market and the majority are available
through multiple sources and are in adequate supply. We have not
experienced any significant work stoppages to date due to
shortages of materials. We have certain long-term commitments,
principally price commitments, for the purchase of various
component parts and raw materials and believe that it is
unlikely that any of these agreements would be terminated
prematurely. Alternate sources of supply at competitive prices
are available for most materials for which long-term commitments
exist and we believe that the termination of any of these
commitments would not have a material adverse effect on
operations.
Certain commodities, such as metals and resin, are subject to
market and duty-driven price fluctuations. We manage these
fluctuations through several mechanisms, including long-term
agreements with price adjustment clauses for significant
commodity market movements in certain circumstances. Prices for
raw materials, such as metals and resins, may trend higher in
the future.
Patents, non-compete agreements, proprietary technologies,
customer relationships, trade marks, trade names and brand names
are important to our business. However, we do not regard our
business as being materially dependent upon any single patent,
non-compete agreement, proprietary technology, customer
relationship, trade mark, trade name or brand name.
Patents, patent applications and license agreements will expire
or terminate over time by operation of law, in accordance with
their terms or otherwise. We do not expect the termination of
patents, patent applications or license agreements to have a
material adverse effect on our financial position, results of
operations or cash flows.
Employees
As of December 31, 2010, we employed approximately
14,300 people worldwide. Total employees in the United
States were approximately 6,900, of whom approximately 475 are
represented by four different trade unions having collective
bargaining agreements. Generally, labor relations have been
satisfactory.
Captive
Insurance Subsidiary
We insure certain general and product liability, property,
workers compensation and automobile liability risks
through our regulated wholly-owned captive insurance subsidiary,
Penwald Insurance Company (Penwald). Reserves for
policy claims are established based on actuarial projections of
ultimate losses. Accruals with respect to liabilities insured by
third parties, such as liabilities arising from acquired
businesses, pre-Penwald liabilities and those of certain foreign
operations are established.
Matters pertaining to Penwald are discussed in ITEM 3 and
ITEM 8, Note 1 of the Notes to Consolidated Financial
Statements Insurance Subsidiary, included in this
Form 10-K.
Available
information
We make available free of charge (other than an investors
own Internet access charges) through our Internet website
(http://www.pentair.com)
our Annual Report on
Form 10-K,
Quarterly Reports on
Form 10-Q,
Current Reports on
Form 8-K
and if applicable, amendments to those reports filed or
furnished pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 as soon as reasonably
practicable after we electronically file such material with or
furnish it to, the Securities and Exchange Commission. Reports
of beneficial ownership filed by our directors and executive
officers pursuant to Section 16(a) of the Securities
Exchange Act of 1934 are also available on our website. We are
not including the information contained on our website as part
of or incorporating it by reference into, this Annual Report on
Form 10-K.
ITEM 1A.
RISK
FACTORS
You should carefully consider the following risk factors and
warnings before making an investment decision. You are cautioned
not to place undue reliance on any forward-looking statements.
You should also understand that it is not possible to predict or
identify all such factors and should not consider the following
list to be a complete statement of all potential risks and
uncertainties. If any of the risks described below actually
occur, our business, financial condition, results of operations
or prospects could be materially adversely affected. In that
case, the price of our securities could decline and you could
lose all or part of your investment. You should also refer to
other information set forth in this document.
General
economic conditions, including difficult credit and residential
construction markets, affect demand for our
products.
We compete around the world in various geographic regions and
product markets. Among these, the most significant are global
industrial markets (for both the Technical Products and Water
Groups) and residential markets (for the Water Group). Important
factors for our businesses include the overall strength of the
economy and our customers confidence in the economy;
industrial and governmental capital spending; the strength of
the residential and commercial real estate markets; unemployment
rates; availability of consumer and commercial financing for our
customers and end-users; and interest rates. New construction
for residential
housing and home improvement activity fell in 2007, 2008 and
2009, which reduced revenue growth in the residential businesses
within our Water Group. While we saw some stabilization in 2010,
we believe that weakness in this market could negatively impact
our revenues and margins in future periods. Further, while we
attempt to minimize our exposure to economic or market
fluctuations by serving a balanced mix of end markets and
geographic regions, we cannot assure you that a significant or
sustained downturn in a specific end market or geographic region
would not have a material adverse effect on us.
Our
inability to sustain organic growth could adversely affect our
financial performance.
Over the past five years, our organic growth has been generated
in part from expanding international sales, entering new
distribution channels, introducing new products and price
increases. To grow more rapidly than our end markets, we would
have to continue to expand our geographic reach, further
diversify our distribution channels, continue to introduce new
products and increase sales of existing products to our customer
base. Difficult economic and competitive factors materially and
adversely impacted our financial performance in 2009. These
conditions started to improve in many of our end markets in
2010, but we cannot assure you that these markets will continue
to improve nor that we will be able to increase revenues and
profitability to match our earlier financial performance. We
have chosen to focus our growth initiatives in specific end
markets and geographies. We cannot assure you that these growth
initiatives will be sufficient to offset revenue declines in
other markets.
Our
businesses operate in highly competitive markets, so we may be
forced to cut prices or to incur additional costs.
Our businesses generally face substantial competition in each of
their respective markets. Competition may force us to cut prices
or to incur additional costs to remain competitive. We compete
on the basis of product design, quality, availability,
performance, customer service and price. Present or future
competitors may have greater financial, technical or other
resources which could put us at a disadvantage in the affected
business or businesses. We cannot assure you that these and
other factors will not have a material adverse effect on our
future results of operations.
Material
cost and other inflation have adversely affected and could
continue to affect our results of operations.
In the past, we have experienced material cost and other
inflation in a number of our businesses. We strive for
productivity improvements and implement increases in selling
prices to help mitigate cost increases in raw materials
(especially metals and resins), energy and other costs such as
pension, health care and insurance. We continue to implement our
excellence in operations initiatives in order to mitigate the
impacts of this inflation and continuously reduce our costs. We
cannot assure you, however, that these actions will be
successful in managing our costs or increasing our productivity.
Continued cost inflation or failure of our initiatives to
generate cost savings or improve productivity would likely
negatively impact our results of operations.
Seasonality
of sales and weather conditions may adversely affect our
financial results.
We experience seasonal demand in a number of markets within our
Water Group. End-user demand for pool equipment in our primary
markets follows warm weather trends and is at seasonal highs
from April to August. The magnitude of the sales increase is
partially mitigated by employing some advance sale or
early buy programs (generally including extended
payment terms
and/or
additional discounts). Demand for residential and agricultural
water systems is also impacted by weather patterns, particularly
by heavy flooding and droughts. We cannot assure you that
seasonality and weather conditions will not have a material
adverse effect on our results of operations.
Intellectual
property challenges may hinder product development and
marketing.
Patents, non-compete agreements, proprietary technologies,
customer relationships, trade marks, trade names and brand names
are important to our business. Intellectual property protection,
however, may not preclude
competitors from developing products similar to ours or from
challenging our names or products. Over the past few years, we
have noticed an increasing tendency for participants in our
markets to use conflicts over and challenges to intellectual
property as a means to compete. Patent and trademark challenges
increase our costs to develop, engineer and market our products.
Our
results of operations may be negatively impacted by
litigation.
Our businesses expose us to potential litigation, such as
product liability claims relating to the design, manufacture and
sale of our products. While we currently maintain what we
believe to be suitable product liability insurance, we cannot
assure you that we will be able to maintain this insurance on
acceptable terms or that this insurance will provide adequate
protection against potential liabilities. In addition, we
self-insure a portion of product liability claims. A series of
successful claims against us for significant amounts could
materially and adversely affect our product reputation,
financial condition, results of operations and cash flows.
We may
not be able to expand through acquisitions and acquisitions we
complete may adversely affect our financial
performance.
We intend to continue to evaluate strategic acquisitions
primarily in our current business segments, though we may
consider acquisitions outside of these segments as well. Our
ability to expand through acquisitions is subject to various
risks, including the following:
Higher acquisition prices;
Lack of suitable acquisition candidates in targeted product or
market areas;
Increased competition for acquisitions, especially in the water
industry;
Inability to integrate acquired businesses effectively or
profitably; and
Inability to achieve anticipated synergies or other benefits
from acquisitions.
Acquisitions we may undertake could have a material adverse
effect on our operating results, particularly in the fiscal
quarters immediately following the acquisitions, while we
attempt to integrate operations of the acquired businesses into
our operations. Once integrated, acquired operations may not
achieve the levels of financial performance originally
anticipated.
The
availability and cost of capital could have a negative impact on
our financial performance.
Our plans to vigorously compete in our chosen markets will
require additional capital for future acquisitions, capital
expenditures, growth of working capital and continued
international and regional expansion. In the past, we have
financed growth of our businesses primarily through cash from
operations and debt financing. While we refinanced our primary
credit agreements in 2007 on what we believe to be favorable
terms, future acquisitions or other uses of funds may require us
to expand our debt financing resources or to issue equity
securities. Our financial results may be adversely affected if
new financing is not available on favorable terms or if interest
costs under our debt financings are higher than the income
generated by acquisitions or other internal growth. In addition,
future share issuances could be dilutive to your equity
investment if we sell shares into the market or issue additional
stock as consideration in any acquisition. We cannot assure you
that we will be able to issue equity securities or obtain future
debt financing at favorable terms. Without sufficient financing,
we will not be able to pursue our targeted growth strategy and
our acquisition program, which may limit our revenue growth and
future financial performance.
We are
exposed to political, economic and other risks that arise from
operating a multinational business.
Sales outside of the United States, including export sales from
our domestic businesses, accounted for approximately 34% of our
net sales in both 2010 and 2009. Further, most of our businesses
obtain some
products, components and raw materials from foreign suppliers.
Accordingly, our business is subject to the political, economic
and other risks that are inherent in operating in numerous
countries. These risks include:
changes in general economic and political conditions in
countries where we operate, particularly in emerging markets;
relatively more severe economic conditions in some international
markets than in the United States;
the difficulty of enforcing agreements and collecting
receivables through foreign legal systems;
trade protection measures and import or export licensing
requirements;
the possibility of terrorist action against us or our operations;
the imposition of tariffs, exchange controls or other trade
restrictions;
difficulty in staffing and managing widespread operations in
non-U.S. labor
markets;
changes in tax laws or rulings could have an adverse impact on
our effective tax rate;
the difficulty of protecting intellectual property in foreign
countries; and
required compliance with a variety of foreign laws and
regulations.
Our business success depends in part on our ability to
anticipate and effectively manage these and other risks. We
cannot assure you that these and other factors will not have a
material adverse effect on our international operations or on
our business as a whole.
Our
international operations are subject to foreign market and
currency fluctuation risks.
We expect the percentage of our sales outside of the United
States to increase in the future. Over the past few years, the
economies of some of the foreign countries in which we do
business have had slower growth than the U.S. economy. The
European Union currently accounts for the majority of our
foreign sales and income, in which our most significant European
market is Germany. In addition, we have a significant and
growing business in the Asia-Pacific region, but the economic
conditions in countries in this region are subject to different
growth expectations, market weaknesses and business practices.
We cannot predict how changing market conditions in these
regions will impact our financial results.
We are also exposed to the risk of fluctuation of foreign
currency exchange rates which may affect our financial results
as we manufacture and source certain products, components and
raw materials throughout the world.
We
have significant goodwill and intangible assets and future
impairment of our goodwill and intangible assets could have a
material negative impact on our financial results.
We test goodwill and indefinite-lived intangible assets for
impairment on an annual basis, by comparing the estimated fair
value of each of our reporting units to their respective
carrying values on their balance sheets. At December 31,
2010 our goodwill and intangible assets were approximately
$2,519.6 million and represented approximately 63.4% of our
total assets. Long-term declines in projected future cash flows
could result in future goodwill and intangible asset
impairments. Because of the significance of our goodwill and
intangible assets, any future impairment of these assets could
have a material adverse effect on our financial results.
We are
exposed to potential environmental and other laws, liabilities
and litigation.
We are subject to federal, state, local and foreign laws and
regulations governing our environmental practices, public and
worker health and safety and the indoor and outdoor environment.
Compliance with these environmental, health and safety
regulations could require us to satisfy environmental
liabilities, increase the cost of manufacturing our products or
otherwise adversely affect our business, financial condition and
results of operations. Any violations of these laws by us could
cause us to incur unanticipated liabilities that could
harm our operating results and cause our business to suffer. We
are also required to comply with various environmental laws and
maintain permits, some of which are subject to discretionary
renewal from time to time, for many of our businesses and we
could suffer if we are unable to renew existing permits or to
obtain any additional permits that we may require.
We have been named as defendants, targets or potentially
responsible parties (PRP) in a number of
environmental
clean-ups
relating to our current or former business units. We have
disposed of a number of businesses in recent years and in
certain cases, we have retained responsibility and potential
liability for certain environmental obligations. We have
received claims for indemnification from certain purchasers. We
may be named as a PRP at other sites in the future for existing
business units, as well as both divested and acquired businesses.
We cannot ensure you that environmental requirements will not
change or become more stringent over time or that our eventual
environmental
clean-up
costs and liabilities will not exceed the amount of our current
reserves.
We are
exposed to certain regulatory and financial risks related to
climate change.
Climate change is receiving ever increasing attention worldwide.
Many scientists, legislators and others attribute global warming
to increased levels of greenhouse gases, including carbon
dioxide, which has led to significant legislative and regulatory
efforts to limit greenhouse gas emissions. The
U.S. Congress and federal and state regulatory agencies
have been considering legislation and regulatory proposals that
would regulate and limit greenhouse gas emissions. It is
uncertain whether, when and in what form a federal mandatory
carbon dioxide emissions reduction program may be adopted.
Similarly, certain countries have adopted the Kyoto Protocol and
this and other international initiatives under consideration
could affect our international operations. These actions could
increase costs associated with our operations, including costs
for raw materials and transportation. Because it is uncertain
what laws will be enacted, we cannot predict the potential
impact of such laws on our future consolidated financial
condition, results of operations or cash flows.
Provisions
of our Restated Articles of Incorporation, Bylaws and Minnesota
law could deter takeover attempts.
Anti-takeover provisions in our charter documents, under
Minnesota law and in our shareholder rights plan could prevent
or delay transactions that our shareholders may favor.
Our Restated Articles of Incorporation and Bylaws include
provisions relating to the election, appointment and removal of
directors, as well as shareholder notice and shareholder voting
requirements which could delay, prevent or make more difficult a
merger, tender offer, proxy contest or other change of control.
In addition, our common share purchase rights could cause
substantial dilution to a person or group that attempts to
acquire us, which could deter some acquirers from making
takeover proposals or tender offers. Also, the Minnesota
Business Corporations Act contains control share acquisition and
business combination provisions which could delay, prevent or
make more difficult a merger, tender offer, proxy contest or
other change of control. Our shareholders might view any such
transaction as being in their best interests since the
transaction could result in a higher stock price than the
current market price for our common stock.
ITEM 1B.
UNRESOLVED
STAFF COMMENTS
None.
ITEM 2.
PROPERTIES
Our principal executive office is in leased premises located in
Golden Valley, Minnesota. We carry out our Water Group
manufacturing operations at 26 plants located throughout the
United States and at 14 plants located in 10 other countries. In
addition, our Water Group has 19 distribution facilities and 35
sales offices located in numerous countries throughout the
world. We carry out our Technical Products Group manufacturing
operations at 6 plants located throughout the United States and
10 plants located in 8 other countries. In
addition, our Technical Products Group has 9 distribution
facilities and 26 sales offices located in numerous countries
throughout the world.
We believe that our production facilities are suitable for their
purpose and are adequate to support our businesses.
ITEM 3.
LEGAL
PROCEEDINGS
We have been made parties to a number of actions filed or have
been given notice of potential claims relating to the conduct of
our business, including those pertaining to commercial disputes,
product liability, environmental, safety and health, patent
infringement and employment matters.
While we believe that a material adverse impact on our
consolidated financial position, results of operations or cash
flows from any such future charges is unlikely, given the
inherent uncertainty of litigation, a remote possibility exists
that a future adverse ruling or unfavorable development could
result in future charges that could have a material adverse
impact. We do and will continue to periodically reexamine our
estimates of probable liabilities and any associated expenses
and receivables and make appropriate adjustments to such
estimates based on experience and developments in litigation. As
a result, the current estimates of the potential impact on our
consolidated financial position, results of operations and cash
flows for the proceedings and claims described in Legal
Proceedings could change in the future.
Environmental
We have been named as defendants, targets or PRP in a small
number of environmental
clean-ups,
in which our current or former business units have generally
been given de minimis status. To date, none of these
claims have resulted in
clean-up
costs, fines, penalties or damages in an amount material to our
financial position or results of operations. We have disposed of
a number of businesses in the past years and in certain cases,
such as the disposition of the Cross Pointe Paper Corporation
uncoated paper business in 1995, the disposition of the Federal
Cartridge Company ammunition business in 1997, the disposition
of Lincoln Industrial in 2001 and the disposition of the Tools
Group in 2004, we have retained responsibility and potential
liability for certain environmental obligations. We have
received claims for indemnification from purchasers of these
businesses and have established what we believe to be adequate
accruals for potential liabilities arising out of retained
responsibilities. We settled some of the claims in prior years;
to date our recorded accruals have been adequate.
In addition, there are ongoing environmental issues at a limited
number of sites relating to operations no longer carried out at
the sites. We have established what we believe to be adequate
accruals for remediation costs at these sites. We do not believe
that projected response costs will result in a material
liability. We have also made claims against third parties for
indemnification against potential liabilities for environmental
remediations or other obligations. We cannot assure you that we
will be successful in obtaining indemnity or reimbursement for
such costs.
We may be named as a PRP at other sites in the future, for both
divested and acquired businesses. When the outcome of the matter
is probable and it is possible to provide reasonable estimates
of our liability with respect to environmental sites, provisions
have been made in accordance with generally accepted accounting
principles in the United States. As of December 31, 2010
and 2009, our undiscounted reserves for such environmental
liabilities were approximately $1.3 million and
$2.3 million, respectively. We cannot ensure that
environmental requirements will not change or become more
stringent over time or that our eventual environmental
clean-up
costs and liabilities will not exceed the amount of our current
reserves.
Product
liability claims
We are subject to various product liability lawsuits and
personal injury claims. A substantial number of these lawsuits
and claims are insured and accrued for by Penwald, our captive
insurance subsidiary. See discussion in ITEM 1 and
ITEM 8, Note 1 of the Notes to Consolidated Financial
Statements Insurance subsidiary. Penwald records a
liability for these claims based on actuarial projections of
ultimate losses. For all other claims, accruals covering the
claims are recorded, on an undiscounted basis, when it is
probable that a liability
has been incurred and the amount of the liability can be
reasonably estimated based on existing information. The accruals
are adjusted periodically as additional information becomes
available. In 2004, we disposed of the Tools Group and we
retained responsibility for certain product claims. We have not
experienced significant unfavorable trends in either the
severity or frequency of product liability lawsuits or personal
injury claims.
ITEM 4.
SUBMISSION
OF MATTERS TO A VOTE OF SECURITY HOLDERS
Current executive officers of Pentair, their ages, current
position and their business experience during at least the past
five years are as follows:
Name
Age
Current Position and Business Experience
Randall J. Hogan
55
Chief Executive Officer since January 2001 and Chairman of the
Board effective May 1, 2002; President and Chief Operating
Officer, December 1999 December 2000; Executive Vice
President and President of Pentairs Electrical and
Electronic Enclosures Group, March 1998 December
1999; United Technologies Carrier Transicold President
1995 1997; Pratt & Whitney Industrial Turbines
Vice President and General Manager 1994 1995;
General Electric various executive positions 1988
1994; McKinsey & Company consultant 1981 1987.
Michael V. Schrock
58
President and Chief Operating Officer since September 2006;
President and Chief Operating Officer of Filtration and
Technical Products, October 2005 September 2006;
President and Chief Operating Officer of Enclosures, October
2001 September 2005; President, Pentair Water
Technologies Americas, January 2001
October 2001; President, Pentair Pump and Pool Group, August
2000 January 2001; President, Pentair Pump Group,
January 1999 August 2000; Vice President and General
Manager, Aurora, Fairbanks Morse and Pentair Pump Group
International, March 1998 December 1998; Divisional
Vice President and General Manager, Honeywell Inc.,
1994 1998.
John L. Stauch
46
Executive Vice President and Chief Financial Officer since
February 2007; Chief Financial Officer of the Automation and
Control Systems unit of Honeywell International Inc., July
2005 February 2007; Vice President, Finance and
Chief Financial Officer of the Sensing and Controls unit of
Honeywell International Inc., January 2004 July
2005; Vice President, Finance and Chief Financial Officer of the
Automation & Control Products unit of Honeywell
International Inc., July 2002 January 2004; Chief
Financial Officer and IT Director of PerkinElmer
Optoelectronics, a unit of PerkinElmer, Inc., April
2000 April 2002; Various executive, investor
relations and managerial finance positions with Honeywell
International Inc. and its predecessor AlliedSignal Inc.,
1994 2000.
Frederick S. Koury
50
Senior Vice President, Human Resources, since August 2003; Vice
President of Human Resources at Limited Brands, September
2000 August 2003; PepsiCo, Inc., various executive
positions, June 1985 September 2000.
Angela D. Lageson
42
Senior Vice President, General Counsel and Secretary since
February 2010; Assistant General Counsel, November
2002 February 2010; Shareholder and Officer of the
law firm of Henson & Efron, P.A., January 2000
2002; Associate Attorney in the law firm of Henson & Efron,
P.A. October 1996 January 2000 and in the law firm
of Felhaber Larson Fenlon & Vogt, P.A. 1992
1996.
Michael G. Meyer
52
Vice President of Treasury and Tax since April 2004; Treasurer,
January 2002 March 2004; Assistant Treasurer,
September 1994 December 2001; Various executive
positions with Federal-Hoffman, Inc. (former subsidiary of
Pentair), August 1985 August 1994.
Mark C. Borin
43
Corporate Controller and Chief Accounting Officer since March
2008; Partner in the audit practice of the public accounting
firm KPMG LLP, June 2000 March 2008; Various
positions in the audit practice of KPMG LLP, September
1989 June 2000.
MARKET
FOR REGISTRANTS COMMON STOCK, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed for trading on the New York Stock
Exchange and trades under the symbol PNR. As of
December 31, 2010, there were 3,735 shareholders of
record.
The high, low and closing sales price for our common stock and
the dividends declared for each of the quarterly periods for
2010 and 2009 were as follows:
2010
2009
First
Second
Third
Fourth
First
Second
Third
Fourth
High
$
36.40
$
39.32
$
35.68
$
37.22
$
26.38
$
29.07
$
31.69
$
34.27
Low
$
29.55
$
30.62
$
29.41
$
31.89
$
17.23
$
20.91
$
23.20
$
28.18
Close
$
36.08
$
31.57
$
33.57
$
36.51
$
22.05
$
25.54
$
29.26
$
32.30
Dividends declared
$
0.19
$
0.19
$
0.19
$
0.19
$
0.18
$
0.18
$
0.18
$
0.18
Pentair has paid 140 consecutive quarterly dividends and has
increased dividends each year for 34 consecutive years.
The following information under the caption Stock
Performance Graph in this ITEM 5 of this Annual
Report on
Form 10-K
is not deemed to be soliciting material or to be
filed with the SEC or subject to Regulation 14A
or 14C under the Securities Exchange Act of 1934 or to the
liabilities of Section 18 of the Securities Exchange Act of
1934 and will not be deemed to be incorporated by reference into
any filing under the Securities Act of 1933 or the Securities
Exchange Act of 1934, except to the extent we specifically
incorporate it by reference into such a filing.
The following graph sets forth the cumulative total shareholder
return on our common stock for the last five years, assuming the
investment of $100 on December 31, 2005 and the
reinvestment of all dividends since that date to
December 31, 2010. The graph also contains for comparison
purposes the S&P 500 Index and the S&P MidCap 400
Index, assuming the same investment level and reinvestment of
dividends.
By virtue of our market capitalization, we are a component of
the S&P MidCap 400 Index. On the basis of our size and
diversity of businesses, we have not found a readily
identifiable peer group. We believe the S&P MidCap 400
Index is an appropriate comparison. We have evaluated other
published indices, but have determined that the results are
skewed by significantly larger companies included in the
indices. We believe such a comparison would not be meaningful.
The following table provides information with respect to
purchases we made of our common stock during the fourth quarter
of 2010:
(c)
(d)
Total Number of
Dollar Value of
(a)
Shares Purchased
Shares that
Total Number
(b)
as Part of Publicly
May Yet Be
of Shares
Average Price
Announced Plans
Purchased Under the
Period
Purchased
Paid per Share
or Programs
Plans or Programs
October 3 October 30, 2010
205,137
$
34.32
202,800
$
15,253,293
October 31 November 27, 2010
201,029
$
32.96
200,800
$
8,634,761
November 28 December 31, 2010
273,209
$
35.17
246,503
$
0
Total
679,375
650,103
(a)
The purchases in this column
include shares repurchased as part of our publicly announced
programs and in addition, 2,337 shares for the period
October 3 October 30, 2010, 229 shares for
the period October 31 November 27, 2010 and
26,706 shares for the period November 28
December 31, 2010 deemed surrendered to us by participants
in our Omnibus Stock Incentive Plan and the Outside Directors
Nonqualified Stock Option Plan (the Plans) to
satisfy the exercise price or withholding of tax obligations
related to the exercise of stock options and vesting of
restricted shares.
(b)
The average price paid in this
column includes shares repurchased as part of our publicly
announced plan and shares deemed surrendered to us by
participants in the Plans to satisfy the exercise price for the
exercise price of stock options and withholding tax obligations
due upon stock option exercises and vesting of restricted shares.
(c)
The number of shares in this column
represents the number of shares repurchased as part of our
publicly announced plan to repurchase shares of our common stock
up to a maximum dollar limit of $25 million.
(d)
On July 27, 2010 the Board of
Directors authorized the repurchase of shares of our common
stock up to a maximum dollar limit of $25 million. As of
December 31, 2010, we had repurchased 734,603 shares
for $25 million pursuant to this plan. In December 2010,
the Board of Directors authorized the repurchase of shares of
our common stock up to a maximum dollar limit of
$25 million. This authorization expires in December 2011.
The following table sets forth our selected historical financial
data from continuing operations for the five years ended
December 31, 2010.
Years Ended December 31,
2010
2009
2008
2007
2006
Statement of Operations Data:
Net sales
$
3,030,773
$
2,692,468
$
3,351,976
$
3,280,903
$
3,022,602
Operating income
334,155
219,948
324,685
379,049
312,943
Income from continuing operations attributable to Pentair,
Inc.
198,454
115,512
256,363
212,118
186,251
Per Share Data:
Basic:
EPS from continuing operations attributable to Pentair,
Inc.
$
2.02
$
1.19
$
2.62
$
2.15
$
1.87
Weighted average shares
98,037
97,415
97,887
98,762
99,784
Diluted:
EPS from continuing operations attributable to Pentair,
Inc.
$
2.00
$
1.17
$
2.59
$
2.12
$
1.84
Weighted average shares
99,294
98,522
99,068
100,205
101,371
Cash dividends declared per common share
$
0.76
$
0.72
$
0.68
$
0.60
$
0.56
Balance Sheet Data:
Total assets
$
3,973,533
$
3,911,334
$
4,053,213
$
4,000,614
$
3,364,979
Total debt
707,472
805,637
954,092
1,060,586
743,552
Total shareholders equity
2,202,032
2,126,340
2,020,069
1,910,871
1,669,999
In February and April 2007, we acquired the outstanding shares
of capital stock of Jung Pump and all of the capital interests
of Porous Media, respectively, as part of our Water Group. In
May 2007, we acquired as part of our Technical Products Group
the assets of Calmark. In June 2008, we entered into a
transaction with GE that was accounted for as an acquisition of
an 80.1 percent ownership interest in GEs global
water softener and residential water filtration business in
exchange for a 19.9 percent interest in our global water
softener and residential water filtration business.
MANAGEMENTS
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
Forward-Looking
Statements
This report contains statements that we believe to be
forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995.
Forward-looking statements give our current expectations or
forecasts of future events. Forward-looking statements generally
can be identified by the use of forward-looking terminology such
as may, will, expect,
intend, estimate,
anticipate, believe,
project, or continue, or similar words
or the negative thereof . From time to time, we also may provide
oral or written forward-looking statements in other materials we
release to the public. Any or all of our forward-looking
statements in this report and in any public statements we make
could be materially different from actual results. They can be
affected by assumptions we might make or by known or unknown
risks or uncertainties. Consequently, we cannot guarantee any
forward-looking statements. Investors are cautioned not to place
undue reliance on any forward-looking statements. Investors
should also understand that it is not possible to predict or
identify all such factors and should not consider the following
list to be a complete statement of all potential risks and
uncertainties.
The following factors and those discussed in ITEM 1A, Risk
Factors, of this
Form 10-K
may impact the achievement of forward-looking statements:
general economic and political conditions, such as political
instability, credit market uncertainty, the rate of economic
growth or decline in our principal geographic or product markets
or fluctuations in exchange rates;
changes in general economic and industry conditions in markets
in which we participate, such as:
magnitude, timing and scope of the global economic recovery;
stabilization or strength of the North American housing markets;
the strength of product demand and the markets we serve;
the intensity of competition, including that from foreign
competitors;
pricing pressures;
the financial condition of our customers;
market acceptance of our new product introductions and
enhancements;
the introduction of new products and enhancements by competitors;
our ability to maintain and expand relationships with large
customers;
our ability to source raw material commodities from our
suppliers without interruption and at reasonable prices; and
our ability to source components from third parties, in
particular from foreign manufacturers, without interruption and
at reasonable prices;
our ability to access capital markets and obtain anticipated
financing under favorable terms;
our ability to identify, complete and integrate acquisitions
successfully and to realize expected synergies on our
anticipated timetable;
changes in our business strategies, including acquisition,
divestiture and restructuring activities;
any impairment of goodwill and indefinite-lived intangible
assets as a result of deterioration in our markets;
domestic and foreign governmental and regulatory policies;
changes in operating factors, such as continued improvement in
manufacturing activities and the achievement of related
efficiencies, cost reductions and inventory risks due to shifts
in market demand and costs associated with moving production to
lower-cost locations and faster growth;
our ability to generate savings from our excellence in
operations initiatives consisting of lean enterprise, supply
management and cash flow practices;
our ability to generate savings from our restructuring actions;
unanticipated developments that could occur with respect to
contingencies such as litigation, intellectual property matters,
product liability exposures and environmental matters; and
our ability to accurately evaluate the effects of contingent
liabilities such as tax, product liability, environmental and
other claims.
The foregoing factors are not exhaustive and new factors may
emerge or changes to the foregoing factors may occur that would
impact our business. We assume no obligation and disclaim any
duty, to update the forward-looking statements in this report.
Overview
We are a focused diversified industrial manufacturing company
comprised of two operating segments: Water and Technical
Products. Our Water Group is a global leader in providing
innovative products and systems used worldwide in the movement,
storage, treatment and enjoyment of water. Our Technical
Products Group is a leader in the global enclosures and thermal
management markets, designing and manufacturing standard,
modified and custom enclosures that house and protect sensitive
electronics and electrical components and protect the people
that use them. In 2010, our Water Group and Technical Products
Group accounted for approximately 2/3 and 1/3 of total revenues,
respectively.
Our Water Group has progressively become a more important part
of our business portfolio with sales increasing from
approximately $125 million in 1995 to approximately
$2.0 billion in 2010. We believe the water industry is
structurally attractive as a result of a growing demand for
clean water and the large global market size. Our vision is to
be a leading global provider of innovative products and systems
used in the movement, storage, treatment and enjoyment of water.
On June 28, 2008, we entered into a transaction with GE
that was accounted for as an acquisition of an 80.1 percent
ownership interest in GEs global water softener and
residential water filtration business in exchange for a
19.9 percent interest in our global water softener and
residential water filtration business. The acquisition was
effected through the formation of two new entities,
(collectively, Pentair Residential Filtration or
PRF) a U.S. entity and an international entity,
into which we and GE contributed certain assets, properties,
liabilities and operations representing our respective global
water softener and residential water filtration businesses. We
are an 80.1 percent owner of the new entities and GE is a
19.9 percent owner.
With the formation of Pentair Residential Filtration, we believe
we are better positioned to serve residential customers with
industry-leading technical applications in the areas of water
conditioning, whole house and point of use filtration.
Our Technical Products Group operates in a large global market
with significant potential for growth in industry segments such
as data communications, industrial, infrastructure and energy.
We believe we have the largest industrial and commercial
distribution network in North America for enclosures and the
highest brand recognition in the industry in North America.
Key
Trends and Uncertainties
Our sales revenue for the full year of 2010 was approximately
$3.0 billion, increasing 13% from sales in the prior year.
Our Water Group sales increased 10% in the year to approximately
$2.0 billion, compared to the same period in 2009. Our
Technical Products Group sales increased 17% to approximately
$1.0 billion as compared to the same period in 2009.
The following trends and uncertainties affected our financial
performance in 2010 and will likely impact our results in the
future:
Most markets we serve slowed dramatically in late 2008 and
throughout 2009 as a result of the global recession. In 2010,
most markets showed signs of improvement. Because our businesses
are significantly affected by general economic trends, further
deterioration in our most important markets addressed below
would likely have an adverse impact on our results of operation
for 2011 and beyond.
We have also identified specific market opportunities that we
have been and are pursuing that we find attractive, both within
and outside the United States. We are reinforcing our businesses
to more effectively address these opportunities through research
and development and additional sales and marketing resources.
Unless we successfully penetrate these product and geographic
markets, our organic growth will be limited.
After four years of new home building and new pool start
contraction in the United States, these end markets stabilized
in 2010. Overall, we believe approximately 40% of Pentair sales
are used in global residential applications for
replacement and refurbishment, remodeling and repair and new
construction. We expect this stabilization, along with new
product introductions and expanded distribution and channel
penetration, to result in volume increases in 2011. We believe
that housing construction will modestly improve in 2011, which
we expect will have a favorable impact on these businesses, but
our participation in this trend historically has lagged
approximately six months from inception.
Industrial, communications and commercial markets for all of our
businesses, including commercial and industrial construction,
also slowed significantly in 2009. Order rates and sales
improved in our industrial and communications businesses in 2010
as business spending returned, while non-residential
construction markets still declined. We believe that the outlook
for most of these markets is mixed and we currently expect that
non-residential construction declines will moderate to
approximately down 5% year over year in 2011, compared to a
decline of approximately 10% in 2010.
Through 2010, we experienced material and other cost inflation.
We strive for productivity improvements, and we implement
increases in selling prices to mitigate this inflation. We
expect the current economic environment will result in
continuing price volatility for many of our raw materials. We
believe that the impact of higher commodity prices will continue
to impact us in 2011, but we are uncertain on the timing and
impact of this cost inflation.
Despite higher interest expense and lower discount rates, our
unfunded pension liabilities declined to approximately
$201 million as of the end of 2010 due to investment
performance and plan contributions. The contributions included
accelerated contributions of $25 million in December 2009
and 2010, respectively, to improve plan balances and reduce
future contributions. We anticipate that our pension expense
will increase over 2010 levels.
We have a long-term goal to consistently generate free cash flow
that equals or exceeds 100 percent of our net income. We
define free cash flow as cash flow from continuing operating
activities less capital expenditures plus proceeds from sale of
property and equipment. Free cash flow for the full year 2010
was approximately $211 million, or 106% of our net income;
which included an accelerated contribution to our pension plan
of $25 million in December 2010. We continue to expect to
generate free cash flow in excess of net income from continuing
operations in 2011. We are continuing to target reductions in
working capital and particularly inventory, as a percentage of
sales. See our discussion of Other financial measures
under the caption Liquidity and Capital
Resources in this report for a reconciliation of our free
cash flow.
In 2011, our operating objectives include the following:
Increasing our presence in fast growth regions and vertical
market focus to grow in those markets in which we have
competitive advantages;
Leveraging our technological capabilities to increasingly
generate innovative new products;
Driving operating excellence through lean enterprise
initiatives, with specific focus on sourcing and supply
management, cash flow management and lean operations; and
Focusing on proactive talent development, particularly in
international management and other key functional areas.
We may seek to meet our objectives of expanding our geographic
reach internationally, expanding our presence in our various
channels to market and acquiring technologies and products to
broaden our businesses capabilities to serve additional
markets though acquisitions. We may also consider the
divestiture of discrete business units to further focus our
businesses on their most attractive markets.
RESULTS
OF OPERATIONS
Net
Sales
The components of the net sales change were:
Percentages
2010 vs. 2009
2009 vs. 2008
Volume
12.6
(19.7
)
Price
1.2
Currency
(1.2
)
Net sales
12.6
(19.7
)
Consolidated
net sales
The
12.6 percentage point increase in consolidated net sales in
2010 from 2009 was primarily driven by:
higher sales volume in the Technical Products Group;
higher sales of certain pump, pool and filtration products
primarily related to the stabilization in the North American
residential housing markets and other global markets following
the global recession in 2009; and
increased sales resulting from the Gulf Intracoastal Waterway
Project.
The 19.7 percentage point decrease in consolidated net
sales in 2009 from 2008 was primarily the result of:
lower sales of certain pump, pool and filtration products
primarily related to the downturn in the North American and
Western European residential housing markets and other global
markets;
lower Technical Products Group sales in both the Electrical and
Electronics businesses; and
unfavorable foreign currency effects.
These decreases were partially offset by:
selective increases in selling prices to mitigate inflationary
cost increases; and
an increase in sales volume related to the formation of PRF.
Sales by
segment and
year-over-year
changes were as follows:
The
10.5 percentage point increase in Water Group net sales in
2010 from 2009 was primarily driven by:
organic sales growth of approximately 10.3 percent in 2010
(excluding foreign currency exchange) primarily due to higher
sales of certain pump, pool and filtration products primarily
related to the stabilization in the North American residential
housing markets and other global markets following the global
recession in 2009 primarily related to:
increased sales resulting from the Gulf Intracoastal
Waterway Project;
continued sales growth in India, China and in other emerging
markets in the Asia-Pacific region as well as Latin
America; and
selective increases in selling prices to mitigate
inflationary cost increases.
These
increases were partially offset by:
price concessions in the form of growth rebates.
The
16.2 percentage point decrease in Water Group sales in 2009
from 2008 was primarily the result of:
organic sales decline (excluding acquisitions and foreign
currency exchange) of 16.1 percent primarily due to lower
sales of certain pump, pool and filtration products primarily
related to the downturn in the North American and Western
European residential housing markets and other global
markets; and
unfavorable foreign currency effects.
These
decreases were partially offset by:
selective increases in selling prices to mitigate inflationary
cost increases; and
an increase in sales volume due to the formation of PRF.
Technical
Products Group
The
17.1 percentage point increase in Technical Products Group
net sales in 2010 from 2009 was primarily driven by:
organic sales growth of approximately 17.7 percent in 2010
(excluding foreign currency exchange) primarily related to:
an increase in sales in industrial, general electronics,
communications, energy and infrastructure vertical
markets; and
selective increases in selling prices to mitigate
inflationary cost increases.
These
increases were partially offset by:
unfavorable foreign currency effects in 2010 primarily related
to the euro.
The
26.3 percentage point decrease in Technical Products Group
sales in 2009 from 2008 was primarily the result of:
organic sales decline (excluding foreign currency exchange) of
25.4 percent primarily related to:
a decrease in sales to electrical markets resulting from lower
capital spending by customers in the industrial vertical market;
a decrease in sales to electronics markets that was largely
attributable to reduced spending in the communications and
general electronics vertical markets; and
selective increases in selling prices to mitigate inflationary
cost increases.
Gross
Profit
In thousands
2010
% of sales
2009
% of sales
2008
% of sales
Gross Profit
$
930,640
30.7
%
$
785,135
29.2
%
$
1,014,550
30.3
%
Percentage point change
1.5
pts
(1.1
) pts
The
1.5 percentage point increase in gross profit as a
percentage of sales in 2010 from 2009 was primarily the result
of:
higher sales volumes in our Water and Technical Products Groups
and higher fixed cost absorption resulting from that volume;
cost savings from restructuring actions and other personnel
reductions taken in response to the economic downturn and
resulting volume decline in 2009; and
savings generated from our PIMS initiatives including lean and
supply management practices across both the Water and Technical
Products Groups.
These
increases were partially offset by:
inflationary increases related to certain raw materials and
labor and related costs.
The
1.1 percentage point decrease in gross profit as a percent
of sales in 2009 from 2008 was primarily the result
of:
lower sales of certain pump, pool and filtration products
primarily related to the downturn in the North American and
Western European residential housing markets and other global
market downturns;
lower sales volume in our Technical Products Group and lower
fixed cost absorption resulting from that volume decline;
inflationary increases related to raw materials and labor
costs; and
period restructuring costs and write-offs of inventory
associated with the consolidation of facilities.
These
decreases were partially offset by:
cost savings from restructuring actions and other personnel
reductions taken in response to the current economic downturn
and resulting volume decline;
selective increases in selling prices in our Water and Technical
Products Groups to mitigate inflationary cost increases;
savings generated from our PIMS initiatives, including lean and
supply management practices; and
higher cost of goods sold in 2008 as a result of a fair market
value inventory
step-up
related to the formation of PRF.
Includes Legal settlement in 2008
of $20.4 million, which is presented on a separate line in
the Consolidated Statements of Income
The
1.3 percentage point decrease in SG&A expense as a
percentage of sales in 2010 from 2009 was primarily due
to:
higher sales volume in both our Water and Technical Products
Groups, which resulted in increased leverage on the fixed
operating expenses;
reduced costs related to restructuring actions taken throughout
2009 to consolidate facilities and streamline general and
administrative costs;
impairment charge of $11.3 million in 2009 for selected
trade names resulting from volume declines; and
insurance proceeds related to the Horizon litigation and other
legal settlements received in 2010.
These
decreases were partially offset by:
continued investments in future growth with emphasis on growth
in international markets, including personnel and business
infrastructure investments; and
certain increases for labor and related costs as well as
reinstatement of certain employee benefits.
The
0.1 percentage point increase in SG&A expense as a
percent of sales in 2009 from 2008 was primarily the result
of:
lower sales volume and the resultant loss of leverage on the
SG&A expense spending;
expense associated with incremental restructuring actions in
both our Water and Technical Products Groups in 2009;
impairment charge of $11.3 million for selected trade names
resulting from significant volume declines;
higher costs associated with the integration of and intangible
amortization related to the June 2008 formation of PRF; and
continued investments in future growth with emphasis on growth
in international markets, including personnel and business
infrastructure investments.
These
increases were offset by:
2008 charges for the Horizon legal settlement, which were
non-recurring in 2009; and
reduced costs related to productivity actions taken throughout
2008 and 2009 to consolidate facilities and streamline general
and administrative costs.
Research
and development (R&D)
In thousands
2010
% of sales
2009
% of sales
2008
% of sales
R&D
$
67,156
2.2
%
$
57,884
2.2
%
$
62,450
1.9
%
Percentage point change
pts
0.3 pts
R&D
expense as a percentage of sales in 2010 was flat compared to
2009 primarily as a result of:
Continued investments in the development of new products to
generate growth in line with higher sales volume.
The
0.3 percentage point increase in R&D expense as a
percent of sales in 2009 from 2008 was primarily the result
of:
lower sales volume and the resultant loss of leverage on the
R&D expense spending.
Operating
income
Water
Group
In thousands
2010
% of sales
2009
% of sales
2008
% of sales
Operating income
$
231,588
11.3
%
$
163,745
8.9
%
$
206,357
9.4
%
Percentage point change
2.4 pts
(0.5
) pts
The
2.4 percentage point increase in Water segment operating
income as a percentage of net sales in 2010 as compared to 2009
was primarily the result of:
higher sales volume in our Water Group, which resulted in
increased leverage of the fixed cost base;
cost savings from restructuring actions and other personnel
reductions taken throughout 2009 to consolidate and streamline
operations;
savings generated from our PIMS initiatives including lean and
supply management practices;
impairment change of $11.3 million in 2009 for selected
trade names resulting from volume declines; and
insurance proceeds related to the Horizon litigation and other
legal settlements received in 2010.
These
increases were offset by:
cost increases for certain raw materials and labor as well as
reinstatement of certain employee benefits; and
continued investment in future growth with emphasis on growth in
international markets.
The
0.5 percentage point decrease in Water Group operating
income as a percent of net sales in 2009 from 2008 was primarily
the result of:
lower sales of certain pump, pool and filtration products
resulting from the downturn in the North American and Western
European residential housing markets;
inflationary increases related to raw materials and labor;
incremental restructuring actions taken in 2009;
continued investments in future growth with emphasis on growth
in international markets, including personnel and business
infrastructure investments;
impairment charge of $11.3 million for selected trade names
resulting from significant volume declines; and
higher costs associated with the integration of and intangible
amortization related to the June 2008 formation of PRF.
These
decreases were partially offset by:
selective increases in selling prices to mitigate inflationary
cost increases;
cost savings from restructuring actions and other personnel
reductions taken in response to the current economic downturn
and resulting volume decline;
savings generated from our PIMS initiatives including lean and
supply management practices; and
2008 charges for the Horizon legal settlement, which were
non-recurring in 2009.
The
3.4 percentage point increase in Technical Products Group
operating income as a percentage of sales in 2010 from 2009 was
primarily the result of:
higher gross margins due to higher sales volumes in the
Technical Products Group;
cost savings from restructuring actions and other personnel
reductions taken in response to the economic downturn and
resulting volume decline in 2009;
savings generated from our PIMS initiatives including lean and
supply management practices; and
selective increases in selling prices to mitigate inflationary
cost increases.
These
increases were partially offset by:
cost increases for certain raw materials and labor as well as
reinstatement of certain employee benefits; and
continued investment in future growth with emphasis on growth in
international markets, including personnel and business
infrastructure investments.
The
2.9 percentage point decrease in Technical Products Group
operating income as a percent of net sales in 2009 from 2008 was
primarily the result of:
a decrease in sales to electrical markets resulting from lower
capital spending by customers in the industrial vertical market;
a decrease in sales into electronics markets that was largely
attributable to reduced spending in the communications and
general electronics vertical markets;
lower fixed cost absorption resulting from the sales volume
decline; and
incremental restructuring actions taken in 2009 and associated
period costs related to the closure of certain facilities.
These
decreases were partially offset by:
cost savings from restructuring actions and other personnel
reductions taken in response to the current economic downturn
and resulting volume decline;
savings generated from our PIMS initiatives, including lean and
supply management practices; and
lower material cost for key commodities such as carbon steel.
Net interest expense
In thousands
2010
2009
$ change
% change
2009
2008
$ change
% change
Net interest expense
$
36,116
$
41,118
$
(5,002
)
(12.2
)%
$
41,118
$
59,435
$
(18,317
)
(30.8
)%
The
12.2 percentage point decrease in interest expense from
2010 from 2009 was primarily the result of:
the favorable impact of lower debt levels in 2010 as compared to
2009 in addition to the redemption on April 15, 2009 of our
7.85% Senior Notes due 2009 (the Notes).
The
30.8 percentage point decrease in interest expense in 2009
from 2008 was primarily the result of:
favorable impact of lower variable interest rates and lower debt
levels in part attributable to the redemption on April 15,
2009 of the Notes.
Gain
on sale of interest in subsidiaries
On June 28, 2008, we entered into a transaction with GE
that was accounted for as an acquisition of an 80.1 percent
ownership interest in GEs global water softener and
residential water filtration business in exchange for a
19.9 percent interest in our global water softener and
residential water filtration business. The acquisition was
effected through the formation of two new entities, a
U.S. entity and an international entity into which we and
GE contributed certain assets, properties, liabilities and
operations representing our respective global water softener and
residential water filtration businesses. We are an
80.1 percent owner of the new entities and GE is a
19.9 percent owner. The acquisition and related sale of our
19.9 percent interest resulted in a gain of
$109.6 million representing the difference between the
carrying amount and the fair value of the 19.9 percent
interest sold.
Loss
on early extinguishment of debt
On July 8, 2008, we commenced a cash tender offer for all
of our outstanding $250 million aggregate principal of the
Notes. Upon expiration of the tender offer on August 4,
2008, we purchased $116.1 million aggregate principal
amount of the Notes. As a result of this transaction, we
recognized a loss of $4.6 million on early extinguishment
of debt in 2008. The loss included the write off of
$0.1 million in unamortized deferred financing fees in
addition to recognition of $0.6 million in previously
unrecognized swap gains and cash paid of $5.1 million
related to the tender premium and other costs associated with
the purchase.
On March 16, 2009, we announced the redemption of all of
our remaining outstanding $133.9 million aggregate
principal of Notes. The Notes were redeemed on April 15,
2009 at a redemption price of $1,035.88 per $1,000 of principal
outstanding plus accrued interest thereon. As a result of this
transaction, we recognized a loss of $4.8 million on early
extinguishment of debt in the second quarter of 2009. The loss
included the write off of $0.1 million in unamortized
deferred financing fees in addition to recognition of
$0.3 million in previously unrecognized swap gains and cash
paid of $5.0 million related to the redemption and other
costs associated with the purchase.
Provision
for income taxes
In thousands
2010
2009
2008
Income from continuing operations before income taxes and
noncontrolling interest
$
300,147
$
172,647
$
367,140
Provision for income taxes
97,200
56,428
108,344
Effective tax rate
32.4
%
32.7
%
29.5
%
The
0.3 percentage point decrease in the effective tax rate in
2010 from 2009 was primarily the result of:
the mix of global earnings.
The
3.2 percentage point increase in the tax rate in 2009 from
2008 was primarily the result of:
a portion of the gain on the formation of PRF in 2008 being
taxed at a rate of 0%.
This
increase was partially offset by:
favorable adjustments in 2009 related to prior years tax
returns.
We expect our full year effective tax rate in 2011 to be between
32% and 32.5%. We will continue to pursue tax rate reduction
opportunities.
We generally fund cash requirements for working capital, capital
expenditures, equity investments, acquisitions, debt repayments,
dividend payments and share repurchases from cash generated from
operations, availability under existing committed revolving
credit facilities and in certain instances, public and private
debt and equity offerings. We have grown our businesses in
significant part in the past through acquisitions financed by
credit provided under our revolving credit facilities and from
time to time, by private or public debt issuance. Our primary
revolving credit facilities have generally been adequate for
these purposes, although we have negotiated additional credit
facilities as needed to allow us to complete acquisitions; these
are temporary loans that have in the past been repaid within
less than a year.
We are focusing on increasing our cash flow and repaying
existing debt, while continuing to fund our research and
development, marketing and capital investment initiatives. Our
intent is to maintain investment grade ratings and a solid
liquidity position.
Our current $800 million multi-currency revolving credit
facility (the Credit Facility) expires on
June 4, 2012. The agent banks under the Credit Facility are
J.P. Morgan, Bank of America, Wells Fargo, U.S. Bank
and Bank of Tokyo-Mitsubishi. We believe we have ample borrowing
capacity for our currently projected operating needs. Our
availability under the Credit Facility was $702.5 million
at December 31, 2010, which was not limited by any of the
credit agreements financial covenants as of that date.
We experience seasonal cash flows primarily due to seasonal
demand in a number of markets within our Water Group. We
generally borrow in the first quarter of our fiscal year for
operational purposes, which usage reverses in the second quarter
as the seasonality of our businesses peaks. End-user demand for
pool and certain pumping equipment follows warm weather trends
and is at seasonal highs from April to August. The magnitude of
the sales spike is partially mitigated by employing some advance
sale early buy programs (generally including
extended payment terms
and/or
additional discounts). Demand for residential and agricultural
water systems is also impacted by weather patterns, particularly
by heavy flooding and droughts.
Operating
activities
Cash provided by operating activities was $270.4 million in
2010 or $12.0 million higher than in 2009. The increase in
cash provided by operating activities was due primarily to
higher income from continuing operations offset by increased
working capital necessary to support revenue growth.
Cash provided by operating activities was $258.4 million in
2009 or $54.2 million higher than in 2008. The increase in
cash provided by operating activities was due primarily to a
reduction in working capital, offset by an accelerated pension
contribution of $25 million and lower income from
continuing operations.
In December 2008, we sold approximately $44 million of a
customers account receivable to a third-party financial
institution to mitigate accounts receivable concentration risk.
Sales of accounts receivable are reflected as a reduction of
accounts receivable in our Consolidated Balance Sheets and the
proceeds are included in the cash flows from operating
activities in our Consolidated Statements of Cash Flows. In 2008
we incurred a loss in the amount of $0.5 million related to
the sale of accounts receivable which is included in the line
item Other in our Consolidated Statements of Income.
We did not undertake a similar sale of customer receivables in
2009 or 2010.
Investing
activities
Capital expenditures in 2010, 2009 and 2008 were
$59.5 million, $54.1 million and $53.1 million,
respectively. We anticipate capital expenditures for fiscal 2011
to be approximately $60 to $65 million, primarily for
capacity expansions in our low cost country manufacturing
facilities, new product development and general maintenance
capital.
On December 15, 2008, we sold our Spa and Bath
(Spa/Bath) business to Balboa Water Group in a cash
transaction for $9.2 million. The results of Spa/Bath have
been reported as discontinued operations for all periods
presented.
On February 28, 2008, we sold our National Pool Tile
(NPT) business to Pool Corporation in a cash
transaction for $29.8 million. The results of NPT have been
reported as discontinued operations for all periods presented.
Cash proceeds from the sale of property and equipment of
$0.4 million in 2010 and $1.2 million in 2009 was
primarily related to various asset dispositions. Cash proceeds
from the sale of property and equipment of $4.7 million in
2008 was primarily related to the sale of a facility in our
Water Group.
Financing
activities
Net cash used for financing activities was $190.6 in 2010,
$209.1 million in 2009 and $217.2 in 2008. The decrease
primarily relates to fluctuations in liquidity. Financing
activities included draw downs and repayments on our revolving
credit facilities to fund our operations in the normal course of
business, payments of dividends, cash received/used for stock
issued to employees, repurchase of common stock and tax benefits
related to stock-based compensation.
The Credit Facility creates an unsecured, committed revolving
credit facility of up to $800 million, with multi-currency
sub facilities to support investments outside the
U.S. Borrowings under the Credit Facility bear interest at
the rate of LIBOR plus 0.625%. Interest rates and fees on the
Credit Facility vary based on our credit ratings. We believe
that internally generated funds and funds available under our
Credit Facility will be sufficient to support our normal
operations, dividend payments, stock repurchases and debt
maturities over the life of the Credit Facility.
We are authorized to sell short-term commercial paper notes to
the extent availability exists under the Credit Facility. We use
the Credit Facility as
back-up
liquidity to support 100% of commercial paper outstanding. Our
use of commercial paper as a funding vehicle depends upon the
relative interest rates for our commercial paper compared to the
cost of borrowing under our Credit Facility. As of
December 31, 2010 and 2009 we had no outstanding commercial
paper.
Our debt agreements contain certain financial covenants, the
most restrictive of which is a leverage ratio (total
consolidated indebtedness, as defined, over consolidated
earnings before interest, taxes, depreciation and amortization
(EBITDA), as defined) that may not exceed 3.5 to
1.0. We were in compliance with all covenants under our debt
agreements as of December 31, 2010.
In addition to the Credit Facility, we have $40.0 million
of uncommitted credit facilities, under which we had
$4.8 million of borrowings as of December 31, 2010.
Our current credit ratings are as follows:
Long-Term Debt
Current Rating
Rating Agency
Rating
Outlook
Standard & Poors
BBB-
Stable
Moodys
Baa3
Stable
Our long-term debt rating is an investment grade rating.
Investment grade is a credit rating of BBB- or higher by
Standard & Poors or Baa3 or higher by
Moodys.
On March 28, 2010, Standard & Poors
(S&P) affirmed our BBB- rating with a stable
outlook. On April 6, 2010, Moodys affirmed our Baa3
rating and changed our current rating outlook from negative to
stable.
A credit rating is a current opinion of the creditworthiness of
an obligor with respect to a specific financial obligation, a
specific class of financial obligations or a specific financial
program. The credit rating takes into consideration the
creditworthiness of guarantors, insurers or other forms of
credit enhancement on the obligation and takes into account the
currency in which the obligation is denominated. The ratings
outlook also highlights the potential direction of a short or
long-term rating. It focuses on identifiable events and
short-term trends that cause ratings to be placed under
observation by the respective rating agencies. A change in
rating outlook does not mean a rating change is inevitable.
Prior changes in our ratings outlook have had no immediate
impact on our liquidity exposure or on our cost of debt. We
believe the potential impact of a downgrade in our financial
outlook is currently not material to our liquidity exposure or
cost of debt.
We issue short-term commercial paper notes that are currently
not rated by Standard & Poors or Moodys.
Even though our short-term commercial paper is unrated, we
believe a downgrade in our long-term debt rating could have a
negative impact on our ability to continue to issue unrated
commercial paper.
We do not expect that a one rating downgrade of our long-term
debt by either Standard & Poors or Moodys
would substantially affect our ability to access the long-term
debt capital markets. However, depending upon market conditions,
the amount, timing and pricing of new borrowings could be
adversely affected. If both of our long-term debt ratings were
downgraded to below BBB-/Baa3, our flexibility to access the
term debt capital markets would be reduced.
We expect to continue to have cash requirements to support
working capital needs and capital expenditures, to pay interest
and service debt and to pay dividends to shareholders annually.
We have the ability and sufficient capacity to meet these cash
requirements, by using available cash and internally generated
funds and to borrow under our committed and uncommitted credit
facilities.
We paid dividends in 2010 of $75.5 million, compared with
$70.9 million in 2009 and $67.3 million in 2008. We
recently announced an increase in our dividend rate for 2011
from $0.76 per share in 2010 to $0.80 per share in 2011, which
is the 35th consecutive year in which we have increased our
dividend.
In December 2007, the Board of Directors authorized the
repurchase of shares of our common stock during 2008 up to a
maximum dollar limit of $50 million. As of
December 31, 2008, we had purchased 1,549,893 shares
for $50 million pursuant to this authorization. This
authorization expired on December 31, 2008. No
authorization for the repurchase of shares of our common stock
was sought from or granted by our Board for 2009. On
July 27, 2010 the Board of Directors authorized the
repurchase of shares of our common stock up to a maximum dollar
limit of $25 million. As of December 31, 2010 we had
repurchased 734,603 shares for $25 million pursuant to
this plan. In December 2010, the Board of Directors authorized
the repurchase of shares of our common stock up to a maximum
dollar limit of $25 million. The authorization expires
December 2011.
The following summarizes our significant contractual
obligations that impact our liquidity:
Payments Due by Period
More than
In thousands
2011
2012
2013
2014
2015
5 Years
Total
Long-term debt obligations
$
4,951
$
202,517
$
200,003
$
1
$
$
300,000
$
707,472
Interest obligations on fixed-rate debt , including effects of
derivative financial instruments
33,524
30,697
26,550
17,610
17,610
26,415
152,406
Operating lease obligations, net of sublease rentals
21,088
17,521
12,250
9,337
7,458
11,865
79,519
Pension and post retirement plan contributions
36,100
34,500
32,900
9,800
10,700
108,200
232,200
Other long-term liabilities
235
118
353
Total contractual cash
obligations, net
$
95,898
$
285,353
$
271,703
$
36,748
$
35,768
$
446,480
$
1,171,950
In addition to the summary of significant contractual
obligations, we will incur annual interest expense on
outstanding variable rate debt. As of December 31, 2010,
variable interest rate debt, including the effects of derivative
financial instruments, was $102.4 million at a weighted
average interest rate of 1.05%.
The estimated annual pension plan contribution amounts are
intended to achieve fully funded status of our domestic
qualified pension plan in accordance with the Pension Protection
Act of 2006.
Pension and post retirement plan contributions are based on an
assumed discount rate of 5.9% for all periods and an expected
rate of return on plan assets ranging from 6.0% to 8.0%. In
December 2010 and 2009 we made accelerated contributions of
$25 million to our defined benefit pension plan.
The total gross liability for uncertain tax positions at
December 31, 2010 is estimated to be approximately
$24.3 million. We record penalties and interest related to
unrecognized tax benefits in Provision for income taxes
and Interest expense, respectively, which is
consistent with our past practices. As of December 31,
2010, we had recorded approximately $0.8 million for the
possible payment of penalties and $4.8 million related to
the possible payment of interest.
Other
financial measures
In addition to measuring our cash flow generation or usage based
upon operating, investing and financing classifications included
in the Consolidated Statements of Cash Flows, we also measure
our free cash flow. We have a long-term goal to consistently
generate free cash flow that equals or exceeds 100% conversion
of net income from continuing operations. Free cash flow is a
non-Generally Accepted Accounting Principles financial measure
that we use to assess our cash flow performance. We believe free
cash flow is an important measure of operating performance
because they provide us and our investors a measurement of cash
generated from operations that is available to pay dividends,
make acquisitions, repay debt and repurchase shares. In
addition, free cash flow is used as a criterion to measure and
pay compensation-based incentives. Our measure of free cash flow
may not be comparable to similarly titled measures reported by
other companies. The following table is a reconciliation of free
cash flow:
Twelve Months Ended December 31
In thousands
2010
2009
2008
Net cash provided by (used for) continuing operations
$
270,376
$
259,900
$
212,612
Capital expenditures
(59,523
)
(54,137
)
(53,089
)
Proceeds from sale of property and equipment
358
1,208
4,741
Free cash flow
$
211,211
$
206,971
$
164,264
Off-balance
sheet arrangements
At December 31, 2010, we had no off-balance sheet financing
arrangements.
COMMITMENTS
AND CONTINGENCIES
Environmental
We have been named as defendants, targets or PRP in a small
number of environmental
clean-ups,
in which our current or former business units have generally
been given de minimis status. To date, none of these
claims have resulted in
clean-up
costs, fines, penalties or damages in an amount material to our
financial position or results of operations. We have disposed of
a number of businesses in recent years and in certain cases,
such as the disposition of the Cross Pointe Paper Corporation
uncoated paper business in 1995, the disposition of the Federal
Cartridge Company ammunition business in 1997, the disposition
of Lincoln Industrial in 2001 and the disposition of the Tools
Group in 2004, we have retained responsibility and potential
liability for certain environmental obligations. We have
received claims for indemnification from purchasers of these
businesses and have established what we believe to be adequate
accruals for potential liabilities arising out of retained
responsibilities. We settled some of the claims in prior years;
to date our recorded accruals have been adequate.
In addition, there are ongoing environmental issues at a limited
number of sites relating to operations no longer carried out at
the sites. We have established what we believe to be adequate
accruals for remediation costs at these sites. We do not believe
that projected response costs will result in a material
liability.
We may be named as a PRP at other sites in the future, for both
divested and acquired businesses. When the outcome of the matter
is probable and it is possible to provide reasonable estimates
of our liability with respect to environmental sites, provisions
have been made in accordance with generally accepted accounting
principles in the United States (GAAP). As of
December 31, 2010 and 2009, our undiscounted reserves for
such environmental liabilities were approximately
$1.3 million and $2.3 million, respectively. We cannot
ensure that environmental requirements will not change or become
more stringent over time or that our eventual environmental
clean-up
costs and liabilities will not exceed the amount of our current
reserves.
In the ordinary course of business, we are required to commit to
bonds that require payments to our customers for any
non-performance. The outstanding face value of the bonds
fluctuates with the value of our projects in process and in our
backlog. In addition, we issue financial stand-by letters of
credit primarily to secure our performance to third parties
under self-insurance programs and certain legal matters. As of
December 31, 2010 and 2009, the outstanding value of these
instruments totaled $116.5 million and $51.2 million,
respectively.
NEW
ACCOUNTING STANDARDS
See ITEM 8, Note 1 of the Notes to Consolidated
Financial Statements for information pertaining to recently
adopted accounting standards or accounting standards to be
adopted in the future.
CRITICAL
ACCOUNTING POLICIES
We have adopted various accounting policies to prepare the
consolidated financial statements in accordance with accounting
principles generally accepted in the United States. Our
significant accounting policies are more fully described in
ITEM 8, Note 1 of the Notes to Consolidated Financial
Statements. Certain of our accounting policies require the
application of significant judgment by management in selecting
the appropriate assumptions for calculating financial estimates.
By their nature, these judgments are subject to an inherent
degree of uncertainty. These judgments are based on our
historical experience, terms of existing contracts, our
observance of trends in the industry and information available
from other outside sources, as appropriate. We consider an
accounting estimate to be critical if:
it requires us to make assumptions about matters that were
uncertain at the time we were making the estimate; and
changes in the estimate or different estimates that we could
have selected would have had a material impact on our financial
condition or results of operations.
Our critical accounting estimates include the following:
Impairment
of Goodwill and Indefinite-Lived Intangibles
Goodwill
Goodwill represents the excess of the cost of acquired
businesses over the fair value of identifiable tangible net
assets and identifiable intangible assets purchased.
Goodwill is tested at least annually for impairment and is
tested for impairment more frequently if events or changes in
circumstances indicate that the asset might be impaired. The
impairment test is performed using a two-step process. In the
first step, the fair value of each reporting unit is compared
with the carrying amount of the reporting unit, including
goodwill. If the estimated fair value is less than the carrying
amount of the reporting unit, an indication that goodwill
impairment exists and a second step must be completed in order
to determine the amount of the goodwill impairment, if any, that
should be recorded. In the second step, an impairment loss is
recognized for any excess of the carrying amount of the
reporting units goodwill over the implied fair value of
that goodwill. The implied fair value of goodwill is determined
by allocating the fair value of the reporting unit in a manner
similar to a purchase price allocation.
The fair value of each reporting unit is determined using a
discounted cash flow analysis and market approach. Projecting
discounted future cash flows requires us to make significant
estimates regarding future revenues and expenses, projected
capital expenditures, changes in working capital and the
appropriate discount rate. Use of the market approach consists
of comparisons to comparable publicly-traded companies that are
similar in size and industry. Actual results may differ from
those used in our valuations.
In developing our discounted cash flow analysis, assumptions
about future revenues and expenses, capital expenditures and
changes in working capital are based on our annual operating
plan and long-term business plan for each of our reporting
units. These plans take into consideration numerous factors
including historical experience, anticipated future economic
conditions, changes in raw material prices and growth
expectations for the industries and end markets we participate
in. These assumptions are determined over a five year long-term
planning period. The five year growth rates for revenues and
operating profits vary for each reporting unit
being evaluated. Revenues and operating profit beyond 2017 are
projected to grow at a 3% perpetual growth rate for all
reporting units.
Discount rate assumptions for each reporting unit take into
consideration our assessment of risks inherent in the future
cash flows of the respective reporting unit and our
weighted-average cost of capital. We utilized a discount rate
ranging from 13% to 15% in determining the discounted cash flows
in our fair value analysis.
In estimating fair value using the market approach, we identify
a group of comparable publicly-traded companies for each
operating segment that are similar in terms of size and product
offering. These groups of comparable companies are used to
develop multiples based on total market-based invested capital
as a multiple of EBITDA. We determine our estimated values by
applying these comparable EBITDA multiples to the operating
results of our reporting units. The ultimate fair value of each
reporting unit is determined considering the results of both
valuation methods.
We completed step one of our annual goodwill impairment
evaluation during the fourth quarter with each reporting
units fair value exceeding its carrying value.
Accordingly, step two of the impairment analysis was not
required.
In connection with our annual impairment test, we determined
that the fair value of one of our reporting units did not exceed
its carrying value by a significant amount. Goodwill for this
reporting unit was $436.6 million at December 31,
2010. If cash flow projections decreased by 2.7% or if the
discount rate increased by 50 basis points (the discount
rate used in the impairment analysis was 13.5%), this reporting
unit would have failed the step one test and a step two analysis
would have been required.
Indefinite-Lived
Intangibles
Our primary identifiable intangible assets include trade marks
and trade names, patents, non-compete agreements, proprietary
technology and customer relationships. Identifiable intangibles
with finite lives are amortized and those identifiable
intangibles with indefinite lives are not amortized.
Identifiable intangible assets that are subject to amortization
are evaluated for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be
recoverable. Identifiable intangible assets not subject to
amortization are tested for impairment annually or more
frequently if events warrant. During the fourth quarter of 2010
and 2009, we completed our annual impairment test for those
identifiable assets not subject to amortization. There were no
impairment charges recorded in 2010. We recorded impairment
charges of $11.3 million in 2009. These charges were
recorded in Selling, general and administrative in our
Consolidated Statements of Income.
The impairment test consists of a comparison of the fair value
of the trade name with its carrying value. Fair value is
measured using the relief-from-royalty method. This method
assumes the trade name has value to the extent that the owner is
relieved of the obligation to pay royalties for the benefits
received from them. This method requires us to estimate the
future revenue for the related brands, the appropriate royalty
rate and the weighted average cost of capital. The impairment
charge recorded in 2009 was the result of significant declines
in sales volume.
At December 31, 2010 our goodwill and intangible assets
were approximately $2,519.6 million and represented
approximately 63.4% of our total assets. If we experience
further declines in sales and operating profit or do not meet
our operating forecasts, we may be subject to future
impairments. Additionally, changes in assumptions regarding the
future performance of our businesses, increases in the discount
rate used to determine the discounted cash flows of our
businesses or significant declines in our stock price or the
market as a whole could result in additional impairment
indicators. Because of the significance of our goodwill and
intangible assets, any future impairment of these assets could
have a material adverse effect on our financial results.
Impairment
of Long-lived Assets
We review the recoverability of long-lived assets to be held and
used, such as property, plant and equipment, when events or
changes in circumstances occur that indicate the carrying value
of the asset or asset group may not be recoverable. The
assessment of possible impairment is based on our ability to
recover the carrying
value of the asset or asset group from the expected future
pre-tax cash flows (undiscounted and without interest charges)
of the related operations. If these cash flows are less than the
carrying value of such asset, an impairment loss is recognized
for the difference between estimated fair value and carrying
value. Impairment losses on long-lived assets held for sale are
determined in a similar manner, except that fair values are
reduced for the cost to dispose of the assets. The measurement
of impairment requires us to estimate future cash flows and the
fair value of long-lived assets.
Pension
We sponsor domestic and foreign defined-benefit pension and
other post-retirement plans. The amounts recognized in our
consolidated financial statements related to our defined-benefit
pension and other post-retirement plans are determined from
actuarial valuations. Inherent in these valuations are
assumptions including expected return on plan assets, discount
rates, rate of increase in future compensation levels and health
care cost trend rates. These assumptions are updated annually
and are disclosed in ITEM 8, Note 12 to the Notes to
Consolidated Financial Statements. Changes to these assumptions
will affect pension expense, pension contributions and the
funded status of our pension plans.
We recognize the overfunded or underfunded status of our defined
benefit and retiree medical plans as an asset or liability in
our Consolidated Balance Sheets, with changes in the funded
status recognized through comprehensive income in the year in
which they occur.
Discount
rate
The discount rate reflects the current rate at which the pension
liabilities could be effectively settled at the end of the year
based on our December 31 measurement date. The discount rate was
determined by matching our expected benefit payments to payments
from a stream of AA or higher bonds available in the
marketplace, adjusted to eliminate the effects of call
provisions. This produced a discount rate for our
U.S. plans of 5.90% in 2010, 6.00% in 2009 and 6.50% in
2008. The discount rates on our foreign plans ranged from 0.75%
to 5.40% in 2010, 2.00% to 6.00% in 2009 and 2.00% to 6.25% in
2008. There are no other known or anticipated changes in our
discount rate assumption that will impact our pension expense in
2011.
Expected
rate of return
Our expected rate of return on plan assets was 8.5% for 2010,
2009 and 2008. The expected rate of return is designed to be a
long-term assumption that may be subject to considerable
year-to-year
variance from actual returns. In developing the expected
long-term rate of return, we considered our historical returns,
with consideration given to forecasted economic conditions, our
asset allocations, input from external consultants and broader
longer-term market indices.
We base our determination of pension expense or income on a
market-related valuation of assets which reduces
year-to-year
volatility. This market-related valuation recognizes investment
gains or losses over a five-year period from the year in which
they occur. Investment gains or losses for this purpose are the
difference between the expected return calculated using the
market-related value of assets and the actual return based on
the market-related value of assets. Since the market-related
value of assets recognizes gains or losses over a
five-year-period,
the future value of assets will be impacted as previously
deferred gains or losses are recorded.
See ITEM 8, Note 12 of the Notes to Consolidated
Financial Statements for further information regarding pension
plans.
ITEM 7A.
QUANTITATIVE
AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Market risk is the potential economic loss that may result from
adverse changes in the fair value of financial instruments. We
are exposed to various market risks, including changes in
interest rates and foreign currency rates. We use derivative
financial instruments to manage or reduce the impact of changes
in interest rates. Counterparties to all derivative contracts
are major financial institutions. All instruments are entered
into for other than trading purposes. The major accounting
policies and utilization of these instruments is described more
fully in ITEM 8, Note 1 of the Notes to Consolidated
Financial Statements.
Failure of one or more of our swap counterparties would result
in the loss of any benefit to us of the swap agreement. In this
case, we would continue to be obligated to pay the variable
interest payments per the underlying debt agreements which are
at variable interest rates of 3 month LIBOR plus .50% for
$105 million of debt and 3 month LIBOR plus .60% for
$100 million of debt. Additionally, failure of one or all
of our swap counterparties would not eliminate our obligation to
continue to make payments under our existing swap agreements if
we continue to be in a net pay position.
Interest
rate risk
Our debt portfolio, excluding impact of swap agreements, as of
December 31, 2010, was comprised of debt predominantly
denominated in U.S. dollars. This debt portfolio is
comprised of 56% fixed-rate debt and 44% variable-rate debt, not
considering the effects of our interest rate swaps. Taking into
account the variable to fixed-rate swap agreements we entered
into with an effective date of April 2006 and August 2007, our
debt portfolio is comprised of 85% fixed-rate debt and 15%
variable-rate debt. Changes in interest rates have different
impacts on the fixed and variable-rate portions of our debt
portfolio. A change in interest rates on the fixed portion of
the debt portfolio impacts the fair value but has no impact on
interest incurred or cash flows. A change in interest rates on
the variable portion of the debt portfolio impacts the interest
incurred and cash flows but does not impact the net financial
instrument position.
Based on the fixed-rate debt included in our debt portfolio, as
of December 31, 2010, a 100 basis point increase or
decrease in interest rates would result in a $20.0 million
increase or decrease in fair value.
Based on the variable-rate debt included in our debt portfolio,
including the interest rate swap agreements, as of
December 31, 2010, a 100 basis point increase or
decrease in interest rates would result in a $1.0 million
increase or decrease in interest incurred.
Foreign
currency risk
We conduct business in various locations throughout the world
and are subject to market risk due to changes in the value of
foreign currencies in relation to our reporting currency, the
U.S. dollar. We generally do not use derivative financial
instruments to manage these risks. The functional currencies of
our foreign operating locations are the local currency in the
country of domicile. We manage these operating activities at the
local level and revenues, costs, assets and liabilities are
generally denominated in local currencies, thereby mitigating
the risk associated with changes in foreign exchange. However,
our results of operations and assets and liabilities are
reported in U.S. dollars and thus will fluctuate with
changes in exchange rates between such local currencies and the
U.S. dollar. From time to time, we may enter in to short
duration foreign currency contracts to hedge foreign currency
risk on intercompany transactions.
MANAGEMENTS
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Management of Pentair, Inc. and its subsidiaries (the
Company) is responsible for establishing and
maintaining adequate internal control over financial reporting,
as such term is defined in
Rules 13a-15(f)
and
15d-15(f) of
the Securities Exchange Act of 1934. The Companys internal
control over financial reporting is designed 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. The Companys internal control over
financial reporting includes those policies and procedures that
(1) pertain to maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and
dispositions of the assets of the Company; (2) provide
reasonable assurance that transactions are recorded as necessary
to permit preparation of the financial statements in accordance
with generally accepted accounting principles and that receipts
and expenditures of the Company are being made only in
accordance with authorizations of management and directors of
the Company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use
or disposition of the Companys assets that could have a
material effect on the financial statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of the effectiveness of
internal control over financial reporting to future periods are
subject to the risk that the controls may become inadequate
because of changes in conditions or that the degree of
compliance with the policies or procedures may deteriorate.
Management assessed the effectiveness of the Companys
internal control over financial reporting as of
December 31, 2010. In making this assessment, management
used the criteria for effective internal control over financial
reporting described in Internal Control-Integrated Framework
issued by the Committee of Sponsoring Organizations of the
Treadway Commission. Based on this assessment, management
believes that, as of December 31, 2010, the Companys
internal control over financial reporting was effective based on
those criteria.
Our independent registered public accounting firm,
Deloitte & Touche LLP, has issued an attestation
report on the Companys internal control over financial
reporting as of year ended December 31, 2010. That
attestation report is set forth immediately following this
management report.
Randall J. Hogan
John L. Stauch
Chairman and Chief Executive Officer
Executive Vice President and Chief Financial Officer
REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of
Pentair, Inc.
We have audited the internal control over financial reporting of
Pentair, Inc. and subsidiaries (the Company) as of
December 31, 2010, based on criteria established in
Internal Control Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway
Commission. The Companys management is responsible for
maintaining effective internal control over financial reporting
and for its assessment of the effectiveness of internal control
over financial reporting, included in the accompanying
Managements Report on Internal Control over Financial
Reporting. Our responsibility is to express an opinion on the
Companys internal control over financial reporting based
on our audit.
We conducted our audit in accordance with the standards of the
Public Company Accounting Oversight Board (United States). Those
standards require that we plan and perform the audit to obtain
reasonable assurance about whether effective internal control
over financial reporting was maintained in all material
respects. Our audit included obtaining an understanding of
internal control over financial reporting, assessing the risk
that a material weakness exists, testing and evaluating the
design and operating effectiveness of internal control based on
the assessed risk and performing such other procedures as we
considered necessary in the circumstances. We believe that our
audit provides a reasonable basis for our opinion.
A companys internal control over financial reporting is a
process designed by, or under the supervision of, the
companys principal executive and principal financial
officers, or persons performing similar functions and effected
by the companys board of directors, management and other
personnel 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. A companys
internal control over financial reporting includes those
policies and procedures that (1) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the
company; (2) provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting
principles and that receipts and expenditures of the company are
being made only in accordance with authorizations of management
and directors of the company; and (3) provide reasonable
assurance regarding prevention or timely detection of
unauthorized acquisition, use, or disposition of the
companys assets that could have a material effect on the
financial statements.
Because of the inherent limitations of internal control over
financial reporting, including the possibility of collusion or
improper management override of controls, material misstatements
due to error or fraud may not be prevented or detected on a
timely basis. Also, projections of any evaluation of the
effectiveness of the internal control over financial reporting
to future periods are subject to the risk that the controls may
become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may
deteriorate.
In our opinion, the Company maintained, in all material
respects, effective internal control over financial reporting as
of December 31, 2010, based on the criteria established in
Internal Control Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway
Commission.
We have also audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States), the
consolidated financial statements and financial statement
schedule listed in the Index at Item 15 as of and for the
year ended December 31, 2010 of the Company and our report
dated February 22, 2011 expressed an unqualified opinion on
those consolidated financial statements and financial statement
schedule.
REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of
Pentair, Inc.
We have audited the accompanying consolidated balance sheets of
Pentair, Inc. and subsidiaries (the Company) as of
December 31, 2010 and 2009 and the related consolidated
statements of income, changes in shareholders equity and
cash flows for each of the three years in the period ended
December 31, 2010. Our audits also included the financial
statement schedule listed in the Index at Item 15. These
financial statements and financial statement schedule are the
responsibility of the Companys management. Our
responsibility is to express an opinion on the financial
statements and financial statement schedule based on our audits.
We conducted our audits in accordance with the standards of the
Public Company Accounting Oversight Board (United States). Those
standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by
management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, such consolidated financial statements present
fairly, in all material respects, the financial position of the
Company and subsidiaries at December 31, 2010 and 2009 and
the results of their operations and their cash flows for each of
the three years in the period ended December 31, 2010, in
conformity with accounting principles generally accepted in the
United States of America. Also, in our opinion, such financial
statement schedule, when considered in relation to the basic
consolidated financial statements taken as a whole, present
fairly, in all material respects, the information set forth
therein.
We have also audited, in accordance with the standards of the
Public Company Accounting Oversight Board (United States), the
Companys internal control over financial reporting as of
December 31, 2010, based on the criteria established in
Internal Control Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway
Commission and our report dated February 22, 2011 expressed
an unqualified opinion on the Companys internal control
over financial reporting.
Our fiscal year ends on December 31. We
report our interim quarterly periods on a 13-week basis ending
on a Saturday.
Principles
of consolidation
The accompanying consolidated financial statements include the
accounts of Pentair and all subsidiaries, both U.S. and
non-U.S.,
that we control. Intercompany accounts and transactions have
been eliminated. Investments in companies of which we own 20% to
50% of the voting stock or have the ability to exercise
significant influence over operating and financial policies of
the investee are accounted for using the equity method of
accounting and as a result, our share of the earnings or losses
of such equity affiliates is included in the Consolidated
Statements of Income.
Use of
estimates
The preparation of our consolidated financial statements in
conformity with accounting principles generally accepted in the
United States of America (GAAP) requires us to make
estimates and assumptions that affect the amounts reported in
these consolidated financial statements and accompanying notes.
Due to the inherent uncertainty involved in making estimates,
actual results reported in future periods may be based upon
amounts that could differ from those estimates. The critical
accounting policies that require our most significant estimates
and judgments include:
the assessment of recoverability of long-lived assets, including
goodwill and indefinite-life intangibles; and
accounting for pension benefits, because of the importance in
making the estimates necessary to apply these policies.
Revenue
recognition
We recognize revenue when it is realized or realizable and has
been earned. Revenue is recognized when persuasive evidence of
an arrangement exists; shipment or delivery has occurred
(depending on the terms of the sale); the sellers price to
the buyer is fixed or determinable; and collectability is
reasonably assured.
Generally, there is no post-shipment obligation on product sold
other than warranty obligations in the normal and ordinary
course of business. In the event significant post-shipment
obligations were to exist, revenue recognition would be deferred
until substantially all obligations were satisfied.
Sales
returns
The right of return may exist explicitly or implicitly with our
customers. Our return policy allows for customer returns only
upon our authorization. Goods returned must be product we
continue to market and must be in salable condition. Returns of
custom or modified goods are normally not allowed. At the time
of sale, we reduce revenue for the estimated effect of returns.
Estimated sales returns include consideration of historical
sales levels, the timing and magnitude of historical sales
return levels as a percent of sales, type of product, type of
customer and a projection of this experience into the future.
Pricing
and sales incentives
We record estimated reductions to revenue for customer programs
and incentive offerings including pricing arrangements,
promotions and other volume-based incentives at the later of the
date revenue is recognized or the incentive is offered. Sales
incentives given to our customers are recorded as a reduction of
revenue unless we (1) receive an identifiable benefit for
the goods or services in exchange for the consideration and
(2) we
Notes to
consolidated financial statements
(continued)
can reasonably estimate the fair value of the benefit received.
The following represents a description of our pricing
arrangements, promotions and other volume-based incentives:
Pricing
arrangements
Pricing is established up front with our customers and we record
sales at the
agreed-upon
net selling price. However, one of our businesses allows
customers to apply for a refund of a percentage of the original
purchase price if they can demonstrate sales to a qualifying OEM
customer. At the time of sale, we estimate the anticipated
refund to be paid based on historical experience and reduce
sales for the probable cost of the discount. The cost of these
refunds is recorded as a reduction in gross sales.
Promotions
Our primary promotional activity is what we refer to as
cooperative advertising. Under our cooperative advertising
programs, we agree to pay the customer a fixed percentage of
sales as an allowance that may be used to advertise and promote
our products. The customer is generally not required to provide
evidence of the advertisement or promotion. We recognize the
cost of this cooperative advertising at the time of sale. The
cost of this program is recorded as a reduction in gross sales.
Volume-based
incentives
These incentives involve rebates that are negotiated up front
with the customer and are redeemable only if the customer
achieves a specified cumulative level of sales or sales
increase. Under these incentive programs, at the time of sale,
we reforecast the anticipated rebate to be paid based on
forecasted sales levels. These forecasts are updated at least
quarterly for each customer and sales are reduced for the
anticipated cost of the rebate. If the forecasted sales for a
customer changes, the accrual for rebates is adjusted to reflect
the new amount of rebates expected to be earned by the customer.
Shipping
and handling costs
Amounts billed to customers for shipping and handling are
recorded in Net sales in the accompanying Consolidated
Statements of Income. Shipping and handling costs incurred by
Pentair for the delivery of goods to customers are included in
Cost of goods sold in the accompanying Consolidated
Statements of Income.
Research
and development
We conduct research and development (R&D)
activities in our own facilities, which consist primarily of the
development of new products, product applications and
manufacturing processes. We expense R&D costs as incurred.
R&D expenditures during 2010, 2009 and 2008 were
$67.2 million, $57.9 million and $62.5 million,
respectively.
Cash
equivalents
We consider highly liquid investments with original maturities
of three months or less to be cash equivalents.
Trade
receivables and concentration of credit risk
We record an allowance for doubtful accounts; reducing our
receivables balance to an amount we estimate is collectible from
our customers. Estimates used in determining the allowance for
doubtful accounts are based on historical collection experience,
current trends, aging of accounts receivable and periodic credit
evaluations of our customers financial condition. We
generally do not require collateral. No customer receivable
balances exceeded 10% of total net receivable balances as of
December 31, 2010. One customer had a receivable balance of
approximately 10% of the total net receivable balance as of
December 31, 2009.
In December 2008 we sold approximately $44 million of one
customers accounts receivable to a third-party financial
institution to mitigate accounts receivable concentration risk.
Sales of accounts receivable are reflected as a reduction of
accounts receivable in our Consolidated Balance Sheets and the
proceeds are
Notes to
consolidated financial statements
(continued)
included in the cash flows from operating activities in our
Consolidated Statements of Cash Flows. In 2008, a loss in the
amount of $0.5 million related to the sale of accounts
receivable is included in the line item Other in our
Consolidated Statements of Income. We did not undertake a
similar sale of customer receivables in 2010 or 2009.
Inventories
Inventories are stated at the lower of cost or market with
substantially all costed using the
first-in,
first-out (FIFO) method and with an insignificant
amount of inventories located outside the United States costed
using a moving average method which approximates FIFO.
Property,
plant and equipment
Property, plant and equipment is stated at historical cost. We
compute depreciation by the straight-line method based on the
following estimated useful lives:
Years
Land improvements
5 to 20
Buildings and leasehold improvements
5 to 50
Machinery and equipment
3 to 15
Significant improvements that add to productive capacity or
extend the lives of properties are capitalized. Costs for
repairs and maintenance are charged to expense as incurred. When
property is retired or otherwise disposed of, the cost and
related accumulated depreciation are removed from the accounts
and any related gains or losses are included in income.
We review the recoverability of long-lived assets to be held and
used, such as property, plant and equipment, when events or
changes in circumstances occur that indicate the carrying value
of the asset or asset group may not be recoverable. The
assessment of possible impairment is based on our ability to
recover the carrying value of the asset or asset group from the
expected future pre-tax cash flows (undiscounted and without
interest charges) of the related operations. If these cash flows
are less than the carrying value of such asset or asset group,
an impairment loss is recognized for the difference between
estimated fair value and carrying value. Impairment losses on
long-lived assets held for sale are determined in a similar
manner, except that fair values are reduced for the cost to
dispose of the assets. The measurement of impairment requires us
to estimate future cash flows and the fair value of long-lived
assets.
Goodwill
and identifiable intangible assets
Goodwill
Goodwill represents the excess of the cost of acquired
businesses over the fair value of identifiable tangible net
assets and identifiable intangible assets purchased.
Goodwill is tested at least annually for impairment and is
tested for impairment more frequently if events or changes in
circumstances indicate that the asset might be impaired. The
impairment test is performed using a two-step process. In the
first step, the fair value of each reporting unit is compared
with the carrying amount of the reporting unit, including
goodwill. If the estimated fair value is less than the carrying
amount of the reporting unit, an indication that goodwill
impairment exists and a second step must be completed in order
to determine the amount of the goodwill impairment, if any, that
should be recorded. In the second step, an impairment loss is
recognized for any excess of the carrying amount of the
reporting units goodwill over the implied fair value of
that goodwill. The implied fair value of goodwill is determined
by allocating the fair value of the reporting unit in a manner
similar to a purchase price allocation.
The fair value of each reporting unit is determined using a
discounted cash flow analysis and market approach. Projecting
discounted future cash flows requires us to make significant
estimates regarding future revenues and
Notes to
consolidated financial statements
(continued)
expenses, projected capital expenditures, changes in working
capital and the appropriate discount rate. Use of the market
approach consists of comparisons to comparable publicly-traded
companies that are similar in size and industry. Actual results
may differ from those used in our valuations. This non-recurring
fair value measurement is a Level 3 measurement
under the fair value hierarchy described below.
In developing our discounted cash flow analysis, assumptions
about future revenues and expenses, capital expenditures and
changes in working capital, are based on our annual operating
plan and long-term business plan for each of our reporting
units. These plans take into consideration numerous factors
including historical experience, anticipated future economic
conditions, changes in raw material prices and growth
expectations for the industries and end markets we participate
in. These assumptions are determined over a five year long-term
planning period. The five year growth rates for revenues and
operating profits vary for each reporting unit being evaluated.
Revenues and operating profit beyond 2017 are projected to grow
at a 3% perpetual growth rate for all reporting units.
Discount rate assumptions for each reporting unit take into
consideration our assessment of risks inherent in the future
cash flows of the respective reporting unit and our
weighted-average cost of capital. We utilized discount rates
ranging from 13% to 15% in determining the discounted cash flows
in our fair value analysis.
In estimating fair value using the market approach, we identify
a group of comparable publicly-traded companies for each
operating segment that are similar in terms of size and product
offering. These groups of comparable companies are used to
develop multiples based on total market-based invested capital
as a multiple of earnings before interest, taxes, depreciation
and amortization (EBITDA). We determine our estimated values by
applying these comparable EBITDA multiples to the operating
results of our reporting units. The ultimate fair value of each
reporting unit is determined considering the results of both
valuation methods.
Identifiable
intangible assets
Our primary identifiable intangible assets include trade marks
and trade names, patents, non-compete agreements, proprietary
technology and customer relationships. Identifiable intangibles
with finite lives are amortized and those identifiable
intangibles with indefinite lives are not amortized.
Identifiable intangible assets that are subject to amortization
are evaluated for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be
recoverable. Identifiable intangible assets not subject to
amortization are tested for impairment annually or more
frequently if events warrant. During the fourth quarter of 2010
and 2009, we completed our annual impairment test for those
identifiable assets not subject to amortization and recorded
impairment charges in 2009 of $11.3 million, related to
trade names. These charges were recorded in Selling, general
and administrative in our Consolidated Statements of Income.
There was no impairment charge required in 2010.
The impairment test consists of a comparison of the fair value
of the trade name with its carrying value. Fair value is
measured using the relief-from-royalty method. This method
assumes the trade name has value to the extent that their owner
is relieved of the obligation to pay royalties for the benefits
received from them. This method requires us to estimate the
future revenue for the related brands, the appropriate royalty
rate and the weighted average cost of capital. This
non-recurring fair value measurement is a
Level 3 measurement under the fair value
hierarchy described below. The impairment charge was the result
of significant declines in sales volume. These charges were
recorded in Selling, general and administrative in our
Consolidated Statements of Income.
At December 31, 2010 our goodwill and intangible assets
were approximately $2,519.6 million and represented
approximately 63.4% of our total assets. If we experience
further declines in sales and operating profit or do not meet
our operating forecasts, we may be subject to future
impairments. Additionally, changes in assumptions regarding the
future performance of our businesses, increases in the discount
rate used to determine the discounted cash flows of our
businesses or significant declines in our stock price or the
market as a whole could result in additional impairment
indicators. Because of the significance of our goodwill and
Notes to
consolidated financial statements
(continued)
intangible assets, any future impairment of these assets could
have a material adverse effect on our financial results.
Equity
method investments
We have investments that are accounted using the equity method.
Our proportionate share of income or losses from investments
accounted for under the equity method is recorded in the
Consolidated Statements of Income. We write down or write off an
investment and recognize a loss when events or circumstances
indicate there is impairment in the investment that is
other-than-temporary.
This requires significant judgment, including assessment of the
investees financial condition and in certain cases the
possibility of subsequent rounds of financing, as well as the
investees historical and projected results of operations
and cash flows. If the actual outcomes for the investees are
significantly different from projections, we may incur future
charges for the impairment of these investments.
We have a 50% investment in FARADYNE Motors LLC
(FARADYNE), a joint venture with ITT Water
Technologies, Inc. that began design, development and
manufacturing of submersible pump motors in 2005. We do not
consolidate the investment in our consolidated financial
statements as we do not have a controlling interest over the
investment. There were investments in and loans to FARADYNE of
$6.1 million and $4.5 million at December 31,
2010 and December 31, 2009, respectively, which is net of
our proportionate share of the results of their operations.
Income
taxes
We use the asset and liability approach to account for income
taxes. Under this method, deferred tax assets and liabilities
are recognized for the expected future tax consequences of
differences between the carrying amounts of assets and
liabilities and their respective tax basis using enacted tax
rates in effect for the year in which the differences are
expected to reverse. The effect on deferred tax assets and
liabilities of a change in tax rates is recognized in income in
the period when the change is enacted. Deferred tax assets are
reduced by a valuation allowance when, in the opinion of
management, it is more likely than not that some portion or all
of the deferred tax assets will not be realized. Changes in
valuation allowances from period to period are included in our
tax provision in the period of change. We recognize the effect
of income tax positions only if those positions are more likely
than not of being sustained. Recognized income tax positions are
measured at the largest amount that is greater than 50% likely
of being realized. Changes in recognition or measurement are
reflected in the period in which the change in judgment occurs.
Environmental
We recognize environmental
clean-up
liabilities on an undiscounted basis when a loss is probable and
can be reasonably estimated. Such liabilities generally are not
subject to insurance coverage. The cost of each environmental
clean-up is
estimated by engineering, financial and legal specialists based
on current law. Such estimates are based primarily upon the
estimated cost of investigation and remediation required and the
likelihood that, where applicable, other potentially responsible
parties (PRPs) will be able to fulfill their
commitments at the sites where Pentair may be jointly and
severally liable. The process of estimating environmental
clean-up
liabilities is complex and dependent primarily on the nature and
extent of historical information and physical data relating to a
contaminated site, the complexity of the site, the uncertainty
as to what remedy and technology will be required and the
outcome of discussions with regulatory agencies and other PRPs
at multi-party sites. In future periods, new laws or
regulations, advances in
clean-up
technologies and additional information about the ultimate
clean-up
remedy that is used could significantly change our estimates.
Accruals for environmental liabilities are included in Other
current liabilities and Other non-current liabilities
in the Consolidated Balance Sheets.
Notes to
consolidated financial statements
(continued)
Insurance
subsidiary
We insure certain general and product liability, property,
workers compensation and automobile liability risks
through our regulated wholly-owned captive insurance subsidiary,
Penwald Insurance Company (Penwald). Reserves for
policy claims are established based on actuarial projections of
ultimate losses. As of December 31, 2010 and 2009, reserves
for policy claims were $49.0 million ($12.0 million
included in Accrued product claims and warranties and
$37.0 million included in Other non-current
liabilities) and $56.3 million ($10.0 million
included in Accrued product claims and warranties and
$46.3 million included in Other non-current
liabilities), respectively.
Stock-based
compensation
We account for stock-based compensation awards on a fair value
basis. The estimated grant date fair value of each option award
is recognized in income on an accelerated basis over the
requisite service period (generally the vesting period). The
estimated fair value of each option award is calculated using
the Black-Scholes option-pricing model. From time to time, we
have elected to modify the terms of the original grant. These
modified grants are accounted for as a new award and measured
using the fair value method, resulting in the inclusion of
additional compensation expense in our Consolidated Statements
of Income. Restricted share awards and units are recorded as
compensation cost on a straight-line basis over the requisite
service periods based on the market value on the date of grant.
Earnings
per common share
Basic earnings per share are computed by dividing net income by
the weighted-average number of common shares outstanding.
Diluted earnings per share are computed by dividing net income
by the weighted-average number of common shares outstanding
including the dilutive effects of common stock equivalents. The
dilutive effects of stock options and restricted stock awards
and units increased weighted average common shares outstanding
by 1,257 thousand, 1,107 thousand and 1,181 thousand in 2010,
2009 and 2008, respectively.
Stock options excluded from the calculation of diluted earnings
per share because the exercise price was greater than the
average market price of the common shares were 3,711 thousand,
5,283 thousand and 5,268 thousand in 2010, 2009 and 2008,
respectively.
Derivative
financial instruments
We recognize all derivatives, including those embedded in other
contracts, as either assets or liabilities at fair value in our
Consolidated Balance Sheets. If the derivative is designated as
a fair-value hedge, the changes in the fair value of the
derivative and the hedged item are recognized in earnings. If
the derivative is designated and is effective as a cash-flow
hedge, changes in the fair value of the derivative are recorded
in other comprehensive income (OCI) and are
recognized in the Consolidated Statements of Income when the
hedged item affects earnings. If the underlying hedged
transaction ceases to exist or if the hedge becomes ineffective,
all changes in fair value of the related derivatives that have
not been settled are recognized in current earnings. For a
derivative that is not designated as or does not qualify as a
hedge, changes in fair value are reported in earnings
immediately.
We use derivative instruments for the purpose of hedging
interest rate and currency exposures, which exist as part of
ongoing business operations. We do not hold or issue derivative
financial instruments for trading or speculative purposes. All
other contracts that contain provisions meeting the definition
of a derivative also meet the requirements of and have been
designated as, normal purchases or sales. Our policy is not to
enter into contracts with terms that cannot be designated as
normal purchases or sales. From time to time, we may enter in to
short duration foreign currency contracts to hedge foreign
currency risks on intercompany transactions.
Notes to
consolidated financial statements
(continued)
Fair
value measurements
Fair value is defined as the price that would be received to
sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date.
Assets and liabilities measured at fair value are classified
using the following hierarchy, which is based upon the
transparency of inputs to the valuation as of the measurement
date:
Level 1: Valuation is based on observable
inputs such as quoted market prices (unadjusted) for identical
assets or liabilities in active markets.
Level 2: Valuation is based on inputs
such as quoted market prices for similar assets or liabilities
in active markets or other inputs that are observable for the
asset or liability, either directly or indirectly, for
substantially the full term of the financial instrument.
Level 3: Valuation is based upon other
unobservable inputs that are significant to the fair value
measurement.
In making fair value measurements, observable market data must
be used when available. When inputs used to measure fair value
fall within different levels of the hierarchy, the level within
which the fair value measurement is categorized is based on the
lowest level input that is significant to the fair value
measurement.
Foreign
currency translation
The financial statements of subsidiaries located outside of the
U.S. are measured using the local currency as the
functional currency. Assets and liabilities of these
subsidiaries are translated at the rates of exchange at the
balance sheet date. Income and expense items are translated at
average monthly rates of exchange. The resultant translation
adjustments are included in Accumulated other comprehensive
income (loss) (AOCI), a separate component of
shareholders equity.
New
accounting standards
On January 1, 2009, we adopted new accounting guidance that
changes the accounting and reporting for minority interests.
Minority interests have been recharacterized as noncontrolling
interests and are reported as a component of equity separate
from the parents equity. Purchases or sales of equity
interests that do not result in a change in control will be
accounted for as equity transactions. In addition, net income
attributable to the noncontrolling interest will be included in
consolidated net income on the face of the Consolidated Income
Statements and upon a loss of control, the interest sold, as
well as any interest retained, will be recorded at fair value
with any gain or loss recognized in earnings. We have classified
noncontrolling interest (previously minority interest) as a
component of equity for all periods presented.
In June 2009, the Financial Accounting Standards Board issued an
amendment to the accounting and disclosure requirements for the
consolidation of variable interest entities. The guidance
affects the overall consolidation analysis and requires enhanced
disclosures on involvement with variable interest entities. The
guidance is effective for fiscal years beginning after
November 15, 2009. We adopted the new guidance as of
January 1, 2010, which did not have any effect on our
consolidated financial statements.
Subsequent
events
In connection with preparing the audited consolidated financial
statements for the year ended December 31, 2010, we have
evaluated subsequent events for potential recognition and
disclosure through the date of this filing.
2. Acquisitions
On June 28, 2008, we entered into a transaction with GE
Water & Process Technologies (a unit of General
Electric Company) (GE) that was accounted for as an
acquisition of an 80.1 percent ownership interest in
GEs global water softener and residential water filtration
business in exchange for a 19.9 percent interest in
Notes to
consolidated financial statements
(continued)
our global water softener and residential water filtration
business. The acquisition was effected through the formation of
two new entities (collectively, Pentair Residential
Filtration or PRF), a U.S. entity and an
international entity, into which we and GE contributed certain
assets, properties, liabilities and operations representing our
respective global water softener and residential water
filtration businesses. We are an 80.1 percent owner of PRF
and GE is a 19.9 percent owner. The fair value of the
acquisition was $229.2 million, which includes
approximately $3.3 million of acquisition related costs.
The acquisition and related sale of our 19.9 percent
interest resulted in a gain of $109.6 million
($85.8 million after tax), representing the difference
between the carrying amount and the fair value of the
19.9 percent interest sold.
With the formation of Pentair Residential Filtration, we believe
we are better positioned to serve residential customers with
industry-leading technical applications in the areas of water
conditioning, whole-house filtration, point of use water
management and water sustainability and expect to accelerate
revenue growth by selling GEs existing residential
conditioning products through our sales channels.
The fair value of the 80.1 percent interest in the global
water softener and residential water filtration business of GE
acquired was determined using both an income approach and a
market approach. The income approach utilizes a discounted cash
flow analysis based on certain key assumptions including a
discount rate based on a computed weighted average cost of
capital and expected long-term revenue and expense growth rates.
The market approach indicates the fair value of a business based
on a comparison of the business to guideline publicly traded
companies and transactions in its industry.
The fair value of the business acquired was allocated to the
assets acquired and liabilities assumed based on their estimated
fair values. The excess of the fair value acquired over the
identifiable assets acquired and liabilities assumed is
reflected as goodwill. Goodwill recorded as part of the purchase
price allocation was approximately $137.9 million, none of
which is tax deductible. Identifiable intangible assets acquired
as part of the acquisition were $66.5 million, including
definite-lived intangibles, such as customer relationships,
proprietary technology and trade names with a weighted average
amortization period of approximately 15 years.
The following pro forma consolidated condensed financial results
of operations for the year ended December 31, 2008 is
presented as if the acquisition had been completed at the
beginning of the period presented:
In thousands, except share and per-share data
Pro forma net sales from continuing operations
$
3,406,449
Pro forma net income from continuing operations
256,363
Pro forma net income
228,734
Pro forma earnings per common share continuing
operations
Basic
$
2.62
Diluted
$
2.59
Weighted average common shares outstanding
Basic
97,887
Diluted
99,068
These pro forma consolidated condensed financial results have
been prepared for comparative purposes only and include certain
adjustments. The adjustments do not reflect the effect of
synergies that would have been expected to result from the
integration of this acquisition. The pro forma information does
not purport to be indicative of the results of operations that
actually would have resulted had the combination occurred on
January 1, or of future results of the consolidated
entities.
Notes to
consolidated financial statements
(continued)
3. Discontinued
Operations
In 2010 we were notified of a product recall required by our
former Tools Group (which was sold to Black and Decker
Corporation in 2004 and treated as a discontinued operation).
Under the terms of the sale agreement we are liable for a
portion of the product recall costs for products sold prior to
the date of sale of the Tools Group. We recorded a liability of
$3.2 million ($2.0 million net of tax) in 2010
representing our estimate of the potential cost associated with
this recall. In addition, we received the remaining escrow
balances from our sale of Lincoln Industrial of approximately
$0.5 million, and we reversed tax reserves of approximately
$1.0 million due to the expiration of various statues of
limitations.
On December 15, 2008, we sold our Spa and Bath
(Spa/Bath) business to Balboa Water Group in a cash
transaction for $9.2 million. The results of Spa/Bath have
been reported as discontinued operations for all periods
presented. Goodwill of $5.6 million was included in the
assets of Spa/Bath.
On February 28, 2008, we sold our National Pool Tile
(NPT) business to Pool Corporation in a cash
transaction for $29.8 million. The results of NPT have been
reported as discontinued operations for all periods presented.
Goodwill of $16.8 million was included in the assets of NPT.
Operating results of the discontinued operations are summarized
below:
In thousands
2010
2009
2008
Net Sales
$
$
$
43,346
Loss from discontinued operations before income taxes
(9,392
)
Income tax benefit on operations
3,609
Loss from discontinued operations, net of tax
(5,783
)
Gain (loss) on disposal of discontinued operations, before taxes
(2,743
)
221
(28,692
)
Income tax (expense) benefit on (loss)
2,117
(240
)
6,846
Loss on disposal of discontinued operations, net of tax
$
(626
)
$
(19
)
$
(21,846
)
4.
Restructuring
During 2009 and 2008, we announced and initiated certain
business restructuring initiatives aimed at reducing our fixed
cost structure and rationalizing our manufacturing footprint.
These initiatives included the announcement of the closure of
certain manufacturing facilities as well as the reduction in
hourly and salaried headcount of approximately 800 and
1700 employees in 2009 and 2008, respectively, which
included 350 and 1,300 in the Water Group and 450 and 400 in the
Technical Products Group. These actions were generally completed
by the end of 2009.
Restructuring related costs included in Selling, general and
administrative expenses on the Consolidated Statements of
Income include costs for severance and related benefits, asset
impairment charges and other restructuring costs as follows:
Notes to
consolidated financial statements
(continued)
Total restructuring costs related to the Water Group and the
Technical Products Group were $7.7 million and
$9.5 million, respectively, for year ended
December 31, 2009. Total restructuring costs related to the
Water Group and the Technical Products Group were
$36.3 million and $8.9 million, respectively, for year
ended December 31, 2008.
Restructuring accrual activity recorded on the Consolidated
Balance Sheets is summarized as follows:
Years Ended December 31
In thousands
2010
2009
Beginning balance
$
14,509
$
34,174
Costs incurred
13,190
Cash payments and other
(10,515
)
(32,855
)
Ending balance
$
3,994
$
14,509
5.
Goodwill
and Other Identifiable Intangible Assets
The changes in the carrying amount of goodwill for the year
ended December 31, 2010 and December 31, 2009 by
segment were as follows:
Acquisitions/
Foreign Currency
In thousands
December 31, 2009
Divestitures
Translation/Other
December 31, 2010
Water Group
$
1,802,913
$
$
(18,813
)
$
1,784,100
Technical Products Group
285,884
(3,940
)
281,944
Consolidated Total
$
2,088,797
$
$
(22,753
)
$
2,066,044
Acquisitions/
Foreign Currency
In thousands
December 31, 2008
Divestitures
Translation/Other
December 31, 2009
Water Group
$
1,818,470
$
895
$
(16,452
)
$
1,802,913
Technical Products Group
283,381
2,503
285,884
Consolidated Total
$
2,101,851
$
895
$
(13,949
)
$
2,088,797
Included in Foreign Currency Translation/Other in
2009 is the effect of an immaterial error corrected in 2009
related to the previous accounting treatment for certain
acquisitions. The correction resulted in a decrease in goodwill
and a decrease of deferred tax liabilities of $28.5 million
($27.5 million in the Water Group and $1.0 million in
the Technical Products Group).
Notes to
consolidated financial statements
(continued)
The detail of acquired intangible assets consisted of the
following:
2010
2009
Gross
Gross
Carrying
Accumulated
Carrying
Accumulated
In thousands
Amount
Amortization
Net
Amount
Amortization
Net
Finite-life intangibles
Patents
$
15,469
$
(12,695
)
$
2,774
$
15,458
$
(11,502
)
$
3,956
Non-compete agreements
4,522
(4,522
)
Proprietary technology
74,176
(29,862
)
44,314
73,244
(23,855
)
49,389
Customer relationships
282,479
(82,901
)
199,578
288,122
(66,091
)
222,031
Trade names
1,532
(383
)
1,149
1,562
(235
)
1,327
Total finite-life intangibles
$
373,656
$
(125,841
)
$
247,815
$
382,908
$
(106,205
)
$
276,703
Indefinite-life intangibles
Trade names
205,755
205,755
209,704
209,704
Total intangibles, net
$
579,411
$
(125,841
)
$
453,570
$
592,612
$
(106,205
)
$
486,407
Intangible asset amortization expense in 2010, 2009 and 2008 was
approximately $24.5 million, $27.3 million and
$24.0 million, respectively.
In 2009 we recorded an impairment charge to write down trade
name intangible assets of $11.3 million in the Water Group.
Additionally, in 2008 we recorded an impairment charge to
write-off a trade name intangible asset of $1.0 million in
the Technical Products Group.
The estimated future amortization expense for identifiable
intangible assets during the next five years is as follows:
Notes to
consolidated financial statements
(continued)
7.
Supplemental
Cash Flow Information
The following table summarizes supplemental cash flow
information:
In thousands
2010
2009
2008
Interest payments
$
37,083
$
43,010
$
63,851
Income tax payments
55,991
8,719
80,765
On June 28, 2008, we entered into a transaction with GE
that was accounted for as an acquisition of an 80.1 percent
ownership interest in GEs global water softener and
residential water filtration business in exchange for a
19.9 percent interest in our global water softener and
residential water filtration business. The transaction is more
fully described in Note 2. Acquisitions.
8.
Accumulated
Other Comprehensive Income (Loss)
Components of accumulated other comprehensive income (loss)
consists of the following:
In thousands
2010
2009
Retirement liability adjustments, net of tax
$
(71,210
)
$
(58,448
)
Cumulative translation adjustments
58,184
88,671
Market value of derivative financial instruments, net of tax
(9,316
)
(9,626
)
Accumulated other comprehensive income (loss)
$
(22,342
)
$
20,597
9.
Debt
Debt and the average interest rates on debt outstanding are
summarized as follows:
Average
interest rate
December 31,
Maturity
December 31,
December 31,
In thousands
2010
(Year)
2010
2009
Revolving credit facilities
0.89
%
2012
$
97,500
$
198,300
Private placement fixed rate
5.65
%
2013-2017
400,000
400,000
Private placement floating rate
0.84
%
2012-2013
205,000
205,000
Other
4.36
%
2012-2016
4,972
2,337
Total debt, including current portion per balance sheet
707,472
805,637
Less: Current maturities
(18
)
(81
)
Short-term borrowings
(4,933
)
(2,205
)
Long-term debt
$
702,521
$
803,351
We have a multi-currency revolving Credit Facility (Credit
Facility). The Credit Facility creates an unsecured,
committed revolving credit facility of up to $800 million,
with multi-currency sub facilities to support investments
outside the U.S. The Credit Facility expires on
June 4, 2012. Borrowings under the Credit Facility bear
interest at the rate of LIBOR plus 0.625%. Interest rates and
fees on the Credit Facility vary based on our credit ratings.
We are authorized to sell short-term commercial paper notes to
the extent availability exists under the Credit Facility. We use
the Credit Facility as
back-up
liquidity to support 100% of commercial paper outstanding. Our
use of commercial paper as a funding vehicle depends upon the
relative interest rates for our paper compared to the cost of
borrowing under our Credit Facility. As of December 31,
2010 and December 31, 2009 we had no outstanding commercial
paper.
Notes to
consolidated financial statements
(continued)
Total availability under our existing Credit Facility was
$702.5 million as of December 31, 2010, which was not
limited by any of the credit agreements financial
covenants as of that date.
In addition to the Credit Facility, we have $40.0 million
of uncommitted credit facilities, under which we had
$4.8 million of borrowings as of December 31, 2010.
Our debt agreements contain certain financial covenants, the
most restrictive of which is a leverage ratio (total
consolidated indebtedness, as defined, over consolidated EBITDA,
as defined) that may not exceed 3.5 to 1.0. We were in
compliance with all financial covenants in our debt agreements
as of December 31, 2010.
On July 8, 2008, we commenced a cash tender offer for all
of our outstanding $250 million aggregate principal of
7.85% Senior Notes due 2009 (the Notes). Upon
expiration of the tender offer on August 4, 2008, we
purchased $116.1 million aggregate principal amount of the
Notes. As a result of this transaction, we recognized a loss of
$4.6 million on early extinguishment of debt in 2008. The
loss included the write off of $0.1 million in unamortized
deferred financing fees in addition to recognition of
$0.6 million in previously unrecognized swap gains and cash
paid of $5.1 million related to the tender premium and
other costs associated with the purchase.
On March 16, 2009, we announced the redemption of all of
our remaining outstanding $133.9 million aggregate
principal of Notes. The Notes were redeemed on April 15,
2009 at a redemption price of $1,035.88 per $1,000 of principal
outstanding plus accrued interest thereon. As a result of this
transaction, we recognized a loss of $4.8 million on early
extinguishment of debt in the second quarter of 2009. The loss
included the write off of $0.1 million in unamortized
deferred financing fees in addition to recognition of
$0.3 million in previously unrecognized swap gains and cash
paid of $5.0 million related to the redemption and other
costs associated with the purchase.
Debt outstanding at December 31, 2010 matures on a calendar
year basis as follows:
In thousands
2011
2012
2013
2014
2015
Thereafter
Total
Contractual debt obligation maturities
$
4,951
$
202,517
$
200,003
$
1
$
$
300,000
$
707,472
10.
Derivatives
and Financial Instruments
Cash-flow
Hedges
In August 2007, we entered into a $105 million interest
rate swap agreement with a major financial institution to
exchange variable rate interest payment obligations for a fixed
rate obligation without the exchange of the underlying principal
amounts in order to manage interest rate exposures. The
effective date of the swap was August 30, 2007. The swap
agreement has a fixed interest rate of 4.89% and expires in May
2012. The fixed interest rate of 4.89% plus the .50% interest
rate spread over LIBOR results in an effective fixed interest
rate of 5.39%. The fair value of the swap was a liability of
$6.4 million and $8.1 million at December 31,
2010 and December 31, 2009, respectively and was recorded
in AOCI on the Consolidated Balance Sheets.
In September 2005, we entered into a $100 million interest
rate swap agreement with several major financial institutions to
exchange variable-rate interest payment obligations for
fixed-rate obligations without the exchange of the underlying
principal amounts in order to manage interest rate exposures.
The effective date of the fixed-rate swap was April 25,
2006. The swap agreement has a fixed interest rate of 4.68% and
expires in July 2013. The fixed interest rate of 4.68% plus the
.60% interest rate spread over LIBOR results in an effective
fixed interest rate of 5.28%. The fair value of the swap was a
liability of $9.4 million and $8.3 million at
December 31, 2010 and December 31, 2009, respectively
and was recorded in AOCI on the Consolidated Balance Sheets.
The variable to fixed interest rate swaps are designated as
cash-flow hedges. The fair value of these swaps are recorded as
assets or liabilities on the Consolidated Balance Sheets.
Unrealized income/expense is included in
Notes to
consolidated financial statements
(continued)
AOCI and realized income/expense and amounts due to/from swap
counterparties, are included in earnings. We realized
incremental interest expense resulting from the swaps of
$9.2 million and $7.9 million at December 31,
2010 and December 31, 2009, respectively.
The variable to fixed interest rate swaps are designated as and
are effective as cash-flow hedges. The fair value of these swaps
are recorded as assets or liabilities on the Consolidated
Balance Sheets, with changes in their fair value included in
OCI. Derivative gains and losses included in OCI are
reclassified into earnings at the time the related interest
expense is recognized or the settlement of the related
commitment occurs.
Failure of one or more of our swap counterparties would result
in the loss of any benefit to us of the swap agreement. In this
case, we would continue to be obligated to pay the variable
interest payments per the underlying debt agreements which are
at variable interest rates of 3 month LIBOR plus .50% for
$105 million of debt and 3 month LIBOR plus .60% for
$100 million of debt. Additionally, failure of one or all
of our swap counterparties would not eliminate our obligation to
continue to make payments under our existing swap agreements if
we continue to be in a net pay position.
At December 31, 2010 and 2009, our interest rate swaps are
carried at fair value measured on a recurring basis. Fair values
are determined through the use of models that consider various
assumptions, including time value, yield curves, as well as
other relevant economic measures, which are inputs that are
classified as Level 2 in the valuation hierarchy.
Foreign
currency hedges
At December 31, 2010 we had a euro to U.S. dollar
contract that expired on January 7, 2011 with a notional
amount of $132.5 million. The fair value of the contract
was an asset of $1.2 million.
Fair
value of financial instruments
The recorded amounts and estimated fair values of long-term
debt, excluding the effects of derivative financial instruments
and the recorded amounts and estimated fair value of those
derivative financial instruments were as follows:
2010
2009
Recorded
Fair
Recorded
Fair
In thousands
amount
value
amount
value
Total debt, including current portion
Variable rate
$
307,433
$
307,433
$
405,505
$
405,505
Fixed rate
400,039
438,492
400,132
390,930
Total
$
707,472
$
745,925
$
805,637
$
796,435
Derivative financial instruments
Market value of interest rate swaps and foreign currency
contracts, net
$
(14,585
)
$
(14,585
)
$
(16,354
)
$
(16,354
)
The following methods were used to estimate the fair values of
each class of financial instrument measured on a recurring basis:
short-term financial instruments (cash and cash equivalents,
accounts and notes receivable, accounts and notes payable and
variable-rate debt) recorded amount approximates
fair value because of the short maturity period;
long-term fixed-rate debt, including current
maturities fair value is based on market quotes
available for issuance of debt with similar terms, which are
inputs that are classified as Level 2 in the valuation
hierarchy defined by the accounting guidance; and
Notes to
consolidated financial statements
(continued)
interest rate swaps and foreign currency contract
agreements fair values are determined through the
use of models that consider various assumptions, including time
value, yield curves, as well as other relevant economic
measures, which are inputs that are classified as Level 2
in the valuation hierarchy defined by the accounting guidance.
11.
Income
Taxes
Income from continuing operations before income taxes and
noncontrolling interest consisted of the following:
In thousands
2010
2009
2008
U.S.
$
217,213
$
111,530
$
220,294
International
82,934
61,117
146,846
Income from continuing operations before taxes and
noncontrolling interest
$
300,147
$
172,647
$
367,140
The provision for income taxes for continuing operations
consisted of the following:
In thousands
2010
2009
2008
Currently payable
Federal
$
44,766
$
10,502
$
41,985
State
6,591
2,456
5,140
International
17,877
13,947
25,735
Total current taxes
69,234
26,905
72,860
Deferred
Federal and state
26,445
26,733
35,535
International
1,521
2,790
(51
)
Total deferred taxes
27,966
29,523
35,484
Total provision for income taxes
$
97,200
$
56,428
$
108,344
Reconciliation of the U.S. statutory income tax rate to our
effective tax rate for continuing operations follows:
Gross increases for tax positions in prior periods
286
3,191
3,526
Gross decreases for tax positions in prior periods
(2,490
)
(2,433
)
(411
)
Gross increases based on tax positions related to the current
year
1,431
1,789
2,666
Gross decreases related to settlements with taxing authorities
(4,182
)
(209
)
Reductions due to statute expiration
(747
)
(515
)
(1,521
)
Gross unrecognized tax benefits at December 31
$
24,260
$
29,962
$
28,139
Included in the $24.3 million of total gross unrecognized
tax benefits as of December 31, 2010 was $22.4 million
of tax benefits that, if recognized, would impact the effective
tax rate. It is reasonably possible that the gross unrecognized
tax benefits as of December 31, 2010 may decrease by a
range of $0 to $17.5 million during the next twelve months
primarily as a result of the resolution of federal, state and
foreign examinations and the expiration of various statutes of
limitations.
The determination of annual income tax expense takes into
consideration amounts which may be needed to cover exposures for
open tax years. The Internal Revenue Service (IRS)
has examined our U.S. federal income tax returns through
2003 with no material adjustments. The IRS has also completed a
survey of our 2004 U.S. federal income tax return with no
material findings. The IRS is currently examining our federal
tax returns for years 2005 through 2009. No material adjustments
have been proposed, however, actual settlements may differ from
amounts accrued.
We record penalties and interest related to unrecognized tax
benefits in Provision for income taxes and Interest
expense, respectively, which is consistent with our past
practices. As of December 31, 2010, we had recorded
approximately $0.8 million for the possible payment of
penalties and $4.8 million related to the possible payment
of interest expense.
U.S. income taxes have not been provided on undistributed
earnings of international subsidiaries. It is our intention to
reinvest these earnings permanently or to repatriate the
earnings only when it is tax effective to do so. As of
December 31, 2010, approximately $223.7 million of
unremitted earnings attributable to international subsidiaries
were considered to be indefinitely invested. It is not
practicable to estimate the amount of tax that might be payable
if such earnings were to be remitted.
Deferred taxes arise because of different treatment between
financial statement accounting and tax accounting, known as
temporary differences. We record the tax effect of
these temporary differences as deferred tax assets
(generally items that can be used as a tax deduction or credit
in future periods) and deferred tax liabilities
(generally items for which we received a tax deduction but the
tax impact has not yet been recorded in the Consolidated
Statements of Income).
Deferred taxes were classified in the Consolidated Balance
Sheets as follows:
Notes to
consolidated financial statements
(continued)
The tax effects of the major items recorded as deferred tax
assets and liabilities are as follows:
2010
2009
Deferred tax
Deferred tax
In thousands
Assets
Liabilities
Assets
Liabilities
Accounts receivable allowances
$
4,490
$
$
4,073
$
Inventory valuation
17,381
11,005
Accelerated depreciation/amortization
11,436
12,893
Accrued product claims and warranties
25,753
24,558
Employee benefit accruals
110,547
119,357
Goodwill and other intangibles
187,103
172,675
Other, net
71,381
65,463
Total deferred taxes
$
158,171
$
269,920
$
158,993
$
251,031
Net deferred tax liability
$
(111,749
)
$
(92,038
)
Included in Other, net in the table above are deferred tax
assets of $2.3 million and $4.7 million as of
December 31, 2010 and 2009, respectively, related to a
foreign tax credit carryover from the tax period ended
December 31, 2006 and related to state net operating
losses. The foreign tax credit is eligible for carryforward
until the tax period ending December 31, 2016.
Non-U.S. tax
losses of $49.6 million and $49.1 million were
available for carryforward at December 31, 2010 and 2009,
respectively. A valuation allowance reflected above in Other,
net of $9.4 million and $7.5 million exists for
deferred income tax benefits related to the
non-U.S. loss
carryforwards available as of December 31, 2010 and 2009,
respectively that may not be realized. We believe that
sufficient taxable income will be generated in the respective
countries to allow us to fully recover the remainder of the tax
losses. The
non-U.S. operating
losses are subject to varying expiration periods and will begin
to expire in 2011. State tax losses of $69.3 million and
$73.0 million were available for carryforward at
December 31, 2010 and 2009, respectively. A valuation
allowance reflected above in Other, net of $2.4 million and
$2.6 million exists for deferred income tax benefits
related to the carryforwards available at December 31, 2010
and 2009, respectively. Certain state tax losses will expire in
2011, while others are subject to carryforward periods of up to
twenty years.
12.
Benefit
Plans
Pension
and post-retirement benefits
We sponsor domestic and foreign defined-benefit pension and
other post-retirement plans. Pension benefits are based
principally on an employees years of service
and/or
compensation levels near retirement. In addition, we also
provide certain post-retirement health care and life insurance
benefits. Generally, the post-retirement health care and life
insurance plans require contributions from retirees. We use a
December 31 measurement date each year. In December 2007, we
announced that we will be freezing certain pension plans as of
December 31, 2017.
Notes to
consolidated financial statements
(continued)
Obligations
and Funded Status
The following tables present reconciliations of the benefit
obligation of the plans, the plan assets of the pension plans
and the funded status of the plans:
Pension benefits
Post-retirement
In thousands
2010
2009
2010
2009
Change in benefit obligation
Benefit obligation beginning of year
$
552,309
$
521,698
$
35,301
$
38,417
Service cost
11,588
12,334
200
214
Interest cost
31,671
32,612
2,013
2,377
Amendments
(281
)
3
(1,303
)
Settlements
(104
)
Actuarial (gain) loss
24,677
13,309
(647
)
(1,517
)
Translation (gain) loss
(4,208
)
2,469
Benefits paid
(28,844
)
(30,116
)
(3,152
)
(2,887
)
Benefit obligation end of year
$
586,808
$
552,309
$
33,715
$
35,301
Change in plan assets
Fair value of plan assets beginning of year
$
329,188
$
265,112
$
$
Actual gain (loss) return on plan assets
35,495
44,521
Company contributions
49,840
49,044
3,152
2,887
Settlements
(104
)
Translation gain (loss)
(92
)
627
Benefits paid
(28,844
)
(30,116
)
(3,152
)
(2,887
)
Fair value of plan assets end of year
$
385,483
$
329,188
$
$
Funded status
Plan assets less than benefit obligation
$
(201,325
)
$
(223,121
)
$
(33,715
)
$
(35,301
)
Net amount recognized
$
(201,325
)
$
(223,121
)
$
(33,715
)
$
(35,301
)
Of the $201.3 million underfunding at December 31,
2010, $123.6 million relates to foreign pension plans and
our supplemental executive retirement plans which are not
commonly funded.
Amounts recognized in the Consolidated Balance Sheets are as
follows:
Pension benefits
Post-retirement
In thousands
2010
2009
2010
2009
Current liabilities
$
(5,343
)
$
(5,437
)
$
(3,390
)
$
(3,511
)
Noncurrent liabilities
(195,982
)
(217,684
)
(30,325
)
(31,790
)
Net amount recognized
$
(201,325
)
$
(223,121
)
$
(33,715
)
$
(35,301
)
The accumulated benefit obligation for all defined benefit plans
was $557.7 million and $534.9 million at
December 31, 2010 and 2009, respectively.
Notes to
consolidated financial statements
(continued)
Additional
Information
Change in accumulated other comprehensive income, net of tax:
In thousands
2010
2009
Beginning of the year
$
(58,448
)
$
(58,704
)
Additional prior service cost incurred during the year
171
794
Actuarial gains (losses) incurred during the year
(11,861
)
1,500
Translation gains (losses) incurred during the year
(75
)
(63
)
Amortization during the year:
Transition obligation
8
15
Unrecognized prior service cost (benefit)
(12
)
(11
)
Actuarial gains
(993
)
(1,979
)
End of the year
$
(71,210
)
$
(58,448
)
Assumptions
Weighted-average assumptions used to determine domestic benefit
obligations at December 31 are as follows:
Pension benefits
Post-retirement
Percentages
2010
2009
2008
2010
2009
2008
Discount rate
5.90
6.00
6.50
5.90
6.00
6.50
Rate of compensation increase
4.00
4.00
4.00
Weighted-average assumptions used to determine the domestic net
periodic benefit cost for years ending December 31 are as
follows:
Pension benefits
Post-retirement
Percentages
2010
2009
2008
2010
2009
2008
Discount rate
6.00
6.50
6.50
6.00
6.50
6.50
Expected long-term return on plan assets
8.50
8.50
8.50
Rate of compensation increase
4.00
4.00
5.00
Discount
rate
The discount rate reflects the current rate at which the pension
liabilities could be effectively settled at the end of the year
based on our December 31 measurement date. The discount rate was
determined by matching our expected benefit payments to payments
from a stream of AA or higher bonds available in the
marketplace, adjusted to eliminate the effects of call
provisions. This produced a discount rate for our
U.S. plans of 5.90% in 2010, 6.00% in 2009 and 6.50% in
2008. The discount rates on our foreign plans ranged from 0.75%
to 5.40% in 2010, 2.00% to 6.00% in 2009 and 2.00% to 6.25% in
2008. There are no other known or anticipated changes in our
discount rate assumption that will impact our pension expense in
2011.
Expected
rate of return
Our expected rate of return on plan assets was 8.5% for 2010,
2009 and 2008. The expected rate of return is designed to be a
long-term assumption that may be subject to considerable
year-to-year
variance from actual returns. In developing the expected
long-term rate of return, we considered our historical returns,
with consideration given to forecasted economic conditions, our
asset allocations, input from external consultants and broader
longer-term market indices. In 2010, the pension plan assets
yielded returns of 11.2% and returns of 19.5% in 2009 and a loss
of 28.8% in 2008. Our expected rate of return on plan assets
assumption is 8.0% for 2011.
Notes to
consolidated financial statements
(continued)
We base our determination of pension expense or income on a
market-related valuation of assets which reduces
year-to-year
volatility. This market-related valuation recognizes investment
gains or losses over a
five-year
period from the year in which they occur. Investment gains or
losses for this purpose are the difference between the expected
return calculated using the market-related value of assets and
the actual return based on the market-related value of assets.
Since the market-related value of assets recognizes gains or
losses over a
five-year-period,
the future value of assets will be impacted as previously
deferred gains or losses are recorded.
Unrecognized
pension and post-retirement losses
As of our December 31, 2010 measurement date, our plans
have $117.8 million of cumulative unrecognized losses. To
the extent the unrecognized losses, when adjusted for the
difference between market and market related values of assets,
exceeds 10% of the projected benefit obligation, it will be
amortized into expense each year on a straight-line basis over
the remaining expected future-working lifetime of active
participants (currently approximating 12 years).
The assumed health care cost trend rates at December 31 are as
follows:
2010
2009
Health care cost trend rate assumed for next year
7.50
%
7.70
%
Rate to which the cost trend rate is assumed to decline (the
ultimate trend rate)
4.50
%
4.50
%
Year that the rate reaches the ultimate trend rate
2027
2027
The assumed health care cost trend rates can have a significant
effect on the amounts reported for health care plans. A
one-percentage-point change in the assumed health care cost
trend rates would have the following effects:
1-Percentage-Point
1-Percentage-Point
In thousands
Increase
Decrease
Effect on total annual service and interest cost
$
51
$
(45
)
Effect on post-retirement benefit obligation
750
(667
)
Plan
Assets
Objective
The primary objective of our investment strategy is to meet the
pension obligation to our employees at a reasonable cost to us.
This is primarily accomplished through growth of capital and
safety of the funds invested. The plans will therefore be
actively invested to achieve real growth of capital over
inflation through appreciation of securities held and through
the accumulation and reinvestment of dividend and interest
income.
Asset
allocation
Our actual overall asset allocation for the plans as compared to
our investment policy goals is as follows:
Plan Assets
Target Allocation
Asset Class
2010
2009
2010
2009
Equity Securities
47
%
53
%
50
%
60
%
Fixed Income Investments
37
%
22
%
40
%
30
%
Alternative Investments
12
%
14
%
10
%
10
%
Cash
4
%
11
%
0
%
0
%
While the target allocations do not have a percentage allocated
to cash, the plan assets will always include some cash due to
cash flow requirements. In 2009, as a result of our year end
decision to make a $25 million
Notes to
consolidated financial statements
(continued)
accelerated pension plan contribution, a higher percentage of
assets were held in cash equivalents. This contribution was
directed to be invested in fixed income investments and was
invested shortly after year end. After taking this into
consideration, our fixed income investment percentage would have
been 30% and our cash percentage would have been 3%.
As part of our strategy to reduce U.S. pension plan funded
status volatility, we plan to increase the allocation to long
duration fixed income securities in future years as the funded
status of our U.S. pension plans improve. In 2010 we
increased our fixed income investments from 30% to 40% and from
10% to 30% in 2009.
Fair
Value Measurement
The following table presents our plan assets using the fair
value hierarchy as of December 31, 2010 and
December 31, 2009.
Notes to
consolidated financial statements
(continued)
Quoted Prices in
Significant
Active Markets for
Significant Other
Unobservable
Identical Assets
Observable Inputs
Inputs
In thousands
(Level 1)
(Level 2)
(Level 3)
Total
Cash Equivalents
$
$
35,575
$
$
35,575
Fixed Income:
Corporate and Non U.S. Government
16,682
438
17,120
U.S. Treasuries
28,675
28,675
Mortgage-Backed Securities
21,636
2,109
23,745
Other
3,952
192
4,144
Global Equity Securities:
Small Cap Equity
7,227
7,227
Mid Cap Equity
8,389
8,389
Large Cap Equity
39,569
39,569
International Equity
21,665
19,955
41,620
Long/short Equity
54,082
54,082
Pentair Company Stock
21,742
21,742
Other Investments
32,873
14,427
47,300
Total as of December 31, 2009
$
59,023
$
252,999
$
17,166
$
329,188
Valuation methodologies used for investments measured at fair
value are as follows:
Cash Equivalents: Consist of
investments in commingled funds valued based on observable
market data. Such investments are classified as Level 2.
Fixed Income: Investments in corporate
bonds, government securities, mortgages and asset backed
securities are value based upon quoted market prices for
identical or similar securities and other observable market
data. Investments in commingled funds are generally valued at
the net asset value of units held at the end of the period based
upon the value of the underlying investments as determined by
quoted market prices or by a pricing service. Such investments
are classified as Level 2. Certain investments in
commingled funds are valued based on unobservable inputs due to
liquidation restrictions. These investments are classified as
Level 3.
Global Equity Securities: Equity
securities and Pentair common stock are valued based on the
closing market price in an active market and are classified as
Level 1. Investments in commingled funds are valued at the
net asset value of units held at the end of the period based
upon the value of the underlying investments as determined by
quoted market prices or by a pricing service. Such investments
are classified as Level 2.
Other Investments: Other investments
include investments in commingled funds with diversified
investment strategies. Investments in commingled funds that are
valued at the net asset value of units held at the end of the
period based upon the value of the underlying investments as
determined by quoted market prices or by a pricing service are
classified as Level 2. Investments in commingled funds that
are valued based on unobservable inputs due to liquidation
restrictions are classified as Level 3.
Notes to
consolidated financial statements
(continued)
The following tables present a reconciliation of Level 3
assets held during the years ended December 31, 2010 and
December 31, 2009, respectively.
Net realized
Net purchases,
Net
Balance
and unrealized
issuances and
transfers into
Balance
January 1, 2010
gains (losses)
settlements
(out of) level 3
December 31, 2010
Other Investments
$
14,427
$
678
$
(2,113
)
$
$
12,992
Fixed Income Investments
2,739
334
(1,296
)
1,777
$
17,166
$
1,012
$
(3,409
)
$
$
14,769
Net realized
Net purchases,
Net
Balance
and unrealized
issuances and
transfers into
Balance
January 1, 2009
gains (losses)
settlements
(out of) level 3
December 31, 2009
Other Investments
$
32,083
$
(774
)
$
$
(16,882
)
$
14,427
Fixed Income Investments
25,640
1,027
(23,928
)
2,739
$
57,723
$
253
$
$
(40,810
)
$
17,166
Cash
Flows
Contributions
Pension contributions totaled $49.8 million and
$49.0 million in 2010 and 2009, respectively. Our 2011
required pension contributions are expected to be in the range
of $25 million to $30 million. The decrease in the
2011 expected contribution is primarily a result of the December
2010 accelerated contribution of $25 million to our defined
benefit pension plan. The 2011 expected contributions will equal
or exceed our minimum funding requirements.
Estimated
Future Benefit Payments
The following benefit payments, which reflect expected future
service, as appropriate, are expected to be paid by the plans as
follows:
In millions
Pension benefits
Post-retirement
2011
$
34.2
$
3.4
2012
31.8
3.3
2013
32.8
3.2
2014
33.7
3.1
2015
35.8
3.0
2016-2020
212.7
13.4
Savings
plan
We have a 401(k) plan (the plan) with an employee
stock ownership (ESOP) bonus component, which covers
certain union and nearly all non-union U.S. employees who
meet certain age requirements. Under the plan, eligible
U.S. employees may voluntarily contribute a percentage of
their eligible compensation. We match contributions made by
employees who meet certain eligibility and service requirements.
Our matching contribution is 100% of eligible employee
contributions for the first 1% of eligible compensation and 50%
of the next 5% of eligible compensation. In June 2009, we
temporarily suspended the company match of the plan and ESOP. We
reinstated the company match in 2010.
In addition to the matching contribution, all employees who meet
certain service requirements receive a discretionary ESOP
contribution equal to 1.5% of annual eligible compensation.
Notes to
consolidated financial statements
(continued)
Our combined expense for the plan and ESOP was approximately
$11.0 million, $6.7 million and $17.0 million, in
2010, 2009 and 2008, respectively.
Other
retirement compensation
Total other accrued retirement compensation was
$13.9 million and $17.3 million in 2010 and 2009,
respectively and is included in the pension and other retirement
compensation line of our Consolidated Balance Sheet.
13.
Shareholders
Equity
Authorized
shares
We may issue up to 250 million shares of common stock. Our
Board of Directors may designate up to 15 million of those
shares as preferred stock. On December 10, 2004, the Board
of Directors designated a new series of preferred stock with
authorization to issue up to 2.5 million shares,
Series A Junior Participating Preferred Stock, par value
$0.10 per share. No shares of preferred stock were issued or
outstanding as of December 31, 2010 or December 31,
2009.
Purchase
rights
On December 10, 2004, our Board of Directors declared a
dividend of one preferred share purchase right (a
Right) for each outstanding share of common stock.
The dividend was payable upon the close of business on
January 28, 2005 to the shareholders of record upon the
close of business on January 28, 2005. Each Right entitles
the registered holder to purchase one one-hundredth of a share
of Series A Junior Participating Preferred Stock, at a
price of $240.00 per one one-hundredth of a share, subject to
adjustment. However, the Rights are not exercisable unless
certain change in control events occur, such as a person
acquiring or obtaining the right to acquire beneficial ownership
of 15% or more of our outstanding common stock. The description
and terms of the Rights are set forth in a Rights Agreement,
dated December 10, 2004. The Rights will expire on
January 28, 2015, unless the Rights are earlier redeemed or
exchanged in accordance with the terms of the Rights Agreement.
On January 28, 2005, the common share purchase rights
issued pursuant to the Rights Agreement dated July 31, 1995
were redeemed in their entirety for an amount equal to $0.0025
per right.
Share
repurchases
In December 2007, the Board of Directors authorized the
repurchase of shares of our common stock during 2008 up to a
maximum dollar limit of $50 million. As of
December 31, 2008, we had purchased 1,549,893 shares
for $50.0 million pursuant to this authorization. This
authorization expired on December 31, 2008. There were no
share repurchase authorizations for 2009. On July 27, 2010
the Board of Directors authorized the repurchase of shares of
our common stock up to a maximum dollar limit of
$25 million. As of December 31, 2010 we had
repurchased 734,603 shares for $25 million pursuant to
this plan. In December 2010, the Board of Directors authorized
the repurchase of shares of our common stock during 2011 up to a
maximum dollar limit of $25 million. The authorization
expires December 2011.
Notes to
consolidated financial statements
(continued)
14.
Stock
Plans
Total stock-based compensation expense in 2010, 2009 and 2008
was $21.5 million, $17.3 million and
$20.6 million, respectively.
Omnibus
stock incentive plans
In May 2008, the 2008 Omnibus Stock Incentive Plan as Amended
and Restated (the 2008 Plan or the Plan)
was approved by shareholders. The 2008 Plan authorizes the
issuance of additional shares of our common stock and extends
through February 2018. The 2008 Plan allows for the granting of:
nonqualified stock options;
incentive stock options;
restricted shares;
restricted stock units;
dividend equivalent units;
stock appreciation rights;
performance shares;
performance units; and
other stock based awards.
The Plan is administered by our Compensation Committee (the
Committee), which is made up of independent members
of our Board of Directors. Employees eligible to receive awards
under the Plan are managerial, administrative or other key
employees who are in a position to make a material contribution
to the continued profitable growth and long-term success of
Pentair. The Committee has the authority to select the
recipients of awards, determine the type and size of awards,
establish certain terms and conditions of award grants and take
certain other actions as permitted under the Plan. The Plan
restricts the Committees authority to reprice awards or to
cancel and reissue awards at lower prices.
The Omnibus Stock Incentive Plan approved by the shareholders in
2004 (the 2004 Plan) expired upon approval of the
2008 Plan by shareholders. Prior grants made under the 2004 Plan
and earlier stock incentive plans remained outstanding on the
terms in effect at the time of grant.
Non-qualified
and incentive stock options
Under the Plan, we may grant stock options to any eligible
employee with an exercise price equal to the market value of the
shares on the dates the options were granted. Options generally
vest over a three-year period commencing on the grant date and
expire ten years after the grant date. Prior to 2006, option
grants typically had a reload feature when shares are retired to
pay the exercise price, allowing individuals to receive
additional options upon exercise equal to the number of shares
retired. Option awards granted after 2005 under the 2004 Plan
and under the 2008 Plan do not have a reload feature attached to
the option. Annual expense for the fair value of stock options
was $10.7 million in 2010, $7.1 million in 2009 and
$10.5 million in 2008.
Restricted
shares and restricted stock units
Under the Plan, eligible employees are awarded restricted shares
or restricted stock units (awards) of our common stock. Share
awards generally vest from two to five years after issuance,
subject to continuous employment and certain other conditions.
Restricted share awards are valued at market value on the date
of grant and are expensed over the vesting period. Annual
expense for the fair value of restricted shares and restricted
stock units was $10.8 million in 2010, $10.2 million
in 2009 and $10.1 million in 2008.
Notes to
consolidated financial statements
(continued)
Stock
appreciation rights, performance shares and performance
units
Under the Plan, the Committee is permitted to issue these
awards; however, there have been no issuances of these awards.
Outside
directors nonqualified stock option plan
Nonqualified stock options were granted to outside directors
under the Outside Directors Nonqualified Stock Option Plan (the
Directors Plan) with an exercise price equal to the
market value of the shares on the option grant dates. Options
generally vest over a three-year period commencing on the grant
date and expire ten years after the grant date. The Directors
Plan expired in January 2008. Prior grants remain outstanding on
the terms in effect at the time of grant.
Non-employee Directors are also eligible to receive awards under
the 2008 Plan. Director awards are made by our Governance
Committee, which is made up of independent members of our Board
of Directors.
Stock
options
The following table summarizes stock option activity under all
plans:
Weighted Average
Weighted Average
Remaining
Aggregate
Options Outstanding
Shares
Exercise Price
Contractual Life
Intrinsic Value
Balance January 1, 2010
7,962,519
$
30.70
Granted
1,478,660
33.54
Exercised
(678,627
)
23.32
Forfeited
(112,528
)
28.38
Expired
(682,608
)
37.08
Balance December 31, 2010
7,967,416
$
31.34
6.0
$
46,776,147
Options exercisable as of December 31, 2010
5,313,225
$
31.80
4.6
$
30,599,073
Options expected to vest as of December 31, 2010
2,608,273
$
30.42
8.3
$
16,177,074
Shares available for grant as of December 31, 2010
5,773,901
The weighted-average grant date fair value of options granted in
2010, 2009 and 2008 was estimated to be $9.47, $5.09 and $7.41
per share, respectively. The total intrinsic value of options
that were exercised during 2010, 2009 and 2008 was
$7.4 million, $5.2 million and $6.3 million,
respectively. At December 31, 2010, the total unrecognized
compensation cost related to stock options was
$6.5 million. This cost is expected to be recognized over a
weighted average period of 1.5 years.
We estimated the fair values using the Black-Scholes
option-pricing model, modified for dividends and using the
following assumptions:
2010
2009
2008
Risk-free interest rate
2.45
%
1.77
%
2.78
%
Expected dividend yield
2.30
%
3.20
%
2.12
%
Expected stock price volatility
35.00
%
32.50
%
27.00
%
Expected lives
5.5 yrs
5.2 yrs
4.8 yrs
Cash received from option exercises for the years ended
December 31, 2010, 2009 and 2008 was $14.9 million,
$8.2 million and $5.6 million, respectively. The
actual tax benefit realized for the tax deductions from option
exercises totaled $2.8 million, $1.9 million and
$2.0 million for the years ended December 31, 2010,
2009 and 2008, respectively.
Notes to
consolidated financial statements
(continued)
Restricted
Share Awards
The following table summarizes restricted share award activity
under all plans:
Weighted Average
Grant Date
Restricted Shares Outstanding
Shares
Fair Value
Balance January 1, 2010
1,278,054
$
28.81
Granted
476,840
33.66
Vested
(376,219
)
33.39
Forfeited
(69,272
)
27.49
Balance December 31, 2010
1,309,403
$
29.33
As of December 31, 2010, there was $17.1 million of
unrecognized compensation cost related to restricted share
compensation arrangements granted under the 2004 Plan and the
2008 Plan. That cost is expected to be recognized over a
weighted-average period of 2.3 years. The total fair value
of shares vested during the years ended December 31, 2010,
2009 and 2008, was $12.7 million, $5.5 million and
$7.7 million, respectively. The actual tax benefit realized
for the tax deductions from restricted share compensation
arrangements totaled $3.4 million, $2.2 million and
$3.0 million for the years ended December 31, 2010,
2009 and 2008, respectively.
15.
Business
Segments
We classify our continuing operations into the following
business segments based primarily on types of products offered
and markets served:
Water manufactures and markets
essential products and systems used in the movement, storage,
treatment and enjoyment of water. Water segment products include
water and wastewater pumps; filtration and purification
components and systems; storage tanks and pressure vessels; and
pool and spa equipment and accessories.
Technical Products designs,
manufactures and markets standard, modified and custom
enclosures that house and protect sensitive electronics and
electrical components and protect the people that use them.
Applications served include industrial machinery, data
communications, networking, telecommunications, test and
measurement, automotive, medical, security, defense and general
electronics. Products include metallic and composite enclosures,
cabinets, cases, subracks, backplanes and associated thermal
management systems.
Other is primarily composed of
unallocated corporate expenses, our captive insurance
subsidiary, intermediate finance companies and divested
operations.
The accounting policies of our operating segments are the same
as those described in the summary of significant accounting
policies. We evaluate performance based on the sales and
operating income of the segments and use a variety of ratios to
measure performance. These results are not necessarily
indicative of the results of operations that would have occurred
had each segment been an independent, stand-alone entity during
the periods presented.
Notes to
consolidated financial statements
(continued)
Financial information by reportable business segment is included
in the following summary:
In thousands
2010
2009
2008
2010
2009
2008
Net sales to external customers
Operating income (loss)
Water Group
$
2,041,281
$
1,847,764
$
2,206,142
$
231,588
$
163,745
$
206,357
Technical Products Group
989,492
844,704
1,145,834
151,533
100,355
169,315
Other
(48,966
)
(44,152
)
(50,987
)
Consolidated
$
3,030,773
$
2,692,468
$
3,351,976
$
334,155
$
219,948
$
324,685
Identifiable
assets(1)
Depreciation
Water Group
$
3,409,556
$
3,205,774
$
3,271,039
$
37,449
$
44,063
$
39,237
Technical Products Group
728,969
716,092
697,577
17,544
19,035
19,131
Other(1)
(164,992
)
(10,532
)
84,597
3,002
1,725
1,305
Consolidated
$
3,973,533
$
3,911,334
$
4,053,213
$
57,995
$
64,823
$
59,673
Amortization
Capital expenditures
Water Group
$
22,981
$
34,919
$
22,062
$
39,631
$
36,513
$
32,916
Technical Products Group
2,610
2,687
2,980
8,336
15,388
15,995
Other
593
3,051
2,566
11,556
2,236
4,178
Consolidated
$
26,184
$
40,657
$
27,608
$
59,523
$
54,137
$
53,089
The following table presents certain geographic information:
In thousands
2010
2009
2008
2010
2009
2008
Net sales to external customers
Long-lived assets
U.S.
$
2,222,856
$
1,964,138
$
2,467,698
$
196,440
$
203,206
$
219,013
Europe
470,879
439,312
571,164
77,000
87,880
89,300
Asia and other
337,038
289,018
313,114
55,995
42,602
35,568
Consolidated
$
3,030,773
$
2,692,468
$
3,351,976
$
329,435
$
333,688
$
343,881
(1)
All cash and cash equivalents are
included in Other
Net sales are based on the location in which the sale
originated. Long-lived assets represent property, plant and
equipment, net of related depreciation.
We offer a broad array of products and systems to multiple
markets and customers for which we do not have the information
systems to track revenues by primary product category. However,
our net sales by segment are representative of our sales by
major product category.
We sell our products through various distribution channels
including wholesale and retail distributors, original equipment
manufacturers and home centers. In our Water segment, one
customer accounted for approximately 10% of segment sales in
2010, no single customer accounted for more than 10% of segment
sales in 2009 and one customer accounted for just over 10% of
segment sales in 2008. In our Technical Products segment, no
single customer accounted for more than 10% of segment sales in
2010, 2009 or 2008.
Notes to
consolidated financial statements
(continued)
16.
Commitments
and Contingencies
Operating
lease commitments
Net rental expense under operating leases follows:
In thousands
2010
2009
2008
Gross rental expense
$
32,662
$
32,799
$
37,519
Sublease rental income
(225
)
(74
)
(172
)
Net rental expense
$
32,437
$
32,725
$
37,347
Future minimum lease commitments under non-cancelable operating
leases, principally related to facilities, vehicles, and
machinery and equipment are as follows:
In thousands
2011
2012
2013
2014
2015
Thereafter
Total
Minimum lease payments
$
21,697
$
17,673
$
12,404
$
9,421
$
7,465
$
11,865
$
80,525
Minimum sublease rentals
(609
)
(152
)
(154
)
(84
)
(7
)
(1,006
)
Net future minimum lease commitments
$
21,088
$
17,521
$
12,250
$
9,337
$
7,458
$
11,865
$
79,519
Environmental
We have been named as defendants, targets, or PRPs in a small
number of environmental
clean-ups,
in which our current or former business units have generally
been given de minimis status. To date, none of these
claims have resulted in
clean-up
costs, fines, penalties, or damages in an amount material to our
financial position or results of operations. We have disposed of
a number of businesses in the past and in certain cases, such as
the disposition of the Cross Pointe Paper Corporation uncoated
paper business in 1995, the disposition of the Federal Cartridge
Company ammunition business in 1997, the disposition of Lincoln
Industrial in 2001 and the disposition of the Tools Group in
2004, we have retained responsibility and potential liability
for certain environmental obligations. We have received claims
for indemnification from purchasers of these businesses and have
established what we believe to be adequate accruals for
potential liabilities arising out of retained responsibilities.
We settled some of the claims in prior years; to date our
recorded accruals have been adequate.
In addition, there are ongoing environmental issues at a limited
number of sites, including one site acquired in the acquisition
of Essef Corporation in 1999, which relates to operations no
longer carried out at the sites. We have established what we
believe to be adequate accruals for remediation costs at these
sites. We do not believe that projected response costs will
result in a material liability.
We may be named as a PRP at other sites in the future, for both
divested and acquired businesses. When the outcome of the matter
is probable and it is possible to provide reasonable estimates
of our liability with respect to environmental sites, provisions
have been made in accordance with GAAP. As of December 31,
2010 and 2009, our undiscounted reserves for such environmental
liabilities were approximately $1.3 million and
$2.3 million, respectively. We cannot ensure that
environmental requirements will not change or become more
stringent over time or that our eventual environmental
clean-up
costs and liabilities will not exceed the amount of our current
reserves.
Litigation
We have been made parties to a number of actions filed or have
been given notice of potential claims relating to the conduct of
our business, including those pertaining to commercial disputes,
product liability, environmental, safety and health, patent
infringement and employment matters.
Notes to
consolidated financial statements
(continued)
We record liabilities for an estimated loss from a loss
contingency where the outcome of the matter is probable and can
be reasonably estimated. Factors that are considered when
determining whether the conditions for accrual have been met
include the (a) nature of the litigation, claim, or
assessment, (b) progress of the case, including progress
after the date of the financial statements but before the
issuance date of the financial statements, (c) opinions of
legal counsel and (d) managements intended response
to the litigation, claim, or assessment. Where the reasonable
estimate of the probable loss is a range, we record the most
likely estimate of the loss. When no amount within the range is
a better estimate than any other amount, however, the minimum
amount in the range is accrued. Gain contingencies are not
recorded until realized.
While we believe that a material adverse impact on our
consolidated financial position, results of operations, or cash
flows from any such future charges is unlikely, given the
inherent uncertainty of litigation, a remote possibility exists
that a future adverse ruling or unfavorable development could
result in future charges that could have a material adverse
impact. We do and will continue to periodically reexamine our
estimates of probable liabilities and any associated expenses
and receivables and make appropriate adjustments to such
estimates based on experience and developments in litigation. As
a result, the current estimates of the potential impact on our
consolidated financial position, results of operations and cash
flows for the proceedings and claims could change in the future.
Product
liability claims
We are subject to various product liability lawsuits and
personal injury claims. A substantial number of these lawsuits
and claims are insured and accrued for by Penwald, our captive
insurance subsidiary. Penwald records a liability for these
claims based on actuarial projections of ultimate losses. For
all other claims, accruals covering the claims are recorded, on
an undiscounted basis, when it is probable that a liability has
been incurred and the amount of the liability can be reasonably
estimated based on existing information. The accruals are
adjusted periodically as additional information becomes
available. In 2004, we disposed of the Tools Group and we
retained responsibility for certain product claims. We have not
experienced significant unfavorable trends in either the
severity or frequency of product liability lawsuits or personal
injury claims.
Horizon
Litigation
The Horizon litigation against our subsidiary Essef Corporation
and certain of its subsidiaries by Celebrity Cruise Lines, Inc.
(Celebrity) was settled by payment of
$35 million to Celebrity in August 2008, a portion of which
was covered by insurance. As a result of the settlement, we
recorded a charge of $20.4 million in 2008 which is shown
on the line Legal settlement in the Consolidated
Statements of Income.
Warranties
and guarantees
In connection with the disposition of our businesses or product
lines, we may agree to indemnify purchasers for various
potential liabilities relating to the sold business, such as
pre-closing tax, product liability, warranty, environmental, or
other obligations. The subject matter, amounts and duration of
any such indemnification obligations vary for each type of
liability indemnified and may vary widely from transaction to
transaction. Generally, the maximum obligation under such
indemnifications is not explicitly stated and as a result, the
overall amount of these obligations cannot be reasonably
estimated. Historically, we have not made significant payments
for these indemnifications. We believe that if we were to incur
a loss in any of these matters, the loss would not have a
material effect on our financial condition or results of
operations.
We recognize, at the inception of a guarantee, a liability for
the fair value of the obligation undertaken in issuing the
guarantee.
We provide service and warranty policies on our products.
Liability under service and warranty policies is based upon a
review of historical warranty and service claim experience.
Adjustments are made to accruals as claim data and historical
experience warrant.
Notes to
consolidated financial statements
(continued)
The changes in the carrying amount of service and product
warranties for the years ended December 31, 2010 and 2009
were as follows:
In thousands
2010
2009
Balance at beginning of the year
$
24,288
$
31,559
Service and product warranty provision
56,553
55,232
Payments
(50,729
)
(62,672
)
Acquired
23
Translation
(62
)
146
Balance at end of the period
$
30,050
$
24,288
Stand-by
letters of credit and bonds
In the ordinary course of business, we are required to commit to
bonds that require payments to our customers for any
non-performance. The outstanding face value of the bonds
fluctuates with the value of our projects in process and in our
backlog. In addition, we issue financial stand-by letters of
credit primarily to secure our performance to third parties
under self-insurance programs. As of December 31, 2010 and
December 31, 2009, the outstanding value of these
instruments totaled $116.5 million and $51.2 million,
respectively.
17.
Selected
Quarterly Financial Data (Unaudited)
The following table represents the 2010 quarterly financial
information:
2010
In thousands, except per-share data
First
Second
Third
Fourth
Year
Net sales
$
707,013
$
796,167
$
773,735
$
753,858
$
3,030,773
Gross profit
213,702
248,168
236,542
232,228
930,640
Operating income
63,601
100,126
90,823
79,605
334,155
Income from continuing operations
36,029
61,612
55,729
49,577
202,947
Gain (loss) on disposal of discontinued operations, net of tax
524
593
549
(2,292
)
(626
)
Net income from continuing operations attributable to Pentair,
Inc.
34,797
60,488
54,501
48,668
198,454
Earnings per common share attributable to Pentair,
Inc.(1)
Basic
Continuing operations
$
0.35
$
0.61
$
0.55
$
0.50
$
2.02
Discontinued operations
0.01
0.01
0.01
(0.02
)
(0.01
)
Basic earnings per common share
$
0.36
$
0.62
$
0.56
$
0.48
$
2.01
Diluted
Continuing operations
$
0.35
$
0.61
$
0.55
$
0.49
$
2.00
Discontinued operations
0.01
(0.02
)
(0.01
)
Diluted earnings per common share
$
0.36
$
0.61
$
0.55
$
0.47
$
1.99
(1)
Amounts may not total to annual
earnings because each quarter and year are calculated separately
based on basic and diluted weighted-average common shares
outstanding during that period.
Notes to
consolidated financial statements
(continued)
The following table represents the 2009 quarterly financial
information:
2009
In thousands, except per-share data
First
Second
Third
Fourth
Year
Net sales
$
633,840
$
693,712
$
662,665
$
702,251
$
2,692,468
Gross profit
169,232
196,479
206,967
212,457
785,135
Operating income
37,214
63,560
66,682
52,492
219,948
Income from continuing operations
17,721
32,427
38,677
27,394
116,219
Gain (loss) on disposal of discontinued operations, net of tax
10
(78
)
(85
)
134
(19
)
Net income from continuing operations attributable to to
Pentair, Inc.
17,255
32,006
37,033
29,218
115,512
Earnings per common share attributable to Pentair,
Inc.(1)
Basic
Continuing operations
$
0.18
$
0.33
$
0.38
$
0.30
$
1.19
Discontinued operations
Basic earnings per common share
$
0.18
$
0.33
$
0.38
$
0.30
$
1.19
Diluted
Continuing operations
$
0.18
$
0.33
$
0.38
$
0.29
$
1.17
Discontinued operations
Diluted earnings per common share
$
0.18
$
0.33
$
0.38
$
0.29
$
1.17
(1)
Amounts may not total to annual
earnings because each quarter and year are calculated separately
based on basic and diluted weighted-average common shares
outstanding during that period.
CHANGES
IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A.
CONTROLS
AND PROCEDURES
Our management, with the participation of our Chief Executive
Officer and our Chief Financial Officer, evaluated the
effectiveness of the design and operation of our disclosure
controls and procedures as of the end of the year ended
December 31, 2010, pursuant to
Rule 13a-15(b)
of the Securities Exchange Act of 1934 (the Exchange
Act). Based upon their evaluation, our Chief Executive
Officer and our Chief Financial Officer concluded that our
disclosure controls and procedures were effective as of the year
ended December 31, 2010 to ensure that information required
to be disclosed by us in the reports we file or submit under the
Exchange Act is recorded, processed, summarized and reported,
within the time periods specified in the Securities and Exchange
Commissions rules and forms and to ensure that information
required to be disclosed by us in the reports we file or submit
under the Exchange Act is accumulated and communicated to our
management, including our principal executive and principal
financial officers, as appropriate to allow timely decisions
regarding required disclosures.
Managements
Annual Report on Internal Control Over Financial
Reporting
The report of management required under this ITEM 9A is
contained in ITEM 8 of this Annual Report on
Form 10-K
under the caption Managements Report on Internal
Control Over Financial Reporting.
Attestation
Report of Independent Registered Public Accounting
Firm
The attestation report required under this ITEM 9A is
contained in ITEM 8 of this Annual Report on
Form 10-K
under the caption Report of Independent Registered Public
Accounting Firm.
Changes
in Internal Control over Financial Reporting
There was no change in our internal control over financial
reporting that occurred during the quarter ended
December 31, 2010 that has materially affected or is
reasonably likely to materially affect, our internal control
over financial reporting.
DIRECTORS,
EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Information required under this item with respect to directors
is contained in our Proxy Statement for our 2011 annual meeting
of shareholders under the captions Corporate Governance
Matters, Proposal 1 Election of Certain
Directors and Section 16(a) Beneficial
Ownership Reporting Compliance and is incorporated herein
by reference.
Information required under this item with respect to executive
officers is contained in Part I of this
Form 10-K
under the caption Executive Officers of the
Registrant.
Our Board of Directors has adopted Pentairs Code of
Business Conduct and Ethics and designated it as the code of
ethics for the Companys Chief Executive Officer and senior
financial officers. The Code of Business Conduct and Ethics also
applies to all employees and directors in accordance with New
York Stock Exchange Listing Standards. We have posted a copy of
Pentairs Code of Business Conduct and Ethics on our
website at www.pentair.com/code.html. We intend to
satisfy the disclosure requirements under Item 5.05 of
Form 8-K
regarding amendments to or waivers from, Pentairs Code of
Business Conduct and Ethics by posting such information on our
website at www.pentair.com/code.html.
We are not including the information contained on our website as
part of or incorporating it by reference into, this report.
ITEM 11.
EXECUTIVE
COMPENSATION
Information required under this item is contained in our Proxy
Statement for our 2011 annual meeting of shareholders under the
captions Corporate Governance Matters
Committees of the Board Compensation
Committee, Compensation Discussion and
Analysis, Compensation Committee Report,
Executive Compensation and Director
Compensation and is incorporated herein by reference.
ITEM 12.
SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
RELATED STOCKHOLDER MATTERS
Information required under this item with respect to security
ownership is contained in our Proxy Statement for our 2011
annual meeting of shareholders under the captions Security
Ownership and is incorporated herein by reference.
The following table summarizes, as of December 31, 2010,
information about compensation plans under which our equity
securities are authorized for issuance:
Number of
Securities to be
Number of Securities
Issued Upon
Weighted-average
Remaining Available for
Exercise of
Exercise Price
Future Issuance Under
Outstanding
of Outstanding
Equity Compensation Plans
Options, Warrants
Options, Warrants
(Excluding Securities
and Rights
and Rights
Reflected in Column (a))
Plan category
(a)
(b)
(c)
Equity compensation plans approved by security holders:
2008 Omnibus Stock Incentive Plan
2,654,797
$
29.00
5,773,901
(1)
2004 Omnibus Stock Incentive Plan
4,804,131
$
32.46
(2)
Outside Directors Non-qualified Stock Option Plan
508,488
$
33.01
(2)
Total
7,967,416
$
31.34
5,773,901
(1)
Represents securities remaining
available for issuance under the 2008 Omnibus Plan.
(2)
The 2004 Omnibus Plan and the
Directors Plan were terminated in 2008. Options previously
granted remain outstanding under these plans, but no further
options or shares may be granted or issued under either plan.
All share numbers and per share amounts described in this
section have been adjusted to reflect our
2-for-1
stock split in 2004.
ITEM 13.
CERTAIN
RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
INDEPENDENCE
Information required under this item is contained in our Proxy
Statement for our 2011 annual meeting of shareholders under the
captions Corporate Governance Matters
Independent Directors, and Corporate Governance
Matters Policies and Procedures Regarding Related
Person Transactions and is incorporated herein by
reference.
ITEM 14.
PRINCIPAL
ACCOUNTANT FEES AND SERVICES
Information required under this item is contained in our Proxy
Statement for our 2011 annual meeting of shareholders under the
caption Audit Committee Disclosure and is
incorporated herein by reference.
(a) List of documents filed as part of this report:
(1) Financial Statements
Consolidated Statements of Income for the Years Ended
December 31, 2010, 2009 and 2008
Consolidated Balance Sheets as of December 31, 2010 and 2009
Consolidated Statements of Cash Flows for the Years Ended
December 31, 2010, 2009 and 2008
Consolidated Statements of Changes in Shareholders Equity
for the Years Ended December 31, 2010, 2009 and 2008
Notes to Consolidated Financial Statements
(2) Financial Statement Schedule
Schedule II Valuation and Qualifying Accounts
All other schedules for which provision is made in the
applicable accounting regulations of the Securities and Exchange
Commission have been omitted because they are not applicable or
the required information is shown in the financial statements or
notes thereto.
(3)
Exhibits
The exhibits of this Annual Report on
Form 10-K
included herein are set forth on the attached Exhibit Index.
Pursuant to the requirements of Section 13 or 15(d) 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, on February 22, 2011.
PENTAIR, INC.
By
/s/ John
L. Stauch
John L. Stauch
Executive Vice President and Chief
Financial Officer
Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons
on behalf of the Registrant and in the capacities indicated, on
February 22, 2011.
Signature
Title
/s/ Randall
J. Hogan
Randall
J. Hogan
Chairman and Chief Executive Officer
/s/ John
L. Stauch
John
L. Stauch
Executive Vice President and Chief Financial Officer
Third Restated Articles of Incorporation as amended through
May 3, 2007 (Incorporated by reference to Exhibit 3.1
contained in Pentairs Quarterly Report on
Form 10-Q
for the quarterly period ended March 31, 2007).
3
.2
Fourth Amended and Superseding By-Laws as amended through
May 3, 2007 (Incorporated by reference to Exhibit 3.2
contained in Pentairs Quarterly Report on
Form 10-Q
for the quarterly period ended March 31, 2007).
3
.3
Statement of Resolution of the Board of Directors Establishing
the Series and Fixing the Relative Rights and Preferences of
Series A Junior Participating Preferred Stock (Incorporated
by reference to Exhibit 3.1 contained in Pentairs
Current Report on
Form 8-K
dated December 10, 2004).
4
.1
Rights Agreement dated as of December 10, 2004 between
Pentair, Inc. and Wells Fargo Bank, N.A. (Incorporated by
reference to Exhibit 4.1 contained in Pentairs
Registration Statement on
Form 8-A,
dated as of December 31, 2004).
4
.2
Note Purchase Agreement dated as of July 25, 2003 for
$50,000,000 4.93% Senior Notes, Series A, due
July 25, 2013, $100,000,000 Floating Rate Senior Notes,
Series B, due July 25, 2013 and $50,000,000
5.03% Senior Notes, Series C, due October 15,
2013 (Incorporated by reference to Exhibit 10.22 contained
in Pentairs Current Report on
Form 8-K
dated July 25, 2003).
4
.3
Third Amended and Restated Credit Agreement dated June 4,
2007 by and among Pentair, Inc. and a consortium of financial
institutions including Bank of America, N.A., as Administrative
Agent and Issuing Bank, JPMorgan Chase Bank, N.A., as
Syndication Agent and The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
U.S. Bank N.A. and Wells Fargo Bank, N.A., as Co-Documentation
Agents (Incorporated by reference to Exhibit 4.1 contained
in Pentairs Current Report on
Form 8-K
dated June 4, 2007).
4
.4
First Amendment to Note Purchase agreement dated July 19,
2005 by and among Pentair, Inc. and the undersigned holders
(Incorporated by reference to Exhibit 4 contained in
Pentairs Quarterly Report on
Form 10-Q
for the quarterly period ended July 2, 2005).
4
.5
Form of Note Purchase Agreement, dated May 17, 2007, by and
among Pentair, Inc. and various institutional investors, for the
sale of $300 million aggregate principal amount of
Pentairs 5.87% Senior Notes, Series D, due
May 17, 2017 and $105 million aggregate principal
amount of Pentairs Floating Rate Senior Notes,
Series E, due May 17, 2012 (Incorporated by reference
to Exhibit 4.1 contained in Pentairs Current Report
on
Form 8-K
dated May 17, 2007).
10
.1
Pentairs 1999 Supplemental Executive Retirement Plan as
Amended and Restated effective August 23, 2000
(Incorporated by reference to Exhibit 10.2 contained in
Pentairs Current Report on
Form 8-K
filed September 21, 2000).*
10
.2
Pentairs 1999 Supplemental Executive Retirement Plan as
Amended and Restated effective January 1, 2009
(Incorporated by reference to Exhibit 10.2 contained in
Pentairs Annual Report on
Form 10-K
for the year ended December 31, 2008).*
10
.3
Pentairs Restoration Plan as Amended and Restated
effective August 23, 2000 (Incorporated by reference to
Exhibit 10.3 contained in Pentairs Current Report on
Form 8-K
filed September 21, 2000).*
10
.4
Pentairs Restoration Plan as Amended and Restated
effective January 1, 2009 (Incorporated by reference to
Exhibit 10.4 contained in Pentairs Annual Report on
Form 10-K
for the year ended December 31, 2008).*
10
.5
Pentair, Inc. Non-Qualified Deferred Compensation Plan effective
January 1, 1996 (Incorporated by reference to
Exhibit 10.17 contained in Pentairs Annual Report on
Form 10-K
for the year ended December 31, 2005).*
10
.6
Trust Agreement for Pentair, Inc. Non-Qualified Deferred
Compensation Plan between Pentair, Inc. and Fidelity Management
Trust Company (Incorporated by reference to
Exhibit 10.18 contained in Pentairs Annual Report on
Form 10-K
for the year ended December 31, 1995).*
10
.7
Amendment effective August 23, 2000 to Pentairs
Non-Qualified Deferred Compensation Plan effective
January 1, 1996 (Incorporated by reference to
Exhibit 10.8 contained in Pentairs Current Report on
Form 8-K
filed September 21, 2000).*
10
.8
Pentair, Inc. Non-Qualified Deferred Compensation Plan effective
January 1, 2009, as Amended and Restated Through
July 29, 2009 (Incorporated by reference to
Exhibit 10.2 contained in Pentairs Quarterly Report
on
Form 10-Q
for the year ended September 26, 2009).*
Pentair, Inc. Executive Officer Performance Plan as Amended and
Restated, effective January 1, 2009 (Incorporated by
reference to Appendix B contained in Pentairs Proxy
Statement for its 2009 annual meeting of shareholders).*
10
.10
Form of Key Executive Employment and Severance Agreement for
Randall J. Hogan (Incorporated by reference to
Exhibit 10.10 contained in Pentairs Annual Report on
Form 10-K
for the year ended December 31, 2008).*
10
.11
Form of Key Executive Employment and Severance Agreement for
Michael V. Schrock, Frederick S. Koury and Michael G. Meyer
(Incorporated by reference to Exhibit 10.11 contained in
Pentairs Annual Report on
Form 10-K
for the year ended December 31, 2008).*
10
.12
Form of Key Executive Employment and Severance Agreement for
John L. Stauch, Mark C. Borin and Angela D. Lageson
(Incorporated by reference to Exhibit 10.12 contained in
Pentairs Annual Report on
Form 10-K
for the year ended December 31, 2008).*
10
.13
Pentair, Inc. International Stock Purchase and Bonus Plan, as
Amended and Restated, effective May 1, 2004 (Incorporated
by reference to Appendix I contained in Pentairs
Proxy Statement for its 2004 annual meeting of shareholders).*
10
.14
Pentair, Inc. Compensation Plan for Non-Employee Directors, as
Amended and Restated Through December 16, 2009
(Incorporated by reference to Exhibit 10.14 contained in
Pentairs Annual Report on
Form 10-K
for the year ended December 31, 2009).*
10
.15
Pentair, Inc. Omnibus Stock Incentive Plan, as Amended and
Restated, effective December 12, 2007 (Incorporated by
reference to Exhibit 10.14 contained in Pentairs
Annual Report on
Form 10-K
for the year ended December 31, 2007).*
10
.16
Pentair, Inc. Employee Stock Purchase and Bonus Plan, as Amended
and Restated, effective May 1, 2004 (Incorporated by
reference to Appendix H contained in Pentairs Proxy
Statement for its 2004 annual meeting of shareholders).*
10
.17
Letter Agreement, dated January 6, 2005, between Pentair,
Inc. and Michael Schrock (Incorporated by reference to
Exhibit 10.1 contained in Pentairs Current Report on
Form 8-K
dated January 6, 2005).*
10
.18
Confidentiality and Non-Competition Agreement, dated
January 6, 2005, between Pentair, Inc. and Michael Schrock
(Incorporated by reference to Exhibit 10.2 contained in
Pentairs Current Report on
Form 8-K
dated January 6, 2005).*
10
.19
Pentair, Inc. 2008 Omnibus Stock Incentive Plan, as Amended and
Restated (Incorporated by reference to Appendix A contained
in Pentairs Proxy Statement for its 2010 annual meeting of
shareholders filed on March 18, 2010).*
10
.20
Form of award letter for executive officers under the Pentair,
Inc. 2008 Omnibus Stock Incentive Plan, as amended (Incorporated
by reference to Exhibit 10.1 contained in Pentairs
Current Report on
Form 8-K
filed January 8, 2009).*
10
.21
Form of award letter for directors under the Pentair, Inc. 2008
Omnibus Stock Incentive Plan, as amended (Incorporated by
reference to Exhibit 10.21 contained in Pentairs
Annual Report on
Form 10-K
for the year ended December 31, 2009).*
10
.22
Amended and Restated Pentair, Inc. Outside Directors
Nonqualified Stock Option Plan as amended through
February 27, 2002 (Incorporated by reference to
Exhibit 10.7 contained in Pentairs Annual Report on
Form 10-K
for the year ended December 31, 2001).*
21
List of Pentair subsidiaries.
23
Consent of Independent Registered Public Accounting
Firm Deloitte & Touche LLP.
24
Power of Attorney.
31
.1
Certification of Chief Executive Officer required by
Rule 13a-14(a)
of the Securities Exchange Act of 1934, as amended.
31
.2
Certification of Chief Financial Officer required by
Rule 13a-14(a)
of the Securities Exchange Act of 1934, as amended.
32
.1
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.
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
The following materials from Pentair, Inc.s Annual Report
on
Form 10-K
for the year ended December 31, 2010 are furnished
herewith, formatted in XBRL (Extensible Business Reporting
Language): (i) the Consolidated Statements of Income for
the three years ended December 31, 2010, 2009 and 2008,
(ii) the Consolidated Balance Sheets as of
December 31, 2010 and December 31, 2009,
(iii) the Consolidated Statements of Cash Flows for the
years ended December 31, 2010, 2009 and 2008, (iv) the
Consolidated Statements of Changes in Shareholders Equity
for the years ended December 31, 2010, 2009 and 2008 and
(v) the Notes to the Consolidated Financial Statements.
*
A management contract or compensatory contract.
85
EX-21
2
c62274exv21.htm
EX-21
exv21
Exhibit 21
Pentair, Inc. and subsidiaries as of December 31, 2010.
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in Registration Statement Nos. 333-12561, 333-62475,
333-75166, 333-115429, 333-115430, 333-115432, 333-126693, 333-152458, 333-160925, and 333-168377
of our reports dated February 22, 2011, relating to the financial statements and financial
statement schedule of Pentair, Inc. and subsidiaries (the Company) (which reports expressed an
unqualified opinion), and the effectiveness of Pentair Inc.s internal control over financial
reporting, appearing in this Annual Report on Form 10-K of Pentair Inc. for the year ended December
31, 2010.
Minneapolis, Minnesota
February 22, 2011
EX-24
4
c62274exv24.htm
EX-24
exv24
Exhibit 24
Power of Attorney
KNOW ALL MEN BY THESE PRESENTS that the
undersigned directors of Pentair, Inc., a
Minnesota corporation, hereby constitute and
appoint John L. Stauch and Angela D. Lageson,
or either of them, his/her attorney-in-fact
and agent, with full power of substitution,
for the purpose of signing on his/her behalf
as a director of Pentair, Inc. the Annual
Report on Form 10-K, to be filed with the
Securities and Exchange Commission within the
next sixty days, and to file the same, with
all exhibits thereto and other supporting
documents, with the Commission, granting unto
such attorney-in-fact, full power and
authority to do and perform any and all acts
necessary or incidental to the performance and
execution of the powers herein expressly
granted.
Date: February 22, 2011
Signature
Title
/s/ Leslie Abi-Karam
Director
Leslie Abi-Karam
/s/ Glynis A. Bryan
Director
Glynis A. Bryan
/s/ Jerry W. Burris
Director
Jerry W. Burris
/s/ T. Michael Glenn
Director
T. Michael Glenn
/s/ Charles A. Haggerty
Director
Charles A. Haggerty
/s/ David H. Y. Ho
Director
David H. Y. Ho
/s/ David A. Jones
Director
David A. Jones
/s/ Ronald L. Merriman
Director
Ronald L. Merriman
/s/ William T. Monahan
Director
William T. Monahan
EX-31.1
5
c62274exv31w1.htm
EX-31.1
exv31w1
Exhibit 31.1
Certifications
I, Randall J. Hogan, certify that:
1. I have reviewed this annual report on Form 10-K of Pentair, 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 registrants other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material information relating to
the registrant, including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrants 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 registrants internal control over financial
reporting that occurred during the registrants most recent fiscal quarter (the registrants
fourth fiscal quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the registrants internal control over financial
reporting; and
5. The registrants other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the registrants auditors and the audit
committee of the registrants 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 that are reasonably likely to adversely affect the
registrants 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 registrants internal control over financial reporting.
Date: February 22, 2011
/s/ Randall J. Hogan
Randall J. Hogan
Chairman and Chief Executive Officer
EX-31.2
6
c62274exv31w2.htm
EX-31.2
exv31w2
Exhibit 31.2
Certifications
I, John L. Stauch, certify that:
1. I have reviewed this annual report on Form 10-K of Pentair, 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 registrants other certifying officer and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material information relating to
the registrant, including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrants 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 registrants internal control over financial
reporting that occurred during the registrants most recent fiscal quarter (the registrants
fourth fiscal quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the registrants internal control over financial
reporting; and
5. The registrants other certifying officer and I have disclosed, based on our most recent
evaluation of internal control over financial reporting, to the registrants auditors and the audit
committee of the registrants 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 that are reasonably likely to adversely affect the
registrants 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 registrants internal control over financial reporting.
Date: February 22, 2011
/s/ John L. Stauch
John L. Stauch
Executive Vice President and
Chief Financial Officer
EX-32.1
7
c62274exv32w1.htm
EX-32.1
exv32w1
Exhibit 32.1
Certification of CEO 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 Annual Report of Pentair, Inc. (the Company) on Form 10-K for the period
ended December 31, 2010 as filed with the Securities and Exchange Commission on the date hereof
(the Report), I, Randall J. Hogan, Chairman and Chief Executive Officer of the Company, certify,
pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,
that based on my knowledge:
(1)
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and
(2)
The information contained in the Report fairly presents, in all material respects, the
financial condition and result of operations of the Company.
Date: February 22, 2011
/s/ Randall J. Hogan
Randall J. Hogan
Chairman and Chief Executive Officer
EX-32.2
8
c62274exv32w2.htm
EX-32.2
exv32w2
Exhibit 32.2
Certification of CFO 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 Annual Report of Pentair, Inc. (the Company) on Form 10-K for the period
ended December 31, 2010 as filed with the Securities and Exchange Commission on the date hereof
(the Report), I, John L. Stauch, Executive Vice President and Chief Financial Officer of the
Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that based on my knowledge:
(1)
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and
(2)
The information contained in the Report fairly presents, in all material respects, the
financial condition and result of operations of the Company.
Date: February 22, 2011
/s/ John L. Stauch
John L. Stauch
Executive Vice President and Chief Financial Officer
EX-101.INS
9
pnr-20101231.xml
EX-101 INSTANCE DOCUMENT
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style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">1</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">. </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Summary of Significant Accounting Policies</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Fiscal year</font></p><p style='margin-top:0pt; margin-bottom:0pt'>
;<font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Our fiscal year ends on December 31.</font><font style="font-family:Times New Roman;font-size:10pt;">  We report our interim quarterly periods on a 13-week basis ending on a Saturday.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Principles of consolidation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The accompanying consolidated financial statements include the accounts of Pentair and all subsidiaries, both </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10p
t;"> and non-U.S., that we control. Intercompany accounts and transactions have been eliminated. Investments in companies of which we own 20% to 50% of the voting stock or have the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting </font><font style="font-family:Times New Roman;font-size:10pt;">and</font><font style="font-family:Times New Roman;font-size:10pt;"> as a result, our share of the earnings or losses of such equity affiliates is included in the </font><font style="font-family:Times New Roman;font-size:10pt;">Consolidated S</font><font style="font-family:Times New Roman;font-size:10pt;">tatement</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> of </font><font style="font-family:Times New Roman;font-size:10pt;">I</font>
<font style="font-family:Times New Roman;font-size:10pt;">ncome.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Use of estimates</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the </font><font style="font-family:Times New Roman;font-size:10pt;">United States of America</font><font style="font-family:Times New Roman;font-size:10pt;"> (“GAAP”) requires us to make estimates and assumptions that affect the amounts reported in these consolidated financial statements and accompanying notes. Due to the inherent uncertainty involved in m
aking estimates, actual results reported in future periods may be based upon amounts that could differ from those estimates. The critical accounting policies that require our most significant estimates and judgments include:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       the assessment of recoverability of long-lived assets, including goodwill and indefinite-life intangibles; and</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       accounting for pension benefits, because of the importance in making
the estimates necessary to apply these policies.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Revenue recognition</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We recognize revenue when it is realized or realizable and has been earned. Revenue is recognized when persuasive evidence of an arrangement exists; shipment or delivery has occurred (depending on the terms of the sale); the seller's price to the buyer is fixed or determinable; and </font><font style="font-family:Times New Roman;font-size:10pt;">collectability</font><font style="font-family:Times New Roman;font-size:10pt;"> is reasonably assured.</font></p><p style='margin-top:0pt; margin-bottom:0
pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Generally, there is no post-shipment obligation on product sold other than warranty obligations in the normal</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> ordinary course of business. In the event significant post-shipment obligations were to exist, revenue recognition would be deferred until substantially all obligations were satisfied.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Sales returns</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The
right of return may exist explicitly or implicitly with our customers. Our return policy allows for customer returns only upon our authorization. Goods returned must be product we continue to market and must be in salable condition. Returns of custom or modified goods are normally not allowed. At the time of sale, we reduce revenue for the estimated effect of returns. Estimated sales returns include consideration of historical sales levels, the timing and magnitude of historical sales return levels as a percent of sales, type of product, type of customer</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> a projection of this experience into the future.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Pricing and
sales incentives</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We record estimated reductions to revenue for customer programs and incentive offerings including pricing arrangements, promotions</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> other volume-based incentives at the later of the date revenue is recognized or the incentive is offered. Sales incentives given to our customers are recorded as a reduction of revenue unless we (1) receive an identifiable benefit for the goods or services in exchange for the consideration and (2) we can reasonably estimate the fair value of the benefit received. The following represents a description of our pricing arrangements, promotions</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font
style="font-family:Times New Roman;font-size:10pt;"> other volume-based incentives:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:10.8px;">Pricing arrangements</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:10.8px;">Pricing is established up front with our customers</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> we record sales at the agreed</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">upon net selling price. However, one of our businesses allows customers to apply for a refund of a percentage of the ori
ginal purchase price if they can demonstrate sales to a qualifying OEM customer. At the time of sale, we estimate the anticipated refund to be paid based on historical experience and reduce sales for the probable cost of the discount. The cost of these refunds is recorded as a reduction in gross sales.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:10.8px;">Promotions</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:10.8px;">Our primary promotional activity is what we refer to as cooperative advertising. Under our cooperative advertising programs, we agree to pay the customer a fixed percentage of sales as an allowance that may be used to advertise and promote our products. The customer is generally not required to provide evi
dence of the advertisement or promotion. We recognize the cost of this cooperative advertising at the time of sale. The cost of this program is recorded as a reduction in gross sales.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:10.8px;">Volume-based incentives</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:10.8px;">These incentives involve rebates that are negotiated up front with the customer and are redeemable only if the customer achieves a specified cumulative level of sales or sales increase. Under these incentive programs, at the time of sale, we reforecast the anticipated rebate to be paid based on forecasted sales levels. These forecasts are updated at least quarterly for each customer</font><font style="
font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> sales are reduced for the anticipated cost of the rebate. If the forecasted sales for a customer changes, the accrual for rebates is adjusted to reflect the new amount of rebates expected to be earned by the customer.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Shipping and handling costs</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Amounts billed to customers for shipping and handling are recorded in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Net sales </font><font style="font-family:Times New Roman;fon
t-size:10pt;">in the accompanying Consolidated Statements of Income. Shipping and handling costs incurred by Pentair for the delivery of goods to customers are included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Cost of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">goods sold </font><font style="font-family:Times New Roman;font-size:10pt;">in the accompanying Consolidated Statements of Income.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Research and development</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0p
x;">We conduct research and development (“R&D”) activities in our own facilities, which consist primarily of the development of new products, product applications</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> manufacturing processes. </font><font style="font-family:Times New Roman;font-size:10pt;">We expense R&D c</font><font style="font-family:Times New Roman;font-size:10pt;">osts </font><font style="font-family:Times New Roman;font-size:10pt;">as incurred. R&D expenditures during 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 2008 were $67.2 million, $57.9 million</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New
Roman;font-size:10pt;"> $62.5 million, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Cash equivalents</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We consider highly liquid investments with original maturities of three months or less to be cash equivalents.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Trade receivables and concentration of credit risk</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;
font-size:10pt;margin-left:0px;">We record an allowance for doubtful accounts; reducing our receivables balance to an amount we estimate is collectible from our customers. Estimates used in determining the allowance for doubtful accounts are based on historical collection experience, current trends, aging of accounts receivable</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> periodic credit evaluations of our customers' financial condition. We generally do not require collateral. </font><font style="font-family:Times New Roman;font-size:10pt;"> No customer receivable balances exceeded 10% of total net receivable balances as of December 31, 2010. </font><font style="font-family:Times New Roman;font-size:10pt;">One customer had a receivable balance of approximately 10% of the total net receivable balance as of December 31, 2009.</font></p><p
style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In December 2008 we sold approximately $44 million of one customer's accounts receivable to a third-party financial institution to mitigate accounts receivable concentration risk. Sales of accounts receivable are reflected as a reduction of accounts receivable in our Consolidated Balance Sheets and the proceeds are included in the cash flows from operating activities in our Consolidated Statements of Cash Flows. In 2008</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> a loss in the amount of $0.5 million related to the sale of accounts receivable is included in the line item </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Other </font&g
t;<font style="font-family:Times New Roman;font-size:10pt;">in our Consolidated Statements of Income. We did not undertake a similar sale of customer receivables in </font><font style="font-family:Times New Roman;font-size:10pt;">2010 </font><font style="font-family:Times New Roman;font-size:10pt;">or</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2009.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Inventories</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Inventories are stated at the lower of cost or market with substantially all costed using the first-in, fi
rst-out (“FIFO”) method and with an insignificant amount of inventories located outside the </font><font style="font-family:Times New Roman;font-size:10pt;">United States</font><font style="font-family:Times New Roman;font-size:10pt;"> costed using a moving average method which approximates FIFO.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Property, plant</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> and</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> equipment</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="f
ont-family:Times New Roman;font-size:10pt;margin-left:0px;">Property, plant</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> equipment is stated at historical cost. We compute depreciation by the straight-line method based on the following estimated useful lives:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 625px; text-align:left;border-color:#000000;min-width:625px;"> </td><td style="width: 99px; text-align:center;border-color:#000000;min-width:99px;"><font style="FONT-WEIGHT: bold;TEXT-DECORATION: underline;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Years </font></td></tr><tr style="height: 17px"><td style="width: 625px; text-align:le
ft;border-color:#000000;min-width:625px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Land improvements</font></td><td style="width: 99px; text-align:center;border-color:#000000;min-width:99px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">5 to 20</font></td></tr><tr style="height: 17px"><td style="width: 625px; text-align:left;border-color:#000000;min-width:625px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Buildings and leasehold improvements</font></td><td style="width: 99px; text-align:center;border-color:#000000;min-width:99px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">5 to 50</font></td></tr><tr style="height: 17px"><td style="width: 625px; text-align:left;border-color:#000000;min-width:625px;"><font style="F
ONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Machinery and equipment</font></td><td style="width: 99px; text-align:center;border-color:#000000;min-width:99px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">3 to 15</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Significant improvements that add to productive capacity or extend the lives of properties are capitalized. Costs for repairs and maintenance are charged to expense as incurred. When property is retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any related gains or losses are included in income.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p
style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We review the recoverability of long-lived assets to be held and used, such as property, plant and equipment, when events or changes in circumstances occur that indicate the carrying value of the asset or asset group may not be recoverable. The assessment of possible impairment is based on our ability to recover the carrying value of the asset or asset group from the expected future pre-tax cash flows (undiscounted and without interest charges) of the related operations. If these cash flows are less than the carrying value of such asset or asset group, an impairment loss is recognized for the difference between estimated fair value and carrying value. Impairment losses on long-lived assets held for sale are determined in a similar manner, except that fair values are reduced for the cost to dispose of the assets. The measurement of impairment requires us to estimate future cash flows an
d the fair value of long-lived assets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Goodwill and identifiable intangible assets</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Goodwill</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Goodwill represents the excess of the cost of acquired businesses over the fair value of identifiable tangible net assets and identifiable intangible assets purchased.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times Ne
w Roman;font-size:10pt;margin-left:0px;">Goodwill is tested at least annually for impairment and is tested for impairment more frequently if events or changes in circumstances indicate that the asset might be impaired. The impairment test is performed using a two-step process. In the first step, the fair value of each reporting unit is compared with the carrying amount of the reporting unit, including goodwill. If the estimated fair value is less than the carrying amount of the reporting unit, an indication that goodwill impairment exists and a second step must be completed in order to determine the amount of the goodwill impairment, if any, that should be recorded. In the second step, an impairment loss is recognized for any excess of the carrying amount of the reporting unit's goodwill over the implied fair value of that goodwill. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation.</font></p>
<p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The fair value of each reporting unit is determined using a discounted cash flow analysis and market approach. Projecting discounted future cash flows requires us to make significant estimates regarding future revenues and expenses, projected capital expenditures, changes in working capital and the appropriate discount rate. Use of the market approach consists of comparisons to comparable publicly-traded companies that are similar in size and industry. Actual results may differ from those used in our valuations. This non-recurring fair value measurement is a “Level 3” measurement under the fair value hierarchy described below.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font sty
le="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In developing our discounted cash flow analysis, assumptions about future revenues and expenses, capital expenditures and changes in working capital, are based on our annual operating plan and long-term business plan for each of our reporting units. These plans take into consideration numerous factors including historical experience, anticipated future economic conditions, changes in raw material prices and growth expectations for the industries and end markets we participate in. These assumptions are determined over a five year long-term planning period. The five </font><font style="font-family:Times New Roman;font-size:10pt;">year growth rates for revenues and operating profits vary for each reporting unit being evaluated. Revenues and operating profit beyond 2017 are projected to grow at a 3% perpetual growth rate for all reporting units.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p
><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Discount rate assumptions for each reporting unit take into consideration our assessment of risks inherent in the future cash flows of the respective reporting unit and our weighted-average cost of capital. We utilized discount rates ranging </font><font style="font-family:Times New Roman;font-size:10pt;">from 13% to 15% in</font><font style="font-family:Times New Roman;font-size:10pt;"> determining the discounted cash flows in our fair value analysis. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In estimating fair value using the market approach, we identify a group of comparable publicly-traded companies for each operating segment that are similar in terms of size and produ
ct offering. These groups of comparable companies are used to develop multiples based on total market-based invested capital as a multiple of earnings before interest, taxes, depreciation and amortization (EBITDA). We determine our estimated values by applying these comparable EBITDA multiples to the operating results of our reporting units. The ultimate fair value of each reporting unit is determined considering the results of both valuation methods.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Identifiable intangible assets</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our primary identifiable intangible assets include trade marks and trade names, patents, non-compete agreements, proprietary technology and c
ustomer relationships. Identifiable intangibles with finite lives are amortized and those identifiable intangibles with indefinite lives are not amortized. Identifiable intangible assets that are subject to amortization are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Identifiable intangible assets not subject to amortization are tested for impairment annually or more frequently if events warrant. During the fourth quarter of 2010 and 2009, we completed our annual impairment test for those identifiable assets not subject to amortization and recorded impairment charges in 2009 of $11.3 million, related to trade names. These charges were recorded in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Selling, general and administrative </font><font style="font-family:Times New Roman;font-size:10pt;">in our Consolidated Statements of Income. There was no impairment c
harge required in 2010.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The impairment test consists of a comparison of the fair value of the trade name with its carrying value. Fair value is measured using the relief-from-royalty method. This method assumes the trade name has value to the extent that their owner is relieved of the obligation to pay royalties for the benefits received from them. This method requires us to estimate the future revenue for the related brands, the appropriate royalty rate and the weighted average cost of capital. This non-recurring fair value measurement is a “Level 3” measurement under the fair value hierarchy described below. The impairment charge was the result of significant declines in sales volume. These charges were recorded in </font><font style="font-family:Ti
mes New Roman;font-size:10pt;font-style:italic;">Selling, general and administrative </font><font style="font-family:Times New Roman;font-size:10pt;">in our Consolidated Statements of Income.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">At </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 our goodwill and intangible assets were approximately $</font><font style="font-family:Times New Roman;font-size:10pt;">2,519.6 million and represented approximately 63.4% of our total assets. If we experience further declines in sales and operating profit or do not meet our operating forecasts, we may be subject to future impairments. Additionally, changes in assumptions regarding the future performance of our businesses, increases in the discount rate used to determi
ne the discounted cash flows of our businesses or significant declines in our stock price or the market as a whole could result in additional impairment indicators. Because of the significance of our goodwill and intangible assets, any future impairment of these assets could have a material adverse effect on our financial results.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Equity method investments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have investments that are accounted using the equity method. Our proportionate share of income or losses from investments accounted for under the equity method is recorded in the Consolidated Statements of Income. We write down or write off an inves
tment and recognize a loss when events or circumstances indicate there is impairment in the investment that is other-than-temporary. This requires significant judgment, including assessment of the investees' financial condition and in certain cases the possibility of subsequent rounds of financing, as well as the investees' historical and projected results of operations and cash flows. If the actual outcomes for the investees are significantly different from projections, we may incur future charges for the impairment of these investments.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have a 50% investment in FARADYNE Motors LLC (“FARADYNE”), a joint venture with ITT Water Technologies, Inc. that began design, development and manufacturing of submersible pump motors in 2005. We do not consolidate the investment
in our consolidated financial statements as we do not have a controlling interest over the investment. There were investments in and loans to FARADYNE of $6.1 million and $4.5 million at December 31, 2010 and December 31, 2009, respectively, which is net of our proportionate share of the results of their operations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Income taxes</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We use the asset and liability approach to account for income taxes. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their re
spective tax basis using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period when the change is enacted. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Changes in valuation allowances from period to period are included in our tax provision in the period of change. We recognize the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0
pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Environmental</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We recognize environmental clean-up liabilities on an undiscounted basis when a loss is probable and can be reasonably estimated. Such liabilities generally are not subject to insurance coverage. The cost of each environmental clean-up is estimated by engineering, financial and legal specialists based on current law. Such estimates are based primarily upon the estimated cost of investigation and remediation required and the likelihood that, where applicable, other potentially responsible parties (“PRPs”) will be able to fulfill their commitments at the sites where Pentair may be jointly and severally liable. The process of estimating environmental clean-up liabilities is complex and dep
endent primarily on the nature and extent of historical information and physical data relating to a contaminated site, the complexity of the site, the uncertainty as to what remedy and technology will be required and the outcome of discussions with regulatory agencies and other PRPs at multi-party sites. In future periods, new laws or regulations, advances in clean-up technologies and additional information about the ultimate clean-up remedy that is used could significantly change our estimates. Accruals for environmental liabilities are included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Other current liabilities </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Other non-current liabilities </font><font style="font-family:Times New Roman;font-size:10pt;">in the Consolidated Balance Sheets.</font></p><p
style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Insurance subsidiary</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We insure certain general and product liability, property, workers' compensation and automobile liability risks through our regulated wholly-owned captive insurance subsidiary, Penwald Insurance Company (“Penwald”). Reserves for policy claims are established based on actuarial projections of ultimate losses. As of December 31, 2010 and 2009, reserves for policy claims were </font><font style="font-family:Times New Roman;font-size:10pt;">$49</font><font style="font-family:Times New Roman;font-size:10pt;">.0 million ($12.0 million included in </fon
t><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Accrued product claims and warranties</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and $37.0 million included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Other non-current liabilities</font><font style="font-family:Times New Roman;font-size:10pt;">) and $56.3 million ($10.0 million included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Accrued product claims and warranties </font><font style="font-family:Times New Roman;font-size:10pt;">and $46.3 million included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Other</font><font style="font-family:Times New Roman;font-size:10pt;
"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">non-current liabilities</font><font style="font-family:Times New Roman;font-size:10pt;">), respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Stock-based compensation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We account for stock-based compensation awards on a fair value basis. The estimated grant date fair value of each option award is recognized in income on an accelerated basis over the requisite service period (generally the vesting period). The estimated fair value of each option award is calculated using the Black-Scholes option-pricing model. From time to time, we
have elected to modify the terms of the original grant. These modified grants are accounted for as a new award and measured using the fair value method, resulting in the inclusion of additional compensation expense in our Consolidated Statements of Income. Restricted share awards and units are recorded as compensation cost on a straight-line basis over the requisite service periods based on the market value on the date of grant.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Earnings per common share</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Basic earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share ar
e computed by dividing net income by the weighted-average number of common shares outstanding including the dilutive effects of common stock equivalents. The dilutive effects of stock options and restricted stock awards and units increased weighted average common shares outstanding by 1,257 thousand, 1,107 thousand and 1,181 thousand in 2010, 2009 and 2008, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Stock options excluded from the calculation of diluted earnings per share because the exercise price was greater than the average market price of the common shares were 3,711 thousand, 5,283 thousand and 5,268 thousand in 2010, 2009 and 2008, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-fam
ily:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Derivative financial instruments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We recognize all derivatives, including those embedded in other contracts, as either assets or liabilities at fair value in our Consolidated Balance Sheets. If the derivative is designated as a fair-value hedge, the changes in the fair value of the derivative and the hedged item are recognized in earnings. If the derivative is designated and is effective as a cash-flow hedge, changes in the fair value of the derivative are recorded in other comprehensive income (“OCI”) and are recognized in the Consolidated Statements of Income when the hedged item affects earnings. If the underlying hedged transaction ceases to exist or if the hedge becomes ineffective, all changes in fair value of the related derivatives that have
not been settled are recognized in current earnings. For a derivative that is not designated as or does not qualify as a hedge, changes in fair value are reported in earnings immediately. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We use derivative instruments for the purpose of hedging interest rate and currency exposures, which exist as part of ongoing business operations. We do not hold or issue derivative financial instruments for trading or speculative purposes. All other contracts that contain provisions meeting the definition of a derivative also meet the requirements of and have been designated as, normal purchases or sales. Our policy is not to enter into contracts with terms that cannot be designated as normal purchases or sales. From time to time, we may enter in to short duration foreign currency contracts to hedge
foreign currency risks on intercompany transactions.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Fair value measurements</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font
- -family:Times New Roman;font-size:10pt;font-style:italic;margin-left:21.6px;">Level 1:</font><font style="font-family:Times New Roman;font-size:10pt;">  Valuation is based on observable inputs such as quoted market prices (unadjusted) for identical assets or liabilities in active markets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:21.6px;">Level 2:</font><font style="font-family:Times New Roman;font-size:10pt;">  Valuation is based on inputs such as quoted market prices for similar assets or liabilities in active markets or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.</font></p><p style='margin-top:0pt; margin-bottom:0
pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:21.6px;">Level 3:</font><font style="font-family:Times New Roman;font-size:10pt;">  Valuation is based upon other unobservable inputs that are significant to the fair value measurement.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In making fair value measurements, observable market data must be used when available. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>
60;</p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Foreign currency translation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The financial statements of subsidiaries located outside of the </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> are measured using the local currency as the functional currency. Assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date. Income and expense items are translated at average monthly rates of exchange. The resultant translation adjustments are included in </font><font style="font-family:Times New Roman;f
ont-size:10pt;font-style:italic;">Accumulated </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">o</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">ther </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">c</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">omprehensive </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">i</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">ncome</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> (loss)</font><font style="font-family:Times New Roman;font-size:10pt;"> (“AOCI”), a separate component of shareholders' equity.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt;
margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">New accounting standards</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On January 1, 2009, we adopted new accounting guidance that changes the accounting and reporting for minority interests. Minority interests have been recharacterized as noncontrolling interests and are reported as a component of equity separate from the parent's equity. Purchases or sales of equity interests that do not result in a change in control will be accounted for as equity transactions. In addition, net income attributable to the noncontrolling interest will be included in consolidated net income on the face of the Consolidated Income Statements and upon a loss of control, the interest sold, as well as any interest retained, will be recorded at fair value with any gain or loss recog
nized in earnings. We have classified noncontrolling interest (previously minority interest) as a component of equity for all periods presented.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In June 2009, the Financial Accounting Standards Board issued an amendment to the accounting and disclosure requirements for the consolidation of variable interest entities. The guidance affects the overall consolidation analysis and requires enhanced disclosures on involvement with variable interest entities. The guidance is effective for fiscal years beginning after November 15, 2009. We adopted the new guidance as of January 1, 2010, which did not have a</font><font style="font-family:Times New Roman;font-size:10pt;">ny</font><font style="font-family:Times New Roman;font-size:10pt;"> effect on our consolidated financia
l statements.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Subsequent events</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In connection with preparing the audited consolidated financial statements for the year ended December 31, 2010, we have evaluated subsequent events for potential recognition and disclosure through the date of this filing. </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">2.       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Acquisitions </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On June 28, 2008, we entered into a transaction with GE Water & Process Technologies (a unit of General Electric Company) (“GE”) that was accounted for as an acquisition of an 80.1 percent ownership interest in GE's global water softener and residential water filtration business in exchange for a 19.9 percent interest in our global water softener and residential water f
iltration business. The acquisition was effected through the formation of two new entities (collectively, “Pentair Residential Filtration” or “PRF”), a </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> entity and an international entity, into which we and GE contributed certain assets, properties, liabilities and operations representing our respective global water softener and residential water filtration businesses. We are an 80.1 percent owner of PRF and GE is a 19.9 percent owner. The fair value of the acquisition was $229.2 million, which includes approximately $3.3 million of acquisition related costs. The acquisition and related sale of our 19.9 percent interest resulted in a gain of $109.6 million ($85.8 million after tax), representing the difference between the carrying amount and t
he fair value of the 19.9 percent interest sold.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">With the formation of Pentair Residential Filtration, we believe we are better positioned to serve residential customers with industry-leading technical applications in the areas of water conditioning, whole-house filtration, point of use water management and water sustainability and expect to accelerate revenue growth by selling GE's existing residential conditioning products through our sales channels.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The fair value of the 80.1</font><font style="font-family:Times New Roman;font-size:10pt;"> perce
nt </font><font style="font-family:Times New Roman;font-size:10pt;">interest in the global water softener and residential water filtration business of GE acquired was determined using both an income approach and a market approach. The income approach utilizes a discounted cash flow analysis based on certain key assumptions including a discount rate based on a computed weighted average cost of capital and expected long-term revenue and expense growth rates. The market approach indicates the fair value of a business based on a comparison of the business to guideline publicly traded companies and transactions in its industry.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The fair value of the business acquired was allocated to the assets acquired and liabilities assumed based on their estimated fair values. The excess of the
fair value acquired over the identifiable assets acquired and liabilities assumed is reflected as goodwill. Goodwill recorded as part of the purchase price allocation was approximately $137.9 million, none of which is tax deductible. Identifiable intangible assets acquired as part of the acquisition were $66.5 million, including definite-lived intangibles, such as customer relationships, proprietary technology and trade names with a weighted average amortization period of approximately 15 years.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following pro forma consolidated condensed financial results of operations for the year ended December 31, 2008 is presented as if the acquisition had been completed at the beginning of the period presented:</font></p><p style='margin-top:0pt
; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 642px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands, except share and per-share data</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:63px;"> </td></tr><tr style="height: 17px"><td style="width: 642px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:642px;"><font style
="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Pro forma net sales from continuing operations</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 63px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 3,406,449</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Pro forma net income from continuing operations</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="wid
th: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 256,363</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Pro forma net income </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 228,734</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Pro forma earnings per common share - continuing oper
ations</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Basic</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2.62</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-FA
MILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Diluted</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2.59</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times
New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Weighted average common shares outstanding</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Basic</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 97,887</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><fo
nt style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Diluted</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 99,068</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">These pro forma consolidated condensed financial results have been prepared for comparative purposes only and include certain adjustments. The adjustments do not reflect the effect of synergies that would have been expected to result from the integration of this acquisition. The pro forma information does not purport to be indicative of the results of operatio
ns that actually would have resulted had the combination occurred on January 1, or of future results of the consolidated entities.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">3.       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Discontinued Operations</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In 2010 we were notified of a product recall required by our former Tools Group (which was sold to Black and Decker Corporation in 2004 and treated as a discontinued operation). Under the terms of the sale agreement we are liable for a portion of the product recall costs. We recorded a liability of </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><fon
t style="font-family:Times New Roman;font-size:10pt;">3.2 million</font><font style="font-family:Times New Roman;font-size:10pt;"> ($</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;">0</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> net of tax)</font><font style="font-family:Times New Roman;font-size:10pt;"> in 2010 representing our estimate of the potential cost</font><font style="font-family:Times New Roman;font-size:10pt;"> for products sold prior to </font><font style="font-family:Times New Roman;font-size:10pt;">the </font><font style="font-family:Times New Roman;font-size:10pt;">date of sale of the Tools Group </font><font style="font-famil
y:Times New Roman;font-size:10pt;">associated with this recall.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">In addition, we received the remaining escrow balances from our sale of Lincoln Industrial of approximately $0.5 million</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> and we re</font><font style="font-family:Times New Roman;font-size:10pt;">versed </font><font style="font-family:Times New Roman;font-size:10pt;">tax reserves of approximately $1.0 million due to the expiration of various statues of limitations. </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-famil
y:Times New Roman;font-size:10pt;margin-left:0px;">On December 15, 2008, we sold our Spa and </font><font style="font-family:Times New Roman;font-size:10pt;">Bath</font><font style="font-family:Times New Roman;font-size:10pt;"> (“Spa/Bath”) business to Balboa Water Group in a cash transaction for $9.2 million. The results of Spa/Bath have been reported as discontinued operations for all periods presented. Goodwill of $5.6 million was included in the assets of Spa/Bath.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On February 28, 2008, we sold our National Pool Tile (“NPT”) business to Pool Corporation in a cash transaction for $29.8 million. The results of NPT have been reported as discontinued operations for all periods presented. Goodwill of $16.8 million was i
ncluded in the assets of NPT.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Operating results of the discontinued operations are summarized below:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 489px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td colspan="2" style="width: 67px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:67px;"><font style
="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 67px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:67px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 67px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:67px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font&
gt;</td></tr><tr style="height: 17px"><td style="width: 489px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Net Sales</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid
;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FO
NT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 43,346</font></td></tr><tr style="height: 17px"><td style="width: 489px; text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Loss from discontinued operations before income taxes</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52p
x;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (9,392)</font></td></tr><tr style="height: 17px"><td style="width: 489px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Income tax benefit on operations</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"
> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;">&am
p;#160;</td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,609</font></td></tr><tr style="height: 17px"><td style="width: 489px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Loss from discontinued operations, net of tax</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td
style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td
><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (5,783)</font></td></tr><tr style="height: 17px"><td style="width: 489px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Gain (loss) on disposal of discontinued operations
, before taxes</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,743)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 221</font></td><td st
yle="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (28,692)</font></td></tr><tr style="height: 18px"><td style="width: 489px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Income tax (expense) benefit on (loss)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> 
;</td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,117</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (240)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td
style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 6,846</font></td></tr><tr style="height: 18px"><td style="width: 489px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Loss on disposal of discontinued operations, net of tax</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Ro
man;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (626)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px
;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (19)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (21,846)</font></td></tr></
table></div><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">4.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Restructuring</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">During 2009 and 2008, we announced and initiated certain business restructuring initiatives aimed at reducing our fixed cost structure and rationalizing our manufacturing footprint. These initiatives included the announcement of the closure of certain manufacturing facilities as well as the reduction in hourly and salaried hea
dcount of approximately 800 and 1700 employees in 2009 and 2008, respectively, which included 350 and 1,300 in the Water Group and 450 and 400 in the Technical Products Group. These actions were generally completed by the end of 2009. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Restructuring related costs included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Selling, general and administrative</font><font style="font-family:Times New Roman;font-size:10pt;"> expenses on the Consolidated Statements of Income include costs for severance and related benefits, asset impairment charges and other restructuring costs as follows:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-
top:20px;"><tr style="height: 18px"><td style="width: 555px; text-align:left;border-color:#000000;min-width:555px;"> </td><td colspan="5" style="width: 165px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:165px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended December 31</font></td></tr><tr style="height: 18px"><td style="width: 555px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:555px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="widt
h: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:60px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:60px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font
></td></tr><tr style="height: 17px"><td style="width: 555px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:555px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Severance and related costs</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 11,160</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border
- -top-width:2px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 34,615</font></td></tr><tr style="height: 17px"><td style="width: 555px; text-align:left;border-color:#000000;min-width:555px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Asset impairment</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 4,050</font></td><td style="width: 15px; text
- -align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 5,282</font></td></tr><tr style="height: 17px"><td style="width: 555px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:555px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Contract termination costs</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAM
ILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2,030</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 5,309</font></td></tr><tr style="height: 18px"><td style="width: 555px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:555px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Total restructuring costs</font></td><t
d style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 17,240</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR:
#000000;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 45,206</font></td></tr><tr style="height: 18px"><td style="width: 555px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:555px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:60px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;b
order-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 555px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:555px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:60px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-al
ign:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:60px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">Total restructuring costs related to the Water Group and the Technical Products Group were $7.7 million and $9.5 million, respectively, for year ended December 31, 2009. Total restructuring costs related to the Water Group and the Technical Products Group were $36.3 million and $8.9 million, respectively, for year ended December 31, 2008.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"&
gt;Restructuring accrual activity recorded on the Consolidated Balance Sheets is summarized as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 566px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td colspan="4" style="width: 139px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:139px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended December 31</font></td></tr><tr style="height: 18px"><td
style="width: 566px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#
000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 566px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Beginning balance</font></td><td style="width: 15px; border-top-style:solid;border-t
op-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 14,509</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;background-
color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 34,174</font></td></tr><tr style="height: 17px"><td style="width: 566px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Costs incurred</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px
;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 13,190</font></td></tr><tr style="height: 17px"><td style="width: 566px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Cash payments and other</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">
; (10,515)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (32,855)</font></td></tr><tr style="height: 18px"><td style="width: 566px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">End
ing balance</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 3,994</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-
width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 14,509</font></td></tr><tr style="height: 18px"><td style="width: 566px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#F
FFFFF;border-color:#000000;min-width:52px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td></tr><tr style="height: 17px"><td style="width: 566px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:52px;">&
;#160;</td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td></tr></table></div><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">5.</font><font style="font-family:Times New Roman;font-size:10pt;">        </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Goodwill and Other Identifiable Intangible Assets</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The c</font><font style="font-family:Times New Roman;font-size:10pt;">hanges in the carrying amount of goodwill for the </font><font sty
le="font-family:Times New Roman;font-size:10pt;">year ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> December 31, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> by segment were as</font><font style="font-family:Times New Roman;font-size:10pt;"> follow</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 35px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#0
00000;min-width:10px;"> </td><td style="width: 215px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2009</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;">
0;</td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Acquisitions/
Divestitures</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 102px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Foreign Currency Translation/Other</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;"&
gt;December 31, 2010</font></td></tr><tr style="height: 20px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Water Group</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 106px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"&g
t; 1,802,913</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 97px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #ff0000;"> —</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 102px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:102px;">
;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (18,813)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 112px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,784,100</font></td></tr><tr style="height: 20px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-wi
dth:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Technical Products Group</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 285,884</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #ff0000;"&g
t; —</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 102px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (3,940)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 281,944</font></td></tr><tr style="height: 21px"><td
style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Consolidated Total</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 106px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Ti
mes New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,088,797</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 97px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman
;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 102px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (22,753)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 112px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR
: #000000;TEXT-ALIGN: right;"> 2,066,044</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 39px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:
#000000;min-width:106px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2008</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Acquisitions/
Divestitures</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 102px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Foreign Currency Translation/Other</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;"&
gt;December 31, 2009</font></td></tr><tr style="height: 20px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Water Group</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 106px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"&g
t; 1,818,470</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 97px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 895</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 102px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:
102px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (16,452)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 112px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,802,913</font></td></tr><tr style="height: 20px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000
000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Technical Products Group</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 283,381</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #
000000;"> —</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 102px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2,503</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 285,884</font></td></tr><tr style="height: 21px">&
lt;td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Consolidated Total</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 106px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FA
MILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,101,851</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 97px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 895</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman
;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 102px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (13,949)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 112px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR
: #000000;TEXT-ALIGN: right;"> 2,088,797</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Included in “</font><font style="font-family:Times New Roman;font-size:10pt;">F</font><font style="font-family:Times New Roman;font-size:10pt;">oreign </font><font style="font-family:Times New Roman;font-size:10pt;">C</font><font style="font-family:Times New Roman;font-size:10pt;">urrency </font><font style="font-family:Times New Roman;font-size:10pt;">T</font><font style="font-family:Times New Roman;font-size:10pt;">ranslation/</font><font style="font-family:Times New Roman;font-size:10pt;">O</font><font style="font-family:Times New Roman;font-size:10pt;">ther”</font><font style="font-famil
y:Times New Roman;font-size:10pt;"> in 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> is </font><font style="font-family:Times New Roman;font-size:10pt;">the effect of an </font><font style="font-family:Times New Roman;font-size:10pt;">immaterial error </font><font style="font-family:Times New Roman;font-size:10pt;">corrected in 2009 </font><font style="font-family:Times New Roman;font-size:10pt;">related to the previous accounting treatment for certain acquisitions. The correction resulted in a decrease in goodwill and a decrease of deferred tax liabilities of $28.5 million ($27.5 million in the Water Group and $1.0 million in the Technical Products Group).</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style
="height: 21px"><td colspan="14" style="width: 730px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:730px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> The detail of acquired intangible assets consisted of the following:</font></td></tr><tr style="height: 26px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"> </td><td colspan="6" style="width: 247px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:247px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td colspan="6" style="width: 247px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:247px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FO
NT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Gross</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#
FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Gross</font></
td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 20px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-wi
dth:227px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">carrying</font></td><td colspan="3" style="width: 98px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:98px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Accumulated</font></td><td style="width: 65px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:center;backgrou
nd-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">carrying</font></td><td colspan="3" style="width: 98px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:98px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Accumulated</font></td><td style="width: 65px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 21px"><td style="width: 227px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZ
E: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">amount</font></td><td colspan="3" style="width: 98px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:98px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">amortization</font></td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000
;min-width:65px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Net</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">amount</font></td><td colspan="3" style="width: 98px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:98px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">amortization</font></td><td style="width: 65px; border-bott
om-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Net</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 20px"><td style="width: 227px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Finite-life intangibles</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-top-style:solid;bord
er-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width:
75px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> &
lt;/td></tr><tr style="height: 17px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Patents</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 15,469</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; text-align:right;background-c
olor:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (12,695)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2,774</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE:
9pt;COLOR: #000000;"> 15,458</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (11,502)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 3,956</font></td><td style="width: 9px; text-align:right;background
- -color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Non-compete agreements</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLO
R: #000000;"> —</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 4,522</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="
FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (4,522)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Proprietary technology</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75
px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 74,176</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (29,862)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 44,314</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;">&
#160;</td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 73,244</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (23,855)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 49,389</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;bord
er-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Customer relationships</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 282,479</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (82,90
1)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 199,578</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 288,122</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman
;FONT-SIZE: 9pt;COLOR: #000000;"> (66,091)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 222,031</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Trade names</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-wid
th:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,532</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (383)</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-
align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,149</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,562</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New
Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (235)</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,327</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total finite-life intangibles</font&
gt;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 373,656</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font styl
e="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (125,841)</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 247,815</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-w
idth:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 382,908</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (106,205)</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-AL
IGN: right;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 276,703</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 311px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:311px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Indefinite-life intangibles</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-c
olor:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65
px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Trade names</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 205,755</font></td><td
style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 205,755</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFF
F;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 209,704</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-bottom-sty
le:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 209,704</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 20px"><td style="width: 227px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total intangibles, net</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Time
s New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 579,411</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;C
OLOR: #000000;TEXT-ALIGN: right;"> (125,841)</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 453,570</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-AL
IGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 592,612</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (106,205)&l
t;/font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 486,407</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p sty
le='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Intangible asset amortization expense </font><font style="font-family:Times New Roman;font-size:10pt;">in 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2008 </font><font style="font-family:Times New Roman;font-size:10pt;">was </font><font style="font-family:Times New Roman;font-size:10pt;">approximately </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">24.5</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;">, $27.3 million and $24.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million</
font><font style="font-family:Times New Roman;font-size:10pt;">, respectively</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In 2009 we recorded an impairment charge to write down trade name intangible assets of $11.3 million in the Water Group. Additionally, in 2008 we recorded an impairment charge to write-off a trade name intangible asset of $1.0 million in the Technical Products Group. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The estimated future amortization expense for identifiable intangible assets during the next five years is as follows:</font></p>
;<p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 21px"><td style="width: 260px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:260px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2011</font></td
><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2012</font></td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2013</font></td><td style="width: 12px; border-botto
m-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2014</font></td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 81px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:81px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2015</font></td></tr><tr style="height: 20px"><td style="width: 260px; border-top-sty
le:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:260px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Estimated amortization expense</font></td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 25,140</font></td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000
;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 24,405</font></td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 23,956</font></td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><f
ont style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 79px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 23,631</font></td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 23,333</font></td></tr></table></div>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="7" style="width: 730px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:730px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">6. Supplemental Balance Sheet Information</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color
:#FFFFFF;border-color:#000000;min-width:54px;"> </td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 18px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;
text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COL
OR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Inventories</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border
- -color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Raw materials and supplies</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALI
GN: right;">$</font></td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 223,482</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 200,931</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </
td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Work-in-process</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 37,748</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SI
ZE: 9pt;COLOR: #000000;"> 38,338</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Finished goods</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 144,126</font></td><td style="width: 20px; border-bottom-style:sol
id;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 121,358</font></td></tr><tr style="height: 18px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE
: 9pt;COLOR: #000000;">Total inventories</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 405,356</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-
bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 360,627</font></td></tr><tr style="height: 16px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background
- -color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:
#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Property, plant and equipment</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:
10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Land and land improvements</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 36,484</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY:
Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 36,635</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Buildings and leasehold improvements</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="F
ONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 212,168</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 213,453</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Machinery and equipment</font></td><td
style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 598,554</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 586,764</font></td></tr><tr style="height: 18px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td styl
e="width: 562px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Construction in progress</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 33,841</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:
left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 28,408</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total property, plant and equipment</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </
td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 881,047</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 865,260</font></td></tr><tr style="height: 18px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000
000;min-width:10px;"> </td><td style="width: 562px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Less accumulated depreciation and amortization</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 551,612</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td
style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 531,572</font></td></tr><tr style="height: 18px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Property, plant and equipment, net</font></td><td style="width: 15px; border-to
p-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 329,435</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#00000
0;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 333,688</font></td></tr><tr style="height: 18px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px;
border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr></table></div><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">7.       Supplemental Cash Flow Information</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following table summarizes supplemental cash flow information: </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 475px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:475px;"><font style="FONT-WEIGHT: bold;FONT-
FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px;
border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 475px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:475px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest payments</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; border-top-st
yle:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,083</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">43,010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; border
- -top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">63,851</font></td></tr><tr style="height: 17px"><td style="width: 475px; text-align:left;border-color:#000000;min-width:475px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Income tax payments</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">55,991</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font
style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,719</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">80,765</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On June 28, 2008, we entered into a transaction with GE that was accounted for as an acquisition of an 80.1 percent ownership interest in GE's global water softener and residential water filtration business in exchange for a 19.9 percent interest in our global water softener and residential water filtration business.
The transaction is more fully described in Note 2. </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Acquisitions.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 529px; text-align:left;border-color:#000000;min-width:529px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">8.   Accumulated Other Comprehensive Income (Loss)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 4px"><td style="width: 529px; text-align:lef
t;border-color:#000000;min-width:529px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 17px"><td colspan="6" style="width: 783px; text-align:left;border-color:#000000;min-width:783px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Components of accumulated other comprehensive income (loss) consists of the following:</font></td></tr><tr style="height: 4px"><td style="width: 529px; text-align:left;border-color:#000000;min-width:529px;"> </td><td style="width: 15px; te
xt-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 17px"><td style="width: 529px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:529px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:80px;">
<font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 529px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:529px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Retirement liability adjustments, net of tax</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border
- -color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(71,210)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(58,448)</font></td></tr><tr style="height: 17px"><td style="width: 529px; text-align:le
ft;border-color:#000000;min-width:529px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Cumulative translation adjustments</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">58,184</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">88,671</font></td></tr><tr style="height: 17px"><td style="width: 529px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:529px
;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Market value of derivative financial instruments, net of tax</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(9,316)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(9,626)</font
></td></tr><tr style="height: 17px"><td style="width: 529px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:529px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accumulated other comprehensive income (loss)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(22,342)</font></td&
gt;<td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">20,597</font></td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="8" style="width: 715px; text-align:left;border-color:#000000;min-width:715px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">9. Debt</font></td></tr><tr style="height: 17px"><td colspan="8" style="width: 715px; text-align:left;border-color:#000000;min-width:715px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Debt and the average interest rates on debt outstanding are summarized as follows:</font></td></tr><tr style="height: 22px"><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 287px; text-align:left;backg
round-color:#FFFFFF;border-color:#000000;min-width:287px;"> </td><td style="width: 135px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Average</font></td><td style="width: 85px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td></tr><
tr style="height: 17px"><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 287px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:287px;"> </td><td style="width: 135px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">interest rate</font></td><td style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Maturity</font></td><td style="width: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; text-align:center;background-color:#FFF
FFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 18px"><td colspan="2" style="width: 296px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 135px; border-bottom-style:solid;bo
rder-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2010</font></td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">(Year)</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIG
N: center;">2010</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 296px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Revolving credit facilities</font></td><td style="width: 135px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;
COLOR: #000000;TEXT-ALIGN: center;">0.89%</font></td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2012</font></td><td style="width: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 97,500</font></td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 8
5px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 198,300</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 296px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Private placement - fixed rate</font></td><td style="width: 135px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">5.65%</font></td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2013-2017</font></td><td style="widt
h: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 400,000</font></td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 400,000</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 296px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Private placement - floating rate</font></td><td
style="width: 135px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">0.84%</font></td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2012-2013</font></td><td style="width: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 205,000</font></td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; text-align:right;background
- -color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 205,000</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 296px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Other</font></td><td style="width: 135px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">4.36%</font></td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9p
t;COLOR: #000000;TEXT-ALIGN: right;">2012-2016</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 4,972</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2,337</font></td></tr><tr style="height: 17px"&g
t;<td colspan="2" style="width: 296px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Total debt, including current portion per balance sheet</font></td><td style="width: 135px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:135px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:
85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 707,472</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 805,637</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 296px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Less: Current maturities</font></td><td style="width: 135px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:135px;"> </td><td st
yle="width: 85px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (18)</font></td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (81)</font></td></tr><tr style="height: 17px"><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td&
gt;<td style="width: 287px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:287px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Short-term borrowings</font></td><td style="width: 135px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:135px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style
="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (4,933)</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (2,205)</font></td></tr><tr style="height: 18px"><td colspan="2" style="width: 296px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Long-term debt</font></td><td style="width: 135px; border-top-style:solid;border-top-width:1p
x;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:135px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 702,521</font>&
lt;/td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 803,351</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have a multi-currency revolving Credit Facility (“Credit Facility”). The Credit Facility creates an unsecur
ed, committed revolving credit facility of up to $800 million, with multi-currency sub facilities to support investments outside the </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> The Credit Facility expires on June 4, 2012. Borrowings under the Credit Facility bear interest at the rate of LIBOR plus 0.625%. Interest rates and fees on the Credit Facility vary based on our credit ratings.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We are authorized to sell short-term commercial paper notes to the extent availability exists under the Credit Facility. We use the Credit Facility as back-up liquidity to support 100% of commercial paper outstanding. Our use of commercial paper as a funding </font><font style="fon
t-family:Times New Roman;font-size:10pt;">vehicle depends upon the relative interest rates for our paper compared to the cost of borrowing under our Credit Facility. </font><font style="font-family:Times New Roman;font-size:10pt;">As of December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and December 31, 2009 we</font><font style="font-family:Times New Roman;font-size:10pt;"> had no</font><font style="font-family:Times New Roman;font-size:10pt;"> outstanding commercial paper. </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Total availability under our existing Credit Facility was $</font><font style="font-family:Times New Roman;font-size:10pt;">702.5</fon
t><font style="font-family:Times New Roman;font-size:10pt;"> million a</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> of December 31, 2010, which </font><font style="font-family:Times New Roman;font-size:10pt;">was</font><font style="font-family:Times New Roman;font-size:10pt;"> not limited by</font><font style="font-family:Times New Roman;font-size:10pt;"> any of </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> credit agreement's </font><font style="font-family:Times New Roman;font-size:10pt;">financial</font><font style="font-family:Times New Roman;font-size:10pt;"> covenant</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">
; as of that date.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In addition to the Credit Facility, we </font><font style="font-family:Times New Roman;font-size:10pt;">have $</font><font style="font-family:Times New Roman;font-size:10pt;">40.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> of uncommitted credit facilities, under which we </font><font style="font-family:Times New Roman;font-size:10pt;">had $</font><font style="font-family:Times New Roman;font-size:10pt;">4.8</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Ro
man;font-size:10pt;"> of borrowings as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our debt agreements contain certain financial covenants, the most restrictive of which is a leverage ratio (total consolidated indebtedness, as defined, over consolidated EBITDA, as defined) that may not exceed 3.5 to 1.0. We were in compliance with all financial covenants in our debt agreements as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='marg
in-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On July 8, 2008, we commenced a cash tender offer for all of our outstanding $250 million aggregate principal of 7.85% Senior Notes due 2009 (the “Notes”). Upon expiration of the tender offer on August 4, 2008, we purchased $116.1 million aggregate principal amount of the Notes. As a result of this transaction, we recognized a loss of $4.6 million on early extinguishment of debt in 2008. The loss included the write off of $0.1 million in unamortized deferred financing fees in addition to recognition of $0.6 million in previously unrecognized swap gains</font><font style="font-family:Times New Roman;font
- -size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> cash paid of $5.1 million related to the tender premium and other costs associated with the purchase.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On March 16, 2009, we announced the redemption of all of our remaining outstanding $133.9 million aggregate principal</font><font style="font-family:Times New Roman;font-size:10pt;"> of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Notes</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">The Notes were redeemed on April 15, 2009 at a redemption price of $1,035.88
per $1,000 of principal outstanding plus accrued interest thereon. </font><font style="font-family:Times New Roman;font-size:10pt;">As a result of this transaction, we recognized a loss of $4.8 million on early extinguishment of debt in the second quarter of 2009. The loss included the write off of $0.1 million in unamortized deferred financing fees in addition to recognition of $0.3 million in previously unrecognized swap gains</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> cash paid of $5.0 million related to the redemption and other costs associated with the purchase.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Debt outstanding at </font><font style="font-family:Times New Roman;font-size:10pt;"&g
t;December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> matures on a calendar year basis as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 58px; text-align:left;border-color:#000000;min-width:58px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15p
x;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td></tr><tr style="hei
ght: 18px"><td style="width: 216px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:216px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 58px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-b
ottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:2px
;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2015</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFF
FF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Thereafter</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td></tr><tr style="height: 7px"><td style="width: 216px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:216px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;bo
rder-color:#000000;min-width:15px;"> </td><td style="width: 58px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:58px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-ali
gn:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; border-top-style
:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:57px;"> </td></tr><tr style="height: 18px"><td style="width: 216px; border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:216px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Contractual debt obligation maturities</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 58px; border-bottom-style:double;border-bottom-width:3px;
text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 4,951</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 202,517</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</fo
nt></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 200,003</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font styl
e="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 300,000</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-wid
th:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 707,472</font></td></tr></table></div><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">10.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Derivatives and Financial Instruments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Cash-flow Hedges</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In August 2007, we entered into a $105 million interest rate swap agreement with a major f
inancial institution to exchange variable rate interest payment obligations for a fixed rate obligation without the exchange of the underlying principal amounts in order to manage interest rate exposures. The effective date of the swap was August 30, 2007. The swap agreement has a fixed interest rate of </font><font style="font-family:Times New Roman;font-size:10pt;">4.89% and expires in May 2012. The fixed interest rate of 4.89% plus the .50% interest rate spread over LIBOR results in an effective fixed interest rate of 5.39%. </font><font style="font-family:Times New Roman;font-size:10pt;">The fair value of the swap was a liability of </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">6.4</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> and $8.1 mil
lion at December 31, 2010 and December 31, 2009, respectively</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> was recorded in </font><font style="font-family:Times New Roman;font-size:10pt;">AOCI</font><font style="font-family:Times New Roman;font-size:10pt;"> on the Consolidated Balance Sheets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In September 2005, we entered into a $100 million interest rate swap agreement with several major financial institutions to exchange variable</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">rate interest payment obligations for fixed</font><font style="
font-family:Times New Roman;font-size:10pt;">-ra</font><font style="font-family:Times New Roman;font-size:10pt;">te obligations without the exchange of the underlying principal amounts in order to manage interest rate exposures. The effective date of the fixed</font><font style="font-family:Times New Roman;font-size:10pt;">-r</font><font style="font-family:Times New Roman;font-size:10pt;">ate swap was April 25, 2006. The swap agreement has a fixed interest rate of 4.68% and expires in July 2013. The fixed interest rate of 4.68% plus the .60% interest rate spread over LIBOR results in an effective fixed interest rate of 5.28%.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The fair value of the swap was a liability </font><font style="font-family:Times New Roman;font-size:10pt;">of $</font><font style="font-family:Times New Roman;font-size:1
0pt;">9.4</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $8.3 million at December 31, 2010 and December 31, 2009, respectively</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> was recorded in </font><font style="font-family:Times New Roman;font-size:10pt;">AOCI</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">on the</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Consolidated Balance Sheets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-
top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The variable to fixed interest rate swaps are designated as cash-flow hedges. The fair value of these swaps are recorded as assets or liabilities on the</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Consolidated Balance Sheet</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">. Unrealized income/expense is included in </font><font style="font-family:Times New Roman;font-size:10pt;">A</font><font style="font-family:Times New Roman;font-size:10pt;">OCI and realized income/expense</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">amounts due to/from swap counterpart
ies, are included in earnings. </font><font style="font-family:Times New Roman;font-size:10pt;">We realized incremental interest expense resulting from the swaps of $</font><font style="font-family:Times New Roman;font-size:10pt;">9.2</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">million and $7.9 million at December 31, 2010 and December 31, 2009, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The variable to fixed interest rate swaps are designated as and are effective as cash-flow hedges. The fair value of these swaps are recorded as assets or liabilities on the Consolidated Balance Sheets, with changes in their fair value included in OCI. Derivative gains and losses included in
OCI are reclassified into earnings at the time the related interest expense is recognized or the settlement of the related commitment occurs. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Failure of one or more of our swap counterparties would result in the loss of any benefit to us of the swap agreement. In this case, we would continue to be obligated to pay the variable interest payments per the underlying debt agreements which are at variable interest rates of 3 month LIBOR plus .50% for $105 million of debt and 3 month LIBOR plus .60% for $100 million of debt. Additionally, failure of one or all of our swap counterparties would not eliminate our obligation to continue to make payments under our existing swap agreements if we continue to be in a net pay position.</font></p><p style='margin-top:0pt; margin-bottom
:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">At</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 and 2009, our interest rate swaps are carried at fair value measured on a recurring basis. Fair values are determined through the use of models that consider various assumptions, including time value, yield curves, as well as other relevant economic measures, which are inputs that are classified as Level 2 in the valuation hierarchy</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Foreign
currency hedges</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">At December 31, 2010 we had a euro to U</font><font style="font-family:Times New Roman;font-size:10pt;">.S. dollar</font><font style="font-family:Times New Roman;font-size:10pt;"> contract that expired on January 7, 2011 with a notional amount of $132.5 million. The fair value of the </font><font style="font-family:Times New Roman;font-size:10pt;">contract</font><font style="font-family:Times New Roman;font-size:10pt;"> was an asset of $1.</font><font style="font-family:Times New Roman;font-size:10pt;">2 million.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Fair value of
financial instruments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The recorded amounts and estimated fair values of long-term debt, excluding the effects of derivative financial instruments</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> the recorded amounts and estimated fair value of those derivative financial instruments were as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 389px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; text-align:left;background-color:#FF
FFFF;border-color:#000000;min-width:15px;"> </td><td colspan="3" style="width: 143px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:143px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td colspan="3" style="width: 143px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:143px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td
></tr><tr style="height: 14px"><td style="width: 389px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Recorded</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SI
ZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fair</font></td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Recorded</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;
"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fair</font></td></tr><tr style="height: 14px"><td style="width: 389px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:389px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">amount </font></td><td style="width: 1
5px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">value </font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-W
EIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">amount </font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">value </font></td></tr><tr style="height: 17px"><td style="width: 389px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:389px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total debt, including current portion</font></td><td style="width: 15px
; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </
td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Variable rate</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN:
left;">$</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">307,433</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">307,433</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMIL
Y: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">405,505</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">405,505</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:389px;"><
;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fixed rate</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">400,039</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;
TEXT-ALIGN: right;">438,492</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">400,132</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-co
lor:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">390,930</font></td></tr><tr style="height: 18px"><td style="width: 389px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-col
or:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">707,472</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">745,925</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-co
lor:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">805,637</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">
$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">796,435</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:389px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Derivative financial instruments</font></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFF
FFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width
:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 389px; border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Market value of interest rate swaps and foreign currency contracts, net</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; border-bottom-style:doub
le;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(14,585)</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(14,585)</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="wid
th: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(16,354)</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style=
"FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(16,354)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following methods were used to estimate the fair values of each class of financial instrument measured on a recurring basis:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       short-term financial instruments (cash and cash equivalents, accounts and notes receivable, accounts and notes payable</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:
Times New Roman;font-size:10pt;"> variable</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">rate debt) — recorded amount approximates fair value because of the short maturity period;</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       long-term fixed</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">rate debt, including current maturities — fair value is based on market quotes available for issuance of debt with similar terms, which are inputs that are classified as Level 2 in the valuation hierarchy defin
ed by the accounting guidance; and</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       interest</font><font style="font-family:Times New Roman;font-size:10pt;"> rate swaps</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and foreign currency</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">contract</font><font style="font-family:Times New Roman;font-size:10pt;"> agreements — fair values are determined through the use of models that consider various assumptions, including time value, yield curves, as wel
l as other relevant economic measures, which are inputs that are classified as Level 2 in the valuation hierarchy defined by the accounting guidance.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">11.   Income Taxes</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td&
gt;<td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;backgro
und-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="7" style="width: 720px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:720px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Income from continuing operations before income taxes and noncontrolling interest consisted of the following:</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;
"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left
;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:
#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">U.S.</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-to
p-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">217,213</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">111,530</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;
TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">220,294</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">International</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><
font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">82,934</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">61,117</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEX
T-ALIGN: right;">146,846</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Income from continuing operations before taxes and noncontrolling interest</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-widt
h:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">300,147</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">172,647</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><fo
nt style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">367,140</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> <
/td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="7" style="width: 720px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:720px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The provision for income taxes for continuin
g operations consisted of the following:</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> &l
t;/td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-wi
dth:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:
483px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Currently payable</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"
> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Federal</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">44,766</font></td><td style="width: 15px; text-align:right;background-colo
r:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">10,502</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">41,985</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000
000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">State</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">6,591</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,456</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> <
;/td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">5,140</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">International</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: ri
ght;">17,877</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">13,947</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">25,735</font></td></tr><tr style="height: 17p
x"><td style="width: 483px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total current taxes</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">69,234</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-al
ign:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">26,905</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">72,860</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred</font></td><td style="width: 15px; text-align:right;backgro
und-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Federal and state</fon
t></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">26,445</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">26,733</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style
="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,535</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">International</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,521</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right
;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,790</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(51)</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-al
ign:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total deferred taxes</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">27,966</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="
width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">29,523</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,484</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;border-bottom-style:double
;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total provision for income taxes</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">97,200</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:d
ouble;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">56,428</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width
:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">108,344</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;
border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="7" style="width: 720px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:720px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Reconciliation of the U.S. statutory income tax rate to our effective tax rate for continuing operations follows:</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;m
in-width:483px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-wi
dth:483px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Percentages</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-
WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">U.S. statutory income tax rate</font></td><td style="width: 15px; border-top-style:solid;bord
er-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35.0</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35.0</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;">&
;#160;</td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35.0</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">State income taxes, net of federal tax benefit</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2.1</font></td><td style="width: 15px; t
ext-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2.6</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1.6</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Tax effect of stock-based compensation</font></td
><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.2</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.2</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Time
s New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.2</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Tax effect of international operations</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3.8)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"&g
t;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3.5)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(6.1)</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Tax credits</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-widt
h:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.3)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1.4)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1.0)</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min
- -width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Domestic manufacturing deduction</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1.4)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.4)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px
;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.7)</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">ESOP dividend benefit</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.2)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#0
00000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.4)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.2)</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">All other, net</font></td><td style="width:
15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.8</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.6</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;backgrou
nd-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.7</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Effective tax rate on continuing operations</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style
="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32.4</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32.7</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;
background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">29.5</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px
; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="7" style="width: 720px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:720px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Reconciliation of the beginning and ending gross unrecognized tax benefits fol
lows:</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="h
eight: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td>
<td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAM
ILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross unrecognized tax benefits — beginning balance</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">29,962</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td s
tyle="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">28,139</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">23,879</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY:
Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross increases for tax positions in prior periods</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">286</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,191</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td>&l
t;td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,526</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross decreases for tax positions in prior periods</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(2,490)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color
:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(2,433)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(411)</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross increases based on tax positions related to the current year</font></td><td style=
"width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,431</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,789</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FO
NT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,666</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross decreases related to settlements with taxing authorities</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(4,182)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min
- -width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(209)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Reductions due to statute expiration</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15
px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(747)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(515)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style
:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,521)</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross unrecognized tax benefits at December 31</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; b
order-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">24,260</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">29,962</font></td><td style="width: 15px; border-top-style:soli
d;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">28,139</font></td></tr><tr style="height: 18px"><td style="width: 483px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td
style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0
pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Included in the $</font><font style="font-family:Times New Roman;font-size:10pt;">24.3</font><font style="font-family:Times New Roman;font-size:10pt;"> million of total gross unrecognized tax benefits as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> was $</font><font style="font-family:Times New Roman;font-size:10pt;">22.4</font><font style="font-family:Times New Roman;font-size:10pt;"> million of tax benefits that, if recognized, would impact the effective tax rate. It is reasonably possible that the gross unrecognized tax benefits as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> may decrease by
a range of $0 to $</font><font style="font-family:Times New Roman;font-size:10pt;">17.</font><font style="font-family:Times New Roman;font-size:10pt;">5</font><font style="font-family:Times New Roman;font-size:10pt;"> million during the next twelve months primarily as a result of the resolution of federal, state and foreign examinations and the expiration of various statutes of limitations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The determination of annual income tax expense takes into consideration amounts which may be needed to cover exposures for open tax years. The Internal Revenue Service (“IRS”) has examined our </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-siz
e:10pt;"> federal income tax returns through 2003 with no material adjustments. The IRS has also completed a survey of our 2004 </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> federal income tax return with no material findings. The IRS is currently examining our federal tax returns for years 2005 through 2009. No material adjustments have been proposed</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> however, actual settlements may differ from amounts accrued.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We record penalties and interest related to unrecognized tax benefits in </font><font
style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Provision</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">for income taxes </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">In</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">terest expense</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively, which is consistent with our past practices. As of December 31, 2010, we had recorded approximately $</font><font style="font-family:Times New Roman;font-size:10pt;">0</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;">8</font><font style="font-fa
mily:Times New Roman;font-size:10pt;"> million for the possible payment of penalties </font><font style="font-family:Times New Roman;font-size:10pt;">and $4.</font><font style="font-family:Times New Roman;font-size:10pt;">8</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> related to the possible payment of interest</font><font style="font-family:Times New Roman;font-size:10pt;"> expense</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">U</font><font style="font-family:Times New Roman;font-size:10pt;">.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> in
come taxes have not been provided on undistributed earnings of international subsidiaries. It is our intention to reinvest these earnings permanently or to repatriate the earnings only when it is tax effective to do so. As of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;">, approximately $2</font><font style="font-family:Times New Roman;font-size:10pt;">23.7</font><font style="font-family:Times New Roman;font-size:10pt;"> million of unremitted earnings attributable to international subsidiaries were considered to be indefinitely invested. It is not practicable to estimate the amount of tax that might be payable if such earnings were to be remitted.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin
- -left:0px;">Deferred taxes arise because of different treatment between financial statement accounting and tax accounting, known as “temporary differences.” We record the tax effect of these temporary differences as “deferred tax assets” (generally items that can be used as a tax deduction or credit in future periods) and “deferred tax liabilities” (generally items for which we received a tax deduction but the tax impact has not yet been recorded in the Consolidated Statements of Income).</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Deferred taxes were classified in the </font><font style="font-family:Times New Roman;font-size:10pt;">C</font><font style="font-family:Times New Roman;font-size:10pt;">onsolidated </font><font style="font-fam
ily:Times New Roman;font-size:10pt;">B</font><font style="font-family:Times New Roman;font-size:10pt;">alance </font><font style="font-family:Times New Roman;font-size:10pt;">S</font><font style="font-family:Times New Roman;font-size:10pt;">heet</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> as follows: </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="3" style="width: 143px; text-align:right;border-color:#000000;min-width:143px;"> </td><td style="width: 18px; text-align:ri
ght;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td colspan="3" style="width: 134px; text-align:center;border-color:#000000;min-width:134px;"> </td></tr><tr style="height: 17px"><td style="width: 389px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;te
xt-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; b
order-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred tax assets</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td>
<td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">56,349</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #0000
00;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">49,609</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other noncurrent assets</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td
style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,647</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">5,132</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other current liabilities</font></td&g
t;<td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(547)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;borde
r-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(149)</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred tax liabilities</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;borde
r-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(169,198)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;
FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(146,630)</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net deferred tax liability</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000
000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALI
GN: right;">(111,749)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(92,038)</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td
style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;m
in-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="10" style="width: 714px; text-align:left;border-color:#000000;min-width:714px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The tax effects of the major items recorded as deferred tax assets and liabilities are as follows:</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td
><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="3" style="width: 143px; text-align:center;border-color:#000000;min-width:143px;"><font style="FO
NT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="3" style="width: 134px; text-align:center;border-color:#000000;min-width:134px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 14px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"> </td><td colspan="4" style="width: 158px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:158px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Deferred tax
</font></td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td><td colspan="4" style="width: 149px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:149px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;"> Deferred tax </font></td></tr><tr style="height: 15px"><td style="width: 389px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;
border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Assets </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Liabilities </font></td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:solid;border-t
op-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Assets </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Liabilities </font></td></tr><tr style=
"height: 17px"><td style="width: 389px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accounts receivable allowances</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4,490</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TE
XT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 18px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4,073</font></td><td style="width: 15px; border-top-style:
solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Inventory valuation</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALI
GN: right;">17,381</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11,005</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-F
AMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accelerated depreciation/amortization</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">
11,436</font></td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12,893</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accr
ued product claims and warranties</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">25,753</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font st
yle="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">24,558</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Employee benefit accruals</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">110,54
7</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">119,357</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Ro
man;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill and other intangibles</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">187,103</font></t
d><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">172,675</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;
TEXT-ALIGN: left;">Other, net </font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">71,381</font></td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#0000
00;min-width:18px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">65,463</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-top-style:solid;border-top-width:2px;border-bot
tom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total deferred taxes</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">158,171</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-
width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">269,920</font></td><td style="width: 18px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top
- -width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">158,993</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">251,031</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;m
in-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net deferred tax liability</font></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="TEXT-DECORATION: underline;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(111,749)</font></td><
;td style="width: 18px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="TEXT-DECORATION: underline;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(92,038)</font></td></tr><tr sty
le="height: 19px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; t
ext-align:right;border-color:#000000;min-width:64px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Included in Other, net in the table above are deferred tax assets of $</font><font style="font-family:Times New Roman;font-size:10pt;">2.3</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-family:Times New Roman;font-size:10pt;">4.7</font><font style="font-family:Times New Roman;font-size:10pt;"> million as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font st
yle="font-family:Times New Roman;font-size:10pt;">, respectively, related to a foreign tax credit carryover from the tax period ended December 31, 2006 and related to state net operating losses. The foreign tax credit is eligible for carryforward until the tax period ending December 31, 2016.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Non-U.S. tax losses of $</font><font style="font-family:Times New Roman;font-size:10pt;">49.6</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-family:Times New Roman;font-size:10pt;">49.1</font><font style="font-family:Times New Roman;font-size:10pt;"> million were available for carryforward at </font><font style="font-family:Times New Roman;fo
nt-size:10pt;">December 31, 2010 </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively. A valuation allowance reflected above in </font><font style="font-family:Times New Roman;font-size:10pt;">O</font><font style="font-family:Times New Roman;font-size:10pt;">ther,</font><font style="font-family:Times New Roman;font-size:10pt;"> net</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">o</font><font style="font-family:Times New Roman;font-size:10pt;">f $</font><font style="font-family:Times New Roman;font-size:10pt;">9.4</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-
family:Times New Roman;font-size:10pt;">7.5</font><font style="font-family:Times New Roman;font-size:10pt;"> million exists for deferred income tax benefits related to the non-U.S. loss carryforwards available as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 and 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively that may not be realized. We believe that sufficient taxable income will be generated in the respective countries to allow us to fully recover the remainder of the tax losses. The non-U.S. operating losses are subject to varying expiration periods and will begin to expire in 201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">. State tax losses of $</font><font style="font-family:Times New Roman;font-size:10pt;">69.3</font><font style="fon
t-family:Times New Roman;font-size:10pt;"> million and $73.0 million were available for carryforward at </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 and 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively. A valuation allowance reflected above in </font><font style="font-family:Times New Roman;font-size:10pt;">O</font><font style="font-family:Times New Roman;font-size:10pt;">ther,</font><font style="font-family:Times New Roman;font-size:10pt;"> net</font><font style="font-family:Times New Roman;font-size:10pt;"> of $2.</font><font style="font-family:Times New Roman;font-size:10pt;">4</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $2.</font><font style="font-family:Times New Roman;font-size:10pt;">6</font><font style="font-family:Times New Roman;font-size:10pt;">&
amp;#160;million exists for deferred income tax benefits related to the carryforwards available at </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 and 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively. Certain state tax losses will expire in 201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">, while others are subject to carryforward periods of up to twenty years.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">12.       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> Benefit Plans</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Pension and post-retirement benefits</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We sponsor domestic and foreign defined-benefit pension and other post-retirement plans. Pension benefits are based principally on an employee's years of service and/or compensation levels near reti
rement. In addition, we also provide certain post-retirement health care and life insurance benefits. Generally, the post-retirement health care and life insurance plans require contributions from retirees. </font><font style="font-family:Times New Roman;font-size:10pt;">We use a December 31 measurement date each year.</font><font style="font-family:Times New Roman;font-size:10pt;"> In December 2007, we </font><font style="font-family:Times New Roman;font-size:10pt;">announce</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> that we will be freezing certain pension plans as of December 31, 2017. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Obligations and Funded Stat
us</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following tables present reconciliations of the benefit obligation of the plans, the plan assets of the pension plans</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> the funded status of the plans:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"> </td><td colspan="5" style="width: 155px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:155px;"><font style="FONT-WEIGHT: bold
;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;"> </td><td colspan="5" style="width: 155px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:155px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font></td></tr><tr style="height: 18px"><td style="width: 385px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td colspan="2" style="width: 70px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px
;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 70px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 25px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:25px;"> </td><td colspan="2" style="width: 70px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bot
tom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 70px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000
000;TEXT-ALIGN: left;">Change in benefit obligation</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 25px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-top
- -style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:55px;"> </td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Benefit obligation beginning of year</font></td><td style="wid
th: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">552,309</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">521,698</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:2
5px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,301</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">38,417</font></td></tr><tr style="height
: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Service cost</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11,588</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12,334</font></td><td style="width: 25px; text-
align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">200</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">214</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #
000000;TEXT-ALIGN: left;">Interest cost</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">31,671</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,612</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#
160;</td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,013</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,377</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amendments</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> <
;/td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(281)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #0
00000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,303)</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Settlements</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR:
#000000;TEXT-ALIGN: right;">(104)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">
 </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Actuarial (gain) loss</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">24,677</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-widt
h:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">13,309</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(647)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="wid
th: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,517)</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Translation (gain) loss</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(4,208)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td
style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,469</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;
TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 21px"><td style="width: 385px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Benefits paid</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(28,844)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bot
tom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(30,116)</font></td><td style="width: 25px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,152)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;
text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(2,887)</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Benefit obligation end of year</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;b
order-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">586,808</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-to
p-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">552,309</font></td><td style="width: 25px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10
pt;COLOR: #000000;TEXT-ALIGN: right;">33,715</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,301</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-top-style:double;border-top-width:3px;text-align:left
;border-color:#000000;min-width:385px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Change in plan assets</font></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 25px; border-top-style:double;b
order-top-width:3px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY:
Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair value of plan assets beginning of year</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,188</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZ
E: 10pt;COLOR: #000000;TEXT-ALIGN: right;">265,112</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;">
;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Actual gain (loss) return on plan assets</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,495</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-co
lor:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">44,521</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font&
gt;</td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Company contributions</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">49,840</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">49,044<
/font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,152</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,887</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font st
yle="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Settlements</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(104)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; tex
t-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Translation gain (loss)</font></td><td sty
le="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(92)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">627</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;m
in-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Benefits paid</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000
;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(28,844)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(30,116)</font></td><td style="width: 25px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:25
px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,152)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(2,887)</font&
gt;</td></tr><tr style="height: 17px"><td style="width: 385px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair value of plan assets end of year</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">385,483</font></td><td
style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,188</font></td><td style="width: 25px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:25px;"> </td><td
style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-
FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Funded status</font></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:
55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 25px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;
text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td></tr><tr style="height: 17px"><td style="width: 385px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Plan assets less than benefit obligation</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border
- -bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(201,325)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(223,121)</font></td><td style="width: 25px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;borde
r-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(33,715)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="wi
dth: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(35,301)</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net amount recognized</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double
;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(201,325)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(223,121)</font
></td><td style="width: 25px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(33,715)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;">&
;#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(35,301)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Of the </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10
pt;">20</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Times New Roman;font-size:10pt;"> million underfunding at December 31, 2010, $</font><font style="font-family:Times New Roman;font-size:10pt;">123.6</font><font style="font-family:Times New Roman;font-size:10pt;"> million relates to foreign pension plans and our supplemental executive retirement plans which are not commonly funded.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Amounts recognized in the Consolidated Balance Sheets are as follows:</font></p><p style='margin-top: 0pt; margin-bottom
: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 390px; text-align:left;border-color:#000000;min-width:390px;"> </td><td colspan="5" style="width: 155px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:155px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 155px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:155px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font></td></tr><tr style="height: 17px"><td style="widt
h: 390px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:390px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><
td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:c
enter;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 390px; border-top-style:solid;bor
der-top-width:2px;text-align:left;border-color:#000000;min-width:390px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Current liabilities</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(5,343)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><fon
t style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(5,437)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,390)&
lt;/font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,511)</font></td></tr><tr style="height: 17px"><td style="width: 390px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:390px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Noncurrent liabilities</font></td><td
style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(195,982)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(217,684)</font></td><td style="wid
th: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(30,325)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><f
ont style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(31,790)</font></td></tr><tr style="height: 17px"><td style="width: 390px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:390px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net amount recognized</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Ro
man;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(201,325)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(223,121)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bo
ttom-width:3px;text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(33,715)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-
bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(35,301)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The accumulated benefit obligation for all defined benefit plans </font><font style="font-family:Times New Roman;font-size:10pt;">was $</font><font style="font-family:Times New Roman;font-size:10pt;">557.</font><font style="font-family:Times New
Roman;font-size:10pt;">7</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $534.9 million at December 31, 2010 and 2009, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="18" style="width: 723px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:723px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Information for pension plans with an accumulated benefit obligation or projected benefit obligation in excess of plan assets are as follows:</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"> </td>&
lt;td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;
"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border
- -color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td></tr><tr style="height: 17px"><td style="width: 292px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFF
F;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; border-bottom-style:soli
d;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><f
ont style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;">
;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Pension plans with an accumulated benefit obligation in excess of plan assets:</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;bo
rder-color:#000000;min-width:12px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-ali
gn:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair value of plan assets</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:ri
ght;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">385,483</font></td><td style="width: 15px; text-align:right;background-color:#FFF
FFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,188</font></td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Accumulated benefit obligation</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-co
lor:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Rom
an;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">557,712</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">534,936</font></td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Pension plans with a projected benefit obligation in excess of plan assets:</font></td><td style="width: 15px; text-align:left;background-color:#FFF
FFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; t
ext-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair value of plan assets</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-c
olor:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-col
or:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">385,483</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,188</font></td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">
;Accumulated benefit obligation</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:r
ight;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">586,808</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">552,309</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"> </td><td
style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;
"> </td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFF
F;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td></tr><tr style="height: 17px"><td colspan="18" style="width: 723px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:723px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Components of net periodic benefit cost are as follows:</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;
background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="
width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border
- -color:#000000;min-width:292px;"> </td><td colspan="8" style="width: 204px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:204px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="8" style="width: 207px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:207px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font></td></tr><tr style="height: 17px"><td style="width: 292px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;bo
rder-color:#000000;min-width:292px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px;
border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="wid
th: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZ
E: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;ba
ckground-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 292px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Service cost</font></td><td style="width: 9px;
border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11,588</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; bor
der-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12,334</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,104</font></td><td style="width: 20px; b
order-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">200</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;mi
n-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">214</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width
:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">263</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest cost</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">31,671</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;
min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,612</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,383</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12
px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,013</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,377</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;">
60;</td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,534</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Expected return on plan assets</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(30,910)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000
000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(30,286)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(29,762)</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-w
idth:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-wi
dth:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amortization of transition obligation</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE
: 10pt;COLOR: #000000;TEXT-ALIGN: right;">13</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">25</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000
;TEXT-ALIGN: right;">25</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIG
N: right;">—</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amortization of prior year service cost (benefit)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td
style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">23</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px;
text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">179</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(27)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right
;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(41)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(136)</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Recognized net actuarial (gain) loss</font></td><td sty
le="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,674</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">82</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; te
xt-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">121</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,295)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:righ
t;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,326)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,301)</font></td></tr><tr style="height: 17px"><td style="width: 292px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min
- -width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Settlement gain</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(8)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border
- -bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(9)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-col
or:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-
color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 292px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-al
ign:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net periodic benefit cost</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,035</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:
right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,781</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-to
p-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,050</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;b
order-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,109)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: r
ight;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(776)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:dou
ble;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(640)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="12" style="width: 719px; text-align:left;border-color:#000000;min-width:719px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amounts not yet recognized in net periodic benefit cost and included in accumulated other comprehensive income (pre-tax):</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">
 </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:l
eft;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="4" style="width: 152px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:152px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="4" style="width: 158px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:158px;"><font style="FONT-WEIGHT
: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font></td></tr><tr style="height: 17px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-
bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;bo
rder-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr
style="height: 17px"><td style="width: 371px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net transition obligation</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td
style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;
min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY
: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Prior service cost (benefit)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(162)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">118</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:righ
t;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(878)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(905)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net actuarial (gain) loss</font&
gt;</td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">138,558</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">120,022</font></td><t
d style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(20,781)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:6
4px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(23,429)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accumulated other comprehensive (income) loss</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style=
"FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">138,396</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">120,151</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double
;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(21,659)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-
bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(24,334)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width
: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"
> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="12" style="width: 719px; text-align:left;border-color:#000000;min-width:719px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The estimated amount that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2011 is as follows:</font></td></tr><tr style="height: 11px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; te
xt-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">
60;</td></tr><tr style="height: 14px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIG
HT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-</font></td></tr><tr style="height: 14px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;mi
n-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-st
yle:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">benefits </font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">retirement </font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:371px;"&g
t;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Prior service cost (benefit)</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-
width:14px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-a
lign:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(27)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net actuarial (gain) loss</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-sty
le:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,898</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style=
"width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,306)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total estimated 2011 amortization</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; bor
der-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-st
yle:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,899</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #00000
0;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,333)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td st
yle="width: 9px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15p
x;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Additional Information</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td>&
lt;td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="12" style="width: 719px; text-align:left;border-color:#000000;min-width:719px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Change in accumulated other comprehensive income, net of tax:</font></td></tr><tr style="height: 11px"><td style=
"width: 371px; text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:1
5px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;">
 </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:cen
ter;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Beginning of the year</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:so
lid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width
:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(58,448)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(58,704)</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: T
imes New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Additional prior service cost incurred during the year</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New
Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">171</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">794</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Actuarial gains (losses) incurred during the year</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> &l
t;/td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(11,861)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:ri
ght;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,500</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Translation gains (losses) incurred during the year</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td st
yle="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(75)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(63)</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman
;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amortization during the year:</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-col
or:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Transition obligation</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-c
olor:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">15</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-w
idth:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Unrecognized prior service cost (benefit)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><f
ont style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(12)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(11)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Actuarial gains</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td&g
t;<td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:
2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(993)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,979)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMI
LY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">End of the year</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;bor
der-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(71,210)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bott
om-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(58,448)</font></td></tr><tr style="height: 18px"><td style="width: 371px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-wi
dth:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-
align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Assumptions</font></td><td style="width: 64px; t
ext-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="8" style="width: 718px; text-align:left;border-color:#000000;min-width:718px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Weighted-average assumptions used to determine domestic benefit o
bligations at December 31 are as follows:</font></td></tr><tr style="height: 15px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="
width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td colspan="3" style="width: 192px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td colspan="3" style="width: 192px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font></td></tr><tr style="height: 17px"><td style="width: 316px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-WEIGH
T: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Percentages</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;
FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-
align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 316px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Discount rate</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">5.90</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.00</font></t
d><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.50</font></td><td style="width: 18px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">5.90</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.00</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:cen
ter;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.50</font></td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Rate of compensation increase</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">4.00</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">4.00</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT
- -SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">4.00</font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:left
;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="8" style="width: 718px; text-align:left;border-color:#000000;min-width:718px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Weighted-average assumptions used to determine the domestic net periodic benefit cost for years ending December 31 are as follows:</font></td></tr><tr style="height: 15px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> 
;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td colspan="3" style="width: 192px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT
- -SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td colspan="3" style="width: 192px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font></td></tr><tr style="height: 17px"><td style="width: 316px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Percentages</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><f
ont style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2
px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 316px; border-top-style:solid;border-top-width:
2px;text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Discount rate</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.00</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.50</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.50</font></td><td style="width: 18px; border-top-style:
solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.00</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.50</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.50</font></td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"><fo
nt style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Expected long-term return on plan assets</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">8.50</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">8.50</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">8.50</font></td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td>&
lt;td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Rate of compensation increase</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">4.00</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">4.00</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><f
ont style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">5.00</font></td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Discount rate</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The discount rate reflects the current rate at
which the pension liabilities could be effectively settled at the end of the year based on our December 31 measurement date. The discount rate was determined by matching our expected benefit payments to payments from a stream of AA or higher bonds available in the marketplace, adjusted to eliminate the effects of call provisions. This produced a discount rate for our </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> plans of </font><font style="font-family:Times New Roman;font-size:10pt;">5.90</font><font style="font-family:Times New Roman;font-size:10pt;">% in </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;">, 6.</font><font style="font-family:Times New Roman;font-size:10pt;">0</font><font style="font-family:Times New Roman;font-size:10pt;
">0% in </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 6.50% in</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2008</font><font style="font-family:Times New Roman;font-size:10pt;">. The discount rates on our foreign plans ranged from </font><font style="font-family:Times New Roman;font-size:10pt;">0</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;">75</font><font style="font-family:Times New Roman;font-size:10pt;">% to </font><font style="font-family:Times New Roman;font-size:10pt;">5.</font><font style="font-family:Times New Roman;font-size:10pt;">4
0</font><font style="font-family:Times New Roman;font-size:10pt;">% in </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;">, 2.00% to 6.</font><font style="font-family:Times New Roman;font-size:10pt;">00</font><font style="font-family:Times New Roman;font-size:10pt;">% in </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and 2.00% to </font><font style="font-family:Times New Roman;font-size:10pt;">6</font><font style="font-family:Times New Roman;font-size:10pt;">.25% in </font><font style="font-family:Times New Roman;font-size:10pt;">2008</font><font style="font-family:Times New Roman;font-size:10pt;">. There are no other known or anticipated changes in our discount rate assumption that will impact our pension expe
nse in </font><font style="font-family:Times New Roman;font-size:10pt;">2011</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Expected rate of return</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our expected rate of return on plan assets </font><font style="font-family:Times New Roman;font-size:10pt;">was 8.5% </font><font style="font-family:Times New Roman;font-size:10pt;">for </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;">, 2009</font><font style="font-family:Times New Roman;font-s
ize:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 2008</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The expected rate of return is designed to be a long-term assumption that may be subject to considerable year-to-year variance from actual returns. In developing the expected long-term rate of return, we considered our historical returns, with consideration given to forecasted economic conditions, our asset allocations, input from external consultants and broader longer-term market indices. In </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;">, the pension plan assets yielded returns </font><font style="font-family:Times New Roman;font-size:10pt;">of </font>
;<font style="font-family:Times New Roman;font-size:10pt;">11.2</font><font style="font-family:Times New Roman;font-size:10pt;">%</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> returns of 19.5</font><font style="font-family:Times New Roman;font-size:10pt;">% in </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">a loss </font><font style="font-family:Times New Roman;font-size:10pt;">of </font><font style="font-family:Times New Roman;font-size:10pt;">28</font><font style="font-family:Times New Roman;font-size:10pt;">.8% in </font><font style="font-family:Times New Roman;font-size:10pt;">2008</font><font style="font-family:Times Ne
w Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> Our expected rate of return on plan assets assumption is 8.0% for 2011.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We base our determination of pension expense or income on a market-related valuation of assets which reduces year-to-year volatility. This market-related valuation recognizes investment gains or losses over a five- year period from the year in which they occur. Investment gains or losses for this purpose are the difference between the expected return calculated using the market-related value of assets and the actual return based on the market-related value of assets. Since the market-related value of assets recognizes gains or losses over a five-year-period, the future value of assets will be impacted as previou
sly deferred gains or losses are recorded.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Unrecognized pension and post-retirement losses</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As of our </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> measurement date, our plans have </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">117.8</font><font style="font-family:Times New Roman;font-size:10pt;"> m</font><font style="font-family:Times New Roman;font-size:10pt;"&
gt;illion of cumulative unrecognized losses. To the extent the unrecognized losses, when adjusted for the difference between market and market related values of assets, exceeds 10% of the projected benefit obligation, it will be amortized into expense each year on a straight-line basis over the remaining expected future-working lifetime of active participants (currently approximating 12 years).</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The assumed health care cost trend rates at December 31 are as follows: </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 580px; border-bottom-style:solid;b
order-bottom-width:2px;text-align:left;border-color:#000000;min-width:580px;"> </td><td colspan="2" style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 60px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:60px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 580px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:580px;">&l
t;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Health care cost trend rate assumed for next year</font></td><td style="width: 38px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:38px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7.50</font></td><td style="width: 24px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:24px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 35px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"&g
t;7.70</font></td><td style="width: 25px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:25px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td></tr><tr style="height: 17px"><td style="width: 580px; text-align:left;border-color:#000000;min-width:580px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)</font></td><td style="width: 38px; text-align:right;border-color:#000000;min-width:38px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4.50</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td sty
le="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4.50</font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td></tr><tr style="height: 17px"><td style="width: 580px; text-align:left;border-color:#000000;min-width:580px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Year that the rate reaches the ultimate trend rate</font></td><td colspan="2" style="width: 62px; text-align:center;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2027</font></td><
td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 60px; text-align:center;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2027</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 498px; text-align:left;border-color:#000000;min-width:498px;"> </td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 20px; text-align:left;border-color
:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td></tr><tr style="height: 17px"><td colspan="8" style="width: 715px; text-align:left;border-color:#000000;min-width:715px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The assumed health care cost trend rates can have a significant effect on the amounts reported for health care plans. A one-percentage-point change in the assumed health care cost trend rates would have the following effects:</font></td></tr><tr style="height: 15px"><td style="width: 498px; text-align:left;border-color:#000000;min-width:498px;"> </td><td styl
e="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td></tr><tr style="height: 14px"><td style="width: 498px; text-align:left;border-color:#000000;min-width:498px;"> </td><td colspan="3" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FON
T-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">1-Percentage-Point</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 101px; text-align:center;border-color:#000000;min-width:101px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">1-Percentage-Point</font></td></tr><tr style="height: 14px"><td style="width: 498px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:498px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td colspan="3" style="width: 96px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times
New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Increase </font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 101px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:101px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Decrease </font></td></tr><tr style="height: 17px"><td style="width: 498px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:498px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Effect on total annual service and interest cost</font></td><td style="width: 40px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:
40px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 28px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:28px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">51</font></td><td style="width: 28px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:40px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 28px; border-top-style:solid;border-top-width:2px;te
xt-align:right;border-color:#000000;min-width:28px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(45)</font></td><td style="width: 33px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:33px;"> </td></tr><tr style="height: 17px"><td style="width: 498px; text-align:left;border-color:#000000;min-width:498px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Effect on post-retirement benefit obligation</font></td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:right;border-color:#000000;min-width:28px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">750</font></td><td style="width: 28px; text-align:left;border-color:#000000;min-wi
dth:28px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:right;border-color:#000000;min-width:28px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(667)</font></td><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Plan Assets</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">
;Objective</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The primary objective of our investment strategy is to meet the pension obligation to our employees at a reasonable cost to </font><font style="font-family:Times New Roman;font-size:10pt;">us</font><font style="font-family:Times New Roman;font-size:10pt;">. This is primarily accomplished through growth of capital and safety of the funds invested. The plans will therefore be actively invested to achieve real growth of capital over inflation through appreciation of securities held and through the accumulation and reinvestment of dividend and interest income.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Asset allocation</font>&
lt;/p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our actual overall asset allocation for the plans as compared to our investment policy goals is as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 384px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"> </td><td colspan="4" style="width: 158px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:158px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Plan Assets </font></td><td style="width: 20px; text-align:left;backg
round-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="4" style="width: 158px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:158px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Target Allocation </font></td></tr><tr style="height: 16px"><td style="width: 384px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Asset Class</font></td><td colspan="2" style="width: 79px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;
FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2010</font></td><td colspan="2" style="width: 79px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2009</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 79px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2010</font></td><td c
olspan="2" style="width: 79px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2009</font></td></tr><tr style="height: 16px"><td style="width: 384px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Equity Securities</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">47</font></td><td style="width: 15px; border-top-style:solid
;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">53</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 64px; border-top-style:solid;border-t
op-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">50</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">60</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN:
left;">%</font></td></tr><tr style="height: 16px"><td style="width: 384px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fixed Income Investments</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">22<
;/font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">40</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SI
ZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">30</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td></tr><tr style="height: 16px"><td style="width: 384px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Alternative Investments</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR:
#000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">10</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="
FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">10</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td></tr><tr style="height: 16px"><td style="width: 384px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Cash</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SI
ZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;">&
lt;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman
;font-size:10pt;margin-left:0px;">While the target allocations do not have a percentage allocated to cash, the plan assets will always include some cash due to cash flow</font><font style="font-family:Times New Roman;font-size:10pt;"> requirements</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">In </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, as a result of our year end decision to make a $25 million </font><font style="font-family:Times New Roman;font-size:10pt;">accelerated pension</font><font style="font-family:Times New Roman;font-size:10pt;"> plan contribution, a higher percentage of assets were held in cash equivalents. This contribution was directed to be invested in fixed income investments and was invested shortly after year end. After
taking this into consideration, our fixed income investment percentage would have been 30% and our cash percentage would have been 3%.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As part of our strategy to reduce </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> pension plan funded status volatility, we plan to increase the allocation to long duration fixed income securities in future years as the funded status of our </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> pension plans improve. In 20</font><font style="font-family:Times New Roman;font-size:10pt;">10</font><font style
="font-family:Times New Roman;font-size:10pt;"> we increased our fixed inc</font><font style="font-family:Times New Roman;font-size:10pt;">ome investments from </font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Times New Roman;font-size:10pt;">0% to </font><font style="font-family:Times New Roman;font-size:10pt;">4</font><font style="font-family:Times New Roman;font-size:10pt;">0% and from </font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">0% to </font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Times New Roman;font-size:10pt;">0%</font><font style="font-family:Times New Roman;font-size:10pt;"> in 2009.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-to
p:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Fair Value Measurement</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following table presents our plan assets using the fair val</font><font style="font-family:Times New Roman;font-size:10pt;">ue hierarchy as of December 31, 2010 and December 31, 2009.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-S
IZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Quoted Prices in</font></td><td style="width: 43px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;">
0;</td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Active Markets for</font></td><td colspan="3" style="width: 108px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant Other</font></td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><f
ont style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Unobservable</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Identical Assets</font></td><td colspan
="3" style="width: 108px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Observable Inputs</font></td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Inputs</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; border
- -bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">in thousands</font></td><td colspan="3" style="width: 109px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 1)</font></td><td colspan="3" style="width: 108px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 2)</font></td><td colspan="3" style="width: 109px; border-bottom-style:solid;border-
bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 3)</font></td><td colspan="3" style="width: 113px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:113px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td></tr><tr style="height: 17px"><td style="width: 284px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Cash Equivalents</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFF
F;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;
TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 13,803</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td>
;<td style="width: 44px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">13,803</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fixed Income:</font>&
lt;/td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#0
00000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Corporate and Non U.S. Government</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td>
;<td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 42,544</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:
left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 284</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">42,828</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT
- -SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> U.S. Treasuries</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;CO
LOR: #000000;"> 60,710</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">60,7
10</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Mortgage-Backed Securities</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FF
FFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 30,052</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,368</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;">&
amp;#160;</td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">31,420</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Other</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font
></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 6,818</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 125</font></td><td style="width: 44px; text-a
lign:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">6,943</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Global Equity Securities:</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;">
60;</td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-col
or:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Small Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Time
s New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7,982</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FON
T-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7,982</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Mid Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width:
15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,811</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align
:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,811</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New R
oman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Large Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SI
ZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">45,700</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #00000
0;TEXT-ALIGN: right;">45,700</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> International Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">23,964</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; t
ext-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,895</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;backgr
ound-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">45,859</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Long/short Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY:
Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">56,639</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-
SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">56,639</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Pentair Company Stock</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="w
idth: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">18,255</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:
right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">18,255</font></td></tr><tr style="height: 17px"><td style="width: 284px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:2
84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other Investments</font></td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-styl
e:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">33,542</font></td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR:
#000000;TEXT-ALIGN: right;">12,991</font></td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">46,533</font></td></tr><tr style="height: 17px"><td style="width: 284px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE:
10pt;COLOR: #000000;TEXT-ALIGN: left;">Total as of December 31, 2010</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">59,012</font></td><td style="width: 43px; bor
der-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">311,703</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#
FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,768</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-
top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">385,483</font></td></tr><tr style="height: 18px"><td style="width: 284px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td style="width: 44px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="
width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"&g
t; </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;bo
rder-color:#000000;min-width:284px;"> </td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-alig
n:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-A
LIGN: center;">Quoted Prices in</font></td><td style="width: 43px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="w
idth: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Active Markets for</font></td><td colspan="3" style="width: 108px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant Other</font></td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;F
ONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Unobservable</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Identical Assets</font></td><td colspan="3" style="width: 108px; tex
t-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Observable Inputs</font></td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Inputs</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 18px"><td style="width: 284px; border-bottom-style:solid;border-bot
tom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">in thousands</font></td><td colspan="3" style="width: 109px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 1)</font></td><td colspan="3" style="width: 108px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 2)</font></td><td colspan="3" style="width: 109px; border-bottom-style:solid;border-bottom-width:2px;text-align:ce
nter;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 3)</font></td><td colspan="3" style="width: 113px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:113px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td></tr><tr style="height: 17px"><td style="width: 284px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Cash Equivalents</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-wid
th:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</f
ont></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 35,575</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px;
border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,575</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fixed Income:</font></td><td style="widt
h: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;">&
;#160;</td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Corporate and Non U.S. Government</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px;
text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 16,682</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;
border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 438</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,120</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEX
T-ALIGN: left;"> U.S. Treasuries</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 28,675</
font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">28,675</font></td><
/tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Mortgage-Backed Securities</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-
width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 21,636</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2,109</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td s
tyle="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">23,745</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Other</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style=
"width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 3,952</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 192</font></td><td style="width: 44px; text-align:right;background-color:#F
FFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4,144</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Global Equity Securities:</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="
width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;">
; </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Small Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COL
OR: #000000;TEXT-ALIGN: right;">7,227</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> &#
8212;</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7,227</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Mid Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:
#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,389</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#0
00000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,389</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN:
left;"> Large Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">
39,569</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">39,569</font><
;/td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> International Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,665</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border
- -color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">19,955</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-wid
th:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">41,620</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Long/short Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;
"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">54,082</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</
font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">54,082</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Pentair Company Stock</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#F
FFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,742</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#00
0000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,742</font></td></tr><tr style="height: 18px"><td style="width: 284px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times Ne
w Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other Investments</font></td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:righ
t;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,873</font></td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,427</font&
gt;</td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">47,300</font></td></tr><tr style="height: 18px"><td style="width: 284px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Tota
l as of December 31, 2009</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">59,023</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border
- -bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">252,999</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;">
; </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,166</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border
- -bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,188</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Valuation methodologies used for investments measured at fair value are as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'>
<font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Cash Equivalents:</font><font style="font-family:Times New Roman;font-size:10pt;">  Consist of investments in commingled funds valued based on observable market data. Such investments are classified as Level 2.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Fixed Income:</font><font style="font-family:Times New Roman;font-size:10p
t;">  Investments in corporate bonds, government securities, mortgages and asset backed securities are value based upon quoted market prices for identical or similar securities and other observable market data. Investments in commingled funds are generally valued at the net asset value of units held at the end of the period based upon the value of the underlying investments as determined by quoted market prices or by a pricing service. Such investments are classified as Level 2. Certain investments in commingled funds are valued based on unobservable inputs due to liquidation restrictions. These investments are classified as Level 3.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       </font><font style="font-fam
ily:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Global Equity Securities:</font><font style="font-family:Times New Roman;font-size:10pt;">  Equity securities and Pentair common stock</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">are valued based on the closing market price in an active market and are classified as Level 1. Investments in commingled funds are valued at the net asset value of units held at the end of the period based upon the value of the underlying investments as determined by quoted market prices or by a pricing service. Such investments are classified as Level 2.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">• 
60;     </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Other Investments:</font><font style="font-family:Times New Roman;font-size:10pt;">  Other investments include investments in commingled funds with diversified investment strategies. Investments in commingled funds that are valued at the net asset value of units held at the end of the period based upon the value of the underlying investments as determined by quoted market prices or by a pricing service are classified as Level 2. Investments in commingled funds that are valued based on unobservable inputs due to liquidation restrictions are classified as Level 3.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following tab
le</font><font style="font-family:Times New Roman;font-size:10pt;">s present</font><font style="font-family:Times New Roman;font-size:10pt;"> a reconciliation of Level 3 assets held during the year</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> ended</font><font style="font-family:Times New Roman;font-size:10pt;"> December 31, 2010 and </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color
:#000000;min-width:210px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net realized</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width:
85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net purchases,</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;">
 </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Balance</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">and unrealized</font></td><td
style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">issuances and</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">transfers into</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:
#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Balance</font></td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">January 1, 2010</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#F
FFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">gains (losses)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">settlements</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#F
FFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(out of) level 3</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2010</font></td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other Investments</font></td>&l
t;td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,427</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:
#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">678</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-t
op-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(2,113)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-
width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 48px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$&
lt;/font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12,992</font></td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fixed Income Investments</font></td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:
solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,739</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #00
0000;TEXT-ALIGN: right;">334</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,296)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border
- -color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#00000
0;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,777</font></td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;bord
er-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,166</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><
td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,012</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-alig
n:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,409)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; bor
der-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 48px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-
color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,769</font></td></tr><tr style="height: 18px"><td style="width: 210px; t
ext-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td style="width: 27px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border
- -top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td
><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 48px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:48px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#00000
0;min-width:27px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; text-align:left;backgroun
d-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width
: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 48px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:48px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> 
;</td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net realized</font></td><td style="width: 20px; t
ext-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net purchases,</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;
"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Balance</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT
: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">and unrealized</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">issuances and</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">transfers into</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;
border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Balance</font></td></tr><tr style="height: 18px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">January 1, 2009</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> &
lt;/td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">gains (losses)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">settlements</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> &
lt;/td><td colspan="3" style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(out of) level 3</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2009</font></td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"><
font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other Investments</font></td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,083</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:2
0px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(774)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;te
xt-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style=
"width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 48px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(16,882)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;bo
rder-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,427</font></td></tr><tr style="height: 18px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fixed Income Investments</font></td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:ri
ght;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">25,640</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:ri
ght;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,027</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td&g
t;<td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(23,928)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td
><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,739</font></td></tr><tr style="height: 18px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;m
in-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">57,723</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-s
tyle:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">253</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> &l
t;/td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-ali
gn:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 48px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(40,810)</font></td><td style="width: 20px; b
order-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10p
t;COLOR: #000000;TEXT-ALIGN: right;">17,166</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Cash Flows</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Contributions</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Pension contributions totaled $</font><font style="font-family:Times New Roman;font-size:10pt;">49.8</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $49.0 million in 2010 and 2009, respectively. Our 2011 required pension contributions are expected to be in the rang
e of $</font><font style="font-family:Times New Roman;font-size:10pt;">25</font><font style="font-family:Times New Roman;font-size:10pt;"> million to $</font><font style="font-family:Times New Roman;font-size:10pt;">30</font><font style="font-family:Times New Roman;font-size:10pt;"> million. The decrease in the 201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;"> expected contribution is primarily a result of the December 20</font><font style="font-family:Times New Roman;font-size:10pt;">10</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">accelerated </font><font style="font-family:Times New Roman;font-size:10pt;">contribution of $25 million to our defined benefit pension plan. The 201</font><fo
nt style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;"> expected contributions will equal or exceed our minimum funding requirements.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Estimated Future Benefit Payments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the plans as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style
="height: 17px"><td style="width: 520px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In millions</font></td><td colspan="3" style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">Pension benefits </font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN:
right;">Post-retirement </font></td></tr><tr style="height: 17px"><td style="width: 520px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2011</font></td><td style="width: 40px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 35px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">34.2</font></td><td
style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 35px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3.4</font></td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALI
GN: left;">2012</font></td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">31.8</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3.3</font></td></tr><
tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2013</font></td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32.8</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px;
text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3.2</font></td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2014</font></td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">33.7</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:right;
border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3.1</font></td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2015</font></td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-A
LIGN: right;">35.8</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3.0</font></td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2016-2020</font></td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-wi
dth:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">212.7</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">13.4</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-s
tyle:italic;margin-left:0px;">Savings plan</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have a 401(k) plan (“the plan”) with an employee stock ownership (“ESOP”) bonus component, which covers certain union and nearly all non-union </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> employees who meet certain age requirements. Under the plan, eligible </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> employees may voluntarily contribute a percentage of their eligible compensation. </font><font style="font-family:Times New Roman;font-size:10pt;">We</font><font style="font-family:Times New Roman;font-size:10pt
;"> match</font><font style="font-family:Times New Roman;font-size:10pt;"> contributions made by employees who meet certain eligibility and service requirements. Our matching contribution is 100% of eligible employee contributions for the first 1% of eligible compensation</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 50% of the next 5% of eligible compensation. In June 2009, we temporarily suspended the company match of the plan and ESOP.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">We reinstated the c</font><font style="font-family:Times New Roman;font-size:10pt;">ompany match in 2010.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times Ne
w Roman;font-size:10pt;margin-left:0px;">In addition to the matching contribution, all employees who meet certain service requirements receive a discretionary ESOP contribution equal to 1.5% of annual eligible compensation.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our combined expense for the plan and ESOP was </font><font style="font-family:Times New Roman;font-size:10pt;">approximately $</font><font style="font-family:Times New Roman;font-size:10pt;">11.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;">, $6.7 million</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;">
$17.0 million, in 2010, 2009 and 2008, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Other retirement compensation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Total other accrued retirement compensation was </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">13.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> and $17.3 million </font><font style="font-family:Times New Roman;font-size:10pt;">in 2010</font><font style=
"font-family:Times New Roman;font-size:10pt;"> and 2009, respectively</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> is included in the pension and other retirement compensation line of our Consolidated Balance Sheet.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">13</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.        </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Shareholders' Equ</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">ity</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Authorized shares</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We may issue up to 250 million shares of common stock.
Our Board of Directors may designate up to 15 million of those shares as preferred stock. On December 10, 2004, the Board of Directors designated a new series of preferred stock with authorization to issue up to 2.5 million shares, Series A Junior Participating Preferred Stock, par value $0.10 per share. No shares of preferred stock were issued or outstanding as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> or</font><font style="font-family:Times New Roman;font-size:10pt;"> December 31, 2009</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Purchase rights</font>
</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On December 10, 2004, our Board of Directors declared a dividend of one preferred share purchase right (a “Right”) for each outstanding share of common stock. The dividend was payable upon the close of business on January 28, 2005 to the shareholders of record upon the close of business on January 28, 2005. Each Right entitles the registered holder to purchase one one-hundredth of a share of Series A Junior Participating Preferred Stock, at a price of $240.00 per one one-hundredth of a share, subject to adjustment. However, the Rights are not exercisable unless certain change in control events occur, such as a person acquiring or obtaining the right to acquire beneficial ownership of 15% or more of our outstanding common stock. The description and terms of the Rights are set forth in a Rights Agreement, dated Decem
ber 10, 2004. The Rights will expire on January 28, 2015, unless the Rights are earlier redeemed or exchanged in accordance with the terms of the Rights Agreement. On January 28, 2005, the common share purchase rights issued pursuant to the Rights Agreement dated July 31, 1995 were redeemed in their entirety for an amount equal to $0.0025 per right.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Share repurchases</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In December 2007, the Board of Directors authorized the repurchase of shares of our common stock during 2008 up to a maximum dollar limit of $50 million. As of December 31, 2008, we had purchased 1,549,89
3 shares for $50.0 million pursuant to this authorization. This authorization expired on December 31, 2008. There were no share repurchase authorizations for 2009.</font><font style="font-family:Times New Roman;font-size:10pt;"> On July 27, 2010 the Board of Directors authorized the repurchase of shares of our common stock up to a maximum dollar limit of $25 million. As of December 31, 2010 we had repurchased 734,603 shares for $25 million pursuant to this plan. </font><font style="font-family:Times New Roman;font-size:10pt;">In December 2010, the Board of Directors authorized the repurchase of shares of our common stock during 20</font><font style="font-family:Times New Roman;font-size:10pt;">11</font><font style="font-family:Times New Roman;font-size:10pt;"> up to a maximum dollar limit of $25 million. The authorization expires December 2011.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">14.       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Stock Plans</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Total stock-based compensation expense in 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and 2008</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">was $</font><font style="font-family:Times New Roman;font-size:10pt;">21.</font><font style="font-
family:Times New Roman;font-size:10pt;">5</font><font style="font-family:Times New Roman;font-size:10pt;"> million, $17.3 million</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> $20.6 million, respectively. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Omnibus stock incentive plans</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In May 2008, the 2008 Omnibus Stock Incentive Plan as Amended and Restated (the “2008 Plan” or the “Plan”) was approved by shareholders. The 2008 Plan authorizes the issuance of add
itional shares of our common stock and extends through February 2018. The 2008 Plan allows for the granting of:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       nonqualified stock options; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       incentive stock options; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">• &
amp;#160;     restricted shares; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       restricted stock units; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       dividend equivalent units; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•    &#
160;  stock appreciation rights; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       performance shares; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       performance units; and </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       ot
her stock based awards. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Plan is administered by our Compensation Committee (the “Committee”), which is made up of independent members of our Board of Directors. Employees eligible t</font><font style="font-family:Times New Roman;font-size:10pt;">o receive awards under the Plan </font><font style="font-family:Times New Roman;font-size:10pt;">are managerial, administrative or other key employees who are in a position to make a material contribution to the continued profitable growth and long-term success of Pentair. The Committee has the authority to select the recipients of awards, determine the type and size of awards, establish certain terms and conditions of award grants and take certain other actions as permitted under the Plan. The Plan
restricts the Committee's authority to reprice awards or to cancel and reissue awards at lower prices.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Omnibus Stock Incentive Plan approved by the shareholders in 2004 (the “2004 Plan”) expired upon approval of the 2008 Plan by shareholders. Prior grants made under the 2004 Plan and earlier stock incentive plans remained outstanding on the terms in effect at the time of grant.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:20px;">Non-qualified and incentive stock options</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="fo
nt-family:Times New Roman;font-size:10pt;margin-left:20px;">Under the Plan, we may grant stock options to any eligible employee with an exercise price equal to the market value of the shares on the dates the options were granted. Options generally vest over a three-year period commencing on the grant date and expire ten years after the grant date. Prior to 2006, option grants typically had a reload feature when shares are retired to pay the exercise price, allowing individuals to receive additional options upon exercise equal to the number of shares retired. Option awards granted after 2005 under the 2004 Plan and under the 2008 Plan do not have a reload feature attached to the option. Annual expense for the </font><font style="font-family:Times New Roman;font-size:10pt;">fair </font><font style="font-family:Times New Roman;font-size:10pt;">value of stock options was $10.7 million in 2010, $7.1 million in 2009</font><font style="font-family:Times New Roman;font-si
ze:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> $10.5 million in 2008.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:20px;">Restricted shares and restricted stock units</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20px;">Under the Plan, eligible employees are awarded restricted shares or restricted stock units (awards) of our common stock. Share awards generally vest from two to five years after issuance, subject to continuous employment and certain other conditions. Restricted share awards are valued at market value on the date of grant and are expensed over the vesting period. Annual expense for the</font><font style="font-family:Times New
Roman;font-size:10pt;"> fair</font><font style="font-family:Times New Roman;font-size:10pt;"> value of restricted shares and restricted stock units was $10.8 million in 2010, $10.2 million in 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> $10.1 million in 2008.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:20px;">Stock appreciation rights, performance shares</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> and</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> performance units</font></p><p style='margin-top:0pt; margin-b
ottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20px;">Under the Plan, the Committee is permitted to issue these awards; however, there have been no issuances of these award</font><font style="font-family:Times New Roman;font-size:10pt;">s.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Outside directors nonqualified stock option plan</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Nonqualified stock options were granted to outside directors under the Outside Directors Nonqualified Stock Option Plan (the “Directors Plan”) with an exercise price equal to the market value of the shares on the option grant dates. Options generall
y vest over a three-year period commencing on the grant date and expire ten years after the grant date. The Directors Plan expired in January 2008. Prior grants remain outstanding on the terms in effect at the time of grant.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Non-employee Directors are also eligible to receive awards under the 2008 Plan. Director awards are made by our Governance Committee, which is made up of independent members of our Board of Directors.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Stock options</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family
:Times New Roman;font-size:10pt;margin-left:0px;">The following table summarizes stock option activity under all plans: </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 14px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"> </td><td style="width: 90px; text-align:center;border-color:#000000;min-width:90px;"> </td><td style="width: 35px; text-align:center;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 39px; text-align:center;border-color:#000000;min-width:39px;"> </td><td style="width: 80px; text-align:center;border-color:#000000;min-width:80px;"><
font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted Average</font></td><td style="width: 38px; text-align:center;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; text-align:center;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 14px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"> </td><td style="width: 90px; text-align:center;border-color:#000000;min-width:90px;"> </td><td colspan="3" style="width: 88px; text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted Average</font></td><td style="width: 80px
; text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Remaining</font></td><td colspan="3" style="width: 120px; text-align:center;border-color:#000000;min-width:120px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Aggregate</font></td></tr><tr style="height: 15px"><td style="width: 339px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Options Outstanding</font></td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR:
#000000;TEXT-ALIGN: center;">Shares </font></td><td colspan="3" style="width: 88px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Exercise Price </font></td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Contractual Life </font></td><td colspan="3" style="width: 120px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:120px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Intrinsic Value </font></td></tr><tr style="height: 17px"><td
style="width: 339px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance January 1, 2010</font></td><td style="width: 90px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7,962,519</font></td><td style="width: 35px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 39px; border-top-style:solid;border-top-width:2px;text-align:right;border
- -color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">30.70</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 38px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 17px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Granted</font></td><td style=
"width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,478,660</font></td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 39px; text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">33.54</font></td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td&g
t;</tr><tr style="height: 17px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Exercised</font></td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(678,627)</font></td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 39px; text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">23.32</font></td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 38px; text-align:l
eft;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 17px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Forfeited</font></td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(112,528)</font></td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 39px; text-align:right;border-color:#000000;
min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">28.38</font></td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 17px"><td style="width: 339px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Expired</font></td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:90px;"><font style="FON
T-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(682,608)</font></td><td style="width: 35px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 39px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">37.08</font></td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 38px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; border-bottom-style:soli
d;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 17px"><td style="width: 339px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance December 31, 2010</font></td><td style="width: 90px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7,967,416</font></td><td style="width: 35px; border-top-style:solid;border-top-widt
h:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 39px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">31.34</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">6.0</font></td><td style="wid
th: 38px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 67px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">46,776,147</font></td></tr><tr style="height: 17px"><td style="width: 339px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;CO
LOR: #000000;TEXT-ALIGN: left;">Options exercisable as of December 31, 2010</font></td><td style="width: 90px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">5,313,225</font></td><td style="width: 35px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 39px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">31.80</font></td><td style="width: 80px; borde
r-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4.6</font></td><td style="width: 38px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 67px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">30,599,073</font></td></tr><tr style="height: 17px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Time
s New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Options expected to vest as of December 31, 2010</font></td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">2,608,273</font></td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 39px; text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">30.42</font></td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">8.3</fon
t></td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 67px; text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">16,177,074</font></td></tr><tr style="height: 17px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Shares available for grant as of December 31, 2010</font></td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">5,773,90
1</font></td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The weighted-ave
rage grant date fair value of options granted in 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 2008 was estimated to </font><font style="font-family:Times New Roman;font-size:10pt;">be $</font><font style="font-family:Times New Roman;font-size:10pt;">9.47</font><font style="font-family:Times New Roman;font-size:10pt;">, $5.09</font><font style="font-family:Times New Roman;font-size:10pt;"> and $7.41 per share, respectively. The total intrinsic value of options that were exercised during 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 2008 was </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">7.4</font><font st
yle="font-family:Times New Roman;font-size:10pt;"> million, $5.2 million and $6.3 million, respectively. At December 31, 2010, the total unrecognized compensation cost related to stock options was $</font><font style="font-family:Times New Roman;font-size:10pt;">6.5</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;">. This cost is expected to be recognized over a weighted average period of 1.</font><font style="font-family:Times New Roman;font-size:10pt;">5</font><font style="font-family:Times New Roman;font-size:10pt;"> years.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We estimated the fair values using the Black-Scholes option-pricing mod
el, modified for dividends and using the following assumptions:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 453px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:453px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 9p
x; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 453
px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:453px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Risk-free interest rate</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">2.45%</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"
><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">1.77%</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">2.78%</font></td></tr><tr style="height: 17px"><td style="width: 453px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:453px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Expected dividend yield</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-co
lor:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2.30%</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">3.20%</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2.12%</font></td></tr><tr style="height: 17px"><td style="width: 453px; text-align:left;background-colo
r:#FFFFFF;border-color:#000000;min-width:453px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Expected stock price volatility</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">35.00%</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">32.50%</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td>&l
t;td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">27.00%</font></td></tr><tr style="height: 17px"><td style="width: 453px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:453px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Expected lives</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">5.5 yrs</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px;
text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">5.2 yrs</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">4.8 yrs</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Cash received from option exercises for the years ended </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010,</font><font style="font-family:Times New Roman
;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 2008</font><font style="font-family:Times New Roman;font-size:10pt;"> was </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">14.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million, $</font><font style="font-family:Times New Roman;font-size:10pt;">8.2</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-family:Times New Roman;font-size:10pt;">5.6</font><font style="font-family:Times New Roman;font-size:10pt;"> million, respectively. The actual tax benefit realized for the tax deduc
tions from option exercises totaled $</font><font style="font-family:Times New Roman;font-size:10pt;">2.8</font><font style="font-family:Times New Roman;font-size:10pt;"> million, $</font><font style="font-family:Times New Roman;font-size:10pt;">1.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-family:Times New Roman;font-size:10pt;">2.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million for the years ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and 2008</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively.&l
t;/font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="9" style="width: 754px; text-align:left;border-color:#000000;min-width:754px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Restricted Share Awards</font></td></tr><tr style="height: 17px"><td colspan="9" style="width: 754px; text-align:left;border-color:#000000;min-width:754px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The following table summarizes restricted share award activity under all plans:</font></td></tr><tr style="height: 17px"><td style="width: 494px; text-align:left;border-color:#000000;min-width:494px;"> 
;</td><td style="width: 106px; text-align:left;border-color:#000000;min-width:106px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 45px; text-align:left;border-color:#000000;min-width:45px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 494px; text-align:left;border-color:#000000;min-width:494px;"> </td>&l
t;td style="width: 106px; text-align:left;border-color:#000000;min-width:106px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 124px; text-align:center;border-color:#000000;min-width:124px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted Average</font></td></tr><tr style="height: 17px"><td style="width: 494px; text-align:left;border-color:#000000;min-width:494px;"> </td><td style="width: 106px; text-align:left;border-color:#000000;min-width:106px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:1
5px;"> </td><td colspan="5" style="width: 124px; text-align:center;border-color:#000000;min-width:124px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Grant Date</font></td></tr><tr style="height: 17px"><td style="width: 494px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:494px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Restricted Shares Outstanding</font></td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:106px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Shares </font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-c
olor:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 124px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:124px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value </font></td></tr><tr style="height: 17px"><td style="width: 494px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:494px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance January 1, 2010</font></td><td style="width: 106px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times Ne
w Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,278,054</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 30px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 45px; border-top-style:solid;border-top-wi
dth:2px;text-align:right;border-color:#000000;min-width:45px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">28.81</font></td><td style="width: 19px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 494px; text-align:left;border-color:#000000;min-width:494px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Granted</font></td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">476,840</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&
;#160;</td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 45px; text-align:right;border-color:#000000;min-width:45px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">33.66</font></td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 494px; text-align:left;border-color:#000000;min-width:494px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Vested</font></td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"><font sty
le="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(376,219)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 45px; text-align:right;border-color:#000000;min-width:45px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">33.39</font></td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"&g
t;<td style="width: 494px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:494px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Forfeited</font></td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(69,272)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 30px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:30px;"> </td><td
style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 45px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:45px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">27.49</font></td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 494px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:494px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT
- -SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance December 31, 2010</font></td><td style="width: 106px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,309,403</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 30px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:30px;"> </td>
<td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 45px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:45px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">29.33</font></td><td style="width: 19px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:19px;"> </td>&
lt;/tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As of December 31, 2010, there was </font><font style="font-family:Times New Roman;font-size:10pt;">$17.1</font><font style="font-family:Times New Roman;font-size:10pt;"> million of unrecognized compensation cost related to restricted share compensation arrangements granted under the 2004 Plan and the 2008 Plan. That cost is expected to be recognized over a weighted</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">average period of 2.</font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Times New Roman;font-size:10pt;"> years. The total fair value of shares vested durin
g the years ended December 31, 2010, 2009 and 2008, was </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">12</font><font style="font-family:Times New Roman;font-size:10pt;">.7</font><font style="font-family:Times New Roman;font-size:10pt;"> million, $5.5 million and $7.7 million, respectively. The actual tax benefit realized for the tax deductions from restricted share compensation arrangements totaled </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">3.4</font><font style="font-family:Times New Roman;font-size:10pt;"> million, $2.</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="fon
t-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and $3.0 million for the years </font><font style="font-family:Times New Roman;font-size:10pt;">ended December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;">, 2009 and 2008, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:9pt;font-weight:bold;margin-left:0px;">15.       Business Segments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We classify our continuing operations into the following business segments based primarily on types of products offered and markets served:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:
bold;font-style:italic;">Water </font><font style="font-family:Times New Roman;font-size:10pt;">— manufactures and markets essential products and systems used in the movement, storage, treatment</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> enjoyment of water. Water segment products include water and wastewater pumps; filtration and purification components and systems; storage tanks and pressure vessels; and pool and spa equipment and accessories.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Technica
l Products </font><font style="font-family:Times New Roman;font-size:10pt;">— designs, manufactures</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> markets standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them. Applications served include industrial machinery, data communications, networking, telecommunications, test and measurement, automotive, medical, security, defense</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> general electronics. Products include metallic and composite enclosures, cabinets, cases, subracks, backplanes</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-s
ize:10pt;"> associated thermal management systems.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Other </font><font style="font-family:Times New Roman;font-size:10pt;">— is primarily composed of unallocated corporate expenses, our captive insurance subsidiary, intermediate finance companies</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">divested operations</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'&
gt; </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The accounting policies of our operating segments are the same as those described in the summary of significant accounting policies. We evaluate performance based on the sales and operating income of the segments and use a variety of ratios to measure performance. These results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Financial information by reportable business segment is included in the following summary:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p styl
e='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:left;border-color:#00000
0;min-width:30px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:left;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 18px"><td style="width: 225px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font
><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border
- -color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font><sup></sup></td><td style="width: 30px; text-align:center;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:
#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:72px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 16px"><td style="width: 225px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td colspan="6" style="widt
h: 240px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:240px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net sales to external customers</font><sup></sup></td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td colspan="6" style="width: 231px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:231px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Operating income (loss)</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR:
#000000;TEXT-ALIGN: left;">Water Group</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,041,281</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Ti
mes New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,847,764</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,206,142</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="wi
dth: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">231,588</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">163,745</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td
style="width: 59px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">206,357</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Technical Products Group</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">989,492</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align
:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">844,704</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,145,834</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">151,533</font></td><td style="width: 15px; text-align:right;border-color:#00
0000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">100,355</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">169,315</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-co
lor:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#00
0000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(48,966)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font sty
le="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(44,152)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(50,987)</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Consolidated</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:dou
ble;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,030,773</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font st
yle="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,692,468</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,351,976</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-col
or:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">334,155</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR:
#000000;TEXT-ALIGN: right;">219,948</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">324,685</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15
px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-
color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 18px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px;
border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px
;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 16px"><td
style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td colspan="6" style="width: 240px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:240px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Identifiable assets</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;"> </font><sup> (1)</sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td colspan="6" style="width: 231px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:231px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COL
OR: #000000;TEXT-ALIGN: center;">Depreciation</font></td></tr><tr style="height: 18px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Water Group</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,409,556</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Time
s New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,205,774</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,271,039</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="widt
h: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,449</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">44,063</font></td><td styl
e="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">39,237</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Technical Products Group</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman
;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">728,969</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">716,092</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">697,577</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;bo
rder-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,544</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">19,035</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">19,131</font></td></tr><tr style="height: 19px"><td style="width: 225px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY
: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Other</font><sup> (1)</sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(164,992)</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(10,532)</font></td><td style="width: 15px; border
- -bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">84,597</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,002</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;t
ext-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,725</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,305</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Tim
es New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Consolidated</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,973,533</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font>
</td><td style="width: 68px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,911,334</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4,053,213</font><sup></sup></td><td style="width: 30px; text-align:right;border-co
lor:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">57,995</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:s
olid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">64,823</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">59,673</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:double;border-top-width:3px;text-align:left;border-co
lor:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><t
d style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:59px;"> </td>&l
t;/tr><tr style="height: 18px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border
- -bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><t
d style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 16px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td colspan="6" style="width: 240px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:240px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Amortization</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td colspan="6" style="width: 231px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:231px;"><font style="FONT-W
EIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Capital expenditures</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Water Group</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">22,981</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align
:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">34,919</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">22,062</font><sup></sup></td><td style="width: 30px; text-align:right;border-
color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">39,631</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR:
#000000;TEXT-ALIGN: right;">36,513</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,916</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Technical Products Group</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align
:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,610</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,687</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,980</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min
- -width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,336</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">15,388</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">15,995</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-bottom-style:solid;border-bottom-width:2px;
text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">593</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">
3,051</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,566</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #ff0000;TEXT-ALIGN: right;">11,556</font></td><td style="
width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,236</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4,178</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-col
or:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Consolidated</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">26,184</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times
New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">40,657</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">27,608</font><sup></s
up></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">59,523</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">
$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">54,137</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">53,089</font></td></tr><tr style="height: 18px"><td style="width: 225px
; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#0000
00;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-top-style:double;border-top-width:3px;text-alig
n:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td>
<td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 17px"><td colspan="14" style="width: 726px; text-align:left;border-color:#000000;min-width:726px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The following table presents certain geographic information:</font></td></tr><tr style="height: 17px"><td
style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td styl
e="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 18px"><td style="width: 225px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-wi
dth:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2010</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#
000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2008</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-wid
th:72px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2008</font></td></tr><tr style="height: 16px"><td style="width: 225px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td colspan="6" style="width: 240px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:240px;"><font style
="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net sales to external customers</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td colspan="6" style="width: 231px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:231px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Long-lived assets</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">U.S.</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color
:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,222,856</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,964,138</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right
;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,467,698</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;T
EXT-ALIGN: right;">196,440</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">203,206</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR:
#000000;TEXT-ALIGN: right;">219,013</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Europe</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">470,879</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">439,312</font></td><td style="width: 15px; t
ext-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">571,164</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">77,000</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TE
XT-ALIGN: right;">87,880</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">89,300</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Asia and other</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style
="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #ff0000;TEXT-ALIGN: right;">337,038</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">289,018</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">313,114</font><sup></sup></td><td style="width: 30px; text-
align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">55,995</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">42,602</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;borde
r-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,568</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Consolidated</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td sty
le="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,030,773</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,692,468</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;b
order-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,351,976</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-widt
h:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,435</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">333,688</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#00000
0;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">343,881</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-st
yle:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width:
15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 24px"><td colspan="14" style="width: 726px; text-align:left;border-color:#000000;min-width:726px;"><sup><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;"> (1)</font></sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">All cash and cash equivalents are included in Other</font></td></tr>&
lt;/table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Net sales are based on the location in which the sale originated. Long-lived assets represent property, plant and equipment, net of related depreciation. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We offer a broad array of products and systems to multiple markets and customers for which we do not have the information systems to track revenues by primary product category. However, our net sales by segment are representative of our sales by major product category.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font
style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We sell our products through various distribution channels including wholesale and retail distributors, original equipment manufacturers and home centers. </font><font style="font-family:Times New Roman;font-size:10pt;">In our Water segment, one customer accounted for approximately 10% of segment sales in 2010, </font><font style="font-family:Times New Roman;font-size:10pt;">no single customer accounted for more than 10% of segment sales in 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">one customer accounted for just over 10% of segment sales in 2008</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">In our Technical Products segment, no single customer accounted for more than 10% of segment sales
in 20</font><font style="font-family:Times New Roman;font-size:10pt;">10</font><font style="font-family:Times New Roman;font-size:10pt;">, 200</font><font style="font-family:Times New Roman;font-size:10pt;">9</font><font style="font-family:Times New Roman;font-size:10pt;"> or 200</font><font style="font-family:Times New Roman;font-size:10pt;">8</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">16</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">. Commitments and Contingencies</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Operating lease commitments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Net rental expense under operating leases follows: </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bo
ttom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 279px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"&
gt; </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8p
t;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New
Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross rental expense</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style
="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FO
NT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,662</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,799</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="wid
th: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,519</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Sublease rental income</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;">
0;</td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-botto
m-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(225)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(74)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-ali
gn:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(172)</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net rental expense</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;bor
der-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-st
yle:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,437</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font&g
t;</td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,725</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font
style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,347</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:279px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-c
olor:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;bord
er-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td colspan="16" style="width: 719px; text-align:left;border-color:#000000;min-width:719px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Future minimum lease commitments under non-cancelable operating leases, principally related to facilities, vehicles, </font></td></tr><tr style="height: 17px"><td colspan="16" style="width: 719px; text-al
ign:left;border-color:#000000;min-width:719px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">and machinery and equipment are as follows:</font></td></tr><tr style="height: 17px"><td style="width: 279px; text-align:left;border-color:#000000;min-width:279px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style
="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td style="width: 279px; bo
rder-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2011</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold
;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2012</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2013</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2014</font></td><td style="width: 15px; borde
r-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2015</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">Thereafter </font></td><td style
="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Total </font></td></tr><tr style="height: 17px"><td style="width: 279px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Minimum lease payments</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width
: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,697</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,673</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style
="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12,404</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">9,421</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td
style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7,465</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11,865</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#0
00000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">80,525</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Minimum sublease rentals</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43
px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(609)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(152)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(154)</font></td><td style="width: 15px; border-botto
m-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(84)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(7)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-b
ottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,006)</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:279px;"><font style="F
ONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net future minimum lease commitments</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,088</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-AL
IGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,521</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12,250</font></td><td style="width: 15px; border-top-style:solid;bo
rder-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">9,337</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#
000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7,458</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11,865</font></td><td style="width: 15px; border-top-style:so
lid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">79,519</font></td></tr><tr style="height: 18px"><td style="width: 279px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:279px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#
000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;bord
er-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:62px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:43px;"> </td></tr&g
t;</table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Environmental</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have been named as defendants, targets, or PRP</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> in a small number of environmental clean-ups, in which our current or former business units have generally been given </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">de minimis </font><font style="font-family:Times New Roman;font-size:10pt;">status. To date, none of these claims have resulted in clean-up costs, fines, penalties, or
damages in an amount material to our financial position or results of operations. We have disposed of a number of businesses in the past and in certain cases, such as the disposition of the Cross Pointe Paper Corporation uncoated paper business in 1995, the disposition of the Federal Cartridge Company ammunition business in 1997, the disposition of Lincoln Industrial in 2001</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> the disposition of the Tools Group in 2004, we have retained responsibility and potential liability for certain environmental obligations. We have received claims for indemnification from purchasers of these businesses and have established what we believe to be adequate accruals for potential liabilities arising out of retained responsibilities. We settled some of the claims in prior years; to date our recorded accruals have been adequate.</font></p><p style='margin-
top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In addition, there are ongoing environmental issues at a limited number of sites, including one site acquired in the acquisition of Essef Corporation in 1999, which relate</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> to operations no longer carried out at the sites. We have established what we believe to be adequate accruals for remediation costs at these sites. We do not believe that projected response costs will result in a material liability.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We may be named as a PRP at other sites in the future, fo
r both divested and acquired businesses. When the outcome of the matter is probable and it is possible to provide reasonable estimates of our liability with respect to environmental sites, provisions have been made i</font><font style="font-family:Times New Roman;font-size:10pt;">n accordance with GAAP. </font><font style="font-family:Times New Roman;font-size:10pt;">As of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, our undiscounted reserves for such environmental liabilities were approximately $</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New
Roman;font-size:10pt;">.3 million and $</font><font style="font-family:Times New Roman;font-size:10pt;">2.3</font><font style="font-family:Times New Roman;font-size:10pt;"> million, respectively. We cannot ensure that environmental requirements will not change or become more stringent over time or that our eventual environmental clean-up costs and liabilities will not exceed the amount of our current reserves.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Litigation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have been made parties to a number of actions filed or have been given notice of potential claims relating to the conduct of our business
, including those pertaining to commercial disputes, product liability, environmental, safety and health, patent infringement</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> employment matters.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We record liabilities for an estimated loss from a loss contingency where the outcome of the matter is probable and can be reasonably estimated. Factors that are considered when determining whether the conditions for accrual have been met include the (a) nature of the litigation, claim, or assessment, (b) progress of the case, including progress after the date of the financial statements but before the issuance date of the financial statements, (c) opinions of leg
al counsel</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> (d) management's intended response to the litigation, claim, or assessment. Where the reasonable estimate of the probable loss is a range, we record the most likely estimate of the loss. When no amount within the range is a better estimate than any other amount, however, the minimum amount in the range is accrued. Gain contingencies are not recorded until realized.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">While we believe that a material adverse impact on our consolidated financial position, results of operations, or cash flows from any such future charges is unlikely, given the inherent uncertainty of litigation, a remote possibility exists that a futur
e adverse ruling or unfavorable development could result in future charges that could have a material adverse impact. We do and will continue to periodically reexamine our estimates of probable liabilities and any associated expenses and receivables and make appropriate adjustments to such estimates based on experience and developments in litigation. As a result, the current estimates of the potential impact on our consolidated financial position, results of operations</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> cash flows for the proceedings and claims could change in the future.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Product liability claims</font></p><p style='ma
rgin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We are subject to various product liability lawsuits and personal injury claims. A substantial number of these lawsuits and claims are insured and accrued for by Penwald, our captive insurance subsidiary. Penwald records a liability for these claims based on actuarial projections of ultimate losses. For all other claims, accruals covering the claims are recorded, on an undiscounted basis, when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated based on existing information. The accruals are adjusted periodically as additional information becomes available.</font><font style="font-family:Times New Roman;font-size:10pt;"> In 2004, we disposed of the Tools Group</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> </font
><font style="font-family:Times New Roman;font-size:10pt;">we </font><font style="font-family:Times New Roman;font-size:10pt;">retained responsibility for certain product claims. </font><font style="font-family:Times New Roman;font-size:10pt;"> We have not experienced significant unfavorable trends in either the severity or frequency of product liability lawsuits or personal injury claims. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Horizon Litigation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Horizon litigation against our subsidiary Essef Corporation and certain of its subsidiaries by Celebrity Cruise Lines, Inc. (“Celebrity”) was settled by paym
ent of $35 million to Celebrity in August 2008, a portion of which was covered by insurance. As a result of the settlement, we recorded a charge of $20.4 million in 2008 which is shown on the line </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Legal settlement </font><font style="font-family:Times New Roman;font-size:10pt;">in the Consolidated Statements of Income.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Warranties and guarantees</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In connection with the disposition of our businesses or product lines, we may agree to indemnify purchasers for various potential liabilities rel
ating to the sold business, such as pre-closing tax, product liability, warranty, environmental, or other obligations. The subject matter, amounts</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> duration of any such indemnification obligations vary for each type of liability indemnified and may vary widely from transaction to transaction. Generally, the maximum obligation under such indemnifications is not explicitly stated and as a result, the overall amount of these obligations cannot be reasonably estimated. Historically, we have not made significant payments for these indemnifications. We believe that if we were to incur a loss in any of these matters, the loss would not have a material effect on our financial condition or results of operations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font
style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We recognize, at the inception of a guarantee, a liability for the fair value of the obligation undertaken in issuing the guarantee.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We provide service and warranty policies on our products. Liability under service and warranty policies is based upon a review of historical warranty and service claim experience. Adjustments are made to accruals as claim data and historical experience warrant.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The changes in the carrying amount of service and product warranties</font><font style="font-family:
Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">for the years ended </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;"> were as follows:</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 571px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;">
60;</td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td></tr><tr style="height: 15px"><td style="width: 571px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td>&
lt;td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><
;font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 571px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Balance at beginning of the year</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 24,288</font></td>
<td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 31,559</font></td></tr><tr style="height: 17px"><td style="width: 571px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Service and product warranty provision</font></td><
td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 56,553</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 55,232</font></td></tr><tr style="height: 17px"><td style="width: 571px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY:
Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Payments</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (50,729)</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (62,672)</font></td></tr><tr style="height: 17px"><td style="width: 571px; text-align:left;bac
kground-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Acquired</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 23</font></td>&l
t;/tr><tr style="height: 17px"><td style="width: 571px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Translation</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (62)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-
width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 146</font></td></tr><tr style="height: 18px"><td style="width: 571px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Balance at end of the period</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-
SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 30,050</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;bo
rder-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 24,288</font></td></tr><tr style="height: 18px"><td style="width: 571px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px
; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Stand-by letters of credit</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> and bonds</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In the ordinary course of business, we are required to commit to bonds that require payments to our customers for any non-per
formance. The outstanding face value of the bonds fluctuates with the value of our projects in process and in our backlog. In addition, we issue financial stand-by letters of credit primarily to secure our performance to third parties under self-insurance programs</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">As of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, the outstanding value of these instruments totaled $</font><font style="font-family:
Times New Roman;font-size:10pt;">116.5</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-family:Times New Roman;font-size:10pt;">51.2</font><font style="font-family:Times New Roman;font-size:10pt;"> million, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="15" style="width: 732px; text-align:left;border-color:#000000;min-width:732px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">17.  Selected Quarterly Financial Data (Unaudited)</font></td></tr><tr style="height: 9px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td sty
le="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-wi
dth:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td colspan="15" style="width: 732px; text-align:left;border-color:#000000;min-width:732px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The following table represents the 2010 quarterly financial information:</font></td></tr><tr style="height: 9px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border
- -color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><
td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="13" style="width: 376px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:376px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;"&
gt;In thousands, except per-share data</font><sup></sup></td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">First </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Second </font></td><td style="width: 15px; border-top-style:solid;bo
rder-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Third </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fourth </font>&
lt;/td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 75px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Year </font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net sales</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font sty
le="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">707,013</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">796,167</f
ont></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">773,735</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE
: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">753,858</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,030,773</font></td></tr><tr styl
e="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross profit</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">213,702</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">248,168</font></td>
<td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">236,542</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">232,228</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;bor
der-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">930,640</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Operating income</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">63,601</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 1
5px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">100,126</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">90,823</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-wid
th:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">79,605</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">334,155</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Income from continuing operations</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; tex
t-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">36,029</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">61,612</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">55,72
9</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">49,577</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">202,947</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><
;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gain (loss) on disposal of discontinued operations, net of tax</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">524</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">593</font></td><td style="width: 15px; text-align:right;border-color:#000000;mi
n-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">549</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(2,292)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style
="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(626)</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net income from continuing operations attributable</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;mi
n-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr sty
le="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> to Pentair, Inc.</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">34,797</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">60,488</font></t
d><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">54,501</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">48,668</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;
border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">198,454</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Earnings per common share attributable to Pentair, Inc.</font><sup> (1)</sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-w
idth:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 6
0px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Basic</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&a
mp;#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FO
NT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Continuing operations</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.35</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;F
ONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.61</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.55</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><
;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.50</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2.02</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Discontinued operations</font><sup></sup></td><td style="wi
dth: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.01</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.01</font></td><td style="width: 15px; border-bott
om-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.01</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: T
imes New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.02)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.01)</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Basic earnings per
common share</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.36</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-
color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.62</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:s
olid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.56</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #0
00000;TEXT-ALIGN: right;">0.48</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2.01</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#0
00000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Diluted</font><sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-sty
le:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </t
d><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Continuing operations</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.35</font><
/td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.61</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;T
EXT-ALIGN: right;">0.55</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.49</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times
New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2.00</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Discontinued operations</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.01</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><
;td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td s
tyle="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.02)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:60px;"&g
t;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.01)</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Diluted earnings per common share</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><
;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.36</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.61</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-b
ottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.55</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bot
tom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.47</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</f
ont></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1.99</font></td></tr><tr style="height: 9px"><td style="width: 341px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width:
15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;">&a
mp;#160;</td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 35px"><td colspan="15" style="width: 732px; text-align:left;border-color:#000000;min-width:732px;"><sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> (1)</font></sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amounts may not to
tal to annual earnings because each quarter and year are calculated separately based on basic and diluted weighted-average common shares outstanding during that period.</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style=
"width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td colspan="15" style="width: 732px; text-align:left;border-color:#000000;min-width:732px;"><font style="FONT-FAMILY: Times New R
oman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The following table represents the 2009 quarterly financial information:</font></td></tr><tr style="height: 9px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-co
lor:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; text-align:left;bo
rder-color:#000000;min-width:15px;"> </td><td colspan="13" style="width: 376px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:376px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands, except per-share data</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-alig
n:center;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">First </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Second </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-sty
le:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Third </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15p
x;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fourth </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:60px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt
;COLOR: #000000;TEXT-ALIGN: center;">Year </font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net sales</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">633,840</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000
;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">693,712</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border
- -top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">662,665</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">702,251</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td>
<td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,692,468</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross profit</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FA
MILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">169,232</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">196,479</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">206,967</font></td><td style="width: 15px; text-align:right;bord
er-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">212,457</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">785,135</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;T
EXT-ALIGN: left;">Operating income</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,214</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">63,560</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-widt
h:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">66,682</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">52,492</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New
Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">219,948</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Income from continuing operations</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,721</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"&
gt;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,427</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">38,677</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">27,394</font></td><td style="width: 15px
; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">116,219</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gain (loss) on disposal of discontinued operations, net of tax</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIG
N: right;">10</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(78)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(85)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style=
"width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">134</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(19)</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net income from continuing operations attributable to</f
ont><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td s
tyle="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> to Pentair, Inc.</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><f
ont style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,255</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,006</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,033</font></td><td style="width: 15px; text-a
lign:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">29,218</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">115,512</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;
FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Earnings per common share attributable to Pentair, Inc.</font><sup> (1)</sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td
style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Basic</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-wi
dth:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49
px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Continuing operations</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY:
Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.18</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.33</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-w
idth:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.38</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.30</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px;
text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1.19</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Discontinued operations</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-
bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;
FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; bo
rder-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Basic earnings per common share</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;borde
r-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.18</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.
33</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.38</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"&
gt; </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.30</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;">
;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1.19</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Diluted</font><sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px
;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15
px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;">
<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Continuing operations</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.18</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY:
Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.33</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.38</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-w
idth:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.29</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1.17</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Discontinued operations</font><sup></sup></td>
<td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td
style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:4
9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR:
#000000;TEXT-ALIGN: left;">Diluted earnings per common share</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.18</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:doub
le;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.33</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td
><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.38</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FON
T-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.29</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1.17</font></td></tr><tr style="height: 9px"><td style="width: 341px; border-top-style:double;bo
rder-top-width:3px;text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> &
lt;/td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-colo
r:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 35px"><td colspan="15" style="width: 732px; text-align:left;border-color:#000000;min-width:732px;"><sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> (1)</font></sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amounts may not total to annual earnings because each quarter and year are calculated separately based on basic and diluted weighted-average common shares outstanding during that period.</font></td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="11" style="width: 669px; text-align:center;border-color:#000000;min-width:669px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Schedule II — Valuation and Qualifying Accounts</font></td></tr><tr style="height: 9px"><td style="width: 262px; text-align:center;border-color:#000000;min-width:262px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td&
gt;<td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="11" style="width: 669px; text-align:center;border-color:#000000;min-width:669px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;CO
LOR: #000000;TEXT-ALIGN: center;">Pentair, Inc and subsidiaries</font></td></tr><tr style="height: 14px"><td style="width: 262px; text-align:left;border-color:#000000;min-width:262px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td s
tyle="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 262px; text-align:left;border-color:#000000;min-width:262px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Additions</fo
nt></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 15px"><td style="width: 262px; text-align:left;border-color:#000000;min-width:262px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:left;border-color:#0
00000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Balance</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Charged to</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;C
OLOR: #000000;TEXT-ALIGN: left;">Other</font><sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Balance</font></td></tr><tr style="height: 14px"><td style="width: 262px; text-align:left;border-color:#000000;min-width:262px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Beginning</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td&
gt;<td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Costs and</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Changes</font><sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px
;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">End</font></td></tr><tr style="height: 15px"><td style="width: 262px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:262px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">in thousands</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">in Period </font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-
color:#000000;min-width:14px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Expenses </font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:71px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Deductions </font><sup></sup></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-bottom-style:solid;border
- -bottom-width:2px;text-align:left;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Add (deduct) </font><sup></sup></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">of Period </font></td></tr><tr style="height: 17px"><td colspan="11" style="width: 669px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:669px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Allowances for doubtful accou
nts</font></td></tr><tr style="height: 17px"><td style="width: 262px; text-align:left;border-color:#000000;min-width:262px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Year ended December 31, 2010</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 14,154</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;m
in-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 4,300</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,152</font><sup> (1)</sup></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (183)</font><s
up> (2)</sup></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 17,119</font></td></tr><tr style="height: 17px"><td style="width: 262px; text-align:left;border-color:#000000;min-width:262px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Year ended December 31, 2009</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; text-align:right;border-color:#00
0000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 8,925</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6,832</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,449</font><sup> (1)</sup>
;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 846</font><sup> (2)</sup></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 14,154</font></td></tr><tr style="height: 17px"><td style="width: 262px; text-align:left;border-color:#000000;min-width:262px;">&
lt;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Year ended December 31, 2008</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 8,073</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,044</font></td><td st
yle="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,629</font><sup> (1)</sup></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (563)</font><sup> (2)</sup></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New
Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 8,925</font></td></tr><tr style="height: 12px"><td style="width: 262px; text-align:left;border-color:#000000;min-width:262px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">____________</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;bo
rder-color:#000000;min-width:14px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 262px; text-align:left;border-color:#000000;min-width:262px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"> </td><td style="w
idth: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 22px"><td style="width: 262px; text-align:left;border-color:#000000;min-width:262px;"><sup&
gt;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> (1)</font></sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Uncollectible accounts written off, net of expense</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-col
or:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 19px"><td style="width: 262px; text-align:left;border-color:#000000;min-width:262px;"><sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> (2)</font></sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Result of acquisitions and foreign currency effects</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68
px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> <sup></sup></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr></table></div>
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IsNumeric>falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">12.       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> Benefit Plans</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Pension and post-retirement benefits</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We sponsor domestic and foreign defined-benefit pension and other post-retirement plans. Pension benefits are based principal
ly on an employee's years of service and/or compensation levels near retirement. In addition, we also provide certain post-retirement health care and life insurance benefits. Generally, the post-retirement health care and life insurance plans require contributions from retirees. </font><font style="font-family:Times New Roman;font-size:10pt;">We use a December 31 measurement date each year.</font><font style="font-family:Times New Roman;font-size:10pt;"> In December 2007, we </font><font style="font-family:Times New Roman;font-size:10pt;">announce</font><font style="font-family:Times New Roman;font-size:10pt;">d</font><font style="font-family:Times New Roman;font-size:10pt;"> that we will be freezing certain pension plans as of December 31, 2017. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-si
ze:10pt;font-weight:bold;margin-left:0px;">Obligations and Funded Status</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following tables present reconciliations of the benefit obligation of the plans, the plan assets of the pension plans</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> the funded status of the plans:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"> </td><td colspan="5" style="width: 155px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;bo
rder-color:#000000;min-width:155px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;"> </td><td colspan="5" style="width: 155px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:155px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font></td></tr><tr style="height: 18px"><td style="width: 385px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td colspan="2" style="width: 70px; border-top-style:sol
id;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 70px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 25px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:25px;"> </td><td colspan="2" style="width: 70px; border-
top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 70px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:385px;"><font style="F
ONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Change in benefit obligation</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 25px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-wid
th:25px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:55px;"> </td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Benefi
t obligation beginning of year</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">552,309</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">521,698</font></td><t
d style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,301</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN:
right;">38,417</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Service cost</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11,588</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: ri
ght;">12,334</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">200</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">214</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"
><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest cost</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">31,671</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,612</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="widt
h: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,013</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,377</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amendments</font></td><td style="width: 15px
; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(281)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"&
gt;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,303)</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Settlements</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px
;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(104)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style
="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Actuarial (gain) loss</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">24,677</font></td>&l
t;td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">13,309</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(647)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-c
olor:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,517)</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Translation (gain) loss</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(4,208)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:righ
t;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,469</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><
;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 21px"><td style="width: 385px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Benefits paid</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(28,844)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> <
;/td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(30,116)</font></td><td style="width: 25px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,152)</font></td><td
style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(2,887)</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Benefit obligation end of year</font></td><td style="width: 15px; border-top-style:solid;border-top-width:
2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">586,808</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: r
ight;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">552,309</font></td><td style="width: 25px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-w
idth:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">33,715</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,301</font></td></tr><tr style="height: 17px"><td style="w
idth: 385px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Change in plan assets</font></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;">&a
mp;#160;</td><td style="width: 25px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td></tr><tr style="height: 17px"><td style="width: 385px; text-align:lef
t;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair value of plan assets beginning of year</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,188</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;
min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">265,112</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td styl
e="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Actual gain (loss) return on plan assets</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,495</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&am
p;#160;</td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">44,521</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FON
T-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Company contributions</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">49,840</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times N
ew Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">49,044</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,152</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,887</font></td></tr><tr style="height: 17px"><td style="width: 385
px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Settlements</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(104)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 25px; text-align:right;border-color:#000000;
min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 17px"><td style="width: 385px; text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALI
GN: left;">Translation gain (loss)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(92)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">627</font></td><td style="width: 25px; text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </t
d><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Benefits paid</font></td><td style="width: 15px; border-bottom-
style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(28,844)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(30,116)</font></td><td style="width: 25px; border-bottom-style:solid;b
order-bottom-width:2px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,152)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roma
n;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(2,887)</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair value of plan assets end of year</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COL
OR: #000000;TEXT-ALIGN: right;">385,483</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,188</font></td><td style="width: 25px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:r
ight;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-a
lign:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Funded status</font></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:dou
ble;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 25px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td>&
lt;td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td></tr><tr style="height: 17px"><td style="width: 385px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Plan assets less than benefit obligation</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN
: right;">$</font></td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(201,325)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(223,121)</font></td><td style="width: 25px;
border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(33,715)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #
000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(35,301)</font></td></tr><tr style="height: 17px"><td style="width: 385px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:385px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net amount recognized</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55p
x; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(201,325)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman
;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(223,121)</font></td><td style="width: 25px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:25px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(33,715)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom
- -width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(35,301)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Of the </font><font style="font-family:Times New Roman;font-size:10pt;"&
gt;$</font><font style="font-family:Times New Roman;font-size:10pt;">20</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Times New Roman;font-size:10pt;"> million underfunding at December 31, 2010, $</font><font style="font-family:Times New Roman;font-size:10pt;">123.6</font><font style="font-family:Times New Roman;font-size:10pt;"> million relates to foreign pension plans and our supplemental executive retirement plans which are not commonly funded.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Amounts recognized in the Consolidated Balance Sheets are as f
ollows:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 390px; text-align:left;border-color:#000000;min-width:390px;"> </td><td colspan="5" style="width: 155px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:155px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="5" style="width: 155px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:155px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font>
</td></tr><tr style="height: 17px"><td style="width: 390px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:390px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:
center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top
- -width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="
height: 17px"><td style="width: 390px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:390px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Current liabilities</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(5,343)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-wi
dth:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(5,437)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times
New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,390)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,511)</font></td></tr><tr style="height: 17px"><td style="width: 390px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:390px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEX
T-ALIGN: left;">Noncurrent liabilities</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(195,982)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TE
XT-ALIGN: right;">(217,684)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(30,325)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-
width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(31,790)</font></td></tr><tr style="height: 17px"><td style="width: 390px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:390px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net amount recognized</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-co
lor:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(201,325)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(223,121)</font></td><td style="width: 20px; border-
top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(33,715)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; borde
r-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(35,301)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The accumulated benefit obligation for all defined benefit plans </font><font style="font-family:Times New Roman;font-size:10pt;">was $</font><font style="font-family:Times New Roman;f
ont-size:10pt;">557.</font><font style="font-family:Times New Roman;font-size:10pt;">7</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $534.9 million at December 31, 2010 and 2009, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="18" style="width: 723px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:723px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Information for pension plans with an accumulated benefit obligation or projected benefit obligation in excess of plan assets are as follows:</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color
:#FFFFFF;border-color:#000000;min-width:292px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text
- -align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td>&l
t;td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td></tr><tr style="height: 17px"><td style="width: 292px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-bottom-st
yle:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;">&
amp;#160;</td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:cente
r;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; border-top-style:solid;border-top-width:2px;text-alig
n:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Pension plans with an accumulated benefit obligation in excess of plan assets:</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-top-styl
e:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td
style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair value of plan assets</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:
49px;"> </td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">385,483</font></
td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,188</font></td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Accumulated benefit obligation</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;">&#
160;</td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-col
or:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">557,712</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">534,936</font></td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Pension plans with a projected benefit obligation in excess of plan assets:</font><
/td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#0000
00;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair value of plan assets</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><t
d style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td
style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">385,483</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,188</font></td></tr><tr style="height: 17px"><td colspan="6" style="width: 423px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:423px;"><font style="FONT-FAM
ILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accumulated benefit obligation</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-widt
h:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">586,808</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">552,309</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFF
F;border-color:#000000;min-width:292px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-
align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </t
d><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td></tr><tr style="height: 17px"><td colspan="18" style="width: 723px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:723px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Components of net periodic benefit cost are as follows:</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49p
x;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:left;background-color:#FFFFFF;borde
r-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:49px;"> </td></tr><tr style="height: 17px"><
td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"> </td><td colspan="8" style="width: 204px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:204px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="8" style="width: 207px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:207px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font></td></tr><tr style="height: 17px"><td style="width: 292px; border-bottom-style:
solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000
000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-
color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"&g
t;<font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2
px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 292px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN:
left;">Service cost</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11,588</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-AL
IGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12,334</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN
: right;">14,104</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">200</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-wi
dth:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">214</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px
;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">263</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest cost</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">31,671</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="wi
dth: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,612</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,383</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; te
xt-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,013</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,377</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right
;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,534</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Expected return on plan assets</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(30,910)</font></td><td style=
"width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(30,286)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(29,762)</font></td><td style="width: 2
0px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15
px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amortization of transition obligation</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;m
in-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">13</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">25</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;">&l
t;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">25</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font sty
le="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amortization of prior year service cost (benefit)</font></td><td style="width: 9px; text-align:right;background-color:#FF
FFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">23</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000
000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">179</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(27)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9p
x;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(41)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(136)</font></td></tr><tr style="height: 17px"><td style="width: 292px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">
;Recognized net actuarial (gain) loss</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,674</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">82</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#00000
0;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">121</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,295)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:1
5px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,326)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,301)</font></td></tr><tr style="height: 17px"><td style="width: 292px; border-bottom-style:solid;border-bottom-wi
dth:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Settlement gain</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(8)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;mi
n-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(9)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 20px; border-b
ottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; borde
r-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 292px; border-top-style:solid;border
- -top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:292px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net periodic benefit cost</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,035</font></td><td style="width: 15px; border-top-style:solid;border-top
- -width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,781</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-w
idth:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,050</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 12px; border-top-style:solid;border-top-width:2px;border-bottom-style:d
ouble;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,109)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="
FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(776)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width:
49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(640)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="12" style="width: 719px; text-align:left;border-color:#000000;min-width:719px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amounts not yet recognized in net periodic benefit cost and included in accumulated other comprehensive income (pre-tax):</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"> </td><td st
yle="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width
:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td colspan="4" style="width: 152px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:152px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="4" style="width: 158px; border-bottom-style:solid;border-bottom-width:2px;text-align:cen
ter;border-color:#000000;min-width:158px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font></td></tr><tr style="height: 17px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td
style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;">&a
mp;#160;</td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000
000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net transition obligation</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFF
F;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-
width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:l
eft;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Prior service cost (benefit)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(162)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">118</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14
px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(878)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(905)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt
;COLOR: #000000;TEXT-ALIGN: left;">Net actuarial (gain) loss</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">138,558</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;C
OLOR: #000000;TEXT-ALIGN: right;">120,022</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(20,781)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;
border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(23,429)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accumulated other comprehensive (income) loss</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;
text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">138,396</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">120,151</font></td><td style="width: 14p
x; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(21,659)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; borde
r-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(24,334)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-col
or:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;bo
rder-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="12" style="width: 719px; text-align:left;border-color:#000000;min-width:719px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The estimated amount that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2011 is as follows:</font></td></tr><tr style="height: 11px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; text-align:left;border-color:#00000
0;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="widt
h: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 14px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:
center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-</font></td></tr><tr style="height: 14px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 9px; border-bottom-st
yle:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15p
x;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">benefits </font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">retirement </font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:solid;bord
er-top-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Prior service cost (benefit)</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-st
yle:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td
style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(27)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net actuarial (gain) loss</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15p
x;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,898</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;bord
er-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,306)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total estimated 2011 amortization</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000
;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:
14px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,899</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;">&
lt;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,333)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;
border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:doubl
e;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Additional Information</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-a
lign:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="12" style="width: 719px; text-align:left;border-color:#000000;min-width:719px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Change in accumulated other comprehensive income, net of tax:</fon
t></td></tr><tr style="height: 11px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><
td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-b
ottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="widt
h: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Beginning of the year</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"
> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></t
d><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(58,448)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(58,704)</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left
;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Additional prior service cost incurred during the year</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border
- -color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">171</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">794</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Actuarial gains (losses) incurred during the year</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64p
x; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(11,861)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:
15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,500</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Translation gains (losses) incurred during the year</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;
border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(75)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(63)</font></td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:
#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amortization during the year:</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">&
;#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Transition obligation</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&a
mp;#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">15</font></td></tr><tr style="height: 17px">
;<td style="width: 371px; text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Unrecognized prior service cost (benefit)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="wid
th: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(12)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(11)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Actuarial gains</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;tex
t-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td>&l
t;td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(993)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,979)</font></td></tr><tr style="height: 17px"><td style="width: 371px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align
:left;border-color:#000000;min-width:371px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">End of the year</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; b
order-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(71,210)</font></td><td style="width: 15px; border-to
p-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(58,448)</font></td></tr><tr style="height: 18px"><td style="width: 371px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:371px;"> </td><td style="width: 9px; border-top-styl
e:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 9px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td
style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: le
ft;">Assumptions</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="8" style="width: 718px; text-align:left;border-color:#000000;min-width:718px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: le
ft;">Weighted-average assumptions used to determine domestic benefit obligations at December 31 are as follows:</font></td></tr><tr style="height: 15px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#
160;</td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td colspan="3" style="width: 192px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td colspan="3" style="width: 192px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font></td></tr><tr style="height: 17px"><td style="width: 316px; border-bottom-style:solid;border-bottom-width:2px;text-align:
left;border-color:#000000;min-width:316px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Percentages</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:
64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 64px; border-top-style:solid;bor
der-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 316px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Discount rate</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">5.90</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-
SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.00</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.50</font></td><td style="width: 18px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">5.90</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.00</font></td><td style
="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.50</font></td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Rate of compensation increase</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">4.00</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">4.00</font></td><td style="width: 64px; text-align:center;border-color:#000
000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">4.00</font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64
px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="8" style="width: 718px; text-align:left;border-color:#000000;min-width:718px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Weighted-average assumptions used to determine the domestic net periodic benefit cost for years ending December 31 are as follows:</font></td></tr><tr style="height: 15px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td style="width:
64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"> </td><td colspan="3" style="width: 192px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:192px
;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Pension benefits </font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td colspan="3" style="width: 192px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Post-retirement </font></td></tr><tr style="height: 17px"><td style="width: 316px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Percentages</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-w
idth:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:18px;"> </td&
gt;<td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"&
gt;<td style="width: 316px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Discount rate</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.00</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.50</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6
.50</font></td><td style="width: 18px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.00</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.50</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">6.50</font></td></tr><tr style="height: 17px"><td style="width
: 316px; text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Expected long-term return on plan assets</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">8.50</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">8.50</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">8.50</font></td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-ali
gn:center;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 316px; text-align:left;border-color:#000000;min-width:316px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Rate of compensation increase</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">4.00</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">4.00</font></td><td style="widt
h: 64px; text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">5.00</font></td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Discount rate</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size
:10pt;margin-left:0px;">The discount rate reflects the current rate at which the pension liabilities could be effectively settled at the end of the year based on our December 31 measurement date. The discount rate was determined by matching our expected benefit payments to payments from a stream of AA or higher bonds available in the marketplace, adjusted to eliminate the effects of call provisions. This produced a discount rate for our </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> plans of </font><font style="font-family:Times New Roman;font-size:10pt;">5.90</font><font style="font-family:Times New Roman;font-size:10pt;">% in </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;">, 6.</font><font style="font-family:Times New Roman;font-size:10pt;">
0</font><font style="font-family:Times New Roman;font-size:10pt;">0% in </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 6.50% in</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2008</font><font style="font-family:Times New Roman;font-size:10pt;">. The discount rates on our foreign plans ranged from </font><font style="font-family:Times New Roman;font-size:10pt;">0</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;">75</font><font style="font-family:Times New Roman;font-size:10pt;">% to </font><font style="font-family:Times New Roman;font-size:10pt;">5.</
font><font style="font-family:Times New Roman;font-size:10pt;">40</font><font style="font-family:Times New Roman;font-size:10pt;">% in </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;">, 2.00% to 6.</font><font style="font-family:Times New Roman;font-size:10pt;">00</font><font style="font-family:Times New Roman;font-size:10pt;">% in </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and 2.00% to </font><font style="font-family:Times New Roman;font-size:10pt;">6</font><font style="font-family:Times New Roman;font-size:10pt;">.25% in </font><font style="font-family:Times New Roman;font-size:10pt;">2008</font><font style="font-family:Times New Roman;font-size:10pt;">. There are no other known or anticipated
changes in our discount rate assumption that will impact our pension expense in </font><font style="font-family:Times New Roman;font-size:10pt;">2011</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Expected rate of return</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our expected rate of return on plan assets </font><font style="font-family:Times New Roman;font-size:10pt;">was 8.5% </font><font style="font-family:Times New Roman;font-size:10pt;">for </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;"
>, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 2008</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The expected rate of return is designed to be a long-term assumption that may be subject to considerable year-to-year variance from actual returns. In developing the expected long-term rate of return, we considered our historical returns, with consideration given to forecasted economic conditions, our asset allocations, input from external consultants and broader longer-term market indices. In </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;">, the pension plan assets yielded returns </font><fo
nt style="font-family:Times New Roman;font-size:10pt;">of </font><font style="font-family:Times New Roman;font-size:10pt;">11.2</font><font style="font-family:Times New Roman;font-size:10pt;">%</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> returns of 19.5</font><font style="font-family:Times New Roman;font-size:10pt;">% in </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">a loss </font><font style="font-family:Times New Roman;font-size:10pt;">of </font><font style="font-family:Times New Roman;font-size:10pt;">28</font><font style="font-family:Times New Roman;font-size:10pt;">.8% in </font><font style="font-family:Times New Roman;
font-size:10pt;">2008</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> Our expected rate of return on plan assets assumption is 8.0% for 2011.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We base our determination of pension expense or income on a market-related valuation of assets which reduces year-to-year volatility. This market-related valuation recognizes investment gains or losses over a five- year period from the year in which they occur. Investment gains or losses for this purpose are the difference between the expected return calculated using the market-related value of assets and the actual return based on the market-related value of assets. Since the market-related value of assets recognizes gains or losses over a
five-year-period, the future value of assets will be impacted as previously deferred gains or losses are recorded.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Unrecognized pension and post-retirement losses</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As of our </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> measurement date, our plans have </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">117.8</font><font style="font-family:Times New Roman;font-size:10pt;"> m&
lt;/font><font style="font-family:Times New Roman;font-size:10pt;">illion of cumulative unrecognized losses. To the extent the unrecognized losses, when adjusted for the difference between market and market related values of assets, exceeds 10% of the projected benefit obligation, it will be amortized into expense each year on a straight-line basis over the remaining expected future-working lifetime of active participants (currently approximating 12 years).</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The assumed health care cost trend rates at December 31 are as follows: </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="h
eight: 17px"><td style="width: 580px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:580px;"> </td><td colspan="2" style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 60px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:60px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 580px; border-top-style:solid;border-t
op-width:2px;text-align:left;border-color:#000000;min-width:580px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Health care cost trend rate assumed for next year</font></td><td style="width: 38px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:38px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7.50</font></td><td style="width: 24px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:24px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 35px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:35px;"><fo
nt style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7.70</font></td><td style="width: 25px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:25px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td></tr><tr style="height: 17px"><td style="width: 580px; text-align:left;border-color:#000000;min-width:580px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)</font></td><td style="width: 38px; text-align:right;border-color:#000000;min-width:38px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4.50</font></td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;C
OLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4.50</font></td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td></tr><tr style="height: 17px"><td style="width: 580px; text-align:left;border-color:#000000;min-width:580px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Year that the rate reaches the ultimate trend rate</font></td><td colspan="2" style="width: 62px; text-align:center;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10p
t;COLOR: #000000;TEXT-ALIGN: center;">2027</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 60px; text-align:center;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2027</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 498px; text-align:left;border-color:#000000;min-width:498px;"> </td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;">&
#160;</td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td></tr><tr style="height: 17px"><td colspan="8" style="width: 715px; text-align:left;border-color:#000000;min-width:715px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The assumed health care cost trend rates can have a significant effect on the amounts reported for health care plans. A one-percentage-point change in the assumed health care cost trend rates would have the following effects:</font></td></tr><tr style="height: 15px"><td style="width: 498px; text-align:left;bor
der-color:#000000;min-width:498px;"> </td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td></tr><tr style="height: 14px"><td style="width: 498px; text-align:left;border-color:#000000;min-width:498px;"> </td><td colspan="3" style="width: 96px; text-align:center;borde
r-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">1-Percentage-Point</font></td><td style="width: 20px; text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 101px; text-align:center;border-color:#000000;min-width:101px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">1-Percentage-Point</font></td></tr><tr style="height: 14px"><td style="width: 498px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:498px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td colspan="3" style="width: 96px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000
;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Increase </font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 101px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:101px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Decrease </font></td></tr><tr style="height: 17px"><td style="width: 498px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:498px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Effect on total annual service and interest cost</font></td><td style="width: 40px; border-top-style:so
lid;border-top-width:2px;text-align:right;border-color:#000000;min-width:40px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 28px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:28px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">51</font></td><td style="width: 28px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:40px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td>&l
t;td style="width: 28px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:28px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(45)</font></td><td style="width: 33px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:33px;"> </td></tr><tr style="height: 17px"><td style="width: 498px; text-align:left;border-color:#000000;min-width:498px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Effect on post-retirement benefit obligation</font></td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:right;border-color:#000000;min-width:28px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">750</font></td>
;<td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 28px; text-align:right;border-color:#000000;min-width:28px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(667)</font></td><td style="width: 33px; text-align:left;border-color:#000000;min-width:33px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Plan Assets</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-fam
ily:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Objective</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The primary objective of our investment strategy is to meet the pension obligation to our employees at a reasonable cost to </font><font style="font-family:Times New Roman;font-size:10pt;">us</font><font style="font-family:Times New Roman;font-size:10pt;">. This is primarily accomplished through growth of capital and safety of the funds invested. The plans will therefore be actively invested to achieve real growth of capital over inflation through appreciation of securities held and through the accumulation and reinvestment of dividend and interest income.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:1
0pt;font-style:italic;margin-left:0px;">Asset allocation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our actual overall asset allocation for the plans as compared to our investment policy goals is as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 384px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"> </td><td colspan="4" style="width: 158px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:158px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Plan Assets &
lt;/font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="4" style="width: 158px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:158px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Target Allocation </font></td></tr><tr style="height: 16px"><td style="width: 384px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Asset Class</font></td><td colspan="2" style="width: 79px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;bo
rder-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2010</font></td><td colspan="2" style="width: 79px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2009</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="2" style="width: 79px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;C
OLOR: #000000;TEXT-ALIGN: right;">2010</font></td><td colspan="2" style="width: 79px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2009</font></td></tr><tr style="height: 16px"><td style="width: 384px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Equity Securities</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">47&l
t;/font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">53</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;">
0;</td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">50</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">60</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style=
"FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td></tr><tr style="height: 16px"><td style="width: 384px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fixed Income Investments</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Ti
mes New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">22</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">40</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000
;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">30</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td></tr><tr style="height: 16px"><td style="width: 384px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Alternative Investments</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;
"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">10</font></td><td style="width: 15px; text-align:left;backgroun
d-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">10</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td></tr><tr style="height: 16px"><td style="width: 384px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:384px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Cash</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000
;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 20px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 64px; text-align:
right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">%</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-to
p:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">While the target allocations do not have a percentage allocated to cash, the plan assets will always include some cash due to cash flow</font><font style="font-family:Times New Roman;font-size:10pt;"> requirements</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">In </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, as a result of our year end decision to make a $25 million </font><font style="font-family:Times New Roman;font-size:10pt;">accelerated pension</font><font style="font-family:Times New Roman;font-size:10pt;"> plan contribution, a higher percentage of assets were held in cash equivalents. This contribution was directed to be invested i
n fixed income investments and was invested shortly after year end. After taking this into consideration, our fixed income investment percentage would have been 30% and our cash percentage would have been 3%.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As part of our strategy to reduce </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> pension plan funded status volatility, we plan to increase the allocation to long duration fixed income securities in future years as the funded status of our </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> pension plans improve. In 20</font><font style="font
- -family:Times New Roman;font-size:10pt;">10</font><font style="font-family:Times New Roman;font-size:10pt;"> we increased our fixed inc</font><font style="font-family:Times New Roman;font-size:10pt;">ome investments from </font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Times New Roman;font-size:10pt;">0% to </font><font style="font-family:Times New Roman;font-size:10pt;">4</font><font style="font-family:Times New Roman;font-size:10pt;">0% and from </font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">0% to </font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Times New Roman;font-size:10pt;">0%</font><font style="font-family:Times New Roman;font-size:10pt;"> in 2009.</font></p><p style='margin-
top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Fair Value Measurement</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following table presents our plan assets using the fair val</font><font style="font-family:Times New Roman;font-size:10pt;">ue hierarchy as of December 31, 2010 and December 31, 2009.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"
><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Quoted Prices in</font></td><td style="width: 43px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;b
ackground-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Active Markets for</font></td><td colspan="3" style="width: 108px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant Other</font></td><td colspan="3" style="width: 109px; text-align:center
;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Unobservable</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-
ALIGN: center;">Identical Assets</font></td><td colspan="3" style="width: 108px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Observable Inputs</font></td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Inputs</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></
tr><tr style="height: 17px"><td style="width: 284px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">in thousands</font></td><td colspan="3" style="width: 109px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 1)</font></td><td colspan="3" style="width: 108px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 2)</font></td>&
lt;td colspan="3" style="width: 109px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 3)</font></td><td colspan="3" style="width: 113px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:113px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td></tr><tr style="height: 17px"><td style="width: 284px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Cash Equivalents</font></td><td style="width: 44px; border-top
- -style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><
;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 13,803</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Rom
an;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">13,803</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SI
ZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fixed Income:</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td sty
le="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Corporate and Non U.S. Government</font></td><td style="width: 44px; text-align:left;background-co
lor:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 42,544</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-widt
h:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 284</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">42,828</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#0000
00;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> U.S. Treasuries</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width
:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 60,710</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: T
imes New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">60,710</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Mortgage-Backed Securities</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> <
/td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 30,052</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,368</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:
right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">31,420</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Other</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY:
Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 6,818</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #00
0000;"> 125</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">6,943</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Global Equity Securities:</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;
background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td
style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Small Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;b
order-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7,982</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#00
0000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7,982</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Mid Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color
:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,811</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-wid
th:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,811</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-co
lor:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Large Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000
;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">45,700</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;">&
lt;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">45,700</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> International Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">23,964</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#00000
0;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,895</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;">
 </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">45,859</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Long/short Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFF
FFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">56,639</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#0000
00;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">56,639</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Pentair Company Stock</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border
- -color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">18,255</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-widt
h:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">18,255</font></td></tr><tr style="height: 17px"><td style="width: 284px; border-bottom-style:solid;border-bottom-width:2px;
text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other Investments</font></td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;
"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">33,542</font></td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;
"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12,991</font></td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">46,533</font></td></tr><tr style="height: 17px"><td style="width: 284px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min
- -width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total as of December 31, 2010</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN:
right;">59,012</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">311,703</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom
- -style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,768</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;">
60;</td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">385,483</font></td></tr><tr style="height: 18px"><td style="width: 284px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td style="width: 44px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;borde
r-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; border-top-style:double;border-top-width:3px;text-al
ign:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px">
<td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-wi
dth:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGH
T: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Quoted Prices in</font></td><td style="width: 43px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border
- -color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Active Markets for</font></td><td colspan="3" style="width: 108px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant Other</font></td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;bord
er-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Unobservable</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"> </td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Identical A
ssets</font></td><td colspan="3" style="width: 108px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Observable Inputs</font></td><td colspan="3" style="width: 109px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Inputs</font></td><td style="width: 44px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 18
px"><td style="width: 284px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">in thousands</font></td><td colspan="3" style="width: 109px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 1)</font></td><td colspan="3" style="width: 108px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 2)</font></td><td colspan="3" style="widt
h: 109px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:109px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 3)</font></td><td colspan="3" style="width: 113px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:113px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td></tr><tr style="height: 17px"><td style="width: 284px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Cash Equivalents</font></td><td style="width: 44px; border-top-style:solid;border-top-width:
2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Time
s New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 35,575</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #0000
00;"> —</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,575</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-A
LIGN: left;">Fixed Income:</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:le
ft;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Corporate and Non U.S. Government</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#0000
00;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 16,682</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td&
gt;<td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 438</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,120</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><fo
nt style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> U.S. Treasuries</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FON
T-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 28,675</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt
;COLOR: #000000;TEXT-ALIGN: right;">28,675</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Mortgage-Backed Securities</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width:
15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 21,636</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2,109</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF
;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">23,745</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Other</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9p
t;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 3,952</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 192</font><
;/td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4,144</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Global Equity Securities:</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;borde
r-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:50px;"> </td><td style="width: 44px; text-alig
n:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Small Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:5
0px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7,227</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style
="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7,227</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Mid Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> 
</td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,389</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td styl
e="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,389</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style
="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Large Cap Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMIL
Y: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">39,569</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FON
T-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">39,569</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> International Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,665</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><
td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">19,955</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15p
x; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">41,620</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Long/short Equity</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;">&l
t;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">54,082</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAM
ILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">54,082</font></td></tr><tr style="height: 17px"><td style="width: 284px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Pentair Company Stock</font></td><td style="width: 44px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> &l
t;/td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,742</font></td><td style="width: 43px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style
="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 44px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,742</font></td></tr><tr style="height: 18px"><td style="width: 284px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border
- -color:#000000;min-width:284px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other Investments</font></td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width
: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,873</font></td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 50px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Rom
an;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,427</font></td><td style="width: 44px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">47,300</font></td></tr><tr style="height: 18px"><td style="width: 284px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:284px;"><font style="FONT-FAMILY:
Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total as of December 31, 2009</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">59,023</font></td><td
style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">252,999</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-alig
n:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 50px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,166</font></td><td style="width: 44px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:44px;"> </td><td style="width: 15px; bord
er-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,188</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Valuation methodologies used for investments measured at fair value are as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'&g
t; </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Cash Equivalents:</font><font style="font-family:Times New Roman;font-size:10pt;">  Consist of investments in commingled funds valued based on observable market data. Such investments are classified as Level 2.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Fixed Inco
me:</font><font style="font-family:Times New Roman;font-size:10pt;">  Investments in corporate bonds, government securities, mortgages and asset backed securities are value based upon quoted market prices for identical or similar securities and other observable market data. Investments in commingled funds are generally valued at the net asset value of units held at the end of the period based upon the value of the underlying investments as determined by quoted market prices or by a pricing service. Such investments are classified as Level 2. Certain investments in commingled funds are valued based on unobservable inputs due to liquidation restrictions. These investments are classified as Level 3.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•   &
;#160;   </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Global Equity Securities:</font><font style="font-family:Times New Roman;font-size:10pt;">  Equity securities and Pentair common stock</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">are valued based on the closing market price in an active market and are classified as Level 1. Investments in commingled funds are valued at the net asset value of units held at the end of the period based upon the value of the underlying investments as determined by quoted market prices or by a pricing service. Such investments are classified as Level 2.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times N
ew Roman;font-size:10pt;margin-left:0px;">•       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Other Investments:</font><font style="font-family:Times New Roman;font-size:10pt;">  Other investments include investments in commingled funds with diversified investment strategies. Investments in commingled funds that are valued at the net asset value of units held at the end of the period based upon the value of the underlying investments as determined by quoted market prices or by a pricing service are classified as Level 2. Investments in commingled funds that are valued based on unobservable inputs due to liquidation restrictions are classified as Level 3.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-fam
ily:Times New Roman;font-size:10pt;margin-left:0px;">The following table</font><font style="font-family:Times New Roman;font-size:10pt;">s present</font><font style="font-family:Times New Roman;font-size:10pt;"> a reconciliation of Level 3 assets held during the year</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> ended</font><font style="font-family:Times New Roman;font-size:10pt;"> December 31, 2010 and </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td s
tyle="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net realized</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;m
in-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net purchases,</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-alig
n:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Balance</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #00000
0;TEXT-ALIGN: center;">and unrealized</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">issuances and</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">transfers into</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td>&l
t;td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Balance</font></td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">January 1, 2010</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; border-bottom-
style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">gains (losses)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">settlements</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; border-bottom-
style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(out of) level 3</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2010</font></td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR:
#000000;TEXT-ALIGN: left;">Other Investments</font></td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,427</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; borde
r-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">678</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-w
idth:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(2,113)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-widt
h:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 48px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY:
Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12,992</font></td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fixed Income Investments</font></td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"&
gt; </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,739</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"&g
t;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">334</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,296)</font></td><td style="width: 20px; border-bottom-style:solid
;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-botto
m-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,777</font></td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; bo
rder-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,166</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#
FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,012</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-t
op-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3,409)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;
min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 48px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;
border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,769</font></td>
</tr><tr style="height: 18px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td style="width: 27px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min
- -width:27px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;background
- -color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 48px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:48px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:double;border-t
op-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;">&a
mp;#160;</td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-col
or:#000000;min-width:43px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 48px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:48px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;ba
ckground-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td style="width: 27px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: cente
r;">Net realized</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net purchases,</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; text
- -align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Balance</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FF
FFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">and unrealized</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">issuances and</font></td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">transfers into</font></td&
gt;<td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Balance</font></td></tr><tr style="height: 18px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">January 1, 2009</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;back
ground-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">gains (losses)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">settlements</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;back
ground-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(out of) level 3</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2009</font></td></tr><tr style="height: 17px"><td style="width: 210px; text-align:lef
t;background-color:#FFFFFF;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other Investments</font></td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,083</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;t
ext-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(774)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td>&l
t;td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;bord
er-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 48px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(16,882)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-styl
e:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">14,427</font></td></tr><tr style="height: 18px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fixed Income Investments</font></td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="wid
th: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">25,640</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="wid
th: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,027</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Ro
man;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(23,928)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background
- -color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,739</font></td></tr><tr style="height: 18px"><td style="width: 210px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:210px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-
width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">57,723</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style=
"width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">253</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;backg
round-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 20px; border-top-style:solid;border-
top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 48px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN:
right;">(40,810)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 27px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:27px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-wi
dth:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,166</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Cash Flows</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Contributions</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Pension contributions totaled $</font><font style="font-family:Times New Roman;font-size:10pt;">49.8</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $49.0 million in 2010 and 2009, respectivel
y. Our 2011 required pension contributions are expected to be in the range of $</font><font style="font-family:Times New Roman;font-size:10pt;">25</font><font style="font-family:Times New Roman;font-size:10pt;"> million to $</font><font style="font-family:Times New Roman;font-size:10pt;">30</font><font style="font-family:Times New Roman;font-size:10pt;"> million. The decrease in the 201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;"> expected contribution is primarily a result of the December 20</font><font style="font-family:Times New Roman;font-size:10pt;">10</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">accelerated </font><font style="font-family:Times New Roman;font-size:10pt;">contribution of $25
0;million to our defined benefit pension plan. The 201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;"> expected contributions will equal or exceed our minimum funding requirements.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Estimated Future Benefit Payments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the plans as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div>&l
t;table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 520px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In millions</font></td><td colspan="3" style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">Pension benefits </font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:20px;"> </td><td colspan="3" style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bo
ld;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">Post-retirement </font></td></tr><tr style="height: 17px"><td style="width: 520px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2011</font></td><td style="width: 40px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 35px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;
COLOR: #000000;TEXT-ALIGN: right;">34.2</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 35px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3.4</font></td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"><font st
yle="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2012</font></td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">31.8</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR:
#000000;TEXT-ALIGN: right;">3.3</font></td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2013</font></td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32.8</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#0000
00;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3.2</font></td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2014</font></td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">33.7</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px
;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3.1</font></td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2015</font></td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font
style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35.8</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3.0</font></td></tr><tr style="height: 17px"><td style="width: 520px; text-align:left;border-color:#000000;min-width:520px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2016-2020</font></td><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td>
<td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">212.7</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td><td style="width: 40px; text-align:right;border-color:#000000;min-width:40px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 35px; text-align:right;border-color:#000000;min-width:35px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">13.4</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font
style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Savings plan</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have a 401(k) plan (“the plan”) with an employee stock ownership (“ESOP”) bonus component, which covers certain union and nearly all non-union </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> employees who meet certain age requirements. Under the plan, eligible </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> employees may voluntarily contribute a percentage of their eligible compensation. </font><font style="font-family:Times New Roman;font-size:10pt;">
We</font><font style="font-family:Times New Roman;font-size:10pt;"> match</font><font style="font-family:Times New Roman;font-size:10pt;"> contributions made by employees who meet certain eligibility and service requirements. Our matching contribution is 100% of eligible employee contributions for the first 1% of eligible compensation</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 50% of the next 5% of eligible compensation. In June 2009, we temporarily suspended the company match of the plan and ESOP.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">We reinstated the c</font><font style="font-family:Times New Roman;font-size:10pt;">ompany match in 2010.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='m
argin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In addition to the matching contribution, all employees who meet certain service requirements receive a discretionary ESOP contribution equal to 1.5% of annual eligible compensation.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our combined expense for the plan and ESOP was </font><font style="font-family:Times New Roman;font-size:10pt;">approximately $</font><font style="font-family:Times New Roman;font-size:10pt;">11.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;">, $6.7 million</font><font style="font-family:Times New Roman;font-size:10pt;"> and<
/font><font style="font-family:Times New Roman;font-size:10pt;"> $17.0 million, in 2010, 2009 and 2008, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Other retirement compensation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Total other accrued retirement compensation was </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">13.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> and $17.3 million </font><font style="font-famil
y:Times New Roman;font-size:10pt;">in 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and 2009, respectively</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> is included in the pension and other retirement compensation line of our Consolidated Balance Sheet.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>12.        Benefit PlansPension and post-retirement benefitsWe sponsor domestic and foreign defined-benefit pension andfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used to capture the entire disclosure for an employer that sponsors one or more defined benefit pension plans or one or more other defined benefit postretirement plans, of certain information, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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IDEA: Restructuring
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USD ($) / shares
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$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
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gNo definition available.falsefalse3false0us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">4.</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Restructuring</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">During 2009 and 2008, we announced and initiated certain business restructuring initiatives aimed at reducing our fixed cost structure and rationalizing our manufacturing footprint. These initiatives included the announcement
of the closure of certain manufacturing facilities as well as the reduction in hourly and salaried headcount of approximately 800 and 1700 employees in 2009 and 2008, respectively, which included 350 and 1,300 in the Water Group and 450 and 400 in the Technical Products Group. These actions were generally completed by the end of 2009. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Restructuring related costs included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Selling, general and administrative</font><font style="font-family:Times New Roman;font-size:10pt;"> expenses on the Consolidated Statements of Income include costs for severance and related benefits, asset impairment charges and other restructuring costs as follows:</font></p><p style='margin-t
op: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 555px; text-align:left;border-color:#000000;min-width:555px;"> </td><td colspan="5" style="width: 165px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:165px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Years Ended December 31</font></td></tr><tr style="height: 18px"><td style="width: 555px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:555px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width
:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:60px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:60px;"><font style="FONT-WEIGHT
: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 555px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:555px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Severance and related costs</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 11,160</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000
000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 34,615</font></td></tr><tr style="height: 17px"><td style="width: 555px; text-align:left;border-color:#000000;min-width:555px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Asset impairment</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New R
oman;FONT-SIZE: 9pt;COLOR: #000000;"> 4,050</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 5,282</font></td></tr><tr style="height: 17px"><td style="width: 555px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:555px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Contract termination costs</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-bottom-style:solid;bor
der-bottom-width:1px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2,030</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 5,309</font></td></tr><tr style="height: 18px"><td style="width: 555px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:555px;"><font style="FONT-FAMILY: Times New Roman;FON
T-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Total restructuring costs</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 17,240</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;bord
er-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 45,206</font></td></tr><tr style="height: 18px"><td style="width: 555px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:555px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:60px;"> </td><td styl
e="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 555px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:555px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:60px;"> </td><td style="width: 15px; text-align:left;background-color:#FF
FFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:60px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">Total restructuring costs related to the Water Group and the Technical Products Group were $7.7 million and $9.5 million, respectively, for year ended December 31, 2009. Total restructuring costs related to the Water Group and the Technical Products Group were $36.3 million and $8.9 million, respectively, for year ended December 31, 2008.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0
pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Restructuring accrual activity recorded on the Consolidated Balance Sheets is summarized as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 566px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td colspan="4" style="width: 139px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:139px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center
;">Years Ended December 31</font></td></tr><tr style="height: 18px"><td style="width: 566px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;bord
er-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 566px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;"&g
t;Beginning balance</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 14,509</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td&g
t;<td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 34,174</font></td></tr><tr style="height: 17px"><td style="width: 566px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Costs incurred</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 20px; text-align:right;border-color:#000000;min-width:20px;"> </td>&l
t;td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 13,190</font></td></tr><tr style="height: 17px"><td style="width: 566px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Cash payments and other</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000
000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (10,515)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (32,855)</font></td></tr><tr style="height: 18px"><td style="width: 566px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"&
gt;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Ending balance</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 3,994</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td st
yle="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 14,509</font></td></tr><tr style="height: 18px"><td style="width: 566px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td
style="width: 52px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td></tr><tr style="height: 17px"><td style="width: 566px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:566px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td sty
le="width: 52px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td></tr></table></div>4.       RestructuringDuring 2009 and 2008, we announced and initiated certain business restructuring initiatives aimed atfalsefalsefalsefalse<
/hasSegments>falseOtherus-types:textBlockItemTypestringDisclosure of changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 146
-Paragraph 20
-Subparagraph b(2)
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e1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">3.       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Discontinued Operations</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In 2010 we were notified of a product recall required by our former Tools Group (which was sold to Black and Decker Corporation in 2004 and treated as a discontinued operation). Under the terms of the sale agreement we are liable for a portion of the product
recall costs. We recorded a liability of </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">3.2 million</font><font style="font-family:Times New Roman;font-size:10pt;"> ($</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;">0</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> net of tax)</font><font style="font-family:Times New Roman;font-size:10pt;"> in 2010 representing our estimate of the potential cost</font><font style="font-family:Times New Roman;font-size:10pt;"> for products sold prior to </font><font style="font-family:Times New Roman;font-size:10pt;">the </fon
t><font style="font-family:Times New Roman;font-size:10pt;">date of sale of the Tools Group </font><font style="font-family:Times New Roman;font-size:10pt;">associated with this recall.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">In addition, we received the remaining escrow balances from our sale of Lincoln Industrial of approximately $0.5 million</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> and we re</font><font style="font-family:Times New Roman;font-size:10pt;">versed </font><font style="font-family:Times New Roman;font-size:10pt;">tax reserves of approximately $1.0 million due to the expiration of various statues of limitations. </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Rom
an;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On December 15, 2008, we sold our Spa and </font><font style="font-family:Times New Roman;font-size:10pt;">Bath</font><font style="font-family:Times New Roman;font-size:10pt;"> (“Spa/Bath”) business to Balboa Water Group in a cash transaction for $9.2 million. The results of Spa/Bath have been reported as discontinued operations for all periods presented. Goodwill of $5.6 million was included in the assets of Spa/Bath.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On February 28, 2008, we sold our National Pool Tile (“NPT”) business to Pool Corporation in a cash transaction for
$29.8 million. The results of NPT have been reported as discontinued operations for all periods presented. Goodwill of $16.8 million was included in the assets of NPT.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Operating results of the discontinued operations are summarized below:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 489px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td colspan="2" sty
le="width: 67px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:67px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 67px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:67px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 67px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:6
7px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 489px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Net Sales</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-top-style:solid;border-top-
width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td
style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 43,346</font></td></tr><tr style="height: 17px"><td style="width: 489px; text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Loss from discontinued operations before income taxes</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;bo
rder-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (9,392)</font></td></tr><tr style="height: 17px"><td style="width: 489px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Income tax benefit on operations</font><
/td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td>
<td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,609</font></td></tr><tr style="height: 17px"><td style="width: 489px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Loss from discontinued operations, net of tax</font></td><td style="width: 15px; border-top-style:solid;border-top-width:
1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:
52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (5,783)</font></td></tr><tr style="height: 17px"><td style="width: 489px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:4
89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Gain (loss) on disposal of discontinued operations, before taxes</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (2,743)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:52px;"&
gt;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 221</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (28,692)</font></td></tr><tr style="height: 18px"><td style="width: 489px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Income tax (expense) benefit on (loss)</font></td><td
style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,117</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (240)</font></td><td style="width: 15
px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 6,846</font></td></tr><tr style="height: 18px"><td style="width: 489px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:489px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Loss on disposal of discontinued operations, net of tax</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bot
tom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (626)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</fo
nt></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (19)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><fon
t style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (21,846)</font></td></tr></table></div>3.       Discontinued OperationsIn 2010 we were notified of a product recall required by our former Tools Group (which wasfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDisclosure includes the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain or loss recognized in the
income statement and the income statement caption that includes that gain or loss, amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43-48
falsefalse12Discontinued OperationsUnKnownUnKnownUnKnownUnKnownfalsetrueXML
20
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IDEA: Summary of Significant Accounting Policies
2.2.0.25falsefalse00900 - Disclosure - Summary of Significant Accounting Policiestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
MeasureNamespace>iso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_GeneralPoliciesAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_SignificantAccountingPoliciesTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">1</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">. </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Summary of Significant Accounting Policies</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-sty
le:italic;margin-left:0px;">Fiscal year</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Our fiscal year ends on December 31.</font><font style="font-family:Times New Roman;font-size:10pt;">  We report our interim quarterly periods on a 13-week basis ending on a Saturday.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Principles of consolidation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The accompanying consolidated financial statements include the accounts of Pentair and all subsidiaries, both </font><font style="font-fa
mily:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> and non-U.S., that we control. Intercompany accounts and transactions have been eliminated. Investments in companies of which we own 20% to 50% of the voting stock or have the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting </font><font style="font-family:Times New Roman;font-size:10pt;">and</font><font style="font-family:Times New Roman;font-size:10pt;"> as a result, our share of the earnings or losses of such equity affiliates is included in the </font><font style="font-family:Times New Roman;font-size:10pt;">Consolidated S</font><font style="font-family:Times New Roman;font-size:10pt;">tatement</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;
font-size:10pt;"> of </font><font style="font-family:Times New Roman;font-size:10pt;">I</font><font style="font-family:Times New Roman;font-size:10pt;">ncome.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Use of estimates</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the </font><font style="font-family:Times New Roman;font-size:10pt;">United States of America</font><font style="font-family:Times New Roman;font-size:10pt;"> (“GAAP”) requires us to make estimates and assumptions that affect the amounts report
ed in these consolidated financial statements and accompanying notes. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be based upon amounts that could differ from those estimates. The critical accounting policies that require our most significant estimates and judgments include:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       the assessment of recoverability of long-lived assets, including goodwill and indefinite-life intangibles; and</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•  &am
p;#160;    accounting for pension benefits, because of the importance in making the estimates necessary to apply these policies.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Revenue recognition</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We recognize revenue when it is realized or realizable and has been earned. Revenue is recognized when persuasive evidence of an arrangement exists; shipment or delivery has occurred (depending on the terms of the sale); the seller's price to the buyer is fixed or determinable; and </font><font style="font-family:Times New Roman;font-size:10pt;">collectability</font><font style="font-family:Times New R
oman;font-size:10pt;"> is reasonably assured.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Generally, there is no post-shipment obligation on product sold other than warranty obligations in the normal</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> ordinary course of business. In the event significant post-shipment obligations were to exist, revenue recognition would be deferred until substantially all obligations were satisfied.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Sales returns</font></p><p style='margin
- -top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The right of return may exist explicitly or implicitly with our customers. Our return policy allows for customer returns only upon our authorization. Goods returned must be product we continue to market and must be in salable condition. Returns of custom or modified goods are normally not allowed. At the time of sale, we reduce revenue for the estimated effect of returns. Estimated sales returns include consideration of historical sales levels, the timing and magnitude of historical sales return levels as a percent of sales, type of product, type of customer</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> a projection of this experience into the future.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt
'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Pricing and sales incentives</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We record estimated reductions to revenue for customer programs and incentive offerings including pricing arrangements, promotions</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> other volume-based incentives at the later of the date revenue is recognized or the incentive is offered. Sales incentives given to our customers are recorded as a reduction of revenue unless we (1) receive an identifiable benefit for the goods or services in exchange for the consideration and (2) we can reasonably estimate the fair value of the benefit received. The following represents a description of our pricing arrangement
s, promotions</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> other volume-based incentives:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:10.8px;">Pricing arrangements</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:10.8px;">Pricing is established up front with our customers</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> we record sales at the agreed</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">upon
net selling price. However, one of our businesses allows customers to apply for a refund of a percentage of the original purchase price if they can demonstrate sales to a qualifying OEM customer. At the time of sale, we estimate the anticipated refund to be paid based on historical experience and reduce sales for the probable cost of the discount. The cost of these refunds is recorded as a reduction in gross sales.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:10.8px;">Promotions</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:10.8px;">Our primary promotional activity is what we refer to as cooperative advertising. Under our cooperative advertising programs, we agree to pay the customer a fixed percentage of sales as an allo
wance that may be used to advertise and promote our products. The customer is generally not required to provide evidence of the advertisement or promotion. We recognize the cost of this cooperative advertising at the time of sale. The cost of this program is recorded as a reduction in gross sales.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:10.8px;">Volume-based incentives</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:10.8px;">These incentives involve rebates that are negotiated up front with the customer and are redeemable only if the customer achieves a specified cumulative level of sales or sales increase. Under these incentive programs, at the time of sale, we reforecast the anticipated rebate to be paid based on for
ecasted sales levels. These forecasts are updated at least quarterly for each customer</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> sales are reduced for the anticipated cost of the rebate. If the forecasted sales for a customer changes, the accrual for rebates is adjusted to reflect the new amount of rebates expected to be earned by the customer.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Shipping and handling costs</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Amounts billed to customers for shipping and handling are recorded in </font><font style="font-family:Times New
Roman;font-size:10pt;font-style:italic;">Net sales </font><font style="font-family:Times New Roman;font-size:10pt;">in the accompanying Consolidated Statements of Income. Shipping and handling costs incurred by Pentair for the delivery of goods to customers are included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Cost of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">goods sold </font><font style="font-family:Times New Roman;font-size:10pt;">in the accompanying Consolidated Statements of Income.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Research and development</font></p><p sty
le='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We conduct research and development (“R&D”) activities in our own facilities, which consist primarily of the development of new products, product applications</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> manufacturing processes. </font><font style="font-family:Times New Roman;font-size:10pt;">We expense R&D c</font><font style="font-family:Times New Roman;font-size:10pt;">osts </font><font style="font-family:Times New Roman;font-size:10pt;">as incurred. R&D expenditures during 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 2008 were $67.2 million, $57.9 million</font><
font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> $62.5 million, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Cash equivalents</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We consider highly liquid investments with original maturities of three months or less to be cash equivalents.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Trade receivables and concentration of credit risk<
;/font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We record an allowance for doubtful accounts; reducing our receivables balance to an amount we estimate is collectible from our customers. Estimates used in determining the allowance for doubtful accounts are based on historical collection experience, current trends, aging of accounts receivable</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> periodic credit evaluations of our customers' financial condition. We generally do not require collateral. </font><font style="font-family:Times New Roman;font-size:10pt;"> No customer receivable balances exceeded 10% of total net receivable balances as of December 31, 2010. </font><font style="font-family:Times New Roman;font-size:10pt;">One customer had a receivable balance of a
pproximately 10% of the total net receivable balance as of December 31, 2009.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In December 2008 we sold approximately $44 million of one customer's accounts receivable to a third-party financial institution to mitigate accounts receivable concentration risk. Sales of accounts receivable are reflected as a reduction of accounts receivable in our Consolidated Balance Sheets and the proceeds are included in the cash flows from operating activities in our Consolidated Statements of Cash Flows. In 2008</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> a loss in the amount of $0.5 million related to the sale of accounts receivable is included in the line item
60;</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Other </font><font style="font-family:Times New Roman;font-size:10pt;">in our Consolidated Statements of Income. We did not undertake a similar sale of customer receivables in </font><font style="font-family:Times New Roman;font-size:10pt;">2010 </font><font style="font-family:Times New Roman;font-size:10pt;">or</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2009.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Inventories</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:
0px;">Inventories are stated at the lower of cost or market with substantially all costed using the first-in, first-out (“FIFO”) method and with an insignificant amount of inventories located outside the </font><font style="font-family:Times New Roman;font-size:10pt;">United States</font><font style="font-family:Times New Roman;font-size:10pt;"> costed using a moving average method which approximates FIFO.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Property, plant</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> and</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-styl
e:italic;"> equipment</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Property, plant</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> equipment is stated at historical cost. We compute depreciation by the straight-line method based on the following estimated useful lives:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 625px; text-align:left;border-color:#000000;min-width:625px;"> </td><td style="width: 99px; text-align:center;border-color:#000000;min-width:99px;"><font style="FONT-WEIGHT: bold;TEXT-DECORATION: underline;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">
Years </font></td></tr><tr style="height: 17px"><td style="width: 625px; text-align:left;border-color:#000000;min-width:625px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Land improvements</font></td><td style="width: 99px; text-align:center;border-color:#000000;min-width:99px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">5 to 20</font></td></tr><tr style="height: 17px"><td style="width: 625px; text-align:left;border-color:#000000;min-width:625px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Buildings and leasehold improvements</font></td><td style="width: 99px; text-align:center;border-color:#000000;min-width:99px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">5 to 50</font></td></tr><tr style="height:
17px"><td style="width: 625px; text-align:left;border-color:#000000;min-width:625px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Machinery and equipment</font></td><td style="width: 99px; text-align:center;border-color:#000000;min-width:99px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">3 to 15</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Significant improvements that add to productive capacity or extend the lives of properties are capitalized. Costs for repairs and maintenance are charged to expense as incurred. When property is retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any related gains or losses are incl
uded in income.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We review the recoverability of long-lived assets to be held and used, such as property, plant and equipment, when events or changes in circumstances occur that indicate the carrying value of the asset or asset group may not be recoverable. The assessment of possible impairment is based on our ability to recover the carrying value of the asset or asset group from the expected future pre-tax cash flows (undiscounted and without interest charges) of the related operations. If these cash flows are less than the carrying value of such asset or asset group, an impairment loss is recognized for the difference between estimated fair value and carrying value. Impairment losses on long-lived assets held for sale are determined in a similar manner, except that fair values are reduce
d for the cost to dispose of the assets. The measurement of impairment requires us to estimate future cash flows and the fair value of long-lived assets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Goodwill and identifiable intangible assets</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Goodwill</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Goodwill represents the excess of the cost of acquired businesses over the fair value of identifiable tangible net assets and identifiable intangible assets purchased.</font></p><p style='margin-top:0pt; margin-bottom:
0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Goodwill is tested at least annually for impairment and is tested for impairment more frequently if events or changes in circumstances indicate that the asset might be impaired. The impairment test is performed using a two-step process. In the first step, the fair value of each reporting unit is compared with the carrying amount of the reporting unit, including goodwill. If the estimated fair value is less than the carrying amount of the reporting unit, an indication that goodwill impairment exists and a second step must be completed in order to determine the amount of the goodwill impairment, if any, that should be recorded. In the second step, an impairment loss is recognized for any excess of the carrying amount of the reporting unit's goodwill over the implied fair value of that goodwill. The implied fair value of goodwill is determined by allocat
ing the fair value of the reporting unit in a manner similar to a purchase price allocation.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The fair value of each reporting unit is determined using a discounted cash flow analysis and market approach. Projecting discounted future cash flows requires us to make significant estimates regarding future revenues and expenses, projected capital expenditures, changes in working capital and the appropriate discount rate. Use of the market approach consists of comparisons to comparable publicly-traded companies that are similar in size and industry. Actual results may differ from those used in our valuations. This non-recurring fair value measurement is a “Level 3” measurement under the fair value hierarchy described below.</font></p><p style='margin
- -top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In developing our discounted cash flow analysis, assumptions about future revenues and expenses, capital expenditures and changes in working capital, are based on our annual operating plan and long-term business plan for each of our reporting units. These plans take into consideration numerous factors including historical experience, anticipated future economic conditions, changes in raw material prices and growth expectations for the industries and end markets we participate in. These assumptions are determined over a five year long-term planning period. The five </font><font style="font-family:Times New Roman;font-size:10pt;">year growth rates for revenues and operating profits vary for each reporting unit being evaluated. Revenues and operating profit beyond 2017 are projected to grow at a 3% perpetual growth rate
for all reporting units.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Discount rate assumptions for each reporting unit take into consideration our assessment of risks inherent in the future cash flows of the respective reporting unit and our weighted-average cost of capital. We utilized discount rates ranging </font><font style="font-family:Times New Roman;font-size:10pt;">from 13% to 15% in</font><font style="font-family:Times New Roman;font-size:10pt;"> determining the discounted cash flows in our fair value analysis. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In estimating fair value using the market approach, we identify a g
roup of comparable publicly-traded companies for each operating segment that are similar in terms of size and product offering. These groups of comparable companies are used to develop multiples based on total market-based invested capital as a multiple of earnings before interest, taxes, depreciation and amortization (EBITDA). We determine our estimated values by applying these comparable EBITDA multiples to the operating results of our reporting units. The ultimate fair value of each reporting unit is determined considering the results of both valuation methods.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Identifiable intangible assets</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our primary identifiable i
ntangible assets include trade marks and trade names, patents, non-compete agreements, proprietary technology and customer relationships. Identifiable intangibles with finite lives are amortized and those identifiable intangibles with indefinite lives are not amortized. Identifiable intangible assets that are subject to amortization are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Identifiable intangible assets not subject to amortization are tested for impairment annually or more frequently if events warrant. During the fourth quarter of 2010 and 2009, we completed our annual impairment test for those identifiable assets not subject to amortization and recorded impairment charges in 2009 of $11.3 million, related to trade names. These charges were recorded in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Selling, general and administrative </font><font style="f
ont-family:Times New Roman;font-size:10pt;">in our Consolidated Statements of Income. There was no impairment charge required in 2010.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The impairment test consists of a comparison of the fair value of the trade name with its carrying value. Fair value is measured using the relief-from-royalty method. This method assumes the trade name has value to the extent that their owner is relieved of the obligation to pay royalties for the benefits received from them. This method requires us to estimate the future revenue for the related brands, the appropriate royalty rate and the weighted average cost of capital. This non-recurring fair value measurement is a “Level 3” measurement under the fair value hierarchy described below. The impairment charge was the result
of significant declines in sales volume. These charges were recorded in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Selling, general and administrative </font><font style="font-family:Times New Roman;font-size:10pt;">in our Consolidated Statements of Income.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">At </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 our goodwill and intangible assets were approximately $</font><font style="font-family:Times New Roman;font-size:10pt;">2,519.6 million and represented approximately 63.4% of our total assets. If we experience further declines in sales and operating profit or do not meet our operating forecasts, we may be subject to future impairments. Additionally, change
s in assumptions regarding the future performance of our businesses, increases in the discount rate used to determine the discounted cash flows of our businesses or significant declines in our stock price or the market as a whole could result in additional impairment indicators. Because of the significance of our goodwill and intangible assets, any future impairment of these assets could have a material adverse effect on our financial results.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Equity method investments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have investments that are accounted using the equity method. Our proportionate share of income or losses from investments accounted fo
r under the equity method is recorded in the Consolidated Statements of Income. We write down or write off an investment and recognize a loss when events or circumstances indicate there is impairment in the investment that is other-than-temporary. This requires significant judgment, including assessment of the investees' financial condition and in certain cases the possibility of subsequent rounds of financing, as well as the investees' historical and projected results of operations and cash flows. If the actual outcomes for the investees are significantly different from projections, we may incur future charges for the impairment of these investments.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have a 50% investment in FARADYNE Motors LLC (“FARADYNE”), a joint venture with ITT Water Technologies, Inc. that be
gan design, development and manufacturing of submersible pump motors in 2005. We do not consolidate the investment in our consolidated financial statements as we do not have a controlling interest over the investment. There were investments in and loans to FARADYNE of $6.1 million and $4.5 million at December 31, 2010 and December 31, 2009, respectively, which is net of our proportionate share of the results of their operations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Income taxes</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We use the asset and liability approach to account for income taxes. Under this method, deferred tax assets and liabilities are recognized for the
expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax basis using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period when the change is enacted. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Changes in valuation allowances from period to period are included in our tax provision in the period of change. We recognize the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs.<
/font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Environmental</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We recognize environmental clean-up liabilities on an undiscounted basis when a loss is probable and can be reasonably estimated. Such liabilities generally are not subject to insurance coverage. The cost of each environmental clean-up is estimated by engineering, financial and legal specialists based on current law. Such estimates are based primarily upon the estimated cost of investigation and remediation required and the likelihood that, where applicable, other potentially responsible parties (“PRPs”) will be able to fulfill their commitments at the sites where Pentair m
ay be jointly and severally liable. The process of estimating environmental clean-up liabilities is complex and dependent primarily on the nature and extent of historical information and physical data relating to a contaminated site, the complexity of the site, the uncertainty as to what remedy and technology will be required and the outcome of discussions with regulatory agencies and other PRPs at multi-party sites. In future periods, new laws or regulations, advances in clean-up technologies and additional information about the ultimate clean-up remedy that is used could significantly change our estimates. Accruals for environmental liabilities are included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Other current liabilities </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Other non-current liabilities </font><font sty
le="font-family:Times New Roman;font-size:10pt;">in the Consolidated Balance Sheets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Insurance subsidiary</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We insure certain general and product liability, property, workers' compensation and automobile liability risks through our regulated wholly-owned captive insurance subsidiary, Penwald Insurance Company (“Penwald”). Reserves for policy claims are established based on actuarial projections of ultimate losses. As of December 31, 2010 and 2009, reserves for policy claims were </font><font style="font-family:Times New Roman;font-size:10pt;">$49</font><font styl
e="font-family:Times New Roman;font-size:10pt;">.0 million ($12.0 million included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Accrued product claims and warranties</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and $37.0 million included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Other non-current liabilities</font><font style="font-family:Times New Roman;font-size:10pt;">) and $56.3 million ($10.0 million included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Accrued product claims and warranties </font><font style="font-family:Times New Roman;font-size:10pt;">and $46.3 million included in </font><font style="font-family:Times New Roman;
font-size:10pt;font-style:italic;">Other</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">non-current liabilities</font><font style="font-family:Times New Roman;font-size:10pt;">), respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Stock-based compensation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We account for stock-based compensation awards on a fair value basis. The estimated grant date fair value of each option award is recognized in income on an accelerated basis over the requisite service period (generally the vesting period). The estimate
d fair value of each option award is calculated using the Black-Scholes option-pricing model. From time to time, we have elected to modify the terms of the original grant. These modified grants are accounted for as a new award and measured using the fair value method, resulting in the inclusion of additional compensation expense in our Consolidated Statements of Income. Restricted share awards and units are recorded as compensation cost on a straight-line basis over the requisite service periods based on the market value on the date of grant.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Earnings per common share</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Basic earnings per share are compute
d by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding including the dilutive effects of common stock equivalents. The dilutive effects of stock options and restricted stock awards and units increased weighted average common shares outstanding by 1,257 thousand, 1,107 thousand and 1,181 thousand in 2010, 2009 and 2008, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Stock options excluded from the calculation of diluted earnings per share because the exercise price was greater than the average market price of the common shares were 3,711 thousand, 5,283 thousand and 5,268 thousand in 2010, 2009 and 2008, respectively.</font></p><p style='margin-top:0pt; ma
rgin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Derivative financial instruments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We recognize all derivatives, including those embedded in other contracts, as either assets or liabilities at fair value in our Consolidated Balance Sheets. If the derivative is designated as a fair-value hedge, the changes in the fair value of the derivative and the hedged item are recognized in earnings. If the derivative is designated and is effective as a cash-flow hedge, changes in the fair value of the derivative are recorded in other comprehensive income (“OCI”) and are recognized in the Consolidated Statements of Income when the hedged item affects earnings. If the underlying hedged transaction c
eases to exist or if the hedge becomes ineffective, all changes in fair value of the related derivatives that have not been settled are recognized in current earnings. For a derivative that is not designated as or does not qualify as a hedge, changes in fair value are reported in earnings immediately. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We use derivative instruments for the purpose of hedging interest rate and currency exposures, which exist as part of ongoing business operations. We do not hold or issue derivative financial instruments for trading or speculative purposes. All other contracts that contain provisions meeting the definition of a derivative also meet the requirements of and have been designated as, normal purchases or sales. Our policy is not to enter into contracts with terms that cannot be designated as no
rmal purchases or sales. From time to time, we may enter in to short duration foreign currency contracts to hedge foreign currency risks on intercompany transactions.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Fair value measurements</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date:</font></p><p style='margin-top:0pt
; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:21.6px;">Level 1:</font><font style="font-family:Times New Roman;font-size:10pt;">  Valuation is based on observable inputs such as quoted market prices (unadjusted) for identical assets or liabilities in active markets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:21.6px;">Level 2:</font><font style="font-family:Times New Roman;font-size:10pt;">  Valuation is based on inputs such as quoted market prices for similar assets or liabilities in active markets or other inputs that are observable for the asset or liability, either directly or indirectly, for substant
ially the full term of the financial instrument.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:21.6px;">Level 3:</font><font style="font-family:Times New Roman;font-size:10pt;">  Valuation is based upon other unobservable inputs that are significant to the fair value measurement.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In making fair value measurements, observable market data must be used when available. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is signific
ant to the fair value measurement.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Foreign currency translation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The financial statements of subsidiaries located outside of the </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> are measured using the local currency as the functional currency. Assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date. Income and expense items are translated at average monthly rates of exchang
e. The resultant translation adjustments are included in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Accumulated </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">o</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">ther </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">c</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">omprehensive </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">i</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">ncome</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> (loss)</font><font style="font-family:Times New Roman;font-size:10pt;"> (“AOCI”), a separate component of shareholders' equity.</fon
t></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">New accounting standards</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On January 1, 2009, we adopted new accounting guidance that changes the accounting and reporting for minority interests. Minority interests have been recharacterized as noncontrolling interests and are reported as a component of equity separate from the parent's equity. Purchases or sales of equity interests that do not result in a change in control will be accounted for as equity transactions. In addition, net income attributable to the noncontrolling interest will be included in consolidated net income on the face of the Consolidated Income Statements and upon a loss of contr
ol, the interest sold, as well as any interest retained, will be recorded at fair value with any gain or loss recognized in earnings. We have classified noncontrolling interest (previously minority interest) as a component of equity for all periods presented.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In June 2009, the Financial Accounting Standards Board issued an amendment to the accounting and disclosure requirements for the consolidation of variable interest entities. The guidance affects the overall consolidation analysis and requires enhanced disclosures on involvement with variable interest entities. The guidance is effective for fiscal years beginning after November 15, 2009. We adopted the new guidance as of January 1, 2010, which did not have a</font><font style="font-family:Times New Roman;font-size:10pt;">
ny</font><font style="font-family:Times New Roman;font-size:10pt;"> effect on our consolidated financial statements.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Subsequent events</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In connection with preparing the audited consolidated financial statements for the year ended December 31, 2010, we have evaluated subsequent events for potential recognition and disclosure through the date of this filing. </font></p>1. Summary of Significant Accounting Policies Fiscal yearOur fiscal year ends on December 31.  We report our interim quarterly periodsfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used to describe all significant accounting policies of the reporting entity.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Cells>1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:9pt;font-weight:bold;margin-left:0px;">15.       Business Segments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We classify our continuing operations into the following business segments based primarily on types of products offered and markets served:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•    &
;#160;  </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Water </font><font style="font-family:Times New Roman;font-size:10pt;">— manufactures and markets essential products and systems used in the movement, storage, treatment</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> enjoyment of water. Water segment products include water and wastewater pumps; filtration and purification components and systems; storage tanks and pressure vessels; and pool and spa equipment and accessories.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       </font&
gt;<font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Technical Products </font><font style="font-family:Times New Roman;font-size:10pt;">— designs, manufactures</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> markets standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them. Applications served include industrial machinery, data communications, networking, telecommunications, test and measurement, automotive, medical, security, defense</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> general electronics. Products include metallic and composite enclosures, cabinets, cases, subracks, backplanes</font><font style="font-
family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> associated thermal management systems.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;">Other </font><font style="font-family:Times New Roman;font-size:10pt;">— is primarily composed of unallocated corporate expenses, our captive insurance subsidiary, intermediate finance companies</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">divested operations</font><font style="font-famil
y:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The accounting policies of our operating segments are the same as those described in the summary of significant accounting policies. We evaluate performance based on the sales and operating income of the segments and use a variety of ratios to measure performance. These results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Financial information by reportable business segment is included in the following su
mmary:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"&g
t; <sup></sup></td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:left;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 18px"><td style="width: 225px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-WEIGHT: bold;FONT-STYLE:
italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font><
/td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font><sup></sup></td><td style="width: 30px; text-align:center;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td>
<td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:72px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 16px"><td style="width: 225px; border-top-style:solid;border-top-width:2px;text-align:left;border-
color:#000000;min-width:225px;"> <sup></sup></td><td colspan="6" style="width: 240px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:240px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net sales to external customers</font><sup></sup></td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td colspan="6" style="width: 231px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:231px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Operating income (loss)</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;
border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Water Group</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,041,281</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;
border-top-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,847,764</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,206,142</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Tim
es New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">231,588</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">163,745</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FA
MILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">206,357</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Technical Products Group</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">989,492</font></td><td style="width: 14px; text-ali
gn:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">844,704</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,145,834</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-A
LIGN: right;">151,533</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">100,355</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">169,315</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other</font><sup></sup></t
d><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td>&l
t;td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(48,966)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bot
tom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(44,152)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(50,987)</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Consolidated</font><sup></sup&
gt;</td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,030,773</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;border-bot
tom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,692,468</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,351,976</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-s
tyle:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">334,155</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right
;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">219,948</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">324,685</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style
="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> 
;</td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 18px"><td style="width: 225px; text-align:left;borde
r-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> <s
up></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;
border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 16px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td colspan="6" style="width: 240px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:240px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Identifiable assets</font><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;"> </font><sup> (1)</sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td colspan="6" style="width: 231px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:
#000000;min-width:231px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Depreciation</font></td></tr><tr style="height: 18px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Water Group</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,409,556</font></td><td style="width: 14px; border-top-style:solid;bo
rder-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,205,774</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,271,039</font><sup></sup></td><td style="wi
dth: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,449</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Tim
es New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">44,063</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">39,237</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Technical Products Group</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width
: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">728,969</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">716,092</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">697,577</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;
border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,544</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">19,035</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">19,131</font></td></tr><tr style="height: 19px"><td style="width: 225px; border-bottom-style:solid
;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Other</font><sup> (1)</sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(164,992)</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE:
10pt;COLOR: #000000;TEXT-ALIGN: right;">(10,532)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">84,597</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">
;3,002</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,725</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,305</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;bord
er-bottom-width:3px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Consolidated</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,973,533</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><
;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,911,334</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4
,053,213</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">57,995</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;
COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">64,823</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">59,673</font></td></tr><tr style="height:
18px"><td style="width: 225px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3
px;text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-top-style
:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 18px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:
#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-bottom-style:soli
d;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 16px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td colspan="6" style="width: 240px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:240px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Amortization</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td colspan="6" style="width: 231px; border-top-style:solid;border-top-width:2px;border-bottom-style:so
lid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:231px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Capital expenditures</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Water Group</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">22,
981</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">34,919</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"
>22,062</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">39,631</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;text-align:righ
t;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">36,513</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,916</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Technical Products Group</font><sup></sup></td><td style="width: 15px; text-ali
gn:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,610</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,687</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,980</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;m
in-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,336</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">15,388</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">15,995</font></td></tr>&
lt;tr style="height: 18px"><td style="width: 225px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">593</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width
:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,051</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,566</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times
New Roman;FONT-SIZE: 10pt;COLOR: #ff0000;TEXT-ALIGN: right;">11,556</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,236</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4,178</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-
style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Consolidated</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">26,184</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-
bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">40,657</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMI
LY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">27,608</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">59,523</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width
:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">54,137</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: r
ight;">53,089</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td>
;<td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px
;"> </td><td style="width: 59px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td&g
t;<td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 17px"><td colspan="14" style="width: 726px; text-align:left;border-color:#000000;min-width:726px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The following table prese
nts certain geographic information:</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td st
yle="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 18px"><td style="width: 225px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font><sup></sup></td><td styl
e="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2010</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td>
<td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2008</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style
="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2008</font></td></tr><tr style="height: 16px"><td style="width: 225px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td colspan="6" style="width: 240px; border-top-style:solid;border-top-width:2px;border-bottom-
style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:240px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Net sales to external customers</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td colspan="6" style="width: 231px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:231px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Long-lived assets</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">U.S.</font><sup></sup><
;/td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,222,856</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,964,138<
;/font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,467,698</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-c
olor:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">196,440</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">203,206</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;text-align:right
;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">219,013</font></td></tr><tr style="height: 17px"><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Europe</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">470,879</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-
SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">439,312</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">571,164</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">77,000</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; text-align:right;border-co
lor:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">87,880</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">89,300</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Asia and other</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-botto
m-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #ff0000;TEXT-ALIGN: right;">337,038</font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">289,018</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;T
EXT-ALIGN: right;">313,114</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">55,995</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">42,602</font>&l
t;/td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,568</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:225px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Consolidated</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMIL
Y: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,030,773</font></td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 68px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,692,468</font>&l
t;/td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,351,976</font><sup></sup></td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-
ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">329,435</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 72px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">333,688</font></td><td style="width: 15px; border-top-style:soli
d;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">343,881</font></td></tr><tr style="height: 18px"><td style="width: 225px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:225px;"> <sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align
:left;border-color:#000000;min-width:64px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 68px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:68px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> <sup></sup></td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-w
idth:3px;text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 72px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:72px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 59px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:59px;"> </td></tr><tr style="height: 24px"><td colspan="14" style="width: 726px; text-align:left;border-color:#000000;min-width:726px;"><sup><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;"> (1)</font></sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000
;TEXT-ALIGN: left;">All cash and cash equivalents are included in Other</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Net sales are based on the location in which the sale originated. Long-lived assets represent property, plant and equipment, net of related depreciation. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We offer a broad array of products and systems to multiple markets and customers for which we do not have the information systems to track revenues by primary product category. However, our net sales by segment are representative of our sales by major product category.</font></p><p style='margin-t
op:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We sell our products through various distribution channels including wholesale and retail distributors, original equipment manufacturers and home centers. </font><font style="font-family:Times New Roman;font-size:10pt;">In our Water segment, one customer accounted for approximately 10% of segment sales in 2010, </font><font style="font-family:Times New Roman;font-size:10pt;">no single customer accounted for more than 10% of segment sales in 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">one customer accounted for just over 10% of segment sales in 2008</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-siz
e:10pt;">In our Technical Products segment, no single customer accounted for more than 10% of segment sales in 20</font><font style="font-family:Times New Roman;font-size:10pt;">10</font><font style="font-family:Times New Roman;font-size:10pt;">, 200</font><font style="font-family:Times New Roman;font-size:10pt;">9</font><font style="font-family:Times New Roman;font-size:10pt;"> or 200</font><font style="font-family:Times New Roman;font-size:10pt;">8</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p>15.       Business SegmentsWe classify our continuing operations into the following business segments based primarily onfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used to capture the complete disclosure of reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10% or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets
of all operating segments.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
falsefalse12Business SegmentsUnKnownUnKnownUnKnownUnKnownfalsetrueXML
22
R18.xml
IDEA: Income Taxes
2.2.0.25falsefalse01000 - Disclosure - Income Taxestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
MeasureNamespace>iso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0pnr_DisclosureIncomeTaxesAbstractpnrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_IncomeTaxDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">11.   Income Taxes</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td
style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#
FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="7" style="width: 720px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:720px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Income from continuing operations before income taxes and noncontrolling interest consisted of the following:</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;">&#
160;</td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousa
nds</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style
="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">U.S.</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COL
OR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">217,213</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">111,530</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFF
FFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">220,294</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">International</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-st
yle:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">82,934</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">61,117</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF
;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">146,846</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Income from continuing operations before taxes and noncontrolling interest</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;b
order-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">300,147</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">172,647</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style
:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">367,140</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:dou
ble;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="7" style="width: 720px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:720px;"><font style="FONT-
FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The provision for income taxes for continuing operations consisted of the following:</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td>&l
t;td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px;
border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 48
3px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Currently payable</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; b
order-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Federal</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #
000000;TEXT-ALIGN: right;">44,766</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">10,502</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">41,985</font></td></tr&g
t;<tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">State</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">6,591</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,456</font></td><
td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">5,140</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">International</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-col
or:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,877</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">13,947</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman
;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">25,735</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total current taxes</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">69,234</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;
min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">26,905</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">72,860</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;C
OLOR: #000000;TEXT-ALIGN: left;">Deferred</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;">&l
t;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Federal and state</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">26,445</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">26,733</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><t
d style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,535</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">International</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,5
21</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,790</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(51)</font></td></tr><tr style="height: 17px"><td s
tyle="width: 483px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total deferred taxes</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">27,966</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px
;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">29,523</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35,484</font></td></tr><tr sty
le="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total provision for income taxes</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">97,
200</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">56,428</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td&g
t;<td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">108,344</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#F
FFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="7" style="width: 720px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:720px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Reconciliation of the U.S. statutory income tax rate to our effective tax rate for continuing operations follows:</font></td></tr><
;tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483p
x; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Percentages</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-b
ottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN:
left;">U.S. statutory income tax rate</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35.0</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35.0</font></td><td style="width: 15px; border-top
- -style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">35.0</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">State income taxes, net of federal tax benefit</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times
New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2.1</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2.6</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1.6</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times
New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Tax effect of stock-based compensation</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.2</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.2</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 6
4px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.2</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Tax effect of international operations</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3.8)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> 
</td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(3.5)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(6.1)</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Tax credits</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;">
 </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.3)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1.4)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1.0)</font></td></tr><t
r style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Domestic manufacturing deduction</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1.4)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.4)</font
></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.7)</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">ESOP dividend benefit</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right
;">(0.2)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.4)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.2)</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times Ne
w Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">All other, net</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.8</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.6</fo
nt></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.7</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Effective tax rate on continuing operations</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:
3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32.4</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32.7</font></td><td style="widt
h: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">29.5</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-alig
n:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="7" style="width: 720px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:720px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE:
10pt;COLOR: #000000;TEXT-ALIGN: left;">Reconciliation of the beginning and ending gross unrecognized tax benefits follows:</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-ali
gn:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-b
ottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-
top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross unrecognized tax benefits — beginning balance</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">29,962</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font styl
e="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">28,139</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">23,879</font></td></tr><tr style="height: 17px"><td style="widt
h: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross increases for tax positions in prior periods</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">286</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,191</font></td><td style
="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,526</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross decreases for tax positions in prior periods</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: righ
t;">(2,490)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(2,433)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(411)</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-A
LIGN: left;">Gross increases based on tax positions related to the current year</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,431</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,789</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-alig
n:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,666</font></td></tr><tr style="height: 17px"><td style="width: 483px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross decreases related to settlements with taxing authorities</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(4,182)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;
"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(209)</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Reductions due to statute expiration</font></td><td style="width: 15px; bord
er-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(747)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(515)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-col
or:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,521)</font></td></tr><tr style="height: 17px"><td style="width: 483px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross unrecognized tax benefits at December 31</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Time
s New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">24,260</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10
pt;COLOR: #000000;TEXT-ALIGN: right;">29,962</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">28,139</font></td></tr><tr style="height: 18px"><td style="width: 483px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:483px;"> </td><td style="width: 15px; border-top-style:double;border-top-
width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:64px;"> </td></tr></table>
</div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Included in the $</font><font style="font-family:Times New Roman;font-size:10pt;">24.3</font><font style="font-family:Times New Roman;font-size:10pt;"> million of total gross unrecognized tax benefits as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> was $</font><font style="font-family:Times New Roman;font-size:10pt;">22.4</font><font style="font-family:Times New Roman;font-size:10pt;"> million of tax benefits that, if recognized, would impact the effective tax rate. It is reasonably possible that the gross unrecognized tax benefits as of </font><font style="font-family:Times New Roman;font-size:10pt;"&g
t;December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> may decrease by a range of $0 to $</font><font style="font-family:Times New Roman;font-size:10pt;">17.</font><font style="font-family:Times New Roman;font-size:10pt;">5</font><font style="font-family:Times New Roman;font-size:10pt;"> million during the next twelve months primarily as a result of the resolution of federal, state and foreign examinations and the expiration of various statutes of limitations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The determination of annual income tax expense takes into consideration amounts which may be needed to cover exposures for open tax years. The Internal Revenue Service (“IRS”) has examined our </font><font sty
le="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> federal income tax returns through 2003 with no material adjustments. The IRS has also completed a survey of our 2004 </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> federal income tax return with no material findings. The IRS is currently examining our federal tax returns for years 2005 through 2009. No material adjustments have been proposed</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> however, actual settlements may differ from amounts accrued.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:
10pt;margin-left:0px;">We record penalties and interest related to unrecognized tax benefits in </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Provision</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">for income taxes </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">In</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">terest expense</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively, which is consistent with our past practices. As of December 31, 2010, we had recorded approximately $</font><font style="font-family:Times New Roman;font-size:10pt;">0</font><font style="font-family:Times New Roman;font-size:10pt
;">.</font><font style="font-family:Times New Roman;font-size:10pt;">8</font><font style="font-family:Times New Roman;font-size:10pt;"> million for the possible payment of penalties </font><font style="font-family:Times New Roman;font-size:10pt;">and $4.</font><font style="font-family:Times New Roman;font-size:10pt;">8</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> related to the possible payment of interest</font><font style="font-family:Times New Roman;font-size:10pt;"> expense</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">U</font><font style="font-famil
y:Times New Roman;font-size:10pt;">.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> income taxes have not been provided on undistributed earnings of international subsidiaries. It is our intention to reinvest these earnings permanently or to repatriate the earnings only when it is tax effective to do so. As of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;">, approximately $2</font><font style="font-family:Times New Roman;font-size:10pt;">23.7</font><font style="font-family:Times New Roman;font-size:10pt;"> million of unremitted earnings attributable to international subsidiaries were considered to be indefinitely invested. It is not practicable to estimate the amount of tax that might be payable if such earnings were to be remitted.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </
p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Deferred taxes arise because of different treatment between financial statement accounting and tax accounting, known as “temporary differences.” We record the tax effect of these temporary differences as “deferred tax assets” (generally items that can be used as a tax deduction or credit in future periods) and “deferred tax liabilities” (generally items for which we received a tax deduction but the tax impact has not yet been recorded in the Consolidated Statements of Income).</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Deferred taxes were classified in the </font><font style="font-family:Times New Roman;font-size:10pt;">C</
font><font style="font-family:Times New Roman;font-size:10pt;">onsolidated </font><font style="font-family:Times New Roman;font-size:10pt;">B</font><font style="font-family:Times New Roman;font-size:10pt;">alance </font><font style="font-family:Times New Roman;font-size:10pt;">S</font><font style="font-family:Times New Roman;font-size:10pt;">heet</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> as follows: </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="3" style="width: 143px; t
ext-align:right;border-color:#000000;min-width:143px;"> </td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td colspan="3" style="width: 134px; text-align:center;border-color:#000000;min-width:134px;"> </td></tr><tr style="height: 17px"><td style="width: 389px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;m
in-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom
- -width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred tax assets</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; bo
rder-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">56,349</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align
:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">49,609</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other noncurrent assets</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> <
/td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,647</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">5,132</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAM
ILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other current liabilities</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(547)</font></td><td style="width: 15px; text-alig
n:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(149)</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred tax liabilities</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;b
order-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(169,198)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border
- -bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(146,630)</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net deferred tax liability</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-t
op-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;bord
er-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(111,749)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(92,038)</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; border-top
- -style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> <
;/td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="10" style="width: 714px; text-align:left;border-color:#000000;min-width:714px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The tax effects of the major items recorded as deferred tax assets and liabilities are as follows:</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&am
p;#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td&g
t;<td colspan="3" style="width: 143px; text-align:center;border-color:#000000;min-width:143px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="3" style="width: 134px; text-align:center;border-color:#000000;min-width:134px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 14px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"> </td><td colspan="4" style="width: 158px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:158px;"><font
style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Deferred tax </font></td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td><td colspan="4" style="width: 149px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:149px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;"> Deferred tax </font></td></tr><tr style="height: 15px"><td style="width: 389px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-alig
n:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Assets </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Liabilities </font></td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;b
order-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:55px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Assets </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times N
ew Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Liabilities </font></td></tr><tr style="height: 17px"><td style="width: 389px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accounts receivable allowances</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4,490</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:righ
t;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 18px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZ
E: 10pt;COLOR: #000000;TEXT-ALIGN: right;">4,073</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Inventory valuation</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;bord
er-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,381</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11,005</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> 
;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accelerated depreciation/amortization</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#00000
0;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11,436</font></td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12,893</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;mi
n-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accrued product claims and warranties</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">25,753</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"&g
t; </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">24,558</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Employee benefit accruals</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-
width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">110,547</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">119,357</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td
style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Goodwill and other intangibles</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><
font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">187,103</font></td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">172,675</font></td></tr><tr style="height: 17px"><td style="width: 389px; border-bottom-style:solid;border-bottom-width:2px;text-align:le
ft;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other, net </font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">71,381</font><
/td><td style="width: 18px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">65,463</font></td></
tr><tr style="height: 17px"><td style="width: 389px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total deferred taxes</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">158,171</font></td><td style="width: 15px; border-top-style
:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">269,920</font></td><td style="width: 18px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLO
R: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">158,993</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">251,031</font></td></tr><tr style="height: 1
7px"><td style="width: 389px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:389px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net deferred tax liability</font></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="TEXT-DECORATION: underlin
e;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(111,749)</font></td><td style="width: 18px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="TEXT-DECORATION: underline;FONT-FAMILY: Ti
mes New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(92,038)</font></td></tr><tr style="height: 19px"><td style="width: 389px; text-align:left;border-color:#000000;min-width:389px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 18px; text-align:right;border-color:#000000;min-width:18px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="w
idth: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Included in Other, net in the table above are deferred tax assets of $</font><font style="font-family:Times New Roman;font-size:10pt;">2.3</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-family:Times New Roman;font-size:10pt;">4.7</font><font style="font-family:Times New Roman;font-size:10pt;"> million as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 </font><font style="font-family:Times New Roman;font-siz
e:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively, related to a foreign tax credit carryover from the tax period ended December 31, 2006 and related to state net operating losses. The foreign tax credit is eligible for carryforward until the tax period ending December 31, 2016.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Non-U.S. tax losses of $</font><font style="font-family:Times New Roman;font-size:10pt;">49.6</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-family:Times New Roman;font-size:10pt;">49.1</font><font style="font-family:Times New Roman;font-size:1
0pt;"> million were available for carryforward at </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively. A valuation allowance reflected above in </font><font style="font-family:Times New Roman;font-size:10pt;">O</font><font style="font-family:Times New Roman;font-size:10pt;">ther,</font><font style="font-family:Times New Roman;font-size:10pt;"> net</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">o</font><font style="font-family:Times New Roman;font-size:10pt;">f $</font><font style="font-family:Times New Roman;font-size:10pt;">9.4</font>
<font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-family:Times New Roman;font-size:10pt;">7.5</font><font style="font-family:Times New Roman;font-size:10pt;"> million exists for deferred income tax benefits related to the non-U.S. loss carryforwards available as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 and 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively that may not be realized. We believe that sufficient taxable income will be generated in the respective countries to allow us to fully recover the remainder of the tax losses. The non-U.S. operating losses are subject to varying expiration periods and will begin to expire in 201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">. State tax los
ses of $</font><font style="font-family:Times New Roman;font-size:10pt;">69.3</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $73.0 million were available for carryforward at </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 and 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively. A valuation allowance reflected above in </font><font style="font-family:Times New Roman;font-size:10pt;">O</font><font style="font-family:Times New Roman;font-size:10pt;">ther,</font><font style="font-family:Times New Roman;font-size:10pt;"> net</font><font style="font-family:Times New Roman;font-size:10pt;"> of $2.</font><font style="font-family:Times New Roman;font-size:10pt;">4</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $2.</font><font style="font-f
amily:Times New Roman;font-size:10pt;">6</font><font style="font-family:Times New Roman;font-size:10pt;"> million exists for deferred income tax benefits related to the carryforwards available at </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010 and 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively. Certain state tax losses will expire in 201</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">, while others are subject to carryforward periods of up to twenty years.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>11.   Income Taxes             Income from continuing opera
tions beforefalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription containing the entire income tax disclosure. Examples include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. This element may be used as a single block of text to encapsul
ate the entire disclosure including data and tables.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
falsefalse12Income TaxesUnKnownUnKnownUnKnownUnKnownfalsetrueXML
23
R12.xml
IDEA: Goodwill and Other Identifiable Intangible Assets
2.2.0.25falsefalse00940 - Disclosure - Goodwill and Other Identifiable Intangible Assetstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
MeasureNamespace>iso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0pnr_GoodwillAndOtherIdentifiableIntangibleAssetspnrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">5.</font><font style="font-family:Times New Roman;font-size:10pt;">        </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Goodwill and Other Identifiable Intangible Assets</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font><font style="font-family:Times New Roman;font-size:10pt;">The c</font><font style="f
ont-family:Times New Roman;font-size:10pt;">hanges in the carrying amount of goodwill for the </font><font style="font-family:Times New Roman;font-size:10pt;">year ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> December 31, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> by segment were as</font><font style="font-family:Times New Roman;font-size:10pt;"> follow</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px
;"><tr style="height: 35px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2009</font></td><td style="width: 20px; border-bottom-style:
solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Acquisitions/
Divestitures</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 102px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Foreign Currency Translation/Other</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;"&
gt;December 31, 2010</font></td></tr><tr style="height: 20px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Water Group</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 106px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"&g
t; 1,802,913</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 97px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #ff0000;"> —</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 102px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:102px;">
;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (18,813)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 112px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,784,100</font></td></tr><tr style="height: 20px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-wi
dth:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Technical Products Group</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 285,884</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #ff0000;"&g
t; —</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 102px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (3,940)</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 281,944</font></td></tr><tr style="height: 21px"><td
style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Consolidated Total</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 106px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Ti
mes New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,088,797</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 97px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> —</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman
;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 102px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (22,753)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 112px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR
: #000000;TEXT-ALIGN: right;"> 2,066,044</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 39px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:
#000000;min-width:106px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2008</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Acquisitions/
Divestitures</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 102px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Foreign Currency Translation/Other</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;"&
gt;December 31, 2009</font></td></tr><tr style="height: 20px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Water Group</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 106px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"&g
t; 1,818,470</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 97px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 895</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 102px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:
102px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (16,452)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 112px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,802,913</font></td></tr><tr style="height: 20px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000
000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Technical Products Group</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 283,381</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 97px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #
000000;"> —</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 102px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2,503</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 112px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 285,884</font></td></tr><tr style="height: 21px">&
lt;td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 215px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Consolidated Total</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 106px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:106px;"><font style="FONT-FA
MILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,101,851</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 97px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:97px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 895</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman
;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 102px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:102px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (13,949)</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:20px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 112px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:112px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR
: #000000;TEXT-ALIGN: right;"> 2,088,797</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Included in “</font><font style="font-family:Times New Roman;font-size:10pt;">F</font><font style="font-family:Times New Roman;font-size:10pt;">oreign </font><font style="font-family:Times New Roman;font-size:10pt;">C</font><font style="font-family:Times New Roman;font-size:10pt;">urrency </font><font style="font-family:Times New Roman;font-size:10pt;">T</font><font style="font-family:Times New Roman;font-size:10pt;">ranslation/</font><font style="font-family:Times New Roman;font-size:10pt;">O</font><font style="font-family:Times New Roman;font-size:10pt;">ther”</font><font style="font-famil
y:Times New Roman;font-size:10pt;"> in 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> is </font><font style="font-family:Times New Roman;font-size:10pt;">the effect of an </font><font style="font-family:Times New Roman;font-size:10pt;">immaterial error </font><font style="font-family:Times New Roman;font-size:10pt;">corrected in 2009 </font><font style="font-family:Times New Roman;font-size:10pt;">related to the previous accounting treatment for certain acquisitions. The correction resulted in a decrease in goodwill and a decrease of deferred tax liabilities of $28.5 million ($27.5 million in the Water Group and $1.0 million in the Technical Products Group).</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style
="height: 21px"><td colspan="14" style="width: 730px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:730px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> The detail of acquired intangible assets consisted of the following:</font></td></tr><tr style="height: 26px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"> </td><td colspan="6" style="width: 247px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:247px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td colspan="6" style="width: 247px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:247px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FO
NT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Gross</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#
FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Gross</font></
td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 20px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-wi
dth:227px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">carrying</font></td><td colspan="3" style="width: 98px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:98px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Accumulated</font></td><td style="width: 65px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:center;backgrou
nd-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">carrying</font></td><td colspan="3" style="width: 98px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:98px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Accumulated</font></td><td style="width: 65px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 21px"><td style="width: 227px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZ
E: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">amount</font></td><td colspan="3" style="width: 98px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:98px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">amortization</font></td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000
;min-width:65px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Net</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">amount</font></td><td colspan="3" style="width: 98px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:98px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">amortization</font></td><td style="width: 65px; border-bott
om-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Net</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 20px"><td style="width: 227px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Finite-life intangibles</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-top-style:solid;bord
er-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width:
75px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> &
lt;/td></tr><tr style="height: 17px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Patents</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 15,469</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; text-align:right;background-c
olor:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (12,695)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2,774</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE:
9pt;COLOR: #000000;"> 15,458</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (11,502)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 3,956</font></td><td style="width: 9px; text-align:right;background
- -color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Non-compete agreements</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLO
R: #000000;"> —</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 4,522</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="
FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (4,522)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Proprietary technology</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75
px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 74,176</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (29,862)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 44,314</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;">&
#160;</td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 73,244</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (23,855)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 49,389</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;bord
er-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Customer relationships</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 282,479</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (82,90
1)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 199,578</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 288,122</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman
;FONT-SIZE: 9pt;COLOR: #000000;"> (66,091)</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 222,031</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Trade names</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-wid
th:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,532</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (383)</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-
align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,149</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,562</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New
Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (235)</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,327</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total finite-life intangibles</font&
gt;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 373,656</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font styl
e="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (125,841)</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 247,815</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-w
idth:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 382,908</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (106,205)</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-AL
IGN: right;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 276,703</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td colspan="3" style="width: 311px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:311px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Indefinite-life intangibles</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-c
olor:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65
px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"> </td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 17px"><td style="width: 227px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Trade names</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 205,755</font></td><td
style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 205,755</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFF
F;border-color:#000000;min-width:9px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 209,704</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 65px; border-bottom-sty
le:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 209,704</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr><tr style="height: 20px"><td style="width: 227px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total intangibles, net</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Time
s New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 579,411</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;C
OLOR: #000000;TEXT-ALIGN: right;"> (125,841)</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 453,570</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-AL
IGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 592,612</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (106,205)&l
t;/font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 486,407</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p sty
le='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Intangible asset amortization expense </font><font style="font-family:Times New Roman;font-size:10pt;">in 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2008 </font><font style="font-family:Times New Roman;font-size:10pt;">was </font><font style="font-family:Times New Roman;font-size:10pt;">approximately </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">24.5</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;">, $27.3 million and $24.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million</
font><font style="font-family:Times New Roman;font-size:10pt;">, respectively</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In 2009 we recorded an impairment charge to write down trade name intangible assets of $11.3 million in the Water Group. Additionally, in 2008 we recorded an impairment charge to write-off a trade name intangible asset of $1.0 million in the Technical Products Group. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The estimated future amortization expense for identifiable intangible assets during the next five years is as follows:</font></p>
;<p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 21px"><td style="width: 260px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:260px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2011</font></td
><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2012</font></td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2013</font></td><td style="width: 12px; border-botto
m-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 79px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:79px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2014</font></td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"> </td><td style="width: 81px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:81px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2015</font></td></tr><tr style="height: 20px"><td style="width: 260px; border-top-sty
le:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:260px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Estimated amortization expense</font></td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 25,140</font></td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000
;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 24,405</font></td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 23,956</font></td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><f
ont style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 79px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 23,631</font></td><td style="width: 12px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 23,333</font></td></tr></table></div>5.  &a
mp;#160;     Goodwill and Other Identifiable Intangible Assets The changes in the carrying amount of goodwill for the yearfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDiscloses the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to
as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain or loss on disposal of a reporting unit). If any p
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lse262357000262357falsefalsefalsefalsefalse2truefalsefalse207661000207661falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryCarrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 19
-Subparagraph a
-Article 5
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brli:monetaryItemTypemonetaryTotal of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 20
-Article 5
falsefalse24false0us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilitiesus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse87330008733falsefalsefalsefalsefalse2truefalsefalse89480008948falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryFor a classified balance sheet, the amount recognized in balance sheet as a current liability associated with an underfunded defined benefit plan.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph c
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 3
falsefalse25false0us-gaap_ProductWarrantyAccrualus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse4229500042295falsefalsefalsefalsefalse2truefalsefalse3428800034288falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryCarrying value as of the balance sheet date of obligations incurred through that date and payable for estimated claims under standard and extended warranty protection rights granted to customers.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 15
-Subparagraph 5
-Article 9
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10
falsefalse26false0us-gaap_AccruedIncomeTaxesCurrentus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse59640005964falsefalsefalsefalsefalse2truefalsefalse56590005659falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryCarrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 15
-Subparagraph b(1)
-Article 7
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 15
-Article 9
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 20
-Article 5
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 48
-Paragraph 15, 21
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Section Appendix E
-Paragraph 289
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temTypemonetaryNo definition available.No authoritative reference available.falsefalse28false0us-gaap_OtherAccruedLiabilitiesCurrentus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefa
lsefalsetotallabel1truefalsefalse8094200080942falsefalsefalsefalsefalse2truefalsefalse8562900085629falsefa
lsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryCarrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Chapter 3
-Section A
-Paragraph 7
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 20
-Article 5
truefalse29false0us-gaap_LiabilitiesCurrentus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse546796000546796falsefalsefalsefalsefalse2truefalsefalse446279000446279falsefalsefalsefalsefalseMonetary<
/Unit>xbrli:monetaryItemTypemonetaryTotal obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 21
-Article 5
truefalse30true0us-gaap_OtherLiabilitiesNoncurrentAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse31false0us-gaap_LongTermDebtus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel
1truefalsefalse702521000702521falsefalsefalsefalsefalse2truefalsefalse803351000803351falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryIncluding current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date. May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 16
-Article 7
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 16
-Article 9
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 20, 22
-Article 5
falsefalse32false0us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrentus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1true<
/IsNumeric>falsefalse209859000209859falsefalsefalsefalsefalse2truefalsefalse234948000234948falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThis represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph c
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 6
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 3
falsefalse33false0pnr_PostRetirementMedicalpnrfalsecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1truefalsefalse3032500030325falsefalsefalsefalsefalse2truefalsefalse3179000031790falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryNo definition available.No authoritative reference available.falsefalse34false0us-gaap_AccruedIncomeTaxesNoncurrentus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1truefalsefalse2350700023507falsefalsefalsefalsefalse2truefalsefalse2693600026936falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryCarrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due beyond one year or the operating cycle, whichever is longer.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 15
-Article 9
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 24
-Article 5
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 48
-Paragraph 15, 21
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 15
-Subparagraph b(1)
-Article 7
falsefalse35false0us-gaap_DeferredTaxLiabilitiesNoncurrentus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse169198000169198falsefalsefalsefalsefalse2truefalsefalse146630000146630falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryRepresents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise shall separate deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets shall be classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, incl
uding deferred tax assets related to carryforwards, shall be classified according to the expected reversal date of the temporary difference.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 41, 42
falsefalse36false0us-gaap_OtherNoncurrentLiabilitiesus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse8629500086295falsefalsefalsefalsefalse2truefalsefalse9506000095060falsefalsefalsefalsefalseMonet
aryxbrli:monetaryItemTypemonetaryObligations not otherwise itemized or previously categorized that are due beyond one year (or operating cycle, if longer) from the balance sheet date.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 24
-Article 5
truefalse37false0us-gaap_Liabilitiesus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse17685010001768501falsefalsefalsefalsefalse2truefalsefalse17849940001784994falsefalsefalsefalsefalseMonetary
xbrli:monetaryItemTypemonetarySum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.No authoritative reference available.truefalse38false0us-gaap_CommitmentsAndContingencies2009us-gaaptruenadurationNo definition available.falsefalsefa
lsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse00 falsefalsefalsefalsefalse2falsefalsefalse00 falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringRepresents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a compan
y's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. This caption alerts the reader that one or more notes to the financial statements disclose pertinent information about the entity's commitments and contingencies.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 7
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 8, 9
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 25
-Article 5
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 17
-Article 9
falsefalse39true0us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1<
/Id>falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse40false0us-gaap_CommonStockValueOutstandingus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1truefalsefalse1640100016401falsefalsefalsefalsefalse2truefalsefalse1644200016442falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryValue of all classes of common stock held by shareholders, which is net of related treasury stock. May be all or a portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 30
-Article 5
falsefalse41false0us-gaap_AdditionalPaidInCapitalus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse474489000474489falsefalsefalsefalsefalse2truefalsefalse472807000472807falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryExcess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of APIC associated with common AND preferred stock. For APIC associated with only common stock, use the element Additional Paid In Capital, Common Stock. For APIC associated with only preferred stock, use the element Additional Paid In Capital, Preferred Stock.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 31
-Article 5
falsefalse42false0us-gaap_RetainedEarningsAccumulatedDeficitus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalse
false16246050001624605falsefalsefalsefalsefalse2truefalsefalse15022420001502242falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cumulative amount of the reporting entity's undistributed earnings or deficit.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 31
-Article 5
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3
falsefalse43false0us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1truefalsefalse-22342000-22342falsefalsefalsefalsefalse2truefalsefalse2059700020597falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryAccumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at fiscal year-end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, and unrealized gains and losses on certain investments in debt and equity securities as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 26
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 31
-Article 5
falsefalse44false0us-gaap_MinorityInterestus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefals
efalse111879000111879falsefalsefalsefalsefalse2truefalsefalse114252000114252falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryTotal of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 27
-Article 5
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 20
-Article 7
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 26
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A3
-Appendix A
truefalse45false0us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse22050320002205032falsefalsefalsefalsefalse2truefalsefalse21263400002126340falsefalsefalsefalsefalse
Cells>Monetaryxbrli:monetaryItemTypemonetaryTotal of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 25
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 26
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A3
-Appendix A
truefalse46false0us-gaap_LiabilitiesAndStockholdersEquityus-gaaptruecreditinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse39735330003973533falsetruefalsefalsefalse2truefalsefalse39113340003911334falsetruefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryTotal of all Liabilities and Stockholders' Equity items.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 32
-Article 5
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 25
-Article 7
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IDEA: Supplemental Cash Flow Information
2.2.0.25falsefalse00960 - Disclosure - Supplemental Cash Flow Informationtruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
MeasureNamespace>iso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_SupplementalCashFlowInformationAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_CashFlowSupplementalDisclosuresTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">7.       Supplemental Cash Flow Information</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following table summarizes supplemental cash flow information: </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 475px; border-bottom-style:solid;bor
der-bottom-width:2px;text-align:left;border-color:#000000;min-width:475px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New
Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 475px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:475px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest payments</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FON
T-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,083</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">43,010</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Ro
man;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">63,851</font></td></tr><tr style="height: 17px"><td style="width: 475px; text-align:left;border-color:#000000;min-width:475px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Income tax payments</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">55,991</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"&g
t; </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">8,719</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">80,765</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On June 28, 2008, we entered into a transaction with GE that was accounted for as an acquisition of an 80.1 percent ownership interest in GE's global water softener and residential water filtration business in
exchange for a 19.9 percent interest in our global water softener and residential water filtration business. The transaction is more fully described in Note 2. </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Acquisitions.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>7.       Supplemental Cash Flow Information The following table summarizes supplemental cash flow information: InfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDesignated to encapsulate the entire footnote disclosure that provides information on the supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 32
falsefalse12Supplemental Cash Flow InformationUnKnownUnKnownUnKnownUnKnownfalsetrueXML
26
R15.xml
IDEA: Accumulated Other Comprehensive Income (Loss)
2.2.0.25falsefalse00970 - Disclosure - Accumulated Other Comprehensive Income (Loss)truefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
MeasureNamespace>iso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTy
pestringNo definition available.falsefalse3false0pnr_AccumulatedOtherComprehensiveIncomeLosspnrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 529px; text-align:left;border-color:#000000;min-width:529px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">8.   Accumulated Other Comprehensive Income (Loss)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align
:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 4px"><td style="width: 529px; text-align:left;border-color:#000000;min-width:529px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 17px"><td colspan="6" style="width: 783px; text-align:left;border-color:#000000;min-width:783px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Components of accumulated other comprehensive income (loss) consists of the following:</font></td></tr><tr style="hei
ght: 4px"><td style="width: 529px; text-align:left;border-color:#000000;min-width:529px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 17px"><td style="width: 529px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:529px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;">&#
160;</td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 529px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:529px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Retirement
liability adjustments, net of tax</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(71,210)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;CO
LOR: #000000;TEXT-ALIGN: right;">(58,448)</font></td></tr><tr style="height: 17px"><td style="width: 529px; text-align:left;border-color:#000000;min-width:529px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Cumulative translation adjustments</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">58,184</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">88,671</font></td></tr><tr sty
le="height: 17px"><td style="width: 529px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:529px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Market value of derivative financial instruments, net of tax</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(9,316)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;bor
der-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(9,626)</font></td></tr><tr style="height: 17px"><td style="width: 529px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:529px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Accumulated other comprehensive income (loss)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#00
0000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(22,342)</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">20,597</font></td></tr></table></div>8.   Accumulated Other Comprehensive Income (Loss)         Component
s of accumulated otherfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringNo definition available.No authoritative reference available.falsefalse12Accumulated Other Comprehensive Income (Loss)UnKnownUnKnownUnKnown
UnKnownfalsetrueXML
27
R24.xml
IDEA: Selected Quarterly Financial Data (Unaudited)
2.2.0.25falsefalse01080 - Disclosure - Selected Quarterly Financial Data (Unaudited)truefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
MeasureNamespace>iso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_SelectedQuarterlyFinancialInformationAbstractus-gaaptruenadurationNo definition available.falsefalse<
/IsSegmentTitle>falsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_QuarterlyFinancialInformationTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="15" style="width: 732px; text-align:left;border-color:#000000;min-width:732px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">17.  Selected Quarterly Financial Data (Unaudited)</font></td></tr><tr style="height: 9px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> 
</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;bord
er-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td colspan="15" style="width: 732px; text-align:left;border-color:#000000;min-width:732px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The following table represents the 2010 quarterly financial information:</font></td></tr><tr style="height: 9px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px;
text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&a
mp;#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="13" style="width: 376px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:376px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min
- -width:341px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands, except per-share data</font><sup></sup></td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">First </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE
: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Second </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Third </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:64px;"><font
style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fourth </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="2" style="width: 75px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Year </font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net sales</font><sup></sup></td><td styl
e="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">707,013</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;mi
n-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">796,167</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">773,735</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;bor
der-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">753,858</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAM
ILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">3,030,773</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross profit</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">213,702</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;">
<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">248,168</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">236,542</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">232,228</font></td><td style="width: 15px
; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">930,640</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Operating income</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">63,601</font></td>&l
t;td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">100,126</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">90,823</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border
- -color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">79,605</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">334,155</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Income from continuing operations</font><sup></sup></td><td s
tyle="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">36,029</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">61,612</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#0
00000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">55,729</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">49,577</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">202,947</font></td><
;/tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gain (loss) on disposal of discontinued operations, net of tax</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">524</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLO
R: #000000;TEXT-ALIGN: right;">593</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">549</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(2,292)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> <
;/td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(626)</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net income from continuing operations attributable</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;
border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td&g
t;<td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> to Pentair, Inc.</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">34,797</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px
;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">60,488</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">54,501</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">48,668</font></td><td style="width: 1
5px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">198,454</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Earnings per common share attributable to Pentair, Inc.</font><sup> (1)</sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;bor
der-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td>&
lt;td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Basic</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000
;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr
style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Continuing operations</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.35</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><
;td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.61</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.55</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALI
GN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.50</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2.02</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE:
10pt;COLOR: #000000;TEXT-ALIGN: left;">Discontinued operations</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.01</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times Ne
w Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.01</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.01</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-b
ottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.02)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.01)</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-widt
h:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Basic earnings per common share</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.36</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="wi
dth: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.62</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Ro
man;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.56</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3p
x;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.48</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2.01</font></td></tr><tr
style="height: 17px"><td style="width: 341px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Diluted</font><sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-wi
dth:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="wi
dth: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Continuing operations</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:
49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.35</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.61</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-
align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.55</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.49</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font>&l
t;/td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2.00</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Discontinued operations</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.01</font></td><td style="width: 15px; bo
rder-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style
="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.02)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><t
d style="width: 60px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(0.01)</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Diluted earnings per common share</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; border-top-style:solid;bor
der-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.36</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TE
XT-ALIGN: right;">0.61</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.55</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#0
00000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.47</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000
000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1.99</font></td></tr><tr style="height: 9px"><td style="width: 341px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-styl
e:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><
;td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 35px"><td colspan="15" style="width: 732px; text-align:left;border-color:#000000;min-width:732px;"><sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> (1)</font&g
t;</sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amounts may not total to annual earnings because each quarter and year are calculated separately based on basic and diluted weighted-average common shares outstanding during that period.</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> <
;/td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td col
span="15" style="width: 732px; text-align:left;border-color:#000000;min-width:732px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The following table represents the 2009 quarterly financial information:</font></td></tr><tr style="height: 9px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; te
xt-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;bor
der-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="13" style="width: 376px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:376px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands, except per-share data</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td>&l
t;td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">First </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: cen
ter;">Second </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Third </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style
:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:49px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fourth </font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-a
lign:center;border-color:#000000;min-width:60px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Year </font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net sales</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">633,840<
/font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">693,712</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SI
ZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">662,665</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">702,251</font></td><td style="width:
15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">2,692,468</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross profit</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&
amp;#160;</td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">169,232</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">196,479</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-
SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">206,967</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">212,457</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">785,135</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-
align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Operating income</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,214</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">63,560</font></td><td style="width: 15px; text-align:right;border-
color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">66,682</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">52,492</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td
><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">219,948</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Income from continuing operations</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,721</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#00
0000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,427</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">38,677</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMIL
Y: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">27,394</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">116,219</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gain (loss) on disposal of discontinued operations, net of tax</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:ri
ght;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">10</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(78)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(85)</font><
/td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">134</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(19)</font></td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY
: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net income from continuing operations attributable to</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"> 
;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> to Pentair, Inc.</font><sup></sup></td><td style="width: 15px; text-align:right;border-color:#000000;min
- -width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,255</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,006</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times
New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,033</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">29,218</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">115,512</font></td></tr><tr style="height: 17px"><td style="width
: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Earnings per common share attributable to Pentair, Inc.</font><sup> (1)</sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#
160;</td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left
;">Basic</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td>&l
t;td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Continuing operations</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font
></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.18</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.33</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR
: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.38</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.30</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FA
MILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1.19</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Discontinued operations</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR
: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:sol
id;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;bord
er-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Basic earnings per common share</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #00
0000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.18</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color
:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.33</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.38</font></td><td style="width: 15px; border-top-style:sol
id;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.30</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid
;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1.19</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Diluted</font><sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;borde
r-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:do
uble;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:60px;"> </td>
</tr><tr style="height: 17px"><td style="width: 341px; text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Continuing operations</font><sup></sup></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.18</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font
></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.33</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.38</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR
: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.29</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1.17</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New
Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Discontinued operations</font><sup></sup></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font sty
le="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td&g
t;<td style="width: 49px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">—</font></td></tr><tr style="height: 17px"><td style="width: 341px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:
3px;text-align:left;border-color:#000000;min-width:341px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Diluted earnings per common share</font><sup></sup></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.18</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-widt
h:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.33</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:
15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.38</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:2p
x;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.29</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;
">1.17</font></td></tr><tr style="height: 9px"><td style="width: 341px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:341px;"> <sup></sup></td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td sty
le="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 49px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:49px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15
px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 60px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:60px;"> </td></tr><tr style="height: 35px"><td colspan="15" style="width: 732px; text-align:left;border-color:#000000;min-width:732px;"><sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> (1)</font></sup><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amounts may not total to annual earnings because each quarter and year are calculated separately based on basic and diluted weighted-average common shares outstanding during that period.</font></td></tr></table></div>17.  Sele
cted Quarterly Financial Data (Unaudited)               ThefalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element can be used to disclose the entire quarterly financial data disclosure in the annual financial statements as a single block of text. The disclosure includes a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items
and cumulative effect of a change in accounting principle and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Alternatively, the details of this disclosure can be reported using the elements in this group, or by using other taxonomy elements and applying the appropriate quarterly date and period contexts when creating an instance document. For example, the element for "Interest and Dividend Income, Operating" may be used by financial institutions from the Statement of Income, applying the appropriate quarterly date and period context when creating an instance document.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section G
-Subsection 1
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-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 28
-Paragraph 23, 24
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-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 28
-Paragraph 30
-Subparagraph a-j
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-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 302
-Paragraph a
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28
R20.xml
IDEA: Shareholders' Equity
2.2.0.25falsefalse01030 - Disclosure - Shareholders' Equitytruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
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SimpleDataType>No definition available.falsefalse3false0pnr_ShareholdersequitytextblockpnrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">13</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.        </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Shareholders' Equ</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">ity</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Authorized shares</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">
;We may issue up to 250 million shares of common stock. Our Board of Directors may designate up to 15 million of those shares as preferred stock. On December 10, 2004, the Board of Directors designated a new series of preferred stock with authorization to issue up to 2.5 million shares, Series A Junior Participating Preferred Stock, par value $0.10 per share. No shares of preferred stock were issued or outstanding as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> or</font><font style="font-family:Times New Roman;font-size:10pt;"> December 31, 2009</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;fon
t-style:italic;margin-left:0px;">Purchase rights</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On December 10, 2004, our Board of Directors declared a dividend of one preferred share purchase right (a “Right”) for each outstanding share of common stock. The dividend was payable upon the close of business on January 28, 2005 to the shareholders of record upon the close of business on January 28, 2005. Each Right entitles the registered holder to purchase one one-hundredth of a share of Series A Junior Participating Preferred Stock, at a price of $240.00 per one one-hundredth of a share, subject to adjustment. However, the Rights are not exercisable unless certain change in control events occur, such as a person acquiring or obtaining the right to acquire beneficial ownership of 15% or more of our outstanding common stock. The description and term
s of the Rights are set forth in a Rights Agreement, dated December 10, 2004. The Rights will expire on January 28, 2015, unless the Rights are earlier redeemed or exchanged in accordance with the terms of the Rights Agreement. On January 28, 2005, the common share purchase rights issued pursuant to the Rights Agreement dated July 31, 1995 were redeemed in their entirety for an amount equal to $0.0025 per right.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Share repurchases</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In December 2007, the Board of Directors authorized the repurchase of shares of our common stock during 2008 up to a maximum dollar limit of $50 mill
ion. As of December 31, 2008, we had purchased 1,549,893 shares for $50.0 million pursuant to this authorization. This authorization expired on December 31, 2008. There were no share repurchase authorizations for 2009.</font><font style="font-family:Times New Roman;font-size:10pt;"> On July 27, 2010 the Board of Directors authorized the repurchase of shares of our common stock up to a maximum dollar limit of $25 million. As of December 31, 2010 we had repurchased 734,603 shares for $25 million pursuant to this plan. </font><font style="font-family:Times New Roman;font-size:10pt;">In December 2010, the Board of Directors authorized the repurchase of shares of our common stock during 20</font><font style="font-family:Times New Roman;font-size:10pt;">11</font><font style="font-family:Times New Roman;font-size:10pt;"> up to a maximum dollar limit of $25 million. The authorization expires December 2011.</font>&l
t;/p>13.        Shareholders' EquityAuthorized sharesWe may issue up to 250 million shares of common stock. Our Board offalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringNo definition available.No authoritative reference available.falsefalse12Shareholders' EquityUnKnownUnKnownUnKnownUnKnownfalsetrueXML
29
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IDEA: Consolidated Balance Sheets (Parentheticals)
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sefalseMonetaryxbrli:monetaryItemTypemonetaryA valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
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falsefalse0.1666666670.166666667falsetruefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalseEPSus-types:perShareItemTypedecimalFace amount or stated value of common stock per share; generally not indicative of the fair market value per share.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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ElementDataType>xbrli:sharesItemTypesharesTotal number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Excludes common shares repurchased by the entity and held as Treasury shares. Shares outstanding equals shares issued minus shares held in treasury. Does not include common shares that have been repurchased.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
-Section 04
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-Number 210
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30
R16.xml
IDEA: Debt
2.2.0.25falsefalse00980 - Disclosure - Debttruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
MeasureNamespace>iso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0pnr_DebtAbstractpnrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_DebtDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1fals
efalsefalse00<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="8" style="width: 715px; text-align:left;border-color:#000000;min-width:715px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">9. Debt</font></td></tr><tr style="height: 17px"><td colspan="8" style="width: 715px; text-align:left;border-color:#000000;min-width:715px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> Debt and the average interest rates on debt outstanding are summarized as follows:</font></td></tr><tr style="height: 22px"><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-wi
dth:9px;"> </td><td style="width: 287px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:287px;"> </td><td style="width: 135px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Average</font></td><td style="width: 85px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; text-align:left;background-color:
#FFFFFF;border-color:#000000;min-width:85px;"> </td></tr><tr style="height: 17px"><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 287px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:287px;"> </td><td style="width: 135px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">interest rate</font></td><td style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Maturity</font></td><td style="width: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;">&
;#160;</td><td style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 18px"><td colspan="2" style="width: 296px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">In thousa
nds</font></td><td style="width: 135px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2010</font></td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">(Year)</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="F
ONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 296px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Revolving credit facilities</font></td><td style="width: 135px; text-align:center;background-color:#FFFFFF;border-color:#000
000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">0.89%</font></td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2012</font></td><td style="width: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 97,500</font></td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;CO
LOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 198,300</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 296px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Private placement - fixed rate</font></td><td style="width: 135px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">5.65%</font></td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR:
#000000;TEXT-ALIGN: right;">2013-2017</font></td><td style="width: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 400,000</font></td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 400,000</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 296px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEX
T-ALIGN: left;">Private placement - floating rate</font></td><td style="width: 135px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">0.84%</font></td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2012-2013</font></td><td style="width: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 205,000</font></td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13
px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 205,000</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 296px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Other</font></td><td style="width: 135px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">4.36%</font></td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#
000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2012-2016</font></td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 4,972</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR
: #000000;"> 2,337</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 296px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Total debt, including current portion per balance sheet</font></td><td style="width: 135px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:135px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; border-top-style:solid;border-to
p-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 707,472</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 805,637</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 296px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Less: Current maturities</font></td><td style="width: 135px; text-align:left;background-col
or:#FFFFFF;border-color:#000000;min-width:135px;"> </td><td style="width: 85px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 16px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (18)</font></td><td style="width: 13px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (81)</font></td></tr><tr style="height: 17px"><td style="width: 9px; border-bottom-style:solid;border-bottom
- -width:1px;text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 287px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:287px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Short-term borrowings</font></td><td style="width: 135px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:135px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 16px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:r
ight;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (4,933)</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (2,205)</font></td></tr><tr style="height: 18px"><td colspan="2" style="width: 296px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:296px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Long-term debt</font&g
t;</td><td style="width: 135px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:135px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:85px;"> </td><td style="width: 16px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="F
ONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 702,521</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 803,351</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have a multi-currency revolving Credit Faci
lity (“Credit Facility”). The Credit Facility creates an unsecured, committed revolving credit facility of up to $800 million, with multi-currency sub facilities to support investments outside the </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> The Credit Facility expires on June 4, 2012. Borrowings under the Credit Facility bear interest at the rate of LIBOR plus 0.625%. Interest rates and fees on the Credit Facility vary based on our credit ratings.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We are authorized to sell short-term commercial paper notes to the extent availability exists under the Credit Facility. We use the Credit Facility as back-up liquidity to support 100% of commercial paper ou
tstanding. Our use of commercial paper as a funding </font><font style="font-family:Times New Roman;font-size:10pt;">vehicle depends upon the relative interest rates for our paper compared to the cost of borrowing under our Credit Facility. </font><font style="font-family:Times New Roman;font-size:10pt;">As of December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and December 31, 2009 we</font><font style="font-family:Times New Roman;font-size:10pt;"> had no</font><font style="font-family:Times New Roman;font-size:10pt;"> outstanding commercial paper. </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Total availability under our existing Credit Facility was $</
font><font style="font-family:Times New Roman;font-size:10pt;">702.5</font><font style="font-family:Times New Roman;font-size:10pt;"> million a</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> of December 31, 2010, which </font><font style="font-family:Times New Roman;font-size:10pt;">was</font><font style="font-family:Times New Roman;font-size:10pt;"> not limited by</font><font style="font-family:Times New Roman;font-size:10pt;"> any of </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> credit agreement's </font><font style="font-family:Times New Roman;font-size:10pt;">financial</font><font style="font-family:Times New Roman;font-size:10pt;"> covenant</font><font style="font-family:Times New Roman;font-size:10
pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> as of that date.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In addition to the Credit Facility, we </font><font style="font-family:Times New Roman;font-size:10pt;">have $</font><font style="font-family:Times New Roman;font-size:10pt;">40.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> of uncommitted credit facilities, under which we </font><font style="font-family:Times New Roman;font-size:10pt;">had $</font><font style="font-family:Times New Roman;font-size:10pt;">4.8</font><font style="font-family:Times New Ro
man;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> of borrowings as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Our debt agreements contain certain financial covenants, the most restrictive of which is a leverage ratio (total consolidated indebtedness, as defined, over consolidated EBITDA, as defined) that may not exceed 3.5 to 1.0. We were in compliance with all financial covenants in our debt agreements as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><
;p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On July 8, 2008, we commenced a cash tender offer for all of our outstanding $250 million aggregate principal of 7.85% Senior Notes due 2009 (the “Notes”). Upon expiration of the tender offer on August 4, 2008, we purchased $116.1 million aggregate principal amount of the Notes. As a result of this transaction, we recognized a loss of $4.6 million on early extinguishment of debt in 2008. The loss included the write off of $0.1 million in unamortized deferred financing fees in addition to recognition of $0.6 million in previously
unrecognized swap gains</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> cash paid of $5.1 million related to the tender premium and other costs associated with the purchase.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On March 16, 2009, we announced the redemption of all of our remaining outstanding $133.9 million aggregate principal</font><font style="font-family:Times New Roman;font-size:10pt;"> of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Notes</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:1
0pt;">The Notes were redeemed on April 15, 2009 at a redemption price of $1,035.88 per $1,000 of principal outstanding plus accrued interest thereon. </font><font style="font-family:Times New Roman;font-size:10pt;">As a result of this transaction, we recognized a loss of $4.8 million on early extinguishment of debt in the second quarter of 2009. The loss included the write off of $0.1 million in unamortized deferred financing fees in addition to recognition of $0.3 million in previously unrecognized swap gains</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> cash paid of $5.0 million related to the redemption and other costs associated with the purchase.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Debt outst
anding at </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> matures on a calendar year basis as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 58px; text-align:left;border-color:#000000;min-width:58px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </t
d><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; text-align:left;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; text-align:left;borde
r-color:#000000;min-width:57px;"> </td></tr><tr style="height: 18px"><td style="width: 216px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:216px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 58px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#
000000;min-width:15px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> <
/td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2015</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; borde
r-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Thereafter</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td></tr><tr style="height: 7px"><td style="width: 216px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:216px;"> </td><td style="width: 15px; bor
der-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 58px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:58px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:57px;"> </td
><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:57px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;m
in-width:57px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 57px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:57px;"> </td></tr><tr style="height: 18px"><td style="width: 216px; border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:216px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Contractual debt obligation maturities</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></t
d><td style="width: 58px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 4,951</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 202,517</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-
FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 200,003</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:
right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 300,000</font>
;</td><td style="width: 15px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 57px; border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:57px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 707,472</font></td></tr></table></div>9. Debt Debt and the average interest rates on debt outstanding are summarized asfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringInformation about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 19, 20, 22
-Article 5
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 4
falsefalse12DebtUnKnownUnKnownUnKnownUnKnownfalsetrueXML
31
R9.xml
IDEA: Acquisitions
2.2.0.25falsefalse00910 - Disclosure - Acquisitionstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
MeasureNamespace>iso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0pnr_AcquisitionspnrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_BusinessCombinationDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">2.       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Acquisitions </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On June 28, 2008, we entered into a transaction with GE Water & Process Technologies (a unit of General Electric Company) (“GE”) that was accounted for as an acquisition of an 80.1 percent ownership interest in GE's global water softener and residential water filtration business in exchange for a 19.9 percent interest
in our global water softener and residential water filtration business. The acquisition was effected through the formation of two new entities (collectively, “Pentair Residential Filtration” or “PRF”), a </font><font style="font-family:Times New Roman;font-size:10pt;">U.S.</font><font style="font-family:Times New Roman;font-size:10pt;"> entity and an international entity, into which we and GE contributed certain assets, properties, liabilities and operations representing our respective global water softener and residential water filtration businesses. We are an 80.1 percent owner of PRF and GE is a 19.9 percent owner. The fair value of the acquisition was $229.2 million, which includes approximately $3.3 million of acquisition related costs. The acquisition and related sale of our 19.9 percent interest resulted in a gain of $109.6 million ($85.8 million after tax), represen
ting the difference between the carrying amount and the fair value of the 19.9 percent interest sold.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">With the formation of Pentair Residential Filtration, we believe we are better positioned to serve residential customers with industry-leading technical applications in the areas of water conditioning, whole-house filtration, point of use water management and water sustainability and expect to accelerate revenue growth by selling GE's existing residential conditioning products through our sales channels.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The fair value of the 80.1</font><font style="f
ont-family:Times New Roman;font-size:10pt;"> percent </font><font style="font-family:Times New Roman;font-size:10pt;">interest in the global water softener and residential water filtration business of GE acquired was determined using both an income approach and a market approach. The income approach utilizes a discounted cash flow analysis based on certain key assumptions including a discount rate based on a computed weighted average cost of capital and expected long-term revenue and expense growth rates. The market approach indicates the fair value of a business based on a comparison of the business to guideline publicly traded companies and transactions in its industry.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The fair value of the business acquired was allocated to the assets acquired and liabilities assumed ba
sed on their estimated fair values. The excess of the fair value acquired over the identifiable assets acquired and liabilities assumed is reflected as goodwill. Goodwill recorded as part of the purchase price allocation was approximately $137.9 million, none of which is tax deductible. Identifiable intangible assets acquired as part of the acquisition were $66.5 million, including definite-lived intangibles, such as customer relationships, proprietary technology and trade names with a weighted average amortization period of approximately 15 years.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following pro forma consolidated condensed financial results of operations for the year ended December 31, 2008 is presented as if the acquisition had been completed at the beginning of the period present
ed:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 642px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands, except share and per-share data</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:63px;"> </td></tr><tr style="height: 17px"><td style="width: 642px; border-top-style:solid;border-top-width:2px;text-align:left;bor
der-color:#000000;min-width:642px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Pro forma net sales from continuing operations</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 63px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 3,406,449</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Pro forma net income from continuing operations</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-wid
th:15px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 256,363</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Pro forma net income </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 228,734</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">
Pro forma earnings per common share - continuing operations</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Basic</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2.62</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color
:#000000;min-width:642px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Diluted</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2.59</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;">
<font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Weighted average common shares outstanding</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;"> </td></tr><tr style="height: 17px"><td style="width: 642px; text-align:left;border-color:#000000;min-width:642px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Basic</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 97,887</font></td></tr><tr style="height: 17px"><td style="width: 642px; text-align:
left;border-color:#000000;min-width:642px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Diluted</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 99,068</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">These pro forma consolidated condensed financial results have been prepared for comparative purposes only and include certain adjustments. The adjustments do not reflect the effect of synergies that would have been expected to result from the integration of this acquisition. The pro forma information does no
t purport to be indicative of the results of operations that actually would have resulted had the combination occurred on January 1, or of future results of the consolidated entities.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>2.       Acquisitions On June 28, 2008, we entered into a transaction with GE Water & Process Technologies (afalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDescription of a busin
ess combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. This element may be used as a single block of text to encapsulate the entire disclosure (including data and tables) regarding business combinations, including leverage buyout transactions (as applicable).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51, 52
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 88-16
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 67-73
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph F4
-Subparagraph e
-Appendix F
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32
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-Number 51
-Paragraph 25
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-Number 51
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-Name Emerging Issues Task Force (EITF)
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-Name Regulation S-X (SX)
-Number 210
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-Number 51
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-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 30
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-Name Accounting Research Bulletin (ARB)
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-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 24
-Subparagraph b
Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 19, 26
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Monetaryxbrli:monetaryItemTypemonetaryNet of tax effect change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges, after taxes, that is attributable to the parent entity. A cash flow hedge is a hedge of the exposure to variability in the cash flows of a recognized asset or liability or a forecasted transaction that is attributable to a particular risk. The change includes an entity's share of an equity investee's increase (decrease) in deferred hedging gains or losses.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
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efalseMonetaryxbrli:monetaryItemTypemonetaryThe after-tax amount of the change in the additional pension liability not yet recognized pursuant to FAS 87 par 37 and 38 as a net periodic pension cost. If the additional pension liability required to be recognized exceeds the unrecognized prior service costs, then the excess (which is the net loss not yet recognized as net periodic pension cost) is to be recorded as a reduction of other comprehensive income, before adjusting for tax effects. If in a subsequent measurement, the amount of minimum liability is eliminated or adjusted, this adjustment is offset against other comprehensive income in Accumulated Comprehensive Income. This line also includes changes in an entity's share of an equity investee's increase (decrease) in additional pension liability not yet recognized as
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 19, 20-25
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
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-Name Statement of Financial Accounting Standard (FAS)
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Monetaryxbrli:monetaryItemTypemonetaryThe change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A5
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 30
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-Number 51
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Monetaryxbrli:monetaryItemTypemonetaryTax benefit associated with any share-based compensation plan other than an employee stock ownership plan (ESOP). The tax benefit results from the deduction by the entity on its tax return for an award of stock that exceeds the cumulative compensation cost for common stock or preferred stock recognized for financial reporting. Includes any resulting tax benefit that exceeds the previously recognized deferred tax asset (excess tax benefits).Reference 1: http://www.xbrl.org/2003/role/presentationRef
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/Unit>xbrli:sharesItemTypesharesNumber of shares issued during the period as a result of any share-based compensation plan other than an employee stock ownership plan (ESOP).Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
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hasScenarios>falseMonetaryxbrli:monetaryItemTypemonetaryValue of stock issued during the period as a result of any share-based compensation plan other than an employee stock ownership plan (ESOP).Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
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-Paragraph 29, 30, 31
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
-Section 02
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DisplayZeroAsNone>00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.No authoritative reference available.falsefalse43false0us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestus-gaaptruecreditinstantNo definition available.falsefalsefalsetruefalsefalsefalsefalsetruefalseperiodendlabelinstant2009-12-31T00:00:000001-01-01T00:00:001truefalsefalse1644200016442falsefalsefalsetruefalse2truefalsefalse472807000472807falsefalsefalsetruefalse3truefalsefalse15022420001502242falsefalsefalsetruefalse4true
falsefalse2059700020597falsefalsefalsetruefalse5truefalsefalse20120880002012088falsefalsefalsetruefalse6truefalsefalse114252000114252falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8tru
efalsefalse21263400002126340falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryTotal of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is
sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 25
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 26
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A3
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estringNo definition available.falsefalse45false0us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterestus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3truefalsefalse197828000197828falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5truefalsefalse197828000197828falsefalsefalsetruefalse6truefalsefalse44930004493falsefalsefalsetruefalse7truefalsefalse197828000197828falsefalsefalsetruefalse8truefalsefalse202321000202321falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThis element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
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/Id>truefalsefalse-30487000-30487falsefalsefalsetruefalse6truefalsefalse-2219000-2219falsefalsefalsetruefalse7truefalsefalse-30487000-30487falsefalsefalsetruefalse8truefalsefalse-32706000-32706falsefalsefalsefalsefalse<
/hasScenarios>Monetaryxbrli:monetaryItemTypemonetaryAdjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity, net of tax.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 52
-Paragraph 13, 20, 31
Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 24
-Subparagraph b
Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 19, 26
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-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
-Number 51
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uefalse5truefalsefalse-12762000-12762falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7truefalsefalse-12762000-12762falsefalsefalsetruefalse8truefalsefalse-12762000-12762falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe after-tax amount of the change in the additional pension liability not yet recognized pursuant to FAS 87 par 37 and 38 as a net periodic pension cost. If the additional pension liability required to be recognized exceeds the unrecognized prior service costs, then the excess (which is the net loss not yet recognized as net periodic pension cost) is to be recorded as a reduction of other comprehensive income, before adjusting for tax effects. If in a subsequent measurement, the amount of minimum liability is eliminated or adjusted, this adjustment is offset against other comprehensive income in Accumulated Comprehensive Income. This line also includes changes in an entity's share of an equity investee's increase (decrease) in additional pension liabili
ty not yet recognized as a net periodic pension cost. Eliminated upon adoption of FAS 158.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph c(5)
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 19, 20-25
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 158
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Monetaryxbrli:monetaryItemTypemonetaryThe change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A5
-Appendix A
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 30
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
-Number 51
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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
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-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(2)
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5truefalsefalse21710002171falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse21710002171falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryTax benefit associated with any share-based compensation plan other than an employee stock ownership plan (ESOP). The tax benefit results from the deduction by the entity on its tax return for an award of stock that exceeds the cumulative compensation cost for common stock or preferred stock recognized for financial reporting. Includes any resulting tax benefit that exceeds the previously recognized deferred tax asset (excess tax benefits).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 62
falsefalse54false0us-gaap_StockRepurchasedAndRetiredDuringPeriodSharesus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1truefalsefalse-726777-726777falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of shares that have been repurchased and retired during the period.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30
-Article 5
falsefalse55false0us-gaap_StockRepurchasedAndRetiredDuringPeriodValueus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1truefalsefalse-121000-121falsefalsefalsetruefalse2truefalsefalse-24591000-24591falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5truefalsefalse-24712000-24712falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse-24712000-24712falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryValue of stock that has been repurchased and retired during the period. The excess of the purchase price over par value can be charged against retained earnings (once the excess is fully allocated to additional paid in capital).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5
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IsRatio>falsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalse<
/IsRatio>false00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of shares issued during the period as a result of any share-based compensation plan other than an employee stock ownership plan (ESOP).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30
-Article 5
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 5
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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64
falsefalse58false0us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeituresus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1truefalsefalse-4122-4122falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of shares issued during the period related to Restricted Stock Awards, net of any shares forfeited.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30
-Article 5
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 4, 5
falsefalse59false0us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeituresus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1truefalsefalse-1000-1falsefalsefalsetruefalse2truefalsefalse707000707falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5truefalsefalse706000706falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse706000706falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryValue of stock related to Restricted Stock Awards issued during the period, net of the stock value of such awards forfeited.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph A240
-Subparagraph b
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falsefalsefalseverboselabel1truefalsefalse-166746-166746falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNo definition available.No authoritative reference available.falsefalse62false0pnr_SharesSurrenderedByEmployeespnrfalsecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1truefalsefalse-28000-28falsefalsefalsetruefalse2truefalsefalse-5663000-5663falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5truefalsefalse-5691000-5691falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse-5691000-5691falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryNo definition available.No authoritative reference available.falsefalse63false0pnr_StockCompensationpnrfalsecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsetruefalse2truefalsefalse1070300010703falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5truefalsefalse1070300010703falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse1070300010703falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryNo definition available.No authoritative reference available.falsefalse64false0us-gaap_SharesIssuedus-gaaptruenainstantNo definition available.falsefalsefalsetruefalsefalsefalsefalsetruefalseperiodendlabelinstant2010-12-31T00:00:000001-01-01T00:00:001truefalsefalse<
/DisplayZeroAsNone>9840919298409192falsefalsefalsetruefalse2falsefalsefalse00falsefalsefalsetruefalse3falsefalsefalse00falsefalsefalsetruefalse4falsefalsefalse00falsefalsefalsetruefalse5falsefalsefalse<
/DisplayZeroAsNone>00falsefalsefalsetruefalse6falsefalsefalse00falsefalsefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8falsefalsefalse00falsefalsefalsefalsefalseSharesxbrli:sharesItemTypesharesNumber of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury.No authoritative reference available.falsefalse65false0us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestus-gaaptruecreditinstantNo definition available.falsefalsefalsetruefalsefalsefalsefalsetruefalseperiodendlabelinstant2010-12-31T00:00:000001-01-01T00:00:001truefalsefalse1640100016401falsetruefalsetruefalse2truefalsefalse474489000474489falsetruefalsetruefalse3truefalsefalse16246050001624605falsetruefalsetruefalse4truefalsefalse-22342000-22342falsetruefalsetruefalse5truefalsefalse20931530002093153falsetruefalsetruefalse6tru
efalsefalse111879000111879falsetruefalsetruefalse7falsefalsefalse00falsefalsefalsetruefalse8truefalsefalse22050320002205032falsetruefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryTotal of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests
is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 25
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 26
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A3
-Appendix A
falsefalse862Consolidated Statements of Changes in Shareholders Equity (USD $)ThousandsNoRoundingUnKnownUnKnownfalsetrueXML
33
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IDEA: Consolidated Statements of Cash Flows
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USD ($)
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USD ($) / shares
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USD ($)
USD ($) / shares
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alsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalse3falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringThe net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities include all transactions and events that are not defined as investing or financing activities. Operating activities generally involve producing and delivering goods and providing services. Cash flows from operating activities are generally the cash effects of transactions and other events that enter into the determination of net income.falsefalse4false0us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterestus-gaaptruecreditduration<
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
falsefalse5true0us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalse3fals
efalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse6false0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalse3truefalsefalse57830005783falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThis element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items and the cumulative effect of accounting changes before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.Reference
1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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-Article 7
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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 15
-Article 5
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43
Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 144
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-Subparagraph c
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cost to sell), but not in excess of the cumulative loss previously recognized through write-downs.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 144
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-Name Statement of Financial Accounting Standard (FAS)
-Number 144
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ruefalsefalse30410003041falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThis item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. Such amount typically reflects adjustments similar to those made in preparing consolidated statements, including adjustments to elimina
te intercompany gains and losses, and to amortize, if appropriate, any difference between cost and underlying equity in net assets of the investee at the date of investment.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Principles Board Opinion (APB)
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-Subparagraph c
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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
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-Article 7
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 9
-Article 5
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 18
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 5
falsefalse10false0us-gaap_AdjustmentForAmortizationus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse2618400026184falsefalsefalsefalsefalse2truefalsefalse4065700040657falsefalsefalsefalsefalse3truefalsefalse2760800027608falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of intangible assets over their estimated remaining economic lives.No authoritative reference available.falsefalse11false0us-gaap_DeferredIncomeTaxExpenseBenefitus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse2945300029453falsefalsefalsefalsefalse2truefalsefalse3061600030616falsefalsefalsefalsefalse3truefalsefalse4075400040754falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe component of income tax expense for the period representing the net change in the entity's deferred tax assets and liabilities pertaining to continuing operations.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section I
-Subsection 7
Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 45
-Subparagraph b
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-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 289
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4
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IsRatio>false2057200020572falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock options, amortization of restricted stock, and adjustment for officers compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.Reference 1: http://www.xbrl.
org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
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DisplayZeroAsNone>-2686000-2686falsefalsefalsefalsefalse2truefalsefalse-1746000-1746falsefalsefalsefalsefalse3truefalsefalse-1617000-1617falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryReductions in the entity's income taxes that arise when compensation cost (from non-qualified stock options) recognized on the entity's tax return exceeds compensation cost from non-qualified stock options recognized on the income statement. This element increases net cash provided by operating activities.Reference 1: http://www.xbrl.org/2003/role/presentationRe
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-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
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efalsefalse510000510falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe gains and losses included in results of operations resulting from the sale or disposal of other assets not otherwise defined.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 144
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falsefalse15false0pnr_GainOnSaleOfInterestInSubsidiariespnrfalsecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalse3truefalsefalse-109648000-109648falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryNo definition available.No authoritative reference available.falsefalse16true0us-gaap_IncreaseDecreaseInOperatingCapitalAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalse
ShowCurrencySymbol>falsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalse3falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse17false0us-gaap_IncreaseDecreaseInAccountsReceivableus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-62344000-62344falsefalsefalsefalsefalse2truefalsefalse1130700011307falsefalsefalsefalsefalse3truefalsefalse-18247000-18247falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetary
The net change during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
falsefalse18false0us-gaap_IncreaseDecreaseInInventoriesus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-44495000-44495falsefalsefalsefalsefalse2truefalsefalse6668400066684falsefalsefalsefalsefalse3truefalsefalse-33311000-33311falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net change during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
falsefalse19false0us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssetsus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefal
sefalse27770002777falsefalsefalsefalsefalse2truefalsefalse1620200016202falsefalsefalsefalsefalse3truefalsefalse-27394000-27394falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net change during the reporting period in the value of this group of assets within the working capital section.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
falsefalse20false0us-gaap_IncreaseDecreaseInAccountsPayableus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse5532100055321falsefalsefalsefalsefalse2truefalsefalse-13822000-13822falsefalsefalsefalsefalse3truefalsefalse-1973000-1973falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net change during the reporting period in the aggregate amount of obligations due within one year (or one business cycle). This may include trade payables, amounts due to related parties, royalties payable, and other obligations.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
falsefalse21false0us-gaap_IncreaseDecreaseInOtherEmployeeRelatedLiabilitiesus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1true
falsefalse2725200027252falsefalsefalsefalsefalse2truefalsefalse-22431000-22431falsefalsefalsefalsefalse3truefalsefalse-21919000-21919falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryChange in carrying value during the period of obligations incurred through and payable within one year (or in the operating cycle if longer) for employer-related costs not otherwise specified in the taxonomy.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
falsefalse22false0us-gaap_ProductWarrantyAccrualPeriodIncreaseDecreaseus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse80680008068falsefalsefalsefalsefalse2truefalsefalse-7440000-7440falsefalsefalsefalsefalse3tr
uefalsefalse-7286000-7286falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryTotal increases (decreases) in the standard and extended product warranty liability during the period.No authoritative reference available.falsefalse23false<
/IsAbstractGroupTitle>0us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayableus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse17910001791falsefalsefalsefalsefalse2truefalsefalse19720001972falsefalsefalsefalsefalse3truefalsefalse-4409000-4409falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net change during the period in the amount of cash payments due to taxing authorities for taxes that are based on the reporting entity's earnings.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
falsefalse24false0us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse561000561falsefalsefalsefalsefalse2truefalsefalse-21081000-21081falsefalsefalsefalsefalse3truefalsefalse89870008987falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net change during the reporting period in the aggregate amount of obligations and expenses incurred but not paid.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
falsefalse25false0us-gaap_PensionAndOtherPostretirementBenefitExpenseus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse-43024000-43024falsefalsefalsefalsefalse2truefalsefalse-39607000-39607falsefalsefalsefalsefalse3truefalse
IsRatio>false301000301falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for (1) defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain or loss on assets, prior service cost or credit, transition asset or obligation, and gain or loss d
ue to settlements or curtailments) and for (2) defined contribution plans (to the extent that a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net cost for a period shall be the contribution called for in that period; if a plan calls for contributions for periods after an individual retires or terminates, the estimated cost shall be accrued during the employee's service period).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph h
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 11
falsefalse26false0us-gaap_IncreaseDecreaseInOtherOperatingCapitalNetus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegatedtotal1truefalsefalse-9250000-9250falsefalsefalsefalsefalse2truefalsefalse-2141000-2141falsefalsefalsefalsefalse3truefalsefalse1817400018174falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryFor entities with classified balance sheets, the net change during the reporting period in the value of other assets or liabilities used in operating activities, that are not otherwise defined in the taxonomy. For entities with unclassified balance sheets, the net change during the reporting period in the value of all other assets or liabilities
used in operating activities.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
truefalse27false0us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1true
falsefalse270376000270376falsefalsefalsefalsefalse2truefalsefalse259900000259900falsefalsefalsefalsefalse3<
/Id>truefalsefalse212612000212612falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net cash from (used in) the entity's continuing operations. This element specifically EXCLUDES the cash flows derived by the entity from its discontinued operations, if any. This element is only to be used when the entity reports its cash flows attributable to discontinued operations separately from the cash flow provided by or u
sed in operating activities.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 26
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 26
-Footnote 10
truefalse28false0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperationsus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1falsefalsefalse00falsefalsefalsefalsefalse2truefalsefalse-1531000-1531falsefalsefalsefalsefalse3truefalsefalse-8397000-8397falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThis element represents cash provided by (used in) the operating activities of the entity's discontinued operations during the period. This element should only be used by those entities that separately report cash flows attributable to discontinued operations. If using this element, it is an indication that the cash flows
of the entity which are detailed in reconciling to cash provided by or used in operating activities reflect only cash flows attributable to continuing operations.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 26
truefalse29false0us-gaap_NetCashProvidedByUsedInOperatingActivitiesus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse270376000270376falsefalsefalsefalsefalse2truefalsefalse258369000258369falsefalsefalsefalsefalse3truefalsefalse204215000204215falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and ch
anges in value that are not defined as investing or financing activities.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 26
truefalse30true0us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalse3falsef
alsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse31false0us-gaap_PaymentsToAcquirePropertyPlantAndEquipmentus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-59523000-59523falsefalsefalsefalsefalse2truefalsefalse-54137000-54137falsefalsefalsefalsefalse3truefalsefalse-53089000-53089falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 15
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 17
-Subparagraph c
falsefalse32false0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipmentus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsefalse358000358falsefalsefalsefalsefalse2truefalsefalse12080001208falsefalsefalsefalsefalse3truefalsefalse47410004741falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 15
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 16
-Subparagraph c
falsefalse33false0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquiredus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1false
falsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalse3truefalsefalse-2027000-2027falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 15, 17
falsefalse34false0us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperationsus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalse2truefalsefalse15670001567falsefalsefalsefalsefalse3truefalsefalse3790700037907falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThis element represents cash provided by (used in) the investing activities of the entity's discontinued operations during the period. This element should only be used by those entities that separately report cash flows attributable to discontinued operations. If using this element, it is an indication that the cash flows of the entity which are detailed in reconciling t
o cash provided by or used in investing activities reflect only cash flows attributable to continuing operations.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 26
falsefalse35false0us-gaap_PaymentsForProceedsFromOtherInvestingActivitiesus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegatedtotal1truefals
efalse-1148000-1148falsefalsefalsefalsefalse2truefalsefalse-3224000-3224falsefalsefalsefalsefalse3truefalsefalse-12000-12falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net cash outflow (inflow) from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 15
truefalse36false0us-gaap_NetCashProvidedByUsedInInvestingActivitiesus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse-60313000-60313falsefalsefalsefalsefalse2truefalsefalse-54586000-54586falsefalsefalsefalsefalse3true
falsefalse-12480000-12480falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net cash inflow (outflow) from investing activity.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 26
truefalse37true0us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalse3falsef
alsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse38false0us-gaap_ProceedsFromShortTermDebtus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse27280002728falsefalsefalsefalsefalse2truefalsefalse22050002205falsefalsefalsefalsefalse3truefalsefalse-16994000-16994falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow from a borrowing having initial term of repayment within one year or the normal operating cycle, if longer.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 18
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 19
-Subparagraph b
falsefalse39false0us-gaap_ProceedsFromIssuanceOfLongTermDebtus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1truefalsef
alse703641000703641falsefalsefalsefalsefalse2truefalsefalse580000000580000falsefalsefalsefalsefalse3truefalse<
DisplayZeroAsNone>false715000000715000falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 18
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 19
-Subparagraph b
falsefalse40false0us-gaap_RepaymentsOfLongTermDebtus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalse<
DisplayZeroAsNone>false-804713000-804713falsefalsefalsefalsefalse2truefalsefalse-730304000-730304falsefalsefalsefalsefalse3truefalsefalse-805016000-805016falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 18
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 20
-Subparagraph b
falsefalse41false0us-gaap_PaymentsOfDebtIssuanceCostsus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-50000-50falsefalsefalsefalsefalse2truefalsefalse-50000-50falsefalsefalsefalsefalse3truefalse
IsRatio>false-114000-114falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 95-13
falsefalse42false0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivitiesus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1truefalsefalse26860002686falsefalsefalsefalsefalse2truefalsefalse17460001746falsefalsefalsefalsefalse3truefalsefalse16170001617falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryReductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from share-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph A240
-Subparagraph i
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 00-15
-Paragraph 3
falsefalse43false0us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptionsus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse99410009941falsefalsefalsefalsefalse2truefalsefalse82470008247falsefalsefalsefalsefalse<
/hasScenarios>3truefalsefalse55900005590falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryDisclosure of the aggregate tax benefit realized from the exercise of stock options and the conversion of similar instruments during the annual period.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph A240
-Subparagraph i
falsefalse44false0us-gaap_PaymentsForRepurchaseOfCommonStockus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-24712000-24712falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalse3tru
efalsefalse-50000000-50000falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow to reacquire common stock during the period.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 18
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 20
-Subparagraph a
falsefalse45false0us-gaap_PaymentsOfDividendsCommonStockus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegated1truefalsefalse-75465000-75465falsefalsefalsefalsefalse2truefalsefalse-70927000-70927falsefalsefalsefalsefalse3true<
IsRatio>falsefalse-67284000-67284falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow from the distribution of an entity's earnings in the form of dividends to common shareholders.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 18
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 20
-Subparagraph a
falsefalse46false0us-gaap_PaymentsOfDividendsMinorityInterestus-gaaptruecreditdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsetruenegatedtotal1truefalsefalse-4647000-4647falsefalsefalsefalsefalse2falsefalsefalse00falsefalsefalsefalsefalse3falsefalsefalse00falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe cash outflow for the return on capital for noncontrolled interest in the entity.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 18
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 20
-Subparagraph a
truefalse47false0us-gaap_NetCashProvidedByUsedInFinancingActivitiesus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse-190591000-190591falsefalsefalsefalsefalse2truefalsefalse-209083000-209083falsefalsefalsefalsefalse3truefalsefalse-217201000-217201falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net cash inflow (outflow) from financing activity for the period.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 26
truefalse48false0us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsus-gaaptruedebitdurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1truefalsefalse-6812000-6812falsefalsefalsefalsefalse2truefalsefalse-648000-648falsefalsefalsefalsefalse3truefalsefalse-5985000-5985falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe effect of exchange rate changes on cash balances held in foreign currencies.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 25
truefalse49false0us-gaap_CashAndCashEquivalentsPeriodIncreaseDecreaseus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsetotallabel1<
IsNumeric>truefalsefalse1266000012660falsefalsefalsefalsefalse2truefalsefalse-5948000-5948falsefalsefalsefalsefalse3truefalsefalse-31451000-31451falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryThe net change between the beginning and ending balance of cash and cash equivalents.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 26
truefalse50false0us-gaap_CashAndCashEquivalentsAtCarryingValueus-gaaptruedebitinstantNo definition available.falsefalsefalsefalsefalsefalsefalsetruefalsefalseperiodstartlabel1truefalsefalse3339600033396falsefalsefalsefalsefalse2truefalsefalse3934400039344falsefalsefalsefalsefalse3
truefalsefalse7079500070795falsefalsefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryIncludes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents,
excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or
company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 7, 26
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 8, 9
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 7
-Footnote 1
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 1
-Article 5
falsefalse51false0us-gaap_CashAndCashEquivalentsAtCarryingValueus-gaaptruedebitinstantNo definition available.falsefalsefalsefalsefalsefalsefalsefalsetruefalseperiodendlabel1true
IsNumeric>falsefalse4605600046056falsetruefalsefalsefalse2truefalsefalse3339600033396falsetruefalsefalsefalse3truefalsefalse3934400039344falsetruefalsefalsefalseMonetaryxbrli:monetaryItemTypemonetaryIncludes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equival
ents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with other
s, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 7, 26
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 8, 9
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 7
-Footnote 1
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 1
-Article 5
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34
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IDEA: Commitments and Contingencies
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USD ($) / shares
USD ($)
$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
MeasureNamespace>iso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0pnr_CommitmentsAndContingenciesAbstractpnrfalsenadurationNo definition available.falsefalse<
IsSubReportEnd>falsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_CommitmentsAndContingenciesDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">16</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">. Commitments and Contingencies</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Operating lease commitments</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Net rental expense under operating leases follows: </font></p><p st
yle='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 279px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; bo
rder-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#0
00000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:ce
nter;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gross rental expense</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-
width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;tex
t-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,662</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,799</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Ro
man;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,519</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Sublease rental income</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom
- -style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-wi
dth:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(225)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(74)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;">&#
160;</td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(172)</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net rental expense</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:43px;
"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;">
0;</td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,437</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font
style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">32,725</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-s
tyle:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">37,347</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:279px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td
><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000
000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:43px;"> </td></tr><tr style="height: 17px"><td colspan="16" style="width: 719px; text-align:left;border-color:#000000;min-width:719px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Future minimum lease commitments under non-cancelable operating leases, principally related to facilities, vehicles, </font>
</td></tr><tr style="height: 17px"><td colspan="16" style="width: 719px; text-align:left;border-color:#000000;min-width:719px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">and machinery and equipment are as follows:</font></td></tr><tr style="height: 17px"><td style="width: 279px; text-align:left;border-color:#000000;min-width:279px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="wid
th: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; text-align:left;border-color:#000000;min-width:43p
x;"> </td></tr><tr style="height: 17px"><td style="width: 279px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2011</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom
- -width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2012</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2013</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8p
t;COLOR: #000000;TEXT-ALIGN: right;">2014</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">2015</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;
FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">Thereafter </font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:43px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Total </font></td></tr><tr style="height: 17px"><td style="width: 279px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Minimum lease payments</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roma
n;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,697</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,673</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times N
ew Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">12,404</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">9,421</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: T
imes New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7,465</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">11,865</font></td><
;td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">80,525</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Minimum sublease rentals</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px
; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(609)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(152)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR:
#000000;TEXT-ALIGN: right;">(154)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(84)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(7)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;mi
n-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(1,006)</font></td></tr><tr style="height: 17px"><td style="width: 279px; border-top-style:solid;border-top-width:2px;border-bottom-style:doub
le;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:279px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net future minimum lease commitments</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">21,088</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;m
in-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">17,521</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-
ALIGN: right;">12,250</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">9,337</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;b
order-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">7,458</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000
;TEXT-ALIGN: right;">11,865</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 43px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:43px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">79,519</font></td></tr><tr style="height: 18px"><td style="width: 279px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:279px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><
;td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000
000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:43px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 62px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:62px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 43px; border-top-style:double;border-
top-width:3px;text-align:right;border-color:#000000;min-width:43px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Environmental</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have been named as defendants, targets, or PRP</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> in a small number of environmental clean-ups, in which our current or former business units have generally been given </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">de minimis </font><font style="font-family:Times New Roman;font-size
:10pt;">status. To date, none of these claims have resulted in clean-up costs, fines, penalties, or damages in an amount material to our financial position or results of operations. We have disposed of a number of businesses in the past and in certain cases, such as the disposition of the Cross Pointe Paper Corporation uncoated paper business in 1995, the disposition of the Federal Cartridge Company ammunition business in 1997, the disposition of Lincoln Industrial in 2001</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> the disposition of the Tools Group in 2004, we have retained responsibility and potential liability for certain environmental obligations. We have received claims for indemnification from purchasers of these businesses and have established what we believe to be adequate accruals for potential liabilities arising out of retained responsibilities. We settled some of the claims in pri
or years; to date our recorded accruals have been adequate.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In addition, there are ongoing environmental issues at a limited number of sites, including one site acquired in the acquisition of Essef Corporation in 1999, which relate</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> to operations no longer carried out at the sites. We have established what we believe to be adequate accruals for remediation costs at these sites. We do not believe that projected response costs will result in a material liability.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times N
ew Roman;font-size:10pt;margin-left:0px;">We may be named as a PRP at other sites in the future, for both divested and acquired businesses. When the outcome of the matter is probable and it is possible to provide reasonable estimates of our liability with respect to environmental sites, provisions have been made i</font><font style="font-family:Times New Roman;font-size:10pt;">n accordance with GAAP. </font><font style="font-family:Times New Roman;font-size:10pt;">As of</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, our undiscounted reserves for such environmental liabilities were approximately $</font><font styl
e="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">.3 million and $</font><font style="font-family:Times New Roman;font-size:10pt;">2.3</font><font style="font-family:Times New Roman;font-size:10pt;"> million, respectively. We cannot ensure that environmental requirements will not change or become more stringent over time or that our eventual environmental clean-up costs and liabilities will not exceed the amount of our current reserves.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Litigation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We have been made parties to a number
of actions filed or have been given notice of potential claims relating to the conduct of our business, including those pertaining to commercial disputes, product liability, environmental, safety and health, patent infringement</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> employment matters.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We record liabilities for an estimated loss from a loss contingency where the outcome of the matter is probable and can be reasonably estimated. Factors that are considered when determining whether the conditions for accrual have been met include the (a) nature of the litigation, claim, or assessment, (b) progress of the case, including progress after the date of the finan
cial statements but before the issuance date of the financial statements, (c) opinions of legal counsel</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> (d) management's intended response to the litigation, claim, or assessment. Where the reasonable estimate of the probable loss is a range, we record the most likely estimate of the loss. When no amount within the range is a better estimate than any other amount, however, the minimum amount in the range is accrued. Gain contingencies are not recorded until realized.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">While we believe that a material adverse impact on our consolidated financial position, results of operations, or cash flows from any such future charg
es is unlikely, given the inherent uncertainty of litigation, a remote possibility exists that a future adverse ruling or unfavorable development could result in future charges that could have a material adverse impact. We do and will continue to periodically reexamine our estimates of probable liabilities and any associated expenses and receivables and make appropriate adjustments to such estimates based on experience and developments in litigation. As a result, the current estimates of the potential impact on our consolidated financial position, results of operations</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> cash flows for the proceedings and claims could change in the future.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold
;font-style:italic;margin-left:0px;">Product liability claims</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We are subject to various product liability lawsuits and personal injury claims. A substantial number of these lawsuits and claims are insured and accrued for by Penwald, our captive insurance subsidiary. Penwald records a liability for these claims based on actuarial projections of ultimate losses. For all other claims, accruals covering the claims are recorded, on an undiscounted basis, when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated based on existing information. The accruals are adjusted periodically as additional information becomes available.</font><font style="font-family:Times New Roman;font-size:10pt;"> In 2004, we disposed of the Tools Group</font><font style="font-family:Times New Roman;font-size
:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">we </font><font style="font-family:Times New Roman;font-size:10pt;">retained responsibility for certain product claims. </font><font style="font-family:Times New Roman;font-size:10pt;"> We have not experienced significant unfavorable trends in either the severity or frequency of product liability lawsuits or personal injury claims. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Horizon Litigation</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Horizon litigation against our subsidiary Essef Corporation and certain of
its subsidiaries by Celebrity Cruise Lines, Inc. (“Celebrity”) was settled by payment of $35 million to Celebrity in August 2008, a portion of which was covered by insurance. As a result of the settlement, we recorded a charge of $20.4 million in 2008 which is shown on the line </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Legal settlement </font><font style="font-family:Times New Roman;font-size:10pt;">in the Consolidated Statements of Income.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Warranties and guarantees</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In connection with the disposition of our b
usinesses or product lines, we may agree to indemnify purchasers for various potential liabilities relating to the sold business, such as pre-closing tax, product liability, warranty, environmental, or other obligations. The subject matter, amounts</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> duration of any such indemnification obligations vary for each type of liability indemnified and may vary widely from transaction to transaction. Generally, the maximum obligation under such indemnifications is not explicitly stated and as a result, the overall amount of these obligations cannot be reasonably estimated. Historically, we have not made significant payments for these indemnifications. We believe that if we were to incur a loss in any of these matters, the loss would not have a material effect on our financial condition or results of operations.</font></p><p style='margin-top:0pt;
margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We recognize, at the inception of a guarantee, a liability for the fair value of the obligation undertaken in issuing the guarantee.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">We provide service and warranty policies on our products. Liability under service and warranty policies is based upon a review of historical warranty and service claim experience. Adjustments are made to accruals as claim data and historical experience warrant.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The cha
nges in the carrying amount of service and product warranties</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">for the years ended </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;"> were as follows:</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="wi
dth: 571px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td><td style="width: 15px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td></tr><tr style="height: 15px"><td style="width: 571px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-STYLE: italic
;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bo
ttom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 571px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Balance at beginning of the year</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font
style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 24,288</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 31,559</font></td></tr><tr style="height: 17px"><td style="width: 571px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY: Times New Roman
;FONT-SIZE: 9pt;COLOR: #000000;">Service and product warranty provision</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 56,553</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 55,232</font></td></tr><tr style="height: 17px"><td style="width: 571px; text-alig
n:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Payments</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (50,729)</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (62,672)</font>
</td></tr><tr style="height: 17px"><td style="width: 571px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Acquired</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> —</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><fon
t style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 23</font></td></tr><tr style="height: 17px"><td style="width: 571px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Translation</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (62)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-widt
h:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 146</font></td></tr><tr style="height: 18px"><td style="width: 571px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Balance at end of the period</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-col
or:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 30,050</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"&g
t;$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 24,288</font></td></tr><tr style="height: 18px"><td style="width: 571px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:571px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;background-c
olor:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 52px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:52px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Stand-by letters of credit</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> and bonds</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In the ordinary course
of business, we are required to commit to bonds that require payments to our customers for any non-performance. The outstanding face value of the bonds fluctuates with the value of our projects in process and in our backlog. In addition, we issue financial stand-by letters of credit primarily to secure our performance to third parties under self-insurance programs</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">As of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:10p
t;">, the outstanding value of these instruments totaled $</font><font style="font-family:Times New Roman;font-size:10pt;">116.5</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-family:Times New Roman;font-size:10pt;">51.2</font><font style="font-family:Times New Roman;font-size:10pt;"> million, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>16. Commitments and Contingencies Operating lease commitmentsNet rental expense under operating leases follows:  InfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringIncludes disclosure of commitments and contingencies. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
falsefalse12Commitments and ContingenciesUnKnownUnKnownUnKnownUnKnownfalsetrueXML
35
defnref.xml
IDEA: XBRL DOCUMENT
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available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference 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available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference 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available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference available.No authoritative reference 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36
R21.xml
IDEA: Stock Plans
2.2.0.25falsefalse01040 - Disclosure - Stock Planstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
MeasureNamespace>iso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0pnr_StockBasedCompensationAbstractpnrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">14.       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Stock Plans</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Total stock-based compensation expense in 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and 2008</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">was $</font><fon
t style="font-family:Times New Roman;font-size:10pt;">21.</font><font style="font-family:Times New Roman;font-size:10pt;">5</font><font style="font-family:Times New Roman;font-size:10pt;"> million, $17.3 million</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> $20.6 million, respectively. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Omnibus stock incentive plans</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In May 2008, the 2008 Omnibus Stock Incentive Plan as Amended and Restated (the “2008 Plan” or the R
20;Plan”) was approved by shareholders. The 2008 Plan authorizes the issuance of additional shares of our common stock and extends through February 2018. The 2008 Plan allows for the granting of:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       nonqualified stock options; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       incentive stock options; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font
style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       restricted shares; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       restricted stock units; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       dividend equivalent units; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman
;font-size:10pt;margin-left:0px;">•       stock appreciation rights; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       performance shares; </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">•       performance units; and </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-lef
t:0px;">•       other stock based awards. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Plan is administered by our Compensation Committee (the “Committee”), which is made up of independent members of our Board of Directors. Employees eligible t</font><font style="font-family:Times New Roman;font-size:10pt;">o receive awards under the Plan </font><font style="font-family:Times New Roman;font-size:10pt;">are managerial, administrative or other key employees who are in a position to make a material contribution to the continued profitable growth and long-term success of Pentair. The Committee has the authority to select the recipients of awards, determine the type and size of awards, establish certain terms and c
onditions of award grants and take certain other actions as permitted under the Plan. The Plan restricts the Committee's authority to reprice awards or to cancel and reissue awards at lower prices.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Omnibus Stock Incentive Plan approved by the shareholders in 2004 (the “2004 Plan”) expired upon approval of the 2008 Plan by shareholders. Prior grants made under the 2004 Plan and earlier stock incentive plans remained outstanding on the terms in effect at the time of grant.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:20px;">Non-qualified and incentive stock optio
ns</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20px;">Under the Plan, we may grant stock options to any eligible employee with an exercise price equal to the market value of the shares on the dates the options were granted. Options generally vest over a three-year period commencing on the grant date and expire ten years after the grant date. Prior to 2006, option grants typically had a reload feature when shares are retired to pay the exercise price, allowing individuals to receive additional options upon exercise equal to the number of shares retired. Option awards granted after 2005 under the 2004 Plan and under the 2008 Plan do not have a reload feature attached to the option. Annual expense for the </font><font style="font-family:Times New Roman;font-size:10pt;">fair </font><font style="font-family:Times New Roman;font-size:10pt;">value of stock options was $10.7 million in 2010,
$7.1 million in 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> $10.5 million in 2008.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:20px;">Restricted shares and restricted stock units</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20px;">Under the Plan, eligible employees are awarded restricted shares or restricted stock units (awards) of our common stock. Share awards generally vest from two to five years after issuance, subject to continuous employment and certain other conditions. Restricted share awards are valued at market value on the date of grant and are expensed ove
r the vesting period. Annual expense for the</font><font style="font-family:Times New Roman;font-size:10pt;"> fair</font><font style="font-family:Times New Roman;font-size:10pt;"> value of restricted shares and restricted stock units was $10.8 million in 2010, $10.2 million in 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> $10.1 million in 2008.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:20px;">Stock appreciation rights, performance shares</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;"> and</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-st
yle:italic;"> performance units</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20px;">Under the Plan, the Committee is permitted to issue these awards; however, there have been no issuances of these award</font><font style="font-family:Times New Roman;font-size:10pt;">s.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Outside directors nonqualified stock option plan</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Nonqualified stock options were granted to outside directors under the Outside Directors Nonqualified Stock Option Plan (the “Directors Plan”) with an exer
cise price equal to the market value of the shares on the option grant dates. Options generally vest over a three-year period commencing on the grant date and expire ten years after the grant date. The Directors Plan expired in January 2008. Prior grants remain outstanding on the terms in effect at the time of grant.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Non-employee Directors are also eligible to receive awards under the 2008 Plan. Director awards are made by our Governance Committee, which is made up of independent members of our Board of Directors.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Stock options</fo
nt></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following table summarizes stock option activity under all plans: </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 14px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"> </td><td style="width: 90px; text-align:center;border-color:#000000;min-width:90px;"> </td><td style="width: 35px; text-align:center;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 39px; text-align:center;border-color:#000000;min-width:39px;"> </td&g
t;<td style="width: 80px; text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted Average</font></td><td style="width: 38px; text-align:center;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; text-align:center;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 14px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"> </td><td style="width: 90px; text-align:center;border-color:#000000;min-width:90px;"> </td><td colspan="3" style="width: 88px; text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #0000
00;TEXT-ALIGN: center;">Weighted Average</font></td><td style="width: 80px; text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Remaining</font></td><td colspan="3" style="width: 120px; text-align:center;border-color:#000000;min-width:120px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Aggregate</font></td></tr><tr style="height: 15px"><td style="width: 339px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Options Outstanding</font></td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:9
0px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Shares </font></td><td colspan="3" style="width: 88px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:88px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Exercise Price </font></td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Contractual Life </font></td><td colspan="3" style="width: 120px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:120px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;"&
gt;Intrinsic Value </font></td></tr><tr style="height: 17px"><td style="width: 339px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance January 1, 2010</font></td><td style="width: 90px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7,962,519</font></td><td style="width: 35px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td>&l
t;td style="width: 39px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">30.70</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 38px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 17px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-FAMILY: Times New Roman;FONT-
SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Granted</font></td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,478,660</font></td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 39px; text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">33.54</font></td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td st
yle="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 17px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Exercised</font></td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(678,627)</font></td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 39px; text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">23.32</font></td><td style="width: 80px; text-align:left;border-co
lor:#000000;min-width:80px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 17px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Forfeited</font></td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(112,528)</font></td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px
;"> </td><td style="width: 39px; text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">28.38</font></td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 17px"><td style="width: 339px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Expired</font></td><td style="width: 90px; border-bottom-style:solid;border-
bottom-width:2px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(682,608)</font></td><td style="width: 35px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 39px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">37.08</font></td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 38px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;
min-width:38px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 17px"><td style="width: 339px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance December 31, 2010</font></td><td style="width: 90px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7,967,
416</font></td><td style="width: 35px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 39px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">31.34</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Time
s New Roman;FONT-SIZE: 10pt;COLOR: #000000;">6.0</font></td><td style="width: 38px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 67px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">46,776,147</font></td></tr><tr style="height: 17px"><td style="width: 339px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-widt
h:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Options exercisable as of December 31, 2010</font></td><td style="width: 90px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">5,313,225</font></td><td style="width: 35px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 39px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-
SIZE: 10pt;COLOR: #000000;">31.80</font></td><td style="width: 80px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4.6</font></td><td style="width: 38px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 67px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">30,599,073</font></td></tr><tr style="height: 17px"><td style="width: 339px; text-align:left
;border-color:#000000;min-width:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Options expected to vest as of December 31, 2010</font></td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">2,608,273</font></td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 39px; text-align:right;border-color:#000000;min-width:39px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">30.42</font></td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"&g
t;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">8.3</font></td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 67px; text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">16,177,074</font></td></tr><tr style="height: 17px"><td style="width: 339px; text-align:left;border-color:#000000;min-width:339px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Shares available for grant as of December 31, 2010</font></td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;
"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">5,773,901</font></td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 39px; text-align:left;border-color:#000000;min-width:39px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'>&l
t;font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The weighted-average grant date fair value of options granted in 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 2008 was estimated to </font><font style="font-family:Times New Roman;font-size:10pt;">be $</font><font style="font-family:Times New Roman;font-size:10pt;">9.47</font><font style="font-family:Times New Roman;font-size:10pt;">, $5.09</font><font style="font-family:Times New Roman;font-size:10pt;"> and $7.41 per share, respectively. The total intrinsic value of options that were exercised during 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 2008 was </font><font style="font-family:Times New Roman;font-size:10pt;">$</font&
gt;<font style="font-family:Times New Roman;font-size:10pt;">7.4</font><font style="font-family:Times New Roman;font-size:10pt;"> million, $5.2 million and $6.3 million, respectively. At December 31, 2010, the total unrecognized compensation cost related to stock options was $</font><font style="font-family:Times New Roman;font-size:10pt;">6.5</font><font style="font-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;">. This cost is expected to be recognized over a weighted average period of 1.</font><font style="font-family:Times New Roman;font-size:10pt;">5</font><font style="font-family:Times New Roman;font-size:10pt;"> years.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10p
t;margin-left:0px;">We estimated the fair values using the Black-Scholes option-pricing model, modified for dividends and using the following assumptions:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 453px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:453px;"> </td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9p
t;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 9px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">20
08</font></td></tr><tr style="height: 17px"><td style="width: 453px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:453px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Risk-free interest rate</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">2.45%</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; border-top-style:solid;border
- -top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">1.77%</font></td><td style="width: 9px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">2.78%</font></td></tr><tr style="height: 17px"><td style="width: 453px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:453px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Expected dividend yield</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-w
idth:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2.30%</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">3.20%</font></td><td style="width: 9px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">2.12%</font></td></tr&g
t;<tr style="height: 17px"><td style="width: 453px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:453px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Expected stock price volatility</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">35.00%</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">32.50%</font></td><td style="width: 9px; text-align
:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">27.00%</font></td></tr><tr style="height: 17px"><td style="width: 453px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:453px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Expected lives</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">5.5 yrs</font></td><td style="width: 9px; text-align:left;background-color:#FFF
FFF;border-color:#000000;min-width:9px;"> </td><td style="width: 85px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">5.2 yrs</font></td><td style="width: 9px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:9px;"> </td><td style="width: 80px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">4.8 yrs</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Cash received from option exercises for the years ended </font><font style="font-family:Times New Roman;
font-size:10pt;">December 31, 2010,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> 2008</font><font style="font-family:Times New Roman;font-size:10pt;"> was </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">14.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million, $</font><font style="font-family:Times New Roman;font-size:10pt;">8.2</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-family:Times New Roman;font-size:10pt;">5.6</font><font style="font-family:Times New Roman;font-siz
e:10pt;"> million, respectively. The actual tax benefit realized for the tax deductions from option exercises totaled $</font><font style="font-family:Times New Roman;font-size:10pt;">2.8</font><font style="font-family:Times New Roman;font-size:10pt;"> million, $</font><font style="font-family:Times New Roman;font-size:10pt;">1.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million and $</font><font style="font-family:Times New Roman;font-size:10pt;">2.0</font><font style="font-family:Times New Roman;font-size:10pt;"> million for the years ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010, 2009</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and 2008
</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="9" style="width: 754px; text-align:left;border-color:#000000;min-width:754px;"><font style="FONT-WEIGHT: bold;FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Restricted Share Awards</font></td></tr><tr style="height: 17px"><td colspan="9" style="width: 754px; text-align:left;border-color:#000000;min-width:754px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The following table summarizes restricted share award activity under all plans:</font></td></tr><tr style="height: 17px"><
;td style="width: 494px; text-align:left;border-color:#000000;min-width:494px;"> </td><td style="width: 106px; text-align:left;border-color:#000000;min-width:106px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 45px; text-align:left;border-color:#000000;min-width:45px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="w
idth: 494px; text-align:left;border-color:#000000;min-width:494px;"> </td><td style="width: 106px; text-align:left;border-color:#000000;min-width:106px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 124px; text-align:center;border-color:#000000;min-width:124px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted Average</font></td></tr><tr style="height: 17px"><td style="width: 494px; text-align:left;border-color:#000000;min-width:494px;"> </td><td style="width: 106px; text-align:left;border-color:#000000;min-width:106px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&
;#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 124px; text-align:center;border-color:#000000;min-width:124px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Grant Date</font></td></tr><tr style="height: 17px"><td style="width: 494px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:494px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Restricted Shares Outstanding</font></td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:106px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Shares </font></td><td st
yle="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 124px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:124px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value </font></td></tr><tr style="height: 17px"><td style="width: 494px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:494px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance January 1, 2010</font></td><td style="width: 106px; border-top-style:solid;border-top-width:2px;te
xt-align:right;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,278,054</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 30px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"
>$</font></td><td style="width: 45px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:45px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">28.81</font></td><td style="width: 19px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 494px; text-align:left;border-color:#000000;min-width:494px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Granted</font></td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">476,840</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td&
gt;<td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 45px; text-align:right;border-color:#000000;min-width:45px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">33.66</font></td><td style="width: 19px; text-align:right;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 494px; text-align:left;border-color:#000000;min-width:494px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Vested</font></td><td
style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(376,219)</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 45px; text-align:right;border-color:#000000;min-width:45px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">33.39</font></td><td style="width: 19px; text-align:right;border-c
olor:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 494px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:494px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Forfeited</font></td><td style="width: 106px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">(69,272)</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 30px; border-bottom-style:solid;border-bottom-wid
th:2px;text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 45px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:45px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">27.49</font></td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 494px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#0
00000;min-width:494px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance December 31, 2010</font></td><td style="width: 106px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">1,309,403</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 30px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bo
ttom-width:3px;text-align:right;border-color:#000000;min-width:30px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 45px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:45px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">29.33</font></td><td style="width: 19px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bot
tom-width:3px;text-align:right;border-color:#000000;min-width:19px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As of December 31, 2010, there was </font><font style="font-family:Times New Roman;font-size:10pt;">$17.1</font><font style="font-family:Times New Roman;font-size:10pt;"> million of unrecognized compensation cost related to restricted share compensation arrangements granted under the 2004 Plan and the 2008 Plan. That cost is expected to be recognized over a weighted</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">average period of 2.</font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Ti
mes New Roman;font-size:10pt;"> years. The total fair value of shares vested during the years ended December 31, 2010, 2009 and 2008, was </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">12</font><font style="font-family:Times New Roman;font-size:10pt;">.7</font><font style="font-family:Times New Roman;font-size:10pt;"> million, $5.5 million and $7.7 million, respectively. The actual tax benefit realized for the tax deductions from restricted share compensation arrangements totaled </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">3.4</font><font style="font-family:Times New Roman;font-size:10pt;"> million, $2.</font><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="fon
t-family:Times New Roman;font-size:10pt;"> million</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">and $3.0 million for the years </font><font style="font-family:Times New Roman;font-size:10pt;">ended December 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;">, 2009 and 2008, respectively.</font></p>14.       Stock PlansTotal stock-based compensation expense in 2010, 2009 and 2008 was $21.5 million,falsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDisclosure of compensation-related costs for share-based compensation which may include disclosure of policies, compensation plan details, allocation of stock compensation, incentive distributions, share-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14
falsefalse12Stock PlansUnKnownUnKnownUnKnownUnKnownfalsetrueXML
37
R13.xml
IDEA: Supplemental Balance Sheet Information
2.2.0.25falsefalse00950 - Disclosure - Supplemental Balance Sheet Informationtruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($) / shares
USD ($)
$FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000077360duration2010-01-01T00:00:002010-12-31T00:00:00EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDStandardhttp://www.xbrl.org/2003/iso4217USD<
MeasureNamespace>iso42170SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_BalanceSheetRelatedDisclosuresAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0pnr_SupplementalBalanceSheetInformationpnrfalsenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="7" style="width: 730px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:730px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">6. Supplemental Balance Sheet Information</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color
:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td><td style="width: 20px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 18px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">In
thousands</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;background-color:#FFFFFF;border-co
lor:#000000;min-width:54px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Inventories</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td><td
style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:center;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Raw materials and supplies</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-colo
r:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 223,482</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 200,931</font></td></tr><tr style="height: 17px"><td styl
e="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Work-in-process</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 37,748</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;backg
round-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 38,338</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Finished goods</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-S
IZE: 9pt;COLOR: #000000;"> 144,126</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 121,358</font></td></tr><tr style="height: 18px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;backgrou
nd-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total inventories</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 405,356</font></td><td style="width: 20px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-widt
h:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 360,627</font></td></tr><tr style="height: 16px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"> 
;</td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td><td style="width: 20px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:double;border-top-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:double;border-top-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color
:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Property, plant and equipment</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:54px;"> </td></tr><tr style="heigh
t: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Land and land improvements</font></td><td style="width: 15px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 36,484</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px;
text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 36,635</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Buildings and leasehold improvements</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="
width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 212,168</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 213,453</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New R
oman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Machinery and equipment</font></td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 598,554</font></td><td style="width: 20px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 586,764</font></td></tr><tr style="height: 18px"><td style="width: 10px; tex
t-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Construction in progress</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 33,841</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"&g
t; </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 28,408</font></td></tr><tr style="height: 17px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total property, plant and equipment</font></td><td style="width: 15px; border-top-style:solid;borde
r-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 881,047</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-top-style:solid;border-top-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 865,260</font></td></tr><t
r style="height: 18px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Less accumulated depreciation and amortization</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 551,612</font></td><td style="width: 20px; border-bottom-style:solid;border-bottom-width:2px
;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:15px;"> </td><td style="width: 54px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 531,572</font></td></tr><tr style="height: 18px"><td style="width: 10px; text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:10px;"> </td><td style="width: 562px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:562px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-
ALIGN: left;">Property, plant and equipment, net</font></td><td style="width: 15px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 54px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;background-color:#FFFFFF;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 329,435</font></td><td style="width: 20px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;background-color:#FFFFFF;border-color:#000000;min-width:20px;"> </td><td style="width: 15px; border-top-style:solid;border-top-width:2px
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