Form 10-Q for Quarter Ended June 30, 2014

0000842295-14-000042.txt : 20140729 0000842295-14-000042.hdr.sgml : 20140729 20140729123621 ACCESSION NUMBER: 0000842295-14-000042 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20140630 FILED AS OF DATE: 20140729 DATE AS OF CHANGE: 20140729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOR MINERALS INTERNATIONAL INC CENTRAL INDEX KEY: 0000842295 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810] IRS NUMBER: 742081929 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-17321 FILM NUMBER: 14998942 BUSINESS ADDRESS: STREET 1: 722 BURLESON CITY: CORPUS CHRISTI STATE: TX ZIP: 78402 BUSINESS PHONE: 361-883-5591 MAIL ADDRESS: STREET 1: 722 BURLESON CITY: CORPUS CHRISTI STATE: TX ZIP: 78402 FORMER COMPANY: FORMER CONFORMED NAME: HITOX CORPORATION OF AMERICA DATE OF NAME CHANGE: 19920703 10-Q 1 x10q2014q2.htm FORM 10-Q, SECOND QUARTER ENDED JUNE 30, 2014 Form 10-Q for Quarter Ended June 30, 2014

United States Securities and Exchange Commission Washington, D. C. 20549 ____________________________ FORM 10-Q ____________________________
(Mark One)
ý	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2014 OR
	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________
Commission file number 0-17321 TOR MINERALS INTERNATIONAL, INC. (Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation or organization)					74-2081929 (I.R.S. Employer Identification No.)
722 Burleson Street, Corpus Christi, Texas 78402 (Address of principal executive offices)
(361) 883-5591 (Registrant’s telephone number, including area code) ____________________________
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the 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 ý				No o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
Yes ý				No o
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.
Large accelerated filer o		Accelerated filer o	Non-accelerated filer o			Smaller reporting company ý
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes o				No ý
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
Class Common Stock, $1.25 par value				Shares Outstanding as of July 29, 2014 3,014,022

Table of Contents

Part I - Financial Information
			Page No.
Item 1.	Condensed Consolidated Financial Statements
		Condensed Consolidated Statements of Income -- Three and six months ended June 30, 2014 and 2013	3
		Condensed Consolidated Statements of Comprehensive Income (Loss) -- Three and six months ended June 30, 2014 and 2013	4
		Condensed Consolidated Balance Sheets -- June 30, 2014 and December 31, 2013	5
		Condensed Consolidated Statements of Cash Flows -- Six months ended June 30, 2014 and 2013	6

	Notes to the Condensed Consolidated Financial Statements		7

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations		15

Item 4.	Controls and Procedures		27

Part II - Other Information

Item 6.	Exhibits		28

Signatures			28

Forward Looking Information

Certain portions of this report contain forward-looking statements about the business, financial condition and prospects of TOR Minerals International, Inc. (the “Company”). The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including, without limitation, changes in demand for the Company’s products, changes in competition, economic conditions, fluctuations in market price for Titanium dioxide pigments, changes in foreign currency exchange rates, increases in the price of energy and raw materials, such as ilmenite, interest rate fluctuations, changes in the capital markets, changes in tax and other laws and governmental rules and regulations applicable to the Company’s business, and other risks indicated in the Company’s filings with the Securities and Exchange Commission. These risks and uncertainties are beyond the ability of the Company to control, and, in many cases, the Company cannot predict all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. The Company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws. When used in this report, the words “believes,” “estimates,” “plans,” “expects,” “anticipates” and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements.

TOR Minerals International, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(Unaudited)
(In thousands, except per share amounts)


		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
NET SALES	$	12,392	$	10,732	$	25,524	$	22,159
Cost of sales		10,885		9,020		21,865		18,953
GROSS MARGIN		1,507		1,712		3,659		3,206
Technical services and research and development		54		171		100		324
Selling, general and administrative expenses		1,114		1,247		2,227		2,525
Loss on disposal of assets		-		-		-		10
OPERATING INCOME		339		294		1,332		347
OTHER INCOME (EXPENSE):
Interest expense, net		(95)		(99)		(190)		(183)
Gain (Loss) on foreign currency exchange rate		(57)		20		(61)		(67)
Other, net		-		-		5		12
Total Other Expense		(152)		(79)		(246)		(238)
INCOME BEFORE INCOME TAX		187		215		1,086		109
Income tax expense		34		65		226		34
NET INCOME	$	153	$	150	$	860	$	75

Earnings per common share:
Basic	$	0.05	$	0.05	$	0.29	$	0.03
Diluted	$	0.04	$	0.04	$	0.25	$	0.02
Weighted average common shares outstanding:
Basic		3,014		2,998		3,014		2,992
Diluted		3,402		3,404		3,407		3,196

See accompanying notes.

TOR Minerals International, Inc. and Subsidiaries
Condensed Consolidated Statements of Comprehensive Income (Loss)
(Unaudited)
(In thousands)


		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
NET INCOME	$	153	$	150	$	860	$	75
OTHER COMPREHENSIVE INCOME (LOSS), net of tax
Currency translation adjustment, net of tax:
Net foreign currency translation adjustment gains (losses)		207		(277)		292		(686)
Other comprehensive gain (loss), net of tax		207		(277)		292		(686)
COMPREHENSIVE INCOME (LOSS)	$	360	$	(127)	$	1,152	$	(611)

See accompanying notes.

TOR Minerals International, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except per share amounts)

		June 30, 2014		December 31, 2013
		(Unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	3,825	$	2,920
Trade accounts receivable, net		6,330		4,526
Inventories, net		18,071		20,753
Other current assets		1,310		596
Total current assets		29,536		28,795
PROPERTY, PLANT AND EQUIPMENT, net		23,141		23,799
OTHER ASSETS		23		23
Total Assets	$	52,700	$	52,617

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$	3,117	$	3,279
Accrued expenses		1,634		1,397
Notes payable under lines of credit		715		1,477
Export credit refinancing facility		3,478		3,866
Current deferred tax liability		17		66
Current maturities - capital leases		3		12
Current maturities of long-term debt – financial institutions		1,197		1,040
Total current liabilities		10,161		11,137
LONG-TERM DEBT - FINANCIAL INSTITUTIONS		2,373		2,918
DEFERRED TAX LIABILITY		406		18
Total liabilities		12,940		14,073
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Common stock $1.25 par value: authorized, 6,000 shares; 3,014 shares issued and outstanding at June 30, 2014 and 3,012 shares issued and outstanding at December 31, 2013		3,767		3,765
Additional paid-in capital		29,444		29,365
Retained earnings		2,513		1,653
Accumulated other comprehensive income:
Cumulative translation adjustment		4,053		3,761
Total shareholders' equity		39,777		38,544
Total Liabilities and Shareholders' Equity	$	52,717	$	52,617

See accompanying notes.

TOR Minerals International, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(In thousands)

		Six Months Ended June 30,
		2014		2013
*CASH FLOWS FROM OPERATING ACTIVITIES:*
Net Income	$	860	$	75
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation		1,701		1,533
Loss on disposal of assets		-		10
Share-based compensation		70		62
Deferred income tax expense (benefit)		319		(71)
Change in inventory reserve		(170)		(15)
Provision for bad debts		(7)		-
Changes in working capital:
Trade accounts receivables		(1,777)		(1,419)
Inventories		3,107		(3,478)
Other current assets		(713)		356
Accounts payable and accrued expenses		45		881
Net cash provided by (used in) operating activities		3,435		(2,066)

*CASH FLOWS FROM INVESTING ACTIVITIES:*
Additions to property, plant and equipment		(901)		(2,580)
Proceeds from sales of property, plant and equipment		-		2
Net cash used in investing activities		(901)		(2,578)

*CASH FLOWS FROM FINANCING ACTIVITIES:*
Net (payments on) proceeds from lines of credit		(766)		1,337
Net (payments on) proceeds from export credit refinancing facility		(468)		1,492
Payments on capital leases		(9)		(24)
Proceeds from long-term bank debt		236		276
Payments on long-term bank debt		(663)		(503)
Proceeds from the issuance of common stock and exercise of common stock options		11		267
Net cash (used in) provided by financing activities		(1,659)		2,845
Effect of foreign currency exchange rate fluctuations on cash and cash equivalents		30		(109)
Net increase (decrease) in cash and cash equivalents		905		(1,908)
Cash and cash equivalents at beginning of period		2,920		2,799
Cash and cash equivalents at end of period	$	3,825	$	891

Supplemental cash flow disclosures:
Interest paid	$	191	$	157
Income taxes paid	$	70	$	240

See accompanying notes.

TOR Minerals International, Inc. and Subsidiaries
Notes to the Condensed Consolidated Financial Statements
(Unaudited)

Note 1.

Accounting Policies

Basis of Presentation and Use of Estimates

The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). The interim condensed consolidated financial statements include the consolidated accounts of TOR Minerals International, Inc. (“TOR”, “we”, “us”, “our” or the “Company”) and its wholly-owned subsidiaries, TOR Processing and Trade, BV (“TPT”) and TOR Minerals Malaysia, Sdn. Bhd. (“TMM”) with all significant intercompany transactions eliminated. In our opinion, all adjustments (consisting only of normal recurring adjustments) necessary for a fair statement of the consolidated financial position, results of operations and cash flows for the interim periods presented have been made. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such SEC rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2013, in our Annual Report on Form 10-K filed with the SEC on March 10, 2014. Operating results for the three and six month periods ended June 30, 2014, are not necessarily indicative of the results for the year ending December 31, 2014.

Income Taxes

The Company records income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.

Income taxes consisted of federal and state income tax expense of approximately $11,000 and $2,000, respectively, and foreign tax expense of approximately $21,000 for the three month period ended June 30, 2014, as compared to a federal tax benefit of approximately $24,000 and state income tax expense of approximately $2,000, respectively, and foreign tax expense of approximately $87,000 for the same three month period in 2013.

For the six month period ended June 30, 2014, income taxes consisted of federal and state income tax expense of approximately $58,000 and $4,000, respectively, and foreign tax expense of approximately $164,000, as compared to federal and state income tax expense of approximately $16,000 and $4,000, respectively, and foreign tax expense of approximately $14,000 for the same six month period in 2013. Taxes are based on an estimated annualized consolidated effective rate of 20.8% for the year ended December 31, 2014.

When accounting for uncertainties in income taxes, we evaluate all tax years still subject to potential audit under the applicable state, federal and foreign income tax laws. We are subject to taxation in the United States, Malaysia and The Netherlands. Our federal income tax returns in the United States are subject to examination for the tax years ended December 31, 2010 through December 31, 2013. Our state return, which is filed in Texas, is subject to examination for the tax years ended December 31, 2009 through December 31, 2013. Our tax returns in various non-U.S. jurisdictions are subject to examination for various tax years dating back to December 31, 2008.

As of January 1, 2014, we did not have any unrecognized tax benefits and there was no change during the six month period ended June 30, 2014. In addition, we did not recognize any interest and penalties in our condensed consolidated financial statements during the three and six month periods ended June 30, 2014. If any interest or penalties related to any income tax liabilities are imposed in future reporting periods, we expect to record both of these items as components of income tax expense.

TOR Minerals International, Inc. and Subsidiaries
Notes to the Condensed Consolidated Financial Statements
(Unaudited)

Note 2.

Debt and Notes Payable

Long-term Debt – Financial Institutions

Following is a summary of our long-term debt to financial institutions as of June 30, 2014 and December 31, 2013, in thousands:

		June 30,
		2014		December 31,
		(Unaudited)		2013
Fixed Rate term note payable to a U.S. bank, with an interest rate of 5.5% at June 30, 2014, due January 1, 2016, secured by real estate, leasehold improvements, property, plant and equipment, inventory and accounts receivable of our U.S. operation.	$	701	$	911
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.85% at June 30, 2014, due July 1, 2029, secured by TPT's land and office building purchased July 2004. (€246)		337		351
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.3% at June 30, 2014, due January 31, 2030, secured by TPT's land and building purchased January 2005. (€271)		371		386
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.05% at June 30, 2014, due July 31, 2015, secured by TPT's assets. (€33)		46		80
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.25% at June 30, 2014. Paid off June 30, 2014.		-		139
Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% at June 30, 2014, due March 1, 2015, secured by TMM's property, plant and equipment. (RM 2,042)		636		801
Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% at June 30, 2014, due October 25, 2018, secured by TMM's property, plant and equipment. (RM 4,750)		1,479		1,290
Total		3,570		3,958
Less current maturities		1,197		1,040
Total long-term debt - financial institutions	$	2,373	$	2,918

Short-term Debt

U.S. Operations

On December 31, 2010, the Company entered into a credit agreement, as amended, (the “Agreement”) with American Bank, N.A. (the “Lender”) which established a $1,000,000 line of credit (the “Line”), and on March 1, 2012, the Line was increased from $1,000,000 to $2,000,000. On May 15, 2013, the Company and the Lender entered into the second amendment which extended the maturity date from October 15, 2013 to October 15, 2014 and reduced the minimum interest rate floor from 5.5% to 4.5%. Under the terms of the Agreement, the amount the Company is entitled to borrow under the Line is subject to a defined borrowing base, which is based on the Company’s eligible accounts receivable and inventory. Amounts advanced under the Line bear interest at a variable rate equal to one percent per annum point above the Wall Street Journal Prime Rate as such prime rate changes from time to time, with a minimum floor rate of 4.5%. At June 30, 2014, no funds were outstanding on the Line.

TOR Minerals International, Inc. and Subsidiaries
Notes to the Condensed Consolidated Financial Statements
(Unaudited)

On January 14, 2014, the Company entered into the third amendment (the “Amendment”) with the Lender. Under the terms of the Amendment, the Company is required to maintain a ratio of cash flow to debt service of 1.0 to 1.0 for the four month period ended April 30, 2014, six month period ending June 30, 2014, nine month period ending September 30, 2014, and twelve month period ending December 31, 2014. Thereafter, the required ratio of cash flow to debt service shall be 1.25 to 1.0 measured on a rolling four quarter basis as originally detailed in the Agreement. For the six month period ended June 30, 2014, the ratio of cash flow to debt service was 2.76 to 1.0.

European Operations

On March 20, 2007, our subsidiary, TPT, entered into a short-term credit facility (the “Credit Facility”) with Rabobank which increased TPT’s line of credit from €650,000 to €1,100,000. The Credit Facility was renewed on January 1, 2010 and has no stated maturity date. The Credit Facility, which has a variable interest rate of bank prime plus 2.8% (currently at 3.452%), is secured by TPT’s accounts receivable and inventory. At June 30, 2014, TPT had utilized €363,000 ($497,000) of its short-term Credit Facility.

TPT’s loan agreements covering both the Credit Facility and the term loans include subjective acceleration clauses that allow Rabobank to accelerate payment if, in the judgment of Rabobank, there are adverse changes in our business. We believe that such subjective acceleration clauses are customary in The Netherlands for such borrowings. However, if demand is made by Rabobank, we may be unable to refinance the demanded indebtedness, in which case Rabobank could foreclose on the assets of TPT.

Asian Operations

On May 21, 2013, our subsidiary, TMM, amended its banking facility with HSBC Bank of Malaysia Berhad (“HSBC”) to extend the maturity date from April 30, 2013 to April 30, 2014. TMM is currently negotiating an extension to the banking facility with HSBC. The HSBC facility includes the following in RM: (1) overdraft of RM 500,000; (2) an import/export line (“ECR”) of RM 6,460,000; and (3) a foreign exchange contract limit of RM 5,000,000 ($156,000, $2,012,000 and $1,557,000, respectively).

On April 17, 2013, TMM amended its banking facility with RHB Bank Berhad (“RHB”) to extend the maturity date from March 5, 2013 to March 24, 2014. TMM is currently negotiating an extension to the banking facility with RHB. The RHB facility includes the following: (1) an overdraft line of credit up to RM 1,000,000; (2) an ECR of RM 9,300,000; (3) a bank guarantee of RM 1,200,000; and (4) a foreign exchange contract limit of RM 25,000,000 ($311,000, $2,896,000, $374,000 and $7,785,000, respectively). At June 30, 2014, the outstanding balance on the foreign exchange contract was RM 700,000 ($218,000) at a current interest rate of 2.20%.

The banking facilities with both HSBC and RHB bear an interest rate on the overdraft facilities at 1.25% over bank prime and the ECR facilities bear interest at 1.0% above the funding rate stipulated by the Export-Import Bank of Malaysia Berhad. The ECR, a government supported financing arrangement specifically for exporters, is used by TMM for short-term financing of up to 180 days against customers’ and inter-company shipments. At June 30, 2014, the outstanding balance on the ECR facilities was RM 11,169,000 ($3,478,000) at a current interest rate of 4.9%.

The borrowings under both the HSBC and the RHB short term credit facilities are subject to certain subjective acceleration covenants based on the judgment of the banks and a demand provision that provide that the banks may demand repayment at any time. We believe such a demand provision is customary in Malaysia for such facilities. The loan agreements are secured by TMM’s property, plant and equipment. However, if demand is made by HSBC or RHB, we may be unable to refinance the demanded indebtedness, in which case, the lenders could foreclose on the assets of TMM. The credit facilities prohibit TMM from paying dividends, and the HSBC facility further prohibits loans to related parties without the prior consent of HSBC.

TOR Minerals International, Inc. and Subsidiaries
Notes to the Condensed Consolidated Financial Statements
(Unaudited)

Note 3.

Fair Value Measurements

The following table summarizes the valuation of our financial instruments recorded on a fair value basis as of June 30, 2014 and December 31, 2013, in thousands. The Company did not hold any non-financial assets and/or non-financial liabilities subject to fair value measurements at June 30, 2014 or at December 31, 2013.

		Fair Value Measurements
		Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Asset
June 30, 2014
Currency forward contracts	$	14	$	-	$	14	$	-
Liability
December 31, 2013
Currency forward contracts	$	(14)	$	-	$	(14)	$	-

Our foreign currency derivative financial instruments mitigate foreign currency exchange risks and include forward contracts. The forward contracts are marked-to-market at each balance sheet date with any resulting gain or loss recognized in income as part of the gain or loss on foreign currency exchange rate included under “Other Expense” on the Company’s condensed consolidated statements of income. The fair value of the currency forward contracts is determined using Level 2 inputs based on the currency rate in effect at the end of the reporting period.

The fair value of the Company’s debt is based on estimates using standard pricing models and Level 2 inputs, including the Company’s estimated borrowing rate, that take into account the present value of future cash flows as of the condensed consolidated balance sheet date. The computation of the fair value of these instruments is performed by the Company. The carrying amounts and estimated fair values of the Company’s long-term debt, including current maturities, are summarized below, in thousands:

		June 30, 2014				December 31, 2013
		Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt, including current portion	$	3,570	$	3,356	$	3,958	$	3,697

The carrying amounts reported in the condensed consolidated balance sheets for cash and cash equivalents, trade receivables, payables and accrued liabilities, accrued income taxes and short-term borrowings approximate fair values due to the short term nature of these instruments, accordingly, these items have been excluded from the above table.

TOR Minerals International, Inc. and Subsidiaries
Notes to the Condensed Consolidated Financial Statements
(Unaudited)

Note 4.

Capital Leases

On September 4, 2011, TPT entered into a financial lease agreement with Diependael Leasing, BV for equipment related to the production of ALUPREM. The cost of the equipment under the capital lease, in the amount of approximately €38,360 ($52,500), is included in the condensed consolidated balance sheets as property, plant and equipment. Accumulated amortization of the leased equipment at June 30, 2014 was approximately €35,166 ($48,000). The capital lease is in the amount of €41,256 ($56,500) including interest of €2,896 ($4,000) (implicit interest rate 4.786%). The lease term is 36 months with equal monthly installments of €1,146 ($1,570). The net present value of the lease at June 30, 2014 was €2,280 ($3,100).

Note 5.

Calculation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

(in thousands, except per share amounts)		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
Numerator:
Net Income	$	153	$	150	$	860	$	75
Numerator for basic earnings per share - income available to common shareholders		153		150		860		75
Effect of dilutive securities:
Numerator for diluted earnings per share - income available to common shareholders after assumed conversions	$	153	$	150	$	860	$	75

Denominator:
Denominator for basic earnings per share - weighted-average shares		3,014		2,998		3,014		2,992
Effect of dilutive securities:
Employee stock options		(5)		(1)		-		-
Warrants		393		407		393		204
Dilutive potential common shares		388		406		393		204
Denominator for diluted earnings per share - weighted-average shares and assumed conversions		3,402		3,404		3,407		3,196
*Basic earnings per common share*	$	0.05	$	0.05	$	0.29	$	0.03
*Diluted earnings per common share*	$	0.04	$	0.04	$	0.25	$	0.02

For the three and six month periods ended June 30, 2014 and 2013, approximately 106,000 and 65,000, respectively, of shares issuable upon exercise of employee stock options were excluded from the calculation of diluted earnings per share as the exercise price was greater than the average market price of the common shares and, therefore, the effect would be anti-dilutive.

TOR Minerals International, Inc. and Subsidiaries
Notes to the Condensed Consolidated Financial Statements
(Unaudited)

Note 6.

Segment Information

The Company and its subsidiaries operate in the business of pigment manufacturing and related products in three geographic segments. All U.S. manufacturing is done at the facility located in Corpus Christi, Texas. Foreign manufacturing is done by the Company’s wholly-owned foreign operations, TMM, located in Malaysia and TPT, located in The Netherlands. A summary of the Company’s manufacturing operations by geographic segment is presented below in thousands:

		United States (Corpus Christi)		Europe (TPT)		Asia (TMM)		Inter-Company Eliminations		Consolidated
As of and for the three months ended:
*June 30, 2014*
Net Sales:
Customer sales	$	8,451	$	3,092	$	849	$	-	$	12,392
Intercompany sales		-		2,133		3,241		(5,374)		-
Total Net Sales	$	8,451	$	5,225	$	4,090	$	(5,374)	$	12,392

Location income (loss)	$	(8)	$	603	$	(473)	$	31	$	153

*June 30, 2013*
Net Sales:
Customer sales	$	7,872	$	1,698	$	1,162	$	-	$	10,732
Intercompany sales		-		1,647		3,306		(4,953)		-
Total Net Sales	$	7,872	$	3,345	$	4,468	$	(4,953)	$	10,732

Location income (loss)	$	(19)	$	46	$	205	$	(82)	$	150
As of and for the six months ended:
*June 30, 2014*
Net Sales:
Customer sales	$	16,397	$	5,807	$	3,320	$	-	$	25,524
Intercompany sales		57		3,968		3,884		(7,909)		-
Total Net Sales	$	16,454	$	9,775	$	7,204	$	(7,909)	$	25,524

Location income (loss)	$	46	$	1,147	$	(429)	$	96	$	860

Location assets	$	21,020	$	11,500	$	20,180	$	-	$	52,700

*June 30, 2013*
Net Sales:
Customer sales	$	15,584	$	4,176	$	2,399	$	-	$	22,159
Intercompany sales		56		3,322		5,639		(9,017)		-
Total Net Sales	$	15,640	$	7,498	$	8,038	$	(9,017)	$	22,159

Location income (loss)	$	29	$	265	$	(193)	$	(26)	$	75

Location assets	$	22,655	$	10,747	$	23,901	$	-	$	57,303

TOR Minerals International, Inc. and Subsidiaries
Notes to the Condensed Consolidated Financial Statements
(Unaudited)

Product sales of inventory between the U.S., Asian and European operations are based on inter-company pricing, which includes an inter-company profit margin. In the geographic information, the location profit (loss) from all locations is reflective of these inter-company prices, as is inventory at the Corpus Christi location prior to elimination adjustments. Such presentation is consistent with the internal reporting reviewed by the Company’s chief operating decision maker. The elimination entries include an adjustment to the cost of sales resulting from the adjustment to ending inventory to eliminate inter-company profit, and the reversal of a similar adjustment from a prior period. To the extent there are net increases/declines period over period in Corpus Christi inventories that include an inter-company component, the net effect of these adjustments can decrease/increase location profit.

Sales from the subsidiary to the parent company are based upon profit margins which represent competitive pricing of similar products. Intercompany sales consisted of SR, HITOX, ALUPREM and TIOPREM.

Note 7.

Stock Options and Equity Compensation Plan

For the three and six month periods ended June 30, 2014, the Company recorded stock-based employee compensation expense of $47,000 and $70,000, respectively. For the three and six month periods ended June 30, 2013, the Company recorded stock-based employee compensation expense of $46,000 and $62,000, respectively. This compensation expense is included in the selling, general and administrative expenses in the accompanying consolidated statements of income.

The Company granted 20,500 options during each of the six month periods ended June 30, 2014 and 2013.

As of June 30, 2014, there was approximately $432,000 of stock-based employee compensation expense related to non-vested awards which is expected to be recognized over a weighted average period of 3.18 years.

As most options issued under the Company’s 2000 Incentive Plan are incentive stock options, the Company does not normally receive significant excess tax benefits relating to the compensation expense recognized on vested options.

Note 8.

Inventories

Following is a summary of inventory at June 30, 2014 and December 31, 2013, in thousands:

		June 30,		December 31,
		2014		2013
Raw materials	$	12,075	$	12,852
Work in progress		1,665		1,866
Finished goods		3,385		5,306
Supplies		1,082		1,034
Total Inventories		18,207		21,058
Inventory reserve		(136)		(305)
Net Inventories	$	18,071	$	20,753

TOR Minerals International, Inc. and Subsidiaries
Notes to the Condensed Consolidated Financial Statements
(Unaudited)

Note 9.

Derivatives and Other Financial Instruments

The Company has exposure to certain risks relating to its ongoing business operations, including financial, market, political and economic risks. The following discussion provides information regarding our exposure to the risks of changing foreign currency exchange rates. The Company has not entered into these contracts for trading or speculative purposes in the past, nor do we currently anticipate entering into such contracts for trading or speculative purposes in the future. The foreign exchange contracts are used to mitigate uncertainty and volatility, and to cover underlying exposures.

Foreign Currency Forward Contracts

We manage the risk of changes in foreign currency exchange rates, primarily at our Asian operation, through the use of foreign currency contracts. Foreign exchange contracts are used to protect the Company from the risk that the eventual cash flows resulting from transactions in foreign currencies, including sales and purchases transacted in a currency other than the functional currency, will be adversely affected by changes in exchange rates. We report the fair value of the derivatives on our condensed consolidated balance sheets and changes in the fair value are recognized in earnings in the period of the change.

At June 30, 2014, we marked these contracts to market, recording $14,000 as a current asset on the condensed consolidated balance sheet. For the three and six month periods ended June 30, 2014, we recorded a net gain on these contracts of $14,000 and $23,000, respectively, as a component of our net income. For the three and six month periods ended June 30, 2013, we recorded a net gain on these contracts of $3,000 and $24,000, respectively, as a component of our net income.

The following table summarizes the gross fair market value of all derivative instruments, which are not designated as hedging instruments and their location in our condensed consolidated balance sheets at June 30, 2014 and December 31, 2013, in thousands:

Asset Derivatives
Derivative Instrument	Location		June 30, 2014		December 31, 2013
Foreign Currency Exchange Contracts	Other Current Assets	$	14	$	-

Liability Derivatives
Derivative Instrument	Location		June 30, 2014		December 31, 2013
Foreign Currency Exchange Contracts	Accrued Expenses	$	-	$	14

The following table summarizes, in thousands, the impact of the Company’s derivatives on the condensed consolidated financial statements of income for the quarters ended June 30, 2014 and 2013:

	Location of Gain		Amount of Gain Recognized in Operations
Derivative	on Derivative		Three Months Ended June 30,				Six Month Ended June 30,
Instrument	Instrument		2014		2013		2014		2013
Foreign Currency Exchange Contracts	Gain on foreign currency exchange rate	$	14	$	3	$	23	$	24

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Company Overview

We are a global producer of high performance, specialty mineral products focused on product innovation and technical support. Our specialty mineral products, which include flame retardant and smoke suppressant fillers, engineered fillers, and TiO2-color hybrid pigments, are designed for use in plastics, coatings, paints and catalysts applications, as well as a wide range of other industrial applications. With operations in the United States, Europe and Asia, our mission is to bring high value products and superior levels of service to our customers to help ensure their success.

Our U.S. operation, located in Corpus Christi, Texas, is also the global headquarters for the Company. TPT, our European operation, located in Hattem, Netherlands, and TMM, our Asian operation, located in Ipoh, Malaysia. Following is a list of our current specialty mineral products and a brief description of the unique characteristics which lend to the high performance of these specialty products.

ALUPREM®

Premium Alumina Trihydrate (ATH) and Boehmite (AMH) products are produced at our European operation and are designed for the most demanding worldwide applications. In-house engineered surface treatment is available for enhance performance benefits.

ALUPREM TB and SR Boehmite alumina products are suitable for a broad range of applications including wire and cable, printed circuit boards, catalysts, high-tech polishing, coatings and pigments. Performance benefits include high temperature flame retardant, improved mechanical properties and scratch resistance, good resin compatibility and high brightness.

ALUPREM XHL is specially designed ATH for “Extra High Loading” to meet more stringent flame retardant and smoke suppressant requirements for sheet molding compound (“SMC”), bulk molding compound (“BMC”), pultrusion and other thermoset composite applications.

ALUPREM TA Bayer and TG ultra-white / translucent grade ATH products are designed for color critical applications like Solid Surface and performance driven uses such as wire and cable.

HITOX®

HITOX (high grade titanium dioxide) is a high quality, cost-effective, beige colored titanium dioxide pigment produced at both our U.S. and Asian operations. In products which require opacity and color, HITOX can reduce the amount of expensive organic and inorganic pigments as well as white TiO2. HITOX is used in a broad range of paint and coatings and plastics applications including architectural, coil backers, powder, container, wood, traffic, paper, primers, adhesive and sealants, roof coatings and PVC.

BARTEX® and BARYPREM®

High whiteness and brightness, chemical inertness and controlled particle sizing are features of BARTEX. Barium Sulfate’s high density is one of the primary reasons it is used as a pigment. Suitable for use in both acid and basic conditions, BARTEX gives weight and body to products ranging from powder coatings to rubber products and plastics. BARTEX is also used as an extender pigment in top coats and primers.

OPTILOAD®

OPTILOAD ATH is specially developed for “Optimum Loading”, offering a halogen-free solution for passing the most stringent flame retardant and smoke suppressant requirements. With increasing legislative concerns over smoke and toxicity associated with older halogenated systems, interest in re-formulation with OPTILOAD is growing. Produced at our U.S. operation, the low viscosity OPTILOAD series offers high performance in a wide range of thermoset composite applications including SMC, BMC, pultrusion, resin infusion and spray-up / hand lay-up.

HALTEX®

HALTEX ATH is an economical, non-toxic, flame retardant and smoke suppressant filler produced at our U.S. operation for supply to the North American market. HALTEX features tightly controlled particle sizing to meet specific application performance requirements. Quality is suitable for a broad range of uses including electrical components, SMC, BMC, adhesives and sealants, roof coatings, foam insulation and rubber mining belts.

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

TIOPREM®

TIOPREM is a high performance TiO2 colored hybrid pigment produced at both the U.S. and Asian operations. TIOPREM offers excellent heat stability making it suitable for use in high temperature resins and coatings. Typical applications are plastic master batch, color concentrates and liquid color. TIOPREM exhibits good opacity and is cost-effective in formulation, partially replacing more expensive heat stable pigments as well as white Titanium Dioxide.

Our business is closely correlated with the construction industry and its demand for materials that use pigments, such as paints and plastics. This has generally led to higher sales in our second and third quarters due to increases in construction and maintenance during warmer weather. Also, pigment consumption is closely correlated with general economic conditions. When the economy is in an expansionary state, there is typically an increase in pigment consumption while a slow down typically results in decreased pigment consumption. When the construction industry or the economy is in a period of decline, TOR's sales and profit are likely to be adversely affected.

Operating expenses in the foreign locations are primarily in local currencies. Accordingly, we have exposure to fluctuation in foreign currency exchange rates. These fluctuations impact the translation of sales, earnings, assets and liabilities from local currency to the U.S. Dollar.

Following are our results for the three and six month periods ended June 30, 2014 and 2013.

		(Unaudited)
(In thousands, except per share amounts)		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
NET SALES	$	12,392	$	10,732	$	25,524	$	22,159
Cost of sales		10,885		9,020		21,865		18,953
GROSS MARGIN		1,507		1,712		3,659		3,206
Technical services and research and development		54		171		100		324
Selling, general and administrative expenses		1,114		1,247		2,227		2,525
Loss on disposal of assets		-		-		-		10
OPERATING INCOME		339		294		1,332		347
OTHER INCOME (EXPENSE):
Interest expense, net		(95)		(99)		(190)		(183)
Gain (Loss) on foreign currency exchange rate		(57)		20		(61)		(67)
Other, net		-		-		5		12
INCOME BEFORE INCOME TAX		187		215		1,086		109
Income tax expense		34		65		226		34
NET INCOME	$	153	$	150	$	860	$	75

Earnings per common share:
Basic	$	0.05	$	0.05	$	0.29	$	0.03
Diluted	$	0.04	$	0.04	$	0.25	$	0.02

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

Results of Operations

Net Sales: Consolidated net sales increased approximately 15% or $1,660,000 and 15% or $3,365,000 for the three and six month periods ended June 30, 2014, respectively. The growth in sales for both the three and six month periods of 2014 is primarily related to an increase in volume of our specialty mineral products, ALUPREM and BARTEX.

Following is a summary of our consolidated products sales for the three and six month periods ended June 30, 2014 and 2013 (in thousands). All inter-company sales have been eliminated.

		(Unaudited)
		Three Months Ended June 30,									Six Months Ended June 30,
Product		2014			2013			Variance			2014			2013			Variance
ALUPREM	$	5,369	43%	$	3,137	29%	$	2,232	71%	$	9,745	38%	$	7,024	32%	$	2,721	39%
HITOX		3,448	28%		3,797	36%		(349)	-9%		7,144	28%		7,836	35%		(692)	-9%
BARTEX / BARYPREM		2,383	19%		2,160	20%		223	10%		4,646	18%		4,045	18%		601	15%
HALTEX / OPTILOAD		858	7%		903	8%		(45)	-5%		1,741	7%		1,750	8%		(9)	-1%
TIOPREM		150	1%		567	5%		(417)	-74%		501	2%		1,147	5%		(646)	-56%
SYNTHETIC RUTILE		-	0%		-	0%		-	100%		1,365	5%		-	0%		1,365
OTHER		184	2%		168	2%		16	10%		382	2%		357	2%		25	7%
Total	$	12,392	100%	$	10,732	100%	$	1,660	15%	$	25,524	100%	$	22,159	100%	$	3,365	15%

ALUPREM sales increased 71% for the three month period ended June 30, 2014 and 39% for the six month period ended June 30, 2014, primarily related to an increase in volume from a large U.S. and European customer.

HITOX sales decreased 9% for both the three and six month periods ended June 30, 2014, primarily due to the weakness in the global TiO2 market, as well as the entry into the TiO2 market by producers of white TiO2 in China. For the second quarter of 2014, volume and selling price decreased approximately 3% and 6%, respectively, and for the six month period ended June 30, 2014, volume decreased only slightly; however, the selling price decreased approximately 7% and the impact of the change in foreign currency reduced HITOX year to date sales approximately 3%.

BARTEX/BARYPREM sales increased 10% and 15% during the three and six month periods ended June 30, 2014, respectively. For the three and six month periods, volume increased approximately 9% and 14%, respectively, and a change in selling price and the impact of the change in foreign currency accounted for an increase during both periods of approximately 1%.

HALTEX/OPTILOAD sales decreased 5% and 1% for the three and six month periods ended June 30, 2014, respectively. For the quarter ended June 30, 2014, volume decreased approximately 5%. The year to date decline consisted of an increase in volume of 1% which was partially offset by a change in product mix resulting in a reduction of 2%.

TIOPREM sales decreased 74% and 56% for the three and six month periods ended June 30, 2013, respectively. Volume decreased 71% during the second quarter of 2014 and the selling price decreased 3%. For the year to date period, sales volume decreased 53% and the selling price decreased 3%.

Synthetic Rutile (“SR”) represented 5% of our overall sales during the six month period ended June 30, 2014. Producers of white TiO2 in China have contributed to the weakness in the global TiO2 market. However, historically, we have not sold SR on a regular basis to third party customers. Our SR is typically produced for our own internal consumption. We did not sell SR during the second quarter of 2014 nor was any SR sold during the six month period ended June 30, 2013.

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

U.S. Operations

Our U.S. operation manufactures and sells HITOX, BARTEX, HALTEX/OPTILOAD and TIOPREM to third party customers. In addition, we purchase ALUPREM and HITOX from our subsidiaries, TPT and TMM, for distribution in the Americas. Following is a summary of net sales for our U.S. operation for the three and six month periods ended June 30, 2014 and 2013 (in thousands), as well as a summary of the material changes. All inter-company sales have been eliminated.

		(Unaudited)
		Three Months Ended June 30,									Six Months Ended June 30,
Product		2014			2013			Variance			2014			2013			Variance
ALUPREM	$	3,012	36%	$	2,055	26%	$	957	47%	$	5,479	33%	$	4,244	27%	$	1,235	29%
HITOX		2,352	28%		2,420	31%		(68)	-3%		4,656	28%		5,020	33%		(364)	-7%
BARTEX		1,931	23%		1,803	23%		128	7%		3,707	23%		3,282	21%		425	13%
HALTEX / OPTILOAD		858	10%		903	11%		(45)	-5%		1,741	11%		1,750	11%		(9)	-1%
TIOPREM		120	1%		533	7%		(413)	-77%		446	3%		972	6%		(526)	-54%
OTHER		178	2%		158	2%		20	13%		368	2%		316	2%		52	16%
Total	$	8,451	100%	$	7,872	100%	$	579	7%	$	16,397	100%	$	15,584	100%	$	813	5%

ALUPREM sales in the U.S. increased 47% and 29% for the three and six month periods ended June 30, 2014, respectively. The increase in U.S. ALUPREM sales for the three and six month periods ended June 30, 2014 is due to an increase in volume of a significant U.S. customer.

HITOX sales decreased 3% for the three month period ended June 30, 2014, due to a decrease in selling price of 3% as compared to the same period of 2013, primarily related to the continued weakening of the TiO2 market which is driving down the global selling price of TiO2 products. For the six month period ended June 30, 2014, the 7% decrease in HITOX sales was primarily related to a decrease in selling price of 5% and a decrease in volume of 2%.

BARTEX sales increased 7% and 13% the three and six month periods ended June 30, 2014, respectively. For the second quarter of 2014, an increase in volume of 8% was partially offset by a decrease in selling price of 1%; and for the six month period ended June 30, 2014, the increase in volume of 14% was partially offset by a decrease in selling price of 1%.

TIOPREM sales in the U.S. decreased 77% and 54% during the three and six month periods ended June 30, 2014, respectively. For the second quarter of 2014, volume decreased 74% and selling price decreased 3%; and for the six month period ended June 30, 2012, volume decreased 50% and selling price decreased sales 4%.

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

European Operations

Our subsidiary in The Netherlands, TPT, manufactures and sells ALUPREM to third party customers, as well as to our U.S. operation for distribution to U.S. customers. In addition, TPT purchases HITOX from TMM for distribution in Europe. The following table represents TPT’s sales (in thousands) for the three and six month periods ended June 30, 2014 and 2013 to third party customers. All inter-company sales have been eliminated.

		(Unaudited)
		Three Months Ended June 30,									Six Months Ended June 30,
Product		2014			2013			Variance			2014			2013			Variance
ALUPREM	$	2,357	76%	$	1,082	64%	$	1,275	118%	$	4,266	74%	$	2,780	67%	$	1,486	53%
BARYPREM		452	15%		357	21%		95	27%		939	16%		763	18%		176	23%
HITOX		253	8%		232	14%		21	9%		552	9%		582	14%		(30)	-5%
TIOPREM		30	1%		27	1%		3	11%		50	1%		51	1%		(1)	-2%
Total	$	3,092	100%	$	1,698	100%	$	1,394	82%	$	5,807	100%	$	4,176	100%	$	1,631	39%

ALUPREM sales in Europe increased 118% for the three month period ended June 30, 2014, primarily due to an increase in volume of 49%, product mix of 58% and the impact of the change in the foreign currency rate of approximately 11%. For the six month period ended June 30, 2014, ALUPREM sales increased 53% primarily due to an increase in volume of 32%, product mix of 14% and the impact of the change in the foreign currency rate of approximately 7%. The increase in volume and product mix is primarily related to our continued development of new high performance, specialty mineral products, as well as our focus on product innovation and technical support which has enabled TPT to grow its customer base.

HITOX sales in Europe increased 9% for the second quarter of 2014 primarily due to an increase in volume. For the six month period ended June 30, 2014, HITOX sales decreased approximately 5%, primarily due to a decrease in selling price of approximately 10% which was partially offset by the impact of the change in the foreign currency rate of approximately 5%. The European HITOX sales continue to be impacted by the overall weakness in the global TiO2 market.

BARYPREM sales in Europe increased 27% for the three month period ended June 30, 2014, primarily due to an increase in volume, selling price and the impact of the change in the foreign currency rate of approximately 13%, 9% and 5%, respectively. For the six month period ended June 30, 2014, sales increased 23%, primarily due to an increase in volume, selling price and the impact of the change in the foreign currency rate of approximately 15%, 4% and 4%, respectively.

TIOPREM sales in Europe increased 11% during the second quarter of 2014, primarily due to an increase in volume, selling price and the impact of the change in the foreign currency rate of approximately 4%, 4% and 3%, respectively. For the six month period ended June 30, 2014, TIOPREM sales decreased approximately 2%, primarily due to a decrease in volume.

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

Asian Operations

Our subsidiary in Malaysia, TMM, manufactures and sells HITOX and SR to third party customers, as well as to our U.S. operation and TPT. The following table represents TMM’s sales (in thousands) for the three and six month periods ended June 30, 2014 and 2013 to third party customers. All inter-company sales have been eliminated.

		(Unaudited)
		Three Months Ended June 30,									Six Months Ended June 30,
Product		2014			2013			Variance			2014			2013			Variance
HITOX	$	843	99%	$	1,145	98%	$	(302)	-26%	$	1,936	58%	$	2,234	93%	$	(298)	-13%
TIOPREM		-	0%		7	1%		(7)	-100%		5	> 1%		124	5%		(119)	-96%
SYNTHETIC RUTILE		-	0%		-	0%		-	0%		1,365	41%		-	0%		1,365	100%
OTHER		6	1%		10	1%		(4)	-40%		14	1%		41	2%		(27)	-66%
Total	$	849	100%	$	1,162	100%	$	(313)	-27%	$	3,320	100%	$	2,399	100%	$	921	38%

HITOX sales in Asia decreased 26% and 13% for the three and six month periods ended June 30, 2014, respectively. For the second quarter of 2014, volume and selling price decreased 12% and 14%, respectively. For the six month period ended June 30, 2013, the 4% increase in volume was offset by a decrease in selling price and the impact of the change in the foreign currency rate of 11% and 6%, respectively. The HITOX market in Asia continues to decline due to the weakness in the TiO2 market, as well as the entry into the TiO2 market by producers of white TiO2 in China.

TIOPREM sales in Asia decreased 100% and 96% during the three and six month periods ended June 30, 2014. For the second quarter of 2014, TMM did not sell any TIOPREM to third parties. For the six month period ended June 30, 2014, volume decreased approximately 91% and the impact of the change in the foreign currency rate reduced sales approximately 5%.

Synthetic Rutile (“SR”) represented 41% of TMM’s overall sales during the six month period ended June 30, 2014. Producers of white TiO2 in China have contributed to the weakness in the global TiO2 market. However, historically, we have not sold SR on a regular basis to third party customers. Our SR is typically produced for our own internal consumption. We did not sell SR during the second quarter of 2014 nor was any SR sold during the six month period ended June 30, 2013.

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

Other Consolidated Results

Gross Margin: The following table represents our net sales, cost of sales and gross margin for the three and six month periods ended June 30, 2014 and 2013, in thousands.

		(Unaudited)
		Three Months Ended June 30,				Six Months Ended June 30,
		2014		2013		2014		2013
NET SALES	$	12,392	$	10,732	$	25,524	$	22,159
Cost of sales		10,885		9,020		21,865		18,953
GROSS MARGIN	$	1,507	$	1,712	$	3,659	$	3,206
GROSS MARGIN %		12%		16%		14%		14%

For the three month period ended June 30, 2014, gross margin decreased approximately 4%. The primary factors influencing the decrease in gross margin include a decrease of approximately 6% related to the SR plant at TMM being idle the entire second quarter of 2014, which was partially offset by an increase in selling price and the impact of the change in the foreign currency rate of approximately 2%.

For the six month period ended June 30, 2014, the gross margin remained flat at 14%.

Selling, General, Administrative and Expenses (“SG&A”): SG&A expense decreased approximately 11% during the three month period ended June 30, 2014, primarily related to a decrease in selling expense and salaries of approximately 10% and 7%, respectively, which was partially offset by an increase in various SG&A expenses of 6%.

For the six month period ended June 30, 2014, SG&A expenses decreased approximately 12%, primarily due to a decrease in selling expense and salaries of approximately 6% and 11%, respectively, which was partially offset by an increase in various SG&A expenses of 5%.

Interest Expense: Net interest expense decreased approximately $4,000 for the second quarter of 2014 and increased approximately $7,000 for the six month period ended June 30, 2014, as compared to the same periods of 2013, primarily due to a decrease in our long and short-term financing at both the U.S. and European operations and an increase at our Asian operation.

Income Taxes: Income taxes consisted of federal and state income tax expense of approximately $11,000 and $2,000, respectively, and foreign tax expense of approximately $21,000 for the three month period ended June 30, 2014, as compared to a federal tax benefit of approximately $24,000 and state income tax expense of approximately $2,000, respectively, and foreign tax expense of approximately $87,000 for the same three month period in 2013.

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

Liquidity, Capital Resources and Other Financial Information

Long-term Debt – Financial Institutions

Following is a summary of our long-term debt to financial institutions as of June 30, 2014 and December 31, 2013, in thousands:

		June 30,
		2014		December 31,
		(Unaudited)		2013
Fixed Rate term note payable to a U.S. bank, with an interest rate of 5.5% at June 30, 2014, due January 1, 2016, secured by real estate, leasehold improvements, property, plant and equipment, inventory and accounts receivable of our U.S. operation.	$	701	$	911
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.85% at June 30, 2014, due July 1, 2029, secured by TPT's land and office building purchased July 2004. (€246)		337		351
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.3% at June 30, 2014, due January 31, 2030, secured by TPT's land and building purchased January 2005. (€271)		371		386
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.05% at June 30, 2014, due July 31, 2015, secured by TPT's assets. (€33)		46		80
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.25% at June 30, 2014. Paid off June 30, 2014.		-		139
Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% at June 30, 2014, due March 1, 2015, secured by TMM's property, plant and equipment. (RM 2,042)		636		801
Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% at June 30, 2014, due October 25, 2018, secured by TMM's property, plant and equipment. (RM 4,750)		1,479		1,290
Total		3,570		3,958
Less current maturities		1,197		1,040
Total long-term debt - financial institutions	$	2,373	$	2,918

Short-term Debt

U.S. Operations

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

European Operations

Asian Operations

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

Cash and Cash Equivalents

As noted on the following table, cash and cash equivalents increased $905,000 for the six months ended June 30, 2014 as compared to a decrease of $1,908,000 for the six months ended June 30, 2013, in thousands.

		(Unaudited)
		Six Months Ended June 30,
		2014		2013
Net cash provided by (used in)
Operating activities	$	3,435	$	(2,066)
Investing activities		(901)		(2,578)
Financing activities		(1,659)		2,845
Effect of exchange rate fluctuations		30		(109)
Net increase (decrease) in cash and cash equivalents	$	905	$	(1,908)

Operating Activities

Operating activities provided cash of $3,435,000 in cash during the first six months of 2014 as compared to using cash of $2,066,000 during the same period of 2013. Following are the major changes in working capital affecting cash used by operating activities for the six month period ended June 30, 2014:

· Accounts Receivable: Accounts receivable increased $1,777,000 during the first six months of 2014. The increase in accounts receivable is primarily due to stronger sales in the second quarter 2014 compared to the fourth quarter of 2013. Accounts receivable increased $2,030,000 at the U.S. operation and $392,000 at TPT and decreased at TMM $645,000.

· Inventories: Inventories decreased $3,107,000 during the first six months of 2014. Inventories at the U.S. operation decreased $265,000, primarily related to a decrease in finished goods which was partially offset by an increase in raw materials. TMM’s inventory decreased approximately $2,834,000, primarily related to a decrease in SR feedstock. TPT’s inventory decreased approximately $8,000, primarily due to a decrease in raw materials.

· Other Current Assets: Other current assets increased $713,000 during the first six months of 2014. Prepaid expenses at the U.S. operation increased $105,000, primarily related to the timing of insurance premiums, TPT’s increased $386,000, primarily due to the prepayment of payroll taxes, deposits on equipment parts and timing of insurance premiums and TMM’s increased $222,000, primarily due to the timing of deposits paid on equipment.

· Accounts Payable and Accrued Expenses: Trade accounts payable and accrued expenses increased $45,000 during the first six months of 2014. Accounts payable and accrued expenses at the U.S. operation increased $110,000, primarily related to the timing of raw material purchases; TPT’s increased $478,000, primarily related to capital expenditures and an increase in tax accruals; and TMM’s decreased $543,000, primarily due to a reduction in raw material inventory.

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

Investing Activities

We used $901,000 of cash in investing activities during the first six months of 2014, primarily for the purchase of fixed assets as compared to $2,578,000 during the same period 2013. Net investments for each of our three locations are as follows:

· U.S. Operation: We invested approximately $225,000 and $565,000 in 2014 and 2013, respectively, primarily related to capital maintenance and production equipment.

· European Operation: We invested approximately $455,000 and $578,000 in 2014 and 2013, respectively, for new equipment to increase the production capacity of ALUPREM.

· Asian Operation: We invested approximately $221,000 and $1,435,000 in 2014 and 2013, respectively, primarily related to improved efficiency and yield of SR production.

Financing Activities

Financing activities used cash of $1,659,000 during the six month period ended June 30, 2014 as compared to providing cash of $2,845,000 for the same period 2013. Significant factors relating to financing activities include the following:

· Lines of Credit

· U.S. Operation: Borrowings on our U.S. line of credit were not utilized by the Company during the six month period ended June 30, 2014, as compared to an increase of $700,000 during the first six months of 2013.

· European Operation: Borrowings on TPT’s line of credit decreased $576,000 during the six month period ended June 30, 2014, as compared to an increase of $50,000 during the same period of 2013.

· Asian Operation: Borrowings on TMM’s line of credit decreased $190,000 during the six month period ended June 30, 2014, as compared to an increase of $587,000 during the same period of 2013.

· Export Credit Refinancing Facility (ECR): TMM’s borrowing on the ECR decreased $468,000 during the six month period ended June 30, 2014, as compared to an increase of $1,492,000 for the same period in 2013.

· Capital Leases: Capital leases decreased approximately $9,000 during the first six months of 2014 as compared to a decrease of approximately $24,000 for the same period in 2013.

· Long-term Debt:

· U.S. Operation: Our U.S. long-term debt decreased $209,000 and $195,000 for the six month periods ended June 30, 2014 and 2013, respectively.

· European Operation: TPT’s long-term debt decreased $199,000 and $210,000 for the six month periods ended June 30, 2014 and 2013, respectively.

· Asian Operation: TMM’s long-term debt decreased $19,000 for the six month period ended June 30, 2014 and increased $178,000 for the six month period ended June 30, 2013.

Proceeds from Issuance of Common Stock: We received $11,000 from the issuance of common stock during the first six months of 2014 related to the exercise of stock options. For the same six month period of 2013, we received $267,000 from the issuance of common stock related to the exercise of stock options.

TOR Minerals International, Inc. and Subsidiaries
Management’s Discussion and Analysis of Financial Condition and Results of Operations

Off-Balance Sheet Arrangements and Contractual Obligations

No material changes have been made to the “Off-Balance Sheet Arrangements and Contractual Obligations” noted in the Company’s 2013 Annual Report on Form 10-K except as noted above.

Item 4.

Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, management of the Company has evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are effective (i) to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms; and (ii) to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

Changes in Internal Controls

During the last fiscal quarter, there were no changes in the Company's internal controls over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) of the Exchange Act) that have materially affected, or is reasonably likely to materially affect, the Company’s internal controls over financial reporting.

Part II - Other Information

Item 6.

Exhibits

(a)	Exhibits
	Exhibit 31.1	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
	Exhibit 31.2	Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
	Exhibit 32.1	Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
	Exhibit 32.2	Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Signatures:

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	TOR Minerals International, Inc.
	____________
	(Registrant)

Date:	July 29, 2014	OLAF KARASCH Olaf Karasch President and Chief Executive Officer

Date:	July 29, 2014	BARBARA RUSSELL Barbara Russell Chief Financial Officer

EX-31 2 ceo31-1.htm EXHIBIT 31.1 - CEO CERFITICATION Exhibit 31.1 - CEO Certification

Exhibit 31.1

CERTIFICATIONS

I, Olaf Karasch, certify that:

1. I have reviewed this Form 10-Q of TOR Minerals International, Inc.;

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

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

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

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

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

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

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

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

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

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

Date: July 29, 2014

/s/ Olaf Karasch

Olaf Karasch
President and Chief Executive Officer

EX-31 3 cfo31-2.htm EXHIBIT 31.2 - CFO CERFITICATION Exhibit 31.2 - CFO Certification

Exhibit 31.2

CERTIFICATIONS

I, Barbara Russell, certify that:

1. I have reviewed this Form 10-Q of TOR Minerals International, Inc.;

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

Date: July 29, 2014

/s/ Barbara Russell

Barbara Russell
Chief Financial Officer

EX-32 4 ceo32-1.htm EXHIBIT 32.1 - CEO CERFITICATION Exhibit 32 Exhibit 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

In connection with the Quarterly Report on Form 10-Q of TOR Minerals, Inc. ("Registrant") for the quarter ended June 30, 2014 (the "Report") as filed with the Securities and Exchange Commission, the undersigned Chief Executive Officer of the Registrant hereby certifies, pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that:

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

/s/ OLAF KARASCH
Olaf Karasch
President and Chief Executive Officer
(Principal Executive Officer)
July 29, 2014

EX-32 5 cfo32-2.htm EXHIBIT 32.2 - CFO CERFITICATION Exhibit 32 Exhibit 32.2

Certification of Acting Chief Financial Officer
Pursuant to 18 U.S.C. Section 1350, as Adopted
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report on Form 10-Q of TOR Minerals, Inc. ("Registrant") for the quarter ended June 30, 2014 (the "Report") as filed with the Securities and Exchange Commission, the undersigned Chief Financial Officer of the Registrant hereby certifies, pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that:

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant

/s/ BARBARA RUSSELL
Barbara Russell
Chief Financial Officer
(Principal Financial Officer)
July 29 2014

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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> The following table summarizes the valuation of our financial instruments recorded on a fair value basis as of June 30, 2014 and December 31, 2013, in thousands.  The Company did not hold any non-financial assets and/or non-financial liabilities subject to fair value measurements at June 30, 2014 or at December 31, 2013.   <div class="CursorPointer"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style=" border-collapse: collapse;"> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td valign="bottom" colspan="15" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: center;"> Fair Value Measurements </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 36%; vertical-align: bottom;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: #000000 1pt solid; border-color: #000000; padding: 0px; width: 16%; vertical-align: bottom;"> Total </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; border-top: #000000 1pt solid;"> </td> <td colspan="3" style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px; width: 16%; vertical-align: bottom;"> Quoted Prices in Active Markets (Level 1) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; border-top: #000000 1pt solid;"> </td> <td colspan="3" style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px; width: 16%; vertical-align: bottom;"> Significant Other Observable Inputs (Level 2) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; border-top: #000000 1pt solid;"> </td> <td colspan="3" style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px; width: 16%; vertical-align: bottom;"> Significant Unobservable Inputs (Level 3) </td> <td style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Asset </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> June 30, 2014 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Currency forward contracts </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">14</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">14</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Liability </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> December 31, 2013 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Currency forward contracts </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">(14)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">(14)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> </table> </div> </div>

<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">The carrying amounts and estimated fair values of the Company's long-term debt, including current maturities, are summarized below, in thousands: <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style=" border-collapse: collapse;"> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td valign="bottom" colspan="7" style=" border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; text-align: center;"> June 30, 2014</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td valign="bottom" colspan="7" style=" border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px;"> December 31, 2013 </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 36%; vertical-align: bottom;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 16%; vertical-align: bottom;"> Carrying Value </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 16%; vertical-align: bottom;"> Fair Value </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 16%; vertical-align: bottom;"> Carrying Value </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 16%; vertical-align: bottom;"> Fair Value </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">       Long-term debt, including  current portion </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">3,570</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">3,356</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">3,958</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">3,697</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> </table> </div>

406000

393000

204000

106000

65000

-1000

393000

407000

393000

204000

388000

75000

153000

150000

860000

75000

-5000

65000

<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> The following table sets forth the computation of basic and diluted earnings per share:   <div class="CursorPointer"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style=" border-collapse: collapse;"> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> (in thousands, except per share amounts) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td valign="bottom" colspan="7" style=" border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px;"> Three Months Ended June 30, </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td valign="bottom" colspan="7" style=" border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px;"> Six Months Ended June 30, </td> <td align="center" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; width: 52%;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; width: 12%;"> 2014 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; width: 12%;"> 2013 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; width: 12%;"> 2014 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; width: 12%;"> 2013 </td> <td align="center" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> Numerator: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Net Income </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">153</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">150</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">860</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">75</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Numerator for basic earnings per share -  income available to common shareholders </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">153</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">150</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">860</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">75</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Effect of dilutive securities: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Numerator for diluted earnings per share -  income available to common shareholders  after assumed conversions </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">153</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">150</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">860</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">75</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr> <td valign="bottom" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> Denominator: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Denominator for basic earnings per share -  weighted-average shares </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">3,014</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">2,998</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">3,014</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">2,992</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Effect of dilutive securities: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Employee stock options </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">(5)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">(1)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Warrants </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">393</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">407</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">393</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">204</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Dilutive potential common shares </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">388</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">406</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">393</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">204</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Denominator for diluted earnings per share -  weighted-average shares and assumed conversions </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">3,402</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">3,404</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">3,407</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">3,196</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Basic earnings per common share </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">0.05</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">0.05</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">0.29</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">0.03</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Diluted earnings per common share </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">0.04</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">0.04</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">0.25</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">0.02</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> </table> </div> </div>

1034000

18207000

21058000

136000

305000

18071000

20753000

5225000

4090000

-5374000

12392000

153000

150000

860000

106000

38360

2133000

3241000

-5374000

8451000

4000

0.04786 1570

3100

48000

56500

P36M

52500

35166

41256

2896

1146

2280

603000

-473000

31000

47000

70000

46000

62000

20500

432000

P3Y2M5D

20500

12075000

12852000

1665000

1866000

3385000

5306000

1082000

<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> Following is a summary of inventory at June 30, 2014 and December 31, 2013, in thousands:   <div class="CursorPointer"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style=" border-collapse: collapse;"> <tr> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td valign="bottom" colspan="3" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">  June 30, </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td valign="bottom" colspan="3" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">  December 31, </td> <td align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 70%; text-align: center; vertical-align: bottom;"> </td> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%; text-align: center; vertical-align: bottom;"> 2014 </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%; text-align: center; vertical-align: bottom;"> 2013 </td> <td align="center" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Raw materials </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" align="right" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">12,075</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" align="right" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">12,852</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Work in progress </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" align="right" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">1,665</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" align="right" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">1,866</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Finished goods </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" align="right" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">3,385</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" align="right" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">5,306</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Supplies </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" align="right" colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">1,082</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" align="right" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">1,034</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Total Inventories </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" align="right" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">18,207</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" align="right" colspan="2" style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">21,058</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Inventory reserve </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" align="right" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">(136)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" align="right" colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">(305)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Net Inventories </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-top: #000000 1pt solid; border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" align="right" colspan="2" style=" border-top: #000000 1pt solid; border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">18,071</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" align="right" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">20,753</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> </table> </div> </div>

8451000

3092000

849000

12392000

153000

7872000

1698000

1162000

10732000

1647000

3306000

-4953000

7872000

3345000

4468000

-4953000

10732000

-19000

46000

205000

-82000

150000

16397000

5807000

3320000

25524000

57000

3968000

3884000

-7909000

16454000

9775000

7204000

-7909000

25524000

46000

1147000

-429000

96000

860000

21020000

11500000

20180000

52700000

15584000

4176000

2399000

22159000

56000

3322000

5639000

-9017000

15640000

7498000

8038000

-9017000

22159000

29000

265000

-193000

-26000

75000

22655000

10747000

23901000

57303000

<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">A summary of the Company's manufacturing operations by geographic segment is presented below in thousands:   <div class="CursorPointer"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style=" border-collapse: collapse;"> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 25%;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%;"> United States (Corpus Christi) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%;"> Europe (TPT) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%;"> Asia (TMM) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%;"> Inter-Company Eliminations </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%;"> Consolidated </td> <td align="center" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td colspan="5" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> As of and for the three months ended: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> June 30, 2014 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Net Sales: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Customer sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">8,451</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,092</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">849</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">12,392</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Intercompany sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">2,133</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,241</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(5,374)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Total Net Sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">8,451</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">5,225</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">4,090</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(5,374)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">12,392</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location income (loss) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(8)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">603</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(473)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">31</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">153</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> June 30, 2013 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Net Sales: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Customer sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">7,872</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">1,698</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">1,162</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">10,732</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Intercompany sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">1,647</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,306</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(4,953)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Total Net Sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">7,872</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,345</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">4,468</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(4,953)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">10,732</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location income (loss) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(19)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">46</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">205</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(82)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">150</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td colspan="5" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> As of and for the six months ended: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> June 30, 2014 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Net Sales: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Customer sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">16,397</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">5,807</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,320</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">25,524</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Intercompany sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">57</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,968</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,884</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(7,909)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Total Net Sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">16,454</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">9,775</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">7,204</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(7,909)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">25,524</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location income (loss) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">46</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">1,147</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(429)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">96</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">860</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location assets </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">21,020</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">11,500</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">20,180</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">52,700</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> June 30, 2013 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Net Sales: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Customer sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">15,584</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">4,176</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">2,399</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">22,159</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Intercompany sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">56</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,322</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">5,639</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(9,017)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Total Net Sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">15,640</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">7,498</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">8,038</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(9,017)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">22,159</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location income (loss) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">29</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">265</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(193)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(26)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">75</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location assets </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">22,655</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">10,747</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">23,901</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">57,303</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> </table> </div> </div>

54000

171000

100000

324000

1114000

1247000

2227000

2525000

<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> Note 6.   Segment Information The Company and its subsidiaries operate in the business of pigment manufacturing and related products in three geographic segments.  All U.S. manufacturing is done at the facility located in Corpus Christi, Texas.  Foreign manufacturing is done by the Company's wholly-owned foreign operations, TMM, located in Malaysia and TPT, located in The Netherlands.  A summary of the Company's manufacturing operations by geographic segment is presented below in thousands:   <div>   <div class="CursorPointer"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style=" border-collapse: collapse;"> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 25%;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%;"> United States (Corpus Christi) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%;"> Europe (TPT) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%;"> Asia (TMM) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%;"> Inter-Company Eliminations </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 15%;"> Consolidated </td> <td align="center" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td colspan="5" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> As of and for the three months ended: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> June 30, 2014 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Net Sales: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Customer sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">8,451</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,092</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">849</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">12,392</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Intercompany sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">2,133</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,241</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(5,374)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Total Net Sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">8,451</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">5,225</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">4,090</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(5,374)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">12,392</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location income (loss) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(8)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">603</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(473)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">31</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">153</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> June 30, 2013 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Net Sales: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Customer sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">7,872</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">1,698</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">1,162</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">10,732</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Intercompany sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">1,647</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,306</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(4,953)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Total Net Sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">7,872</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,345</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">4,468</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(4,953)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">10,732</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location income (loss) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(19)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">46</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">205</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(82)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">150</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td colspan="5" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> As of and for the six months ended: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> June 30, 2014 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Net Sales: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Customer sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">16,397</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">5,807</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,320</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">25,524</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Intercompany sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">57</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,968</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,884</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(7,909)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Total Net Sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">16,454</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">9,775</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">7,204</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(7,909)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">25,524</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location income (loss) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">46</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">1,147</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(429)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">96</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">860</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location assets </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">21,020</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">11,500</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">20,180</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">52,700</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> June 30, 2013 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Net Sales: </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Customer sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">15,584</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">4,176</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">2,399</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">22,159</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Intercompany sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">56</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">3,322</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">5,639</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(9,017)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;"> </td> <td colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Total Net Sales </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">15,640</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">7,498</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">8,038</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(9,017)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">22,159</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location income (loss) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">29</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">265</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(193)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">(26)</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">75</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; text-align: right;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location assets </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">22,655</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">10,747</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">23,901</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; padding-right: 5px;">$</td> <td colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 9pt; font-family : Times New Roman; text-align: right;">57,303</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> </table> </div> </div> <div class="CursorPointer"></div>   Product sales of inventory between the U.S., Asian and European operations are based on inter-company pricing, which includes an inter-company profit margin.  In the geographic information, the location profit (loss) from all locations is reflective of these inter-company prices, as is inventory at the Corpus Christi location prior to elimination adjustments.  Such presentation is consistent with the internal reporting reviewed by the Company's chief operating decision maker.  The elimination entries include an adjustment to the cost of sales resulting from the adjustment to ending inventory to eliminate inter-company profit, and the reversal of a similar adjustment from a prior period.  To the extent there are net increases/declines period over period in Corpus Christi inventories that include an inter-company component, the net effect of these adjustments can decrease/increase location profit.   Sales from the subsidiary to the parent company are based upon profit margins which represent competitive pricing of similar products.  Intercompany sales consisted of SR, HITOX, ALUPREM and TIOPREM. </div>

14000

3000

23000

24000

-10000

339000

294000

<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> The following table summarizes, in thousands, the impact of the Company's derivatives on the condensed consolidated financial statements of income for the quarters ended June 30, 2014 and 2013: <div class="CursorPointer"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style=" border-collapse: collapse;"> <tr> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Location of Gain </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td valign="bottom" align="center" colspan="15" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Amount of Gain Recognized in Operations</td> <td align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Derivative </td> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> on Derivative </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td valign="bottom" align="center" colspan="7" style=" border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px;"> Three Months Ended June 30,</td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td valign="bottom" align="center" colspan="7" style=" border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px;">  Six Month Ended June 30, </td> <td align="center" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 24%; vertical-align: bottom;"> Instrument </td> <td valign="bottom" align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center; width: 24%; vertical-align: bottom;"> Instrument </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center; width: 13%; vertical-align: bottom;"> 2014 </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center; width: 13%; vertical-align: bottom;"> 2013 </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center; width: 13%; vertical-align: bottom;"> 2014 </td> <td align="center" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; text-align: center; width: 13%; vertical-align: bottom;"> 2013 </td> <td align="center" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="top" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Foreign Currency     Exchange Contracts </td> <td valign="top" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="top" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Gain on foreign currency   exchange rate </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">14</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" align="right" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">3</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" align="right" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">23</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; text-align: right; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td align="left" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" align="right" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap;">24</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top; text-align: left;"> </td> </tr> </table> </div> </div>

<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> The following table summarizes the gross fair market value of all derivative instruments, which are not designated as hedging instruments and their location in our condensed consolidated balance sheets at June 30, 2014 and December 31, 2013, in thousands:   <div class="CursorPointer"> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style=" border-collapse: collapse;"> <tr style=" background-color: #c5d9f1;"> <td colspan="11" valign="bottom" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> Asset Derivatives </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 26%; vertical-align: bottom;"> Derivative Instrument </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 26%; vertical-align: bottom;"> Location </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 24%; vertical-align: bottom;"> June 30, 2014 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 24%; vertical-align: bottom;"> December 31, 2013 </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="top" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Foreign Currency     Exchange Contracts </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Other Current Assets </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">14</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: top;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td colspan="11" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> Liability Derivatives </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> Derivative Instrument </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> Location </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"> June 30, 2014 </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td valign="bottom" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"> December 31, 2013 </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="top" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Foreign Currency     Exchange Contracts </td> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Accrued Expenses </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; white-space: nowrap; text-align: right;">14</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> </table> </div> </div>

1332000

347000

95000

99000

190000

183000

-57000

20000

14000

10885000

9020000

21865000

18953000

1507000

1712000

3659000

3206000

-61000

-67000

-5000

-12000

-152000

-79000

-246000

-238000

187000

215000

1086000

109000

34000

65000

226000

34000

0.05

0.29

0.03

0.04

0.25

0.02

3014000

2998000

3014000

2992000

3402000

3404000

3407000

3196000

386000

0.0405

33000

46000

80000

0.0425

139000

0.052

2042000

636000

<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> Following is a summary of our long-term debt to financial institutions as of June 30, 2014 and December 31, 2013, in thousands:  <div class="CursorPointer"><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style=" border-collapse: collapse;"> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> June 30, </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td valign="bottom" colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> 2014 </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">  December 31, </td> <td align="center" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 68%; vertical-align: bottom;"> </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 16%; vertical-align: bottom;"> (Unaudited) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; padding-right: 5px; padding-left: 5px;"> </td> <td colspan="3" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; width: 16%; vertical-align: bottom;"> 2013 </td> <td align="center" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Fixed Rate term note payable to a U.S. bank, with an interest rate of 5.5% at June 30, 2014, due January 1, 2016, secured by real estate, leasehold improvements, property, plant and equipment, inventory and accounts receivable of our U.S. operation. </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">701</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">911</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.85% at June 30, 2014, due July 1, 2029, secured by TPT's land and office building purchased July 2004.  (€246) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">337</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">351</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.3% at June 30, 2014, due January 31, 2030, secured by TPT's land and building purchased January 2005.  (€271) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">371</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">386</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.05% at June 30, 2014, due July 31, 2015, secured by TPT's assets.  (€33) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">46</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">80</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.25% at June 30, 2014. Paid off June 30, 2014. </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">-</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">139</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% at June 30, 2014, due March 1, 2015, secured by TMM's property, plant and equipment. (RM 2,042) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">636</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">801</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% at June 30, 2014, due October 25, 2018, secured by TMM's property, plant and equipment. (RM 4,750) </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">1,479</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">1,290</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Total </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">3,570</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-top: #000000 1pt solid; border-left: none; border-right: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">3,958</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Less current maturities </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">1,197</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;"> </td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 1pt solid; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">1,040</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr> <td valign="bottom" style=" border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"> Total long-term debt - financial institutions </td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">2,373</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; padding-right: 5px; padding-left: 5px;"> </td> <td style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; padding-right: 5px;">$</td> <td valign="bottom" colspan="2" style=" border-bottom: #000000 2.80pt double; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; font-family : Times New Roman; vertical-align: bottom; text-align: right;">2,918</td> <td style=" border-left: none; border-right: none; border-color: #000000; padding: 0px;"> </td> </tr> <tr style=" background-color: #c5d9f1;"> <td valign="bottom" style=" border-left: none; border-right: none; border-color: #000000; padding: 0px; vertical-align: top; background-color: #ffffff;"> </td> </tr> </table> </div> </div>

801000

0.052

4750000

1479000

1290000

3570000

3958000

1197000

1040000

2373000

0.055

701000

911000

0.0385

246000

337000

351000

0.033

271000

371000

2918000

1000000

2000000

0.055 0.045

650000

1100000

0.028

0.03452

363000

497000

500000

6460000

5000000

156000

2012000

1557000

1000000

9300000

1200000

25000000

311000

2896000

374000

7785000

700000

218000

0.0220

0.0125

0.010

11169000

3478000

0.049

2029-07-01

2014-04-30

1.0 to 1.0

0.10

2015-07-31

2018-10-25

0.0125

2030-01-31

1.0 to 1.0

2014-10-15

2015-03-01

1.0 to 1.0 1.25 to 1.0 2.76 to 1.0

2013-10-15

3825000

2920000

6330000

4526000

1310000

596000

29536000

28795000

23141000

23799000

23000

52617000

3117000

3279000

1634000

1397000

715000

1477000

3478000 3866000

17000

66000

3000

12000

10161000

11137000

406000

18000

12940000

14073000

1.25

6000000

3014000

3012000

3767000

3765000

29444000

29365000

2513000

1653000

4053000

3761000

39777000

38544000

52717000

52617000

1.25

3014000

3012000

6000000

3478000

713000

-356000

45000

881000

3435000

-2066000

901000

2580000

2000

-901000

-2578000

-766000

1337000

-468000 1492000 -9000 -24000

236000

276000

663000

503000

11000 267000

-1659000

2845000

30000

-109000

905000

-1908000

2799000

891000

191000

157000

70000

240000

1701000

1533000

70000

62000

319000

-71000

-170000

-15000

-7000

1777000

1419000

-3107000

2016-01-01

TOR MINERALS INTERNATIONAL INC 0000842295 10-Q 2014-06-30 false --12-31 Smaller Reporting Company 2014 Q2

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Taxes Paid Income taxes paid Income Tax, Policy [Policy Text Block] Income Taxes Increase (Decrease) In Accounts Receivable Increase (Decrease) In Other Current Assets Accounts payable and accrued expenses Increase (Decrease) In Accounts Payable and Accrued Liabilities Changes in working capital: Increase (Decrease) In Operating Capital [Abstract] Increase (Decrease) In Inventories 6% Convertible debenture Incremental Common Shares Attributable To Conversion Of Debt Securities Warrants Incremental Common Shares Attributable To Call Options and Warrants Employee stock options Incremental Common Shares Attributable To Share-Based Payment Arrangements Interest Expense Convertible debenture interest expense Interest Expense, Debt Interest Paid Interest paid 6% Convertible debenture interest expense Interest On Convertible Debt, Net Of Tax Plus: 6% Convertible Debenture Interest Expense Inventories, net EX-101.PRE 11 torm-20140630_pre.xml EXHIBIT 101.PRE EXCEL 12 Financial_Report.xlsx IDEA: 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Stock Options and Equity Compensation Plan (Details) (USD $)	3 Months Ended	6 Months Ended
Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based employee compensation expense	$ 47,000	$ 46,000	$ 70,000	$ 62,000
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based employee compensation expense	$ 432,000		$ 432,000
Unrecognized compensation cost weighted average recognition period			3 years 2 months 5 days
Number of options granted to purchase shares of common stock			20,500	20,500

Debt and Notes Payable (Short-term Debt Narrative) (Details)	1 Months Ended				6 Months Ended			1 Months Ended								6 Months Ended			6 Months Ended					6 Months Ended			6 Months Ended
	May 31, 2013 Line of credit [Member] HSBC Bank Malaysia Berhad [Member]	Jan. 31, 2014 Line of credit [Member] American Bank [Member]	May 31, 2013 Line of credit [Member] American Bank [Member]	Dec. 31, 2010 Line of credit [Member] American Bank [Member] USD ($)	Jun. 30, 2014 Line of credit [Member] American Bank [Member] USD ($)	May 15, 2013 Line of credit [Member] American Bank [Member]	Mar. 01, 2012 Line of credit [Member] American Bank [Member] USD ($)	Jan. 31, 2014 Line of credit [Member] American Bank [Member] Four month period ended April 30, 2014	Jan. 31, 2014 Line of credit [Member] American Bank [Member] Six month period ending June 30, 2014	Jan. 31, 2014 Line of credit [Member] American Bank [Member] Nine month period ending September 30, 2014	Jan. 31, 2014 Line of credit [Member] American Bank [Member] Twelve month period ending December 31, 2014	Mar. 31, 2007 Line of credit [Member] Rabobank [Member] EUR (€)	Jun. 30, 2014 Line of credit [Member] Rabobank [Member] USD ($)	Jun. 30, 2014 Line of credit [Member] Rabobank [Member] MYR	Mar. 20, 2007 Line of credit [Member] Rabobank [Member] EUR (€)	Jun. 30, 2014 Overdraft facility [Member] HSBC Bank Malaysia Berhad [Member]	May 21, 2013 Overdraft facility [Member] HSBC Bank Malaysia Berhad [Member] USD ($)	May 21, 2013 Overdraft facility [Member] HSBC Bank Malaysia Berhad [Member] MYR	Jun. 30, 2014 Overdraft facility [Member] RHB Bank Berhad [Member]	Apr. 17, 2013 Overdraft facility [Member] RHB Bank Berhad [Member] USD ($)	Apr. 17, 2013 Overdraft facility [Member] RHB Bank Berhad [Member] MYR	Jun. 30, 2014 Import/export line ("ECR") [Member] USD ($)	Jun. 30, 2014 Import/export line ("ECR") [Member] MYR	Jun. 30, 2014 Import/export line ("ECR") [Member] HSBC Bank Malaysia Berhad [Member]	May 21, 2013 Import/export line ("ECR") [Member] HSBC Bank Malaysia Berhad [Member] USD ($)	May 21, 2013 Import/export line ("ECR") [Member] HSBC Bank Malaysia Berhad [Member] MYR	Jun. 30, 2014 Import/export line ("ECR") [Member] RHB Bank Berhad [Member]	Apr. 17, 2013 Import/export line ("ECR") [Member] RHB Bank Berhad [Member] USD ($)	Apr. 17, 2013 Import/export line ("ECR") [Member] RHB Bank Berhad [Member] MYR	May 21, 2013 Foreign exchange contract limit [Member] HSBC Bank Malaysia Berhad [Member] USD ($)	May 21, 2013 Foreign exchange contract limit [Member] HSBC Bank Malaysia Berhad [Member] MYR	Jun. 30, 2014 Foreign exchange contract limit [Member] RHB Bank Berhad [Member] USD ($)	Jun. 30, 2014 Foreign exchange contract limit [Member] RHB Bank Berhad [Member] MYR	Apr. 17, 2013 Foreign exchange contract limit [Member] RHB Bank Berhad [Member] USD ($)	Apr. 17, 2013 Foreign exchange contract limit [Member] RHB Bank Berhad [Member] MYR	Apr. 17, 2013 Bank guarantee [Member] RHB Bank Berhad [Member] USD ($)	Apr. 17, 2013 Bank guarantee [Member] RHB Bank Berhad [Member] MYR
Line of Credit Facility [Line Items]
Maximum credit facility				$ 1,000,000			$ 2,000,000								€ 650,000		$ 156,000	500,000		$ 311,000	1,000,000				$ 2,012,000	6,460,000		$ 2,896,000	9,300,000	$ 1,557,000	5,000,000			$ 7,785,000	25,000,000	$ 374,000	1,200,000
Outstanding balance					0								497,000	363,000								3,478,000	11,169,000									218,000	700,000
Increase in line of credit												€ 1,100,000
Maturity date	Apr. 30, 2014		Oct. 15, 2014	Oct. 15, 2013
Minimum floor rate for line of credit				5.50%		4.50%
Current ratio of cash flow to debt service maintained by the company					2.76 to 1.0
Standard ratio of cash flow to debt service must be maintained by the company		1.25 to 1.0						1.0 to 1.0	1.0 to 1.0	1.0 to 1.0	1.0 to 1.0
Current interest rate															3.452%							4.90%	4.90%									2.20%	2.20%
Variable interest of credit facility												2.80%				1.25%			1.25%					1.00%			10.00%

Derivatives and Other Financial Instruments (Narrative) (Details) (Foreign Currency Exchange Contracts [Member], Not designated as hedging instrument [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014 Other Expense: Gain (loss) on foreign currency exchange rate [Member]	Jun. 30, 2013 Other Expense: Gain (loss) on foreign currency exchange rate [Member]	Jun. 30, 2014 Other Expense: Gain (loss) on foreign currency exchange rate [Member]	Jun. 30, 2013 Other Expense: Gain (loss) on foreign currency exchange rate [Member]	Jun. 30, 2014 Other Current Assets [Member]	Dec. 31, 2013 Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivatives, Gain Recognized in Income	$ 14	$ 3	$ 23	$ 24
Derivative asset, Fair value gross asset					14
Derivative liability, Fair value gross liability						$ 14

Capital Leases (Details) (Diependael Leasing)	6 Months Ended
Capital Leases (Details) (Diependael Leasing)	Jun. 30, 2014 USD ($)	Jun. 30, 2014 EUR (€)	Sep. 04, 2011 USD ($)	Sep. 04, 2011 EUR (€)
Capital Leased Assets [Line Items]
Cost of the equipment under the capital lease			$ 52,500	€ 38,360
Accumulated amortization of the leased equipment	48,000	35,166
Capital lease amount	56,500	41,256
Interest on capital lease	4,000	2,896
Implicit interest rate	4.786%	4.786%
Lease term	36 months	36 months
Equal monthly installments	1,570	1,146
Net present value of the lease	$ 3,100	€ 2,280

Segment Information (Narrative) (Details)	6 Months Ended
Segment Information (Narrative) (Details)	Jun. 30, 2014 Segment
Segment Reporting [Abstract]
Number of geographic segments	3

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 860	$ 75
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	1,701	1,533
Loss on disposal of assets		10
Share-based compensation	70	62
Deferred income tax expense (benefit)	319	(71)
Change in inventory reserve	(170)	(15)
Provision for bad debts	(7)
Changes in working capital:
Trade accounts receivables	(1,777)	(1,419)
Inventories	3,107	(3,478)
Other current assets	(713)	356
Accounts payable and accrued expenses	45	881
Net cash provided by (used in) operating activities	3,435	(2,066)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property, plant and equipment	(901)	(2,580)
Proceeds from sales of property, plant and equipment		2
Net cash used in investing activities	(901)	(2,578)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (payments on) proceeds from lines of credit	(766)	1,337
Net (payments on) proceeds from export credit refinancing facility	(468)	1,492
Payments on capital leases	(9)	(24)
Proceeds from long-term bank debt	236	276
Payments on long-term bank debt	(663)	(503)
Proceeds from the issuance of common stock and exercise of common stock options	11	267
Net cash (used in) provided by financing activities	(1,659)	2,845
Effect of foreign currency exchange rate fluctuations on cash and cash equivalents	30	(109)
Net increase (decrease) in cash and cash equivalents	905	(1,908)
Cash and cash equivalents at beginning of period	2,920	2,799
Cash and cash equivalents at end of period	3,825	891
Supplemental cash flow disclosures:
Interest paid	191	157
Income taxes paid	$ 70	$ 240

Derivatives and Other Financial Instruments (Schedule of Gross fair Market Value of Derivative Instruments) (Details) (Foreign Currency Exchange Contracts [Member], Not designated as hedging instrument [Member], USD $) In Thousands, unless otherwise specified	Jun. 30, 2014 Other Current Assets [Member]	Dec. 31, 2013 Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Contract to market recorded as current assets	$ 14
Derivative liability, Fair value gross liability		$ 14

Debt and Notes Payable (Summary of Long-term Debt to Financial Institutions) (Details) In Thousands, unless otherwise specified			6 Months Ended		6 Months Ended			6 Months Ended			6 Months Ended					6 Months Ended			6 Months Ended
	Jun. 30, 2014 USD ($)	Dec. 31, 2013 USD ($)	Jun. 30, 2014 Fixed rate term note payable to a U.S. bank, with an interest rate of 5.5% due January 1, 2016 [Member] USD ($)	Dec. 31, 2013 Fixed rate term note payable to a U.S. bank, with an interest rate of 5.5% due January 1, 2016 [Member] USD ($)	Jun. 30, 2014 Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.85% due July 1, 2029 [Member] USD ($)	Jun. 30, 2014 Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.85% due July 1, 2029 [Member] EUR (€)	Dec. 31, 2013 Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.85% due July 1, 2029 [Member] USD ($)	Jun. 30, 2014 Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.3% due January 31, 2030 [Member] USD ($)	Jun. 30, 2014 Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.3% due January 31, 2030 [Member] EUR (€)	Dec. 31, 2013 Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.3% due January 31, 2030 [Member] USD ($)	Jun. 30, 2014 Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.05% due July 31, 2015 [Member] USD ($)	Jun. 30, 2014 Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.05% due July 31, 2015 [Member] EUR (€)	Dec. 31, 2013 Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.05% due July 31, 2015 [Member] USD ($)	Jun. 30, 2014 Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.25% Paid off June 30, 2014 [Member]	Dec. 31, 2013 Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.25% Paid off June 30, 2014 [Member] USD ($)	Jun. 30, 2014 Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% due March 1, 2015 [Member] USD ($)	Jun. 30, 2014 Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% due March 1, 2015 [Member] MYR	Dec. 31, 2013 Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% due March 1, 2015 [Member] USD ($)	Jun. 30, 2014 Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% due October 25, 2018 [Member] USD ($)	Jun. 30, 2014 Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% due October 25, 2018 [Member] MYR	Dec. 31, 2013 Malaysian Ringgit term note payable to a Malaysian bank, with a fixed interest rate of 5.2% due October 25, 2018 [Member] USD ($)
Debt Instrument [Line Items]
Interest rate on note payable			5.50%		3.85%	3.85%		3.30%	3.30%		4.05%	4.05%		4.25%		5.20%	5.20%		5.20%	5.20%
Maturity date			Jan. 01, 2016		Jul. 01, 2029	Jul. 01, 2029		Jan. 31, 2030	Jan. 31, 2030		Jul. 31, 2015	Jul. 31, 2015				Mar. 01, 2015	Mar. 01, 2015		Oct. 25, 2018	Oct. 25, 2018
Total	$ 3,570	$ 3,958	$ 701	$ 911	$ 337	€ 246	$ 351	$ 371	€ 271	$ 386	$ 46	€ 33	$ 80		$ 139	$ 636	2,042	$ 801	$ 1,479	4,750	$ 1,290
Less current maturities	1,197	1,040
Total long-term debt - financial institutions	$ 2,373	$ 2,918

Accounting Policies	6 Months Ended
Accounting Policies	Jun. 30, 2014
Accounting Policies [Abstract]
Accounting Policies	Note 1. Accounting Policies *Basis of Presentation and Use of Estimates* The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). The interim condensed consolidated financial statements include the consolidated accounts of TOR Minerals International, Inc. (“TOR”, “we”, “us”, “our” or the “Company”) and its wholly-owned subsidiaries, TOR Processing and Trade, BV (“TPT”) and TOR Minerals Malaysia, Sdn. Bhd. (“TMM”) with all significant intercompany transactions eliminated. In our opinion, all adjustments (consisting only of normal recurring adjustments) necessary for a fair statement of the consolidated financial position, results of operations and cash flows for the interim periods presented have been made. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such SEC rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2013, in our Annual Report on Form 10-K filed with the SEC on March 10, 2014. Operating results for the three and six month periods ended June 30, 2014, are not necessarily indicative of the results for the year ending December 31, 2014. *Income Taxes* The Company records income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Income taxes consisted of federal and state income tax expense of approximately $11,000 and $2,000, respectively, and foreign tax expense of approximately $21,000 for the three month period ended June 30, 2014, as compared to a federal tax benefit of approximately $24,000 and state income tax expense of approximately $2,000, respectively, and foreign tax expense of approximately $87,000 for the same three month period in 2013. For the six month period ended June 30, 2014, income taxes consisted of federal and state income tax expense of approximately $58,000 and $4,000, respectively, and foreign tax expense of approximately $164,000, as compared to federal and state income tax expense of approximately $16,000 and $4,000, respectively, and foreign tax expense of approximately $14,000 for the same six month period in 2013. Taxes are based on an estimated annualized consolidated effective rate of 20.8% for the year ended December 31, 2014. When accounting for uncertainties in income taxes, we evaluate all tax years still subject to potential audit under the applicable state, federal and foreign income tax laws. We are subject to taxation in the United States, Malaysia and The Netherlands. Our federal income tax returns in the United States are subject to examination for the tax years ended December 31, 2010 through December 31, 2013. Our state return, which is filed in Texas, is subject to examination for the tax years ended December 31, 2009 through December 31, 2013. Our tax returns in various non-U.S. jurisdictions are subject to examination for various tax years dating back to December 31, 2008. As of January 1, 2014, we did not have any unrecognized tax benefits and there was no change during the six month period ended June 30, 2014. In addition, we did not recognize any interest and penalties in our condensed consolidated financial statements during the three and six month periods ended June 30, 2014. If any interest or penalties related to any income tax liabilities are imposed in future reporting periods, we expect to record both of these items as components of income tax expense.

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2014	Jul. 28, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	TOR MINERALS INTERNATIONAL INC
Entity Central Index Key	0000842295
Trading Symbol	torm
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,014,022
Document Type	10-Q
Document Period End Date	Jun. 30, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
CURRENT ASSETS:
Cash and cash equivalents	$ 3,825	$ 2,920
Trade accounts receivable, net	6,330	4,526
Inventories, net	18,071	20,753
Other current assets	1,310	596
Total current assets	29,536	28,795
PROPERTY, PLANT AND EQUIPMENT, net	23,141	23,799
OTHER ASSETS	23	23
Total Assets	52,700	52,617
CURRENT LIABILITIES:
Accounts payable	3,117	3,279
Accrued expenses	1,634	1,397
Notes payable under lines of credit	715	1,477
Export credit refinancing facility	3,478	3,866
Current deferred tax liability	17	66
Current maturities - capital leases	3	12
Current maturities of long-term debt - financial institutions	1,197	1,040
Total current liabilities	10,161	11,137
LONG-TERM DEBT - FINANCIAL INSTITUTIONS	2,373	2,918
DEFERRED TAX LIABILITY	406	18
Total liabilities	12,940	14,073
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Common stock $1.25 par value: authorized, 6,000 shares; 3,014 shares issued and outstanding at June 30, 2014 and 3,012 shares issued and outstanding at December 31, 2013	3,767	3,765
Additional paid-in capital	29,444	29,365
Retained earnings	2,513	1,653
Accumulated other comprehensive income:
Cumulative translation adjustment	4,053	3,761
Total shareholders' equity	39,777	38,544
Total Liabilities and Shareholders' Equity	$ 52,717	$ 52,617

Accounting Policies (Details) (USD $)	3 Months Ended		6 Months Ended
Accounting Policies (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Accounting Policies [Abstract]
Federal income tax benefit (expense)	$ (11,000)	$ 24,000	$ (58,000)	$ (16,000)
State income tax expense	(2,000)	(2,000)	(4,000)	(4,000)
Foreign tax expense	$ (21,000)	$ (87,000)	$ (164,000)	$ (14,000)
Estimated annualized consolidated effective tax rate for year 2014			20.80%

Accounting Policies (Policies)	6 Months Ended
Accounting Policies (Policies)	Jun. 30, 2014
Accounting Policies [Abstract]
Basis of Presentation and Use of Estimates	*Basis of Presentation and Use of Estimates* The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). The interim condensed consolidated financial statements include the consolidated accounts of TOR Minerals International, Inc. (“TOR”, “we”, “us”, “our” or the “Company”) and its wholly-owned subsidiaries, TOR Processing and Trade, BV (“TPT”) and TOR Minerals Malaysia, Sdn. Bhd. (“TMM”) with all significant intercompany transactions eliminated. In our opinion, all adjustments (consisting only of normal recurring adjustments) necessary for a fair statement of the consolidated financial position, results of operations and cash flows for the interim periods presented have been made. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such SEC rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2013, in our Annual Report on Form 10-K filed with the SEC on March 10, 2014. Operating results for the three and six month periods ended June 30, 2014, are not necessarily indicative of the results for the year ending December 31, 2014.
Income Taxes	*Income Taxes* The Company records income taxes using the liability method. Under this method, deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Income taxes consisted of federal and state income tax expense of approximately $11,000 and $2,000, respectively, and foreign tax expense of approximately $21,000 for the three month period ended June 30, 2014, as compared to a federal tax benefit of approximately $24,000 and state income tax expense of approximately $2,000, respectively, and foreign tax expense of approximately $87,000 for the same three month period in 2013. For the six month period ended June 30, 2014, income taxes consisted of federal and state income tax expense of approximately $58,000 and $4,000, respectively, and foreign tax expense of approximately $164,000, as compared to federal and state income tax expense of approximately $16,000 and $4,000, respectively, and foreign tax expense of approximately $14,000 for the same six month period in 2013. Taxes are based on an estimated annualized consolidated effective rate of 20.8% for the year ended December 31, 2014. When accounting for uncertainties in income taxes, we evaluate all tax years still subject to potential audit under the applicable state, federal and foreign income tax laws. We are subject to taxation in the United States, Malaysia and The Netherlands. Our federal income tax returns in the United States are subject to examination for the tax years ended December 31, 2010 through December 31, 2013. Our state return, which is filed in Texas, is subject to examination for the tax years ended December 31, 2009 through December 31, 2013. Our tax returns in various non-U.S. jurisdictions are subject to examination for various tax years dating back to December 31, 2008. As of January 1, 2014, we did not have any unrecognized tax benefits and there was no change during the six month period ended June 30, 2014. In addition, we did not recognize any interest and penalties in our condensed consolidated financial statements during the three and six month periods ended June 30, 2014. If any interest or penalties related to any income tax liabilities are imposed in future reporting periods, we expect to record both of these items as components of income tax expense.

Inventories (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Inventories [Abstract]
Raw materials	$ 12,075	$ 12,852
Work in progress	1,665	1,866
Finished goods	3,385	5,306
Supplies	1,082	1,034
Total Inventories	18,207	21,058
Inventory reserve	(136)	(305)
Net Inventories	$ 18,071	$ 20,753

Fair Value Measurements (Schedule of Valuation of Financial Instruments Recorded on a Fair Value Basis) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Fair Value
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Assets for foreign currency derivative financial instruments (including forward contracts)	$ 14
Liability for foreign currency derivative financial instruments (including forward contracts)		(14)
Significant Other Observable Inputs (Level 2)
Fair Value Assets and Liabilities Measured On Recurring Basis [Line Items]
Assets for foreign currency derivative financial instruments (including forward contracts)	14
Liability for foreign currency derivative financial instruments (including forward contracts)		$ (14)

Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Condensed Consolidated Balance Sheets [Abstract]
Common stock, par value (in dollars per share)	$ 1.25	$ 1.25
Common stock, shares authorized	6,000	6,000
Common stock, shares issued	3,014	3,012
Common stock, shares outstanding	3,014	3,012

Capital Leases	6 Months Ended
Capital Leases	Jun. 30, 2014
Capital Leases [Abstract]
Capital Leases	Note 4. Capital Leases On September 4, 2011, TPT entered into a financial lease agreement with Diependael Leasing, BV for equipment related to the production of ALUPREM. The cost of the equipment under the capital lease, in the amount of approximately €38,360 ($52,500), is included in the condensed consolidated balance sheets as property, plant and equipment. Accumulated amortization of the leased equipment at June 30, 2014 was approximately €35,166 ($48,000). The capital lease is in the amount of €41,256 ($56,500) including interest of €2,896 ($4,000) (implicit interest rate 4.786%). The lease term is 36 months with equal monthly installments of €1,146 ($1,570). The net present value of the lease at June 30, 2014 was €2,280 ($3,100).

Fair Value Measurements (Schedule of Carrying Amounts and Estimated Fair Values) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 3,570	$ 3,958
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, including current portion	$ 3,356	$ 3,697