-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TQQVF8iNY6thb330/KdjFKSMLFVMN/+F3+zSQJiI+Ub+5sdtlLxes5sqMWBNK9t2 iHatTFZYEMfA5TUC/i02Hw== 0000950116-97-002371.txt : 19971230 0000950116-97-002371.hdr.sgml : 19971230 ACCESSION NUMBER: 0000950116-97-002371 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970630 FILED AS OF DATE: 19971229 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOLMES PROTECTION GROUP INC CENTRAL INDEX KEY: 0000926764 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 061070719 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 000-24510 FILM NUMBER: 97745739 BUSINESS ADDRESS: STREET 1: 440 9TH AVE CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 2127600630 MAIL ADDRESS: STREET 1: 440 9TH AVENUE CITY: NEW YORK STATE: NY ZIP: 10001 10-Q/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1997 Commission file number 0-24510 --------- HOLMES PROTECTION GROUP, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 06-1070719 - ------------------------------- ------------------------------------ (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) Ninth Avenue, New York, New York 10001-1695 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) (212) 760-0630 ---------------------------------------------------- (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No__ Number of shares of Common Stock, par value $.01 per share, outstanding as of August 12, 1997: 6,315,791. Certain statements in this Quarterly Report on Form 10-Q/A constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions; cancellation rates of subscribers; competitive factors in the industry, including additional competition from existing competitors or future entrants to the industry; social and economic conditions; local, state and federal regulations; changes in business strategy or development plans; the Company's indebtedness; availability, terms and deployment of capital; availability of qualified personnel; and other factors detailed in the Company's Annual Report on Form - 10K/A for the fiscal year ended December 31, 1996. 2 HOLMES PROTECTION GROUP, INC. AND SUBSIDIARIES FORM 10-Q/A FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1997 INDEX
PART I FINANCIAL INFORMATION PAGE NO. Item 1. FINANCIAL STATEMENTS Consolidated Statements of Operations for the three-month and six-month periods ended June 30, 1997 and 1996.....................................................................4 Consolidated Balance Sheets as of June 30, 1997 and December 31, 1996............................5 Consolidated Statements of Cash Flows for the six-month periods ended June 30, 1997 and 1996...........................................................................6 Notes to Financial Statements....................................................................7 Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.................................................10 PART II OTHER INFORMATION Item 6. EXHIBITS ........................................................................................13 Signatures.......................................................................................14
3 Part 1 - Financial Information Item 1. Financial Statements HOLMES PROTECTION GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (000's omitted, except earnings per share data) (Unaudited)
Three Months Ended Six Months Ended ----------------------------- ---------------------------- June 30, June 30, June 30, June 30, 1997 1996 1997 1996 ------------- ------------ ---------- ----------- (Restated) (Restated) REVENUES: Monitoring and service $ 9,683 $ 8,919 $ 19,010 $ 18,012 Installation 5,360 2,422 8,432 4,654 Franchise royalties, product sales and other 1,541 1,009 2,842 1,989 ------------- ----------- ---------- ----------- Total revenues 16,584 12,350 30,284 24,655 COST OF SALES (exclusive of depreciation and amortization shown below): Monitoring and service 4,999 4,318 9,761 8,869 Installation 3,229 1,144 5,077 2,117 Franchise royalties, product sales and other 1,214 918 2,339 1,823 ------------- ----------- ---------- ----------- Total cost of sales 9,442 6,380 17,177 12,809 Selling, general and administrative 5,693 3,649 11,029 6,844 Depreciation and amortization 2,795 2,769 5,463 5,432 Non-recurring charge - - 1,500 - ------------- ----------- ---------- ----------- 17,930 12,798 35,169 25,085 Loss from operations (1,346) (448) (4,885) (430) Other income 4 - 58 11 Interest expense, net (346) (134) (560) (318) ------------- ----------- ---------- ----------- Loss before income taxes (1,688) (582) (5,387) (737) Benefit for income taxes (506) (194) (1,616) (104) ------------- ----------- ---------- ----------- Net Loss $ (1,182) $ (388) $ (3,771) $ (633) ============= =========== ========== =========== Loss per common share: $ (0.20) $ (0.09) $ (0.64) $ (0.14) ============= =========== ========== =========== Weighted Average Shares Outstanding 5,925 4,459 5,883 4,459 ============= =========== ========== ===========
(See accompanying notes.) 4 HOLMES PROTECTION GROUP, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (000's omitted)
June 30, December 31, 1997 1996 -------------------- ------------------- (Unaudited) (Restated) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 1,446 $ 990 Accounts receivable, less allowance for doubtful accounts of $990 in 1997 and $973 in 1996 8,510 5,333 Inventories 3,360 2,795 Prepaid expenses and other 3,726 2,448 -------------------- ------------------- Total current assets 17,042 11,566 -------------------- ------------------- FIXED ASSETS, net 48,318 47,198 SUBSCRIBER CONTRACTS, at cost, less accumulated amortization of $26,666 in 1997 and $25,137 in 1996 25,664 19,650 TRADENAMES, less accumulated amortization of $2,130 in 1997 and $2,045 in 1996 3,979 4,063 OTHER ASSETS 8,612 7,917 -------------------- ------------------- $ 103,615 $ 90,394 ==================== =================== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Current maturities of long-term debt $ 1,292 $ 364 Accounts payable and accrued expenses 7,888 7,290 Deferred revenue 4,648 3,969 Customer deposits 2,909 2,813 -------------------- ------------------- Total current liabilities 16,737 14,436 -------------------- ------------------- LONG-TERM LIABILITIES: Long-term debt 18,663 4,370 Other long-term liabilities 2,531 2,503 Deferred income taxes 8,691 10,457 -------------------- ------------------- Total long-term liabilities 29,885 17,330 -------------------- ------------------- SHAREHOLDERS' EQUITY: Preferred stock, $1.00 par value; 1,000 authorized; none outstanding - - Common stock, $0.01 par value; 12,000 authorized shares; 6,070 issued in 1997 and 5,835 issued in 1996 61 58 Additional paid-in capital 135,384 133,251 Accumulated deficit (78,367) (74,596) -------------------- ------------------- 57,078 58,713 Less- Treasury stock - 7 shares in 1997 and 1996 at cost (85) (85) -------------------- ------------------- Total shareholders' equity 56,993 58,628 -------------------- ------------------- $ 103,615 $ 90,394 ==================== ===================
(See accompanying notes.) 5 HOLMES PROTECTION GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (000's omitted) (Unaudited)
Six Months Ended ----------------------------- June 30, June 30, 1997 1996 ---------- ---------- (Restated) CASH FLOW FROM OPERATING ACTIVITIES: Net Income (Loss) $ (3,771) $ (633) Adjustments to reconcile net income (loss) to cash provided by operating activities - Depreciation and amortization 5,463 5,432 Provision for doubtful accounts 24 (58) Non-recurring charge 1,500 -- Deferred income taxes (1,766) (204) Changes in operating assets and liabilities - (Increase) decrease in accounts receivable (2,687) 1,107 (Increase) decrease in inventories (355) 167 (Increase) decrease in prepaid expenses and other current assets (1,277) 737 Decrease in accounts payable and accrued expenses (358) (1,811) Increase in customer deposits 96 151 Increase in deferred revenue 356 171 Decrease in pension and other liabilities (210) (536) ---------- ---------- Net cash (used in) provided by operating activities (2,985) 4,523 ---------- ---------- CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of fixed assets (4,492) (4,296) Acquisition of businesses, net of cash acquired (6,365) -- Purchase of short-term investments -- -- Maturities of short-term investments -- 2,043 Other (6) -- ---------- ---------- Net cash used by investing activities (10,863) (2,253) ---------- ---------- CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from debt obligations 13,800 -- Proceeds from exercised stock options 848 -- Payment on other long-term debt (344) (1,223) Payment on short-term borrowings -- (943) ---------- ---------- Net cash provided by (used in) financing activities 14,304 (2,166) ---------- ---------- Net increase in cash and cash equivalents 456 104 CASH AND CASH EQUIVALENTS, beginning of period 990 435 ---------- ---------- CASH AND CASH EQUIVALENTS, end of period $ 1,446 $ 539 ========== ========== CASH PAYMENTS FOR: Interest $ 306 $ 337 Income taxes $ 336 $ 111 NON-CASH INVESTING AND FINANCING ACTIVITIES: Issuance of notes payable in connection with acquired businesses $ 884 $ -- Issuance of common stock in connection with acquired businesses $ 1,288 $ --
(See accompanying notes.) 6 HOLMES PROTECTION GROUP, INC. AND SUBSIDIARIES Notes to Interim Financial Statements Note 1 Restatement Effective January 1, 1995, the Company changed its method of accounting for installation revenue with respect to the recording of non-refundable payments received from customers upon the completion of the installation of Company-owned systems. Previous to this change, the Company deferred the difference between these payments and the estimated selling costs and amortized such difference over the initial term of the non-cancelable customer monitoring and service contract (generally five years) (the "Deferral Method"). Following discussions with the staff of the Division of Corporation Finance of the Securities and Exchange Commission, in connection with a Registration Statement filed by the Company, the Company has determined to restate its consolidated financial statements for the interim periods of 1997 and the years ended December 31, 1996 and 1995 using the Deferral Method. Accordingly, the accompanying consolidated financial statements have been restated from those originally reported to reflect such determination. This Deferral Method of recording revenue had no impact on the Company's liquidity or cash flows. The following table provides selected summarized financial information illustrating the effect of the restatement on the Company's consolidated financial statements for the three months and six months ended June 30, 1997 and June 30,1996:
Three Months Ended June 30, 1997 June 30, 1996 -------------------------------- ------------------- As Originally As Originally Reported As Restated Reported As Restated --------------------------------------------------------------------------------------------------------- Revenue $16,665 $16,584 $12,191 $12,350 Loss before income taxes (1,607) (1,688) (741) (582) Net Loss (1,125) (1,182) (483) (388) Loss per common share (0.19) (0.20) (0.11) (0.09) ---------------------------------------------------------------------------------------------------------- Six Months Ended June 30, 1997 June 30, 1996 -------------------------------- ------------------- As Originally As Originally Reported As Restated Reported As Restated ---------------------------------------------------------------------------------------------------------- Revenue $30,315 $30,284 $24,483 $24,655 Loss before income taxes (5,356) (5,387) (909) (737) Net Loss (3,749) (3,771) (736) (633) Loss per common share (0.64) (0.64) (0.17) (0.14) ----------------------------------------------------------------------------------------------------------
7 Note 2 Financial Statements The restated consolidated statements of operations and statements of cash flows for the three month and six-month periods ended June 30, 1997 and 1996 and the restated balance sheet as of June 30, 1997 have been prepared by Holmes Protection Group, Inc. ("Holmes" or "the Company") without audit. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. These consolidated results should be read in conjunction with the audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K/A, filed with the Securities and Exchange Commission. Results of operations for the three-month and six-month periods ended June 30, 1997 are not necessarily indicative of the operating results expected for the full year. Interim statements are prepared on a basis consistent with year-end statements. In the opinion of management, the unaudited interim financial statements furnished herein include all adjustments necessary for a fair presentation of the results of the operations of the Company. All such adjustments are of a normal recurring nature, except for the $1,500,000 pretax charge relating to the outsourcing agreement termination (See Note 3). Note 3 Outsourcing Agreement Termination On March 12, 1997, the Company announced that it had reached an agreement in principle (the "Agreement") with PremiTech to terminate its outsourcing agreement effective April 1, 1997. Changes in the Company's growth strategy and the sale by PremiTech of its alarm monitoring business in late 1995 led both parties to re-evaluate the outsourcing agreement. On April 1, 1997, pursuant to the Agreement, the Company paid $650,000 in cash and executed a noninterest bearing promissory note ("Note") in the amount of $1,000,000 payable to EDS in twenty quarterly installments of $50,000, beginning January 1, 1998. The Note is secured by an irrevocable letter of credit for $1,000,000. In addition, the Company agreed to lease certain computer equipment for a three year term with an option to purchase the equipment at the end of the lease for the fair market value. The Company has recorded a pretax charge of $1,500,000 in connection with the Agreement. Note 4 Acquisitions In the first half of 1997, the Company acquired alarm companies for an aggregate purchase price of $6,365,000. In addition, the Company acquired three alarm companies in exchange for 91,775 shares of the Company's Common Stock. These acquisitions were accounted for using the purchase method of accounting. Accordingly, the purchase price was allocated based on their estimated values and the results of operations of the acquired entities have been included in the accompanying consolidated statements of operations from the respective dates of the acquisition. The allocation of estimated values is subject to final adjustments of purchase price. The results of operations for these acquisitions were not significant to the consolidated financial statements of the Company and therefore no pro forma financial data has been included. 8 Note 5 Recently Issued Accounting Standards In February 1997, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards (SFAS) No. 128, Earnings Per Share. This statement establishes standards for computing and presenting earnings per share (EPS), replacing the presentation of currently required primary EPS with a presentation of Basic EPS. For entities with complex capital structures, the statement requires the dual presentation of both Basic EPS and Diluted EPS on the face of the statement of operations. Under this new standard, Basic EPS is computed based on weighted average shares outstanding and excludes any potential dilution; Diluted EPS reflects potential dilution from the exercise or conversion of securities into common stock or from other contracts to issue common stock and is similar to the currently required fully diluted EPS. SFAS 128 is effective for financial statements issued for periods ending after December 15, 1997, including interim periods, and earlier application is not permitted. When adopted, the Company will be required to restate its EPS data for all prior periods presented. The Company does not expect the impact of the adoption of this statement to be material to previously reported EPS amounts. 9 Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations Restatement Effective January 1, 1995, the Company changed its method of accounting for installation revenue with respect to the recording of non-refundable payments received from customers upon the completion of the installation of Company owned systems. Previous to this change, the Company deferred the difference between these payments and the estimated selling costs and amortized such difference over the initial term of the non-cancelable customer monitoring and service contract (generally five years) (the "Deferral Method"). Following discussions with the staff of the Division of Corporation Finance of the Securities and Exchange Commission, in connection with a Registation Statement filed by the Company, the Company has determined to restate its consolidated financial statements for the interim periods of 1997 and the years ended December 31, 1996 and 1995 using the Deferral Method. Accordingly, the accompanying consolidated financial statements have been restated from those originally reported to reflect such determination. This Deferral Method of recording revenue had no impact on the Company's liquidity or cash flows. Three Months Ended June 30, 1997 Compared with Three Months Ended June 30, 1996 Revenues increased $4.2 million (34.3%) to $16.6 million in the second quarter of 1997 from $12.4 million in the second quarter of 1996. This increase was primarily attributable to an increase in installation revenue of $3.0 million (121.3%) from $2.4 million in the second quarter of 1996 to $5.4 million in the second quarter of 1997. Cost of sales increased $3.1 million (48.0%) to $9.4 million in the second quarter of 1997 from $6.4 million for the comparable period of 1996, due primarily to increased installation costs related to the growth in related revenue. Selling, general and administrative expenses increased $2.0 million (56.0%) to $5.7 million from $3.6 million for the same period of 1996. This increase is primarily related to costs associated with increased sales, marketing and administrative support as the Company implements its nation-wide growth strategy including its National Accounts operation. Depreciation and amortization expense remained constant at $2.8 million in both the second quarter of 1997 and the second quarter of 1996. Loss from operations was $1.3 million for the second quarter of 1997 compared to a loss of $0.4 million for the second quarter of 1996, primarily as a result of the investment the Company has made in selling and marketing costs partially offset by increased revenues and related cost of sales. Six Months Ended June 30, 1997 Compared with Six Months Ended June 30, 1996 Revenues increased $5.6 million (22.8%) in the six months ended June 30, 1997 to $30.3 million from $24.7 million in the six months ended June 30, 1996. This increase was primarily attributable to an increase in installation revenue of $3.8 million (81.2%). Increased revenues from the One Service business and growth in the Company's recurring revenue base also contributed to the increase. The Company's annual recurring revenue base increased from $35.0 million at December 31, 1996 to $37.2 million at June 30, 1997, principally as a result of recurring revenues acquired during the fourth quarter of 1996 and the first half of 1997. The recurring revenue base at June 30, 1996 was $34.3 million. Cost of sales increased 34.1% from $12.8 million in the six months ended June 30, 1996 to $17.2 million in the six months ended June 30, 1997. This increase was primarily the result of increased installation costs related to the growth in related revenue. Selling, general and administrative expenses were $11.0 million for the six months ended June 30, 1997 compared to $6.8 million for the same period of 1996. This increase is primarily related to costs associated with increased sales, marketing and administrative support as the Company implements its nation-wide growth strategy including its National Accounts operation. Depreciation and amortization expense was $5.5 million in the six months ended June 30, 1997 compared to $5.4 million in the six months ended June 30, 1996. Additionally, in the first quarter of 1997, the Company incurred a non-recurring charge of $1.5 million related to the termination of its Outsourcing Agreement with PremiTech (See Note 3). Loss from operations reflected a loss of $4.9 million for the six months ended June 30, 1997 compared to a loss of $0.4 million for the six months ended June 30, 1996, primarily as a result of the investment the Company has made in selling and marketing costs and the non-recurring charge, as described above. 10 Liquidity and Capital Resources Six months Ended June 30, 1997 Cash and cash equivalents increased by $0.4 million from $1.0 million to $1.4 million during the six months ended June 30, 1997. Net cash provided by financing activities was $14.3 million, offset by cash utilized by operating activities of $3.0 million and net cash utilized by investing activities of $10.9 million. Net cash utilized by operating activities of $3.0 million principally consisted of cash provided by sales of electronic security services, adjusted for non-cash charges for depreciation and amortization, an increase in accounts receivable ($2.7 million), a decrease in accounts payable and accrued expenses ($0.4 million), an increase in prepaid expenses and other current assets ($1.3 million), and an increase in deferred revenue ($0.4 million). Net cash used in investing activities consisted primarily of acquisition costs and the additions to Company-owned equipment on subscribers' premises and other fixed assets. Net cash provided by financing activities of $14.3 million during this period consisted of bank borrowings of $13.8 million and proceeds from the exercise of stock options of $0.8 million, offset by repayments of other long term debt obligations of $0.3 million. Future Commitments and Cash Requirements Liquid assets available to the Company as of June 30, 1997 included cash and cash equivalents of $1.4 million. On August 30, 1996, the Company entered into a credit agreement (the "Credit Agreement"), amended and restated as of December 31, 1996 and subsequently amended as of January 1, 1997, with Merita Bank Ltd. and Bank of Boston Connecticut (together, the "Banks") pursuant to which the Banks have agreed, subject to the terms and conditions set forth therein, to provide a two-year $25 million revolving credit facility to the Company, the borrowings pursuant to which would automatically convert into a five-year term loan on September 30, 1998. The Company's ability to obtain future borrowings under this credit facility is contingent upon its compliance with various financial covenants, tests and ratios, including those relating to (i) ratios of total debt to EBITDA, (ii) ratios of total debt to recurring monthly revenue, (iii) minimum debt service coverage, (iv) minimum net worth, (v) maximum capital expenditures and (vi) maximum subscriber attrition rate (as defined in the Credit Agreement). On June 30, 1997, the outstanding balance under the Credit Agreement was $18.3 million, including an outstanding irrevocable letter of credit of $1.0 million (See Note 3). 11 On April 4, 1995, the Company entered into a ten-year, $51 million Outsourcing Agreement with PremiTech Corporation ("Premitech"), a subsidiary of Electronic Data Systems Corporation ("EDS"), which provided for PremiTech to assist in the consolidation of the Company's central monitoring facilities, to manage the Company's technological infrastructure and to perform certain of the Company's administrative functions. On March 12, 1997, the Company reached an agreement in principle (the "Agreement") with Premitech to terminate its Outsourcing Agreement effective April 1, 1997. As a result, on April 1 1997, the Company paid $650,000 in cash and executed a noninterest bearing promissory note ("Note") in the amount of $1,000,000 payable to EDS in twenty quarterly installments of $50,000, beginning January 1, 1998. The Note is secured by an irrevocable letter of credit for $1,000,000. In addition, the Company agreed to lease certain computer equipment for a three year term with an option to purchase the equipment at the end of the lease for the fair market value. The Company believes that net cash provided by operations, together with funds available under the Credit Facility, will enable it to meet its future cash operating needs. The forgoing information under this caption "Future Commitments and Cash Requirements" is set forth as of August 14, 1997, the date of filing of the Form 10-Q being amended by this Form 10-Q/A. For current information relating to the Company's liquidity and other matters set forth under such captions, see the Company's Form 10-Q/A for the quarterly period ended September 30, 1997. 12 Part II - Other Information Item 6. Exhibits and Reports on Form 8-K (a) Exhibits: Exhibit-27 Financial Data Schedule Worksheet (For SEC Use Only). (b) No reports on Form 8-K were filed with the Securities and Exchange Commission during the quarter ended June 30, 1997. 13 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. HOLMES PROTECTION GROUP, INC. (Registrant) Date: December 29, 1997 /s/ George V. Flagg ------------------------------------ George V. Flagg President and Chief Executive Officer Date: December 29, 1997 /s/ Lawrence R. Irving ------------------------------------ Lawrence R. Irving Vice President - Finance EX-27 2 FINANCIAL DATA SCHEDULE
5 3-MOS DEC-31-1997 JUN-30-1997 1,446 0 9,500 990 3,360 17,042 126,855 78,537 103,615 16,737 19,955 0 0 61 56,932 103,615 7,316 30,284 5,931 17,177 16,492 990 (560) (5,387) (1,616) (3,771) 0 0 0 (3,771) (0.64) (0.64)
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