-----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, TCuL/Jrq1yhOxXYqdkr+DI5sLwQ0DZJCfiELLEh/QCUo0a4F8Lw4YLvX7GaRZha4 HsKVd00FSs2A/2OtO1olVQ== 0000092769-98-000010.txt : 19980720 0000092769-98-000010.hdr.sgml : 19980720 ACCESSION NUMBER: 0000092769-98-000010 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980531 FILED AS OF DATE: 19980714 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: SPECTRUM CONTROL INC CENTRAL INDEX KEY: 0000092769 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 251196447 STATE OF INCORPORATION: PA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 000-08796 FILM NUMBER: 98665803 BUSINESS ADDRESS: STREET 1: 6000 WEST RIDGE ROAD CITY: ERIE STATE: PA ZIP: 16506 BUSINESS PHONE: 8148351507 MAIL ADDRESS: STREET 1: 6000 WEST RIDGE ROAD STREET 2: 6000 WEST RIDGE ROAD CITY: ERIE STATE: PA ZIP: 16506 10-Q 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Period Ended May 31, 1998 Commission File Number 0-8796 Spectrum Control, Inc. Exact name of registrant as specified in its charter Pennsylvania 25-1196447 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 6000 West Ridge Road; Erie, Pennsylvania 16506 (Address) (Zip Code) Registrant's telephone number, including area code: (814) 835-4000 Not Applicable Former name, former address and former fiscal year, if changed since last report 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 the filing requirements for at least the past 90 days. Yes X No Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practical date. Number of Shares Outstanding Class as of June 15, 1998 Common, no par value 10,945,341 SPECTRUM CONTROL, INC. AND SUBSIDIARIES INDEX PAGE NO. PART I FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited) Consolidated Condensed Balance Sheets -- May 31, 1998 and November 30, 1997 3-4 Consolidated Condensed Statements of Income -- Three Months Ended and Six Months Ended May 31, 1998 and 1997 5 Consolidated Condensed Statements of Cash Flows -- Three Months Ended and Six Months Ended May 31, 1998 and 1997 6 Notes to Consolidated Condensed Financial Statements 7-9 Item 2. Management's Discussion and Analyis of Financial Condition and Results Operations 10-15 PART II OTHER INFORMATION Item 6. Exhibits and Reports on Form 8-K 16 Signature 17 SPECTRUM CONTROL, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS DOLLAR AMOUNTS IN THOUSANDS (UNAUDITED)
May 31, 1998 Nov. 30, 1997 ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,927 $ 196 Accounts receivable, net of allowances 9,660 9,997 Inventories Finished goods 2,692 2,159 Work-in-process 5,282 5,364 Raw materials 4,721 4,587 Total inventories 12,695 12,110 Prepaid expenses and other current assets 732 534 Total current assets 25,014 22,837 PROPERTY, PLANT AND EQUIPMENT, at cost less accumulated depreciation of $19,279 in 1998 and $17,357 in 1997 15,605 15,979 OTHER ASSETS Intangible assets 648 334 Debt issuance costs 160 165 Deferred income taxes 566 566 Deferred charges 199 175 Total other assets 1,573 1,240 TOTAL ASSETS $42,192 $40,056 The accompanying notes are an integral part of the financial statements.
SPECTRUM CONTROL, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS DOLLAR AMOUNTS IN THOUSANDS (UNAUDITED)
May 31, 1998 Nov.30, 1997 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Short-term debt $ -- $ 40 Accounts payable 2,941 3,302 Accrued salaries and wages 1,244 1,311 Accrued interest 30 45 Accrued federal and state income taxes 187 289 Accrued other expenses 406 226 Current portion of long-term debt 743 743 Total current liabilities 5,551 5,956 LONG-TERM DEBT 3,060 3,330 DEFERRED INCOME TAXES 1,731 1,225 STOCKHOLDERS' EQUITY Common stock, no par value, authorized 25,000,000 shares, issued and outstanding 10,945,341 shares in 1998 and 10,838,345 shares in 1997 14,361 13,977 Retained earnings 17,879 15,864 Foreign currency translation adjustment (390) (296) Total stockholders' equity 31,850 29,545 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $42,192 $40,056 The accompanying notes are an integral part of the financial statements.
SPECTRUM CONTROL, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF INCOME (UNAUDITED)
(Dollars in Thousands Except Per Share Data) Three Months Ended Six Months Ended May 31 May 31 1998 1997 1998 1997 Net sales $15,190 $14,376 $29,831 $27,088 Cost of products sold 10,449 9,977 20,671 18,975 Gross margin 4,741 4,399 9,160 8,113 Selling, general and administrative expense 2,979 2,971 5,884 5,647 Income from operations 1,762 1,428 3,276 2,466 Other income (expense) Interest expense (58) (125) (111) (255) Other income and expense, net 24 -- 34 -- (34) (125) (77) (255) Income before provision for income taxes 1,728 1,303 3,199 2,211 Provision for income taxes 669 364 1,184 618 Net income $ 1,059 $ 939 $ 2,015 $1,593 Earnings per common share $ 0.10 $ 0.09 $ 0.19 $ 0.15 Earnings per common share- assuming dilution $ 0.10 $ 0.09 $ 0.18 $ 0.15 The accompanying notes are an integral part of the financial statements.
SPECTRUM CONTROL, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS DOLLAR AMOUNTS IN THOUSANDS (UNAUDITED)
Six Months Ended May 31 1998 1997 NET CASH PROVIDED BY OPERATING ACTIVITIES $3,942 $3,463 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (1,164) (1,309) Payment for acquired business (1,150) -- Net cash used in investing activities (2,314) (1,309) CASH FLOWS FROM FINANCING ACTIVITIES Net repayment of short-term debt (40) (1,867) Repayment of long-term debt (270) (408) Net proceeds from issuance of common stock 384 -- Net cash provided by (used in) financing activities 74 (2,275) Effect Of Exchange Rate Changes On Cash 29 15 Net Increase (Decrease)In Cash And Cash Equivalents 1,731 (106) Cash And Cash Equivalents, Beginning Of Period 196 413 Cash And Cash Equivalents, End Of Period $1,927 $ 307 Cash Paid During The Period For: Interest $ 126 $ 246 Income taxes 715 436 The accompanying notes are an integral part of the financial statements.
SPECTRUM CONTROL, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS MAY 31, 1998 The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the accompanying financial statements include all adjustments which are normal, recurring and necessary to present fairly the results for the interim periods. Operating results for interim periods are not necessarily indicative of the results that may be expected for the year. For further information, refer to the consolidated financial statements and notes thereto included in the Spectrum Control, Inc. and Subsidiaries annual report on Form 10-K for the fiscal year ended November 30, 1997. Note 1 - Principles of Consolidation The consolidated condensed financial statements include the accounts of Spectrum Control, Inc. and its Subsidiaries (the Company). To facilitate timely reporting, the fiscal quarters of a foreign subsidiary are based upon a fiscal year which ends October 31. All significant intercompany accounts are eliminated upon consolidation. Note 2 - Foreign Currency Translation The assets and liabilities of the foreign subsidiary are translated into U.S. dollars at current exchange rates. Revenue and expense accounts of these operations are translated at average exchange rates prevailing during the period. These translation adjustments are accumulated in a separate component of stockholders' equity. Foreign currency transaction gains and losses are included in determining net income for the period in which the exchange rate changes. Note 3 - Earnings Per Common Share In the first quarter of fiscal 1998, the Company adopted Statement of Financial Accounting Standards No. 128, "Earnings Per Share" ("SFAS No. 128"). SFAS No. 128 requires, among other things, dual presentation of basic and diluted earnings per share on the face of the income statement. Under the new standard, basic earnings per share is computed using only the weighted average number of common shares outstanding during the period, while diluted earnings per share is computed assuming the conversion of all dilutive common stock equivalents, such as stock options. NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Continued) In accordance with SFAS No. 128, prior period per share amounts have been revised to reflect the new computation and presentation. The Company's basic and diluted earnings per share amounts are the same for the prior period presented in the accompanying financial statements. Accordingly, there has been no change or restatement in any historical earnings per share amounts presented herein. The following table sets forth the computation of basic and diluted earnings per common share:
Three Months Ended Six Months Ended May 31 May 31 1998 1997 1998 1997 Numerator for basic and diluted earnings per common share: Net income $ 1,059,000 $ 939,000 $ 2,015,000 $ 1,593,000 Denominator for basic earnings per common share: Weighted average shares outstanding 10,908,122 10,774,233 10,877,533 10,774,233 Denominator for diluted earnings per common share: Weighted average shares outstanding 10,908,122 10,774,233 10,877,533 10,774,233 Effect of dilutive stock options 153,341 59,501 146,962 57,868 11,061,463 10,833,734 11,024,495 10,832,101 Earnings per common share $ 0 .10 $ 0 .09 $ 0 .19 $ 0 .15 Earnings per common share-assuming dilution $ 0 .10 $ 0 .09 $ 0 .18 $ 0 .15
NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (Continued) Note 4 - Acquisition On April 22, 1998, the Company acquired substantially all of the assets of Republic Electronics Corp., a manufacturer of subminiature ceramic capacitors used in telecommunications and microwave (high frequency) applications. The assets acquired included inventories, equipment, tooling, manufacturing documentation, engineering drawings, customer information, proprietary technology and know-how. The aggregate purchase price of the acquired assets amounted to approximately $1,285,000, including related acquisition costs and estimated future contingent payments of $120,000. The actual amount of the contingent payments will be determined based upon the sales of the acquired product lines during the two years subsequent to the acquisition date. The aggregate purchase price, which was funded through available cash reserves, has been allocated to the acquired assets based upon their respective fair market values. As a result, intangible assets of approximately $385,000 were recorded and are being amortized ratably over a period of five years. The acquisition was accounted for as a purchase and, accordingly, the results of operations of the acquired business have been included in the accompanying financial statements since the date of the acquisition. The results of operations of the acquired business from April 22, 1998 to May 31, 1998, however, are not material to the Company's consolidated financial statements. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis may be understood more fully by reference to the consolidated financial statements, notes to the consolidated financial statements, and management's discussion and analysis contained in the Spectrum Control, Inc. and Subsidiaries annual report on Form 10-K for the fiscal year ended November 30, 1997. General Spectrum Control, Inc. and its Subsidiaries (the "Company") design, manufacture and market a broad line of control products and systems. The Company was founded in 1968 as a solutions-oriented company, designing and manufacturing products to suppress or eliminate electromagnetic interference ("EMI"). The Company has adapted its core EMI filter technology into a complete line of interconnect filter products (discrete filters, filtered arrays, and filtered connectors). In recent years, the Company has expanded its focus by developing new lines of power products (commercial custom assemblies, military/aerospace multisection assemblies, power entry modules, and power line filters), microwave products (coaxial ceramic bandpass filters, duplexers, and dielectric resonators), and specialty ceramic products. The Company's products are used in virtually all industries worldwide, including telecommunications, aerospace, military, medical, computer, and industrial controls. Forward-Looking Information Management's Discussion and Analysis of Financial Condition and Results of Operations includes certain forward-looking statements which reflect management's current views with respect to future operating performance, ongoing cash requirements, and the Year 2000 Issue. The words "believe", "expect", "anticipate" and similar expressions identify forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties which could cause actual results to differ materially from historical results or those anticipated. Factors that could cause or contribute to such differences include those discussed in "Risk Factors That May Affect Future Results", as well as those discussed elsewhere herein. Readers are cautioned not to place undue reliance on these forward-looking statements. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) Results of Operations The following table sets forth certain financial data, as a percentage of net sales, for the three months ended and six months ended May 31, 1998 and 1997:
Three Months Ended Six Months Ended May 31 May 31 1998 1997 1998 1997 Net sales 100.0% 100.0% 100.0% 100.0% Cost of products sold 68.8 69.4 69.3 70.0 Gross margin 31.2 30.6 30.7 30.0 Selling, general and administrative expense 19.6 20.7 19.7 20.9 Income from operations 11.6 9.9 11.0 9.1 Other income (expense) Interest expense (0.4) (0.9) (0.4) (0.9) Other income and expense, net 0.2 - 0.1 - Income before provision for income taxes 11.4 9.0 10.7 8.2 Provision for income taxes 4.4 2.5 4.0 2.3 Net income 7.0% 6.5% 6.7% 5.9%
Second Quarter 1998 Versus Second Quarter 1997 Net Sales Net sales increased 5.7% during the period, with consolidated net sales of $15.2 million in the second quarter of 1998 and $14.4 million in the comparable quarter of 1997. The increase in sales primarily reflects additional shipment volume of the Company's commercial custom assemblies which consist of telecommunication racks, power supplies, industrial controls, and other value-added assemblies. Gross Margin Gross margin was $4.7 million or 31.2% of sales in the second quarter of 1998, compared to $4.4 million or 30.6% of sales in the second quarter of 1997. The increase in gross margin percentage principally reflects changes in sales mix among the Company's four major product families: interconnect filter products, power products, microwave products, and specialty ceramic components. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) Selling, General and Administrative Expense Selling, general and administrative expense remained constant throughout the period. In the second quarter of 1998, selling expense amounted to $1.7 million or 11.1% of sales, compared to $1.7 million or 11.4% of sales in the same quarter of 1997. General and administrative expense was approximately $1.3 million in 1998 and 1997. Other Income and Expense Interest expense decreased by $67,000 during the period, from $125,000 in 1997 to $58,000 in 1998. The decrease in interest expense primarily reflects reduced bank indebtedness. Average interest rates remained stable throughout the period. Six Months 1998 Versus Six Months 1997 Net Sales For the first half of fiscal 1998 net sales increased $2.7 million or 10.1%, with net sales of $29.8 million in 1998 and $27.1 million in 1997. The increase in sales principally reflects additional shipment volume for the Company's discrete filter products, filtered connectors, and commercial custom assemblies. Customer orders received during the first six months of 1998 amounted to $31.1 million, an increase of 4.0% from the same period last year. Gross Margin For the first six months of 1998, gross margin was $9.2 million or 30.7% of sales, compared to $8.1 million or 30.0% of sales for the first half of 1997. The increase in gross margin primarily reflects changes in sales mix and economies of scale realized with additional shipment volume. Selling, General and Administrative Expense As a result of greater sales volume, selling expense increased during the period. During the first half of 1998, selling expense amounted to $3.3 million or 11.0% of sales, compared to $3.1 million or 11.5% of sales for the same period last year. General and administrative expense remained relatively stable at $2.6 million in 1998 and $2.5 million in 1997. Other Income and Expense With the Company's continued debt reduction, interest expense decreased by $144,000 during the period. Average interest rates were stable throughout the period. During the first six months of fiscal 1998, the Company recognized $34,000 of other income from certain short-term investments and patent licensing fees. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) Income Taxes The Company's effective income tax rate was 37.0% in 1998 and 28.0% in 1997, compared to an applicable statutory income tax rate of approximately 40.0%. Differences in the effective tax rate and statutory tax rate primarily reflect decreases in the deferred tax asset valuation allowance relating to certain net operating loss carryforwards. Risk Factors That May Affect Future Results The Company's results of operations may be affected in the future by a variety of factors including: competitive pricing pressures, new product offerings by the Company and it's competitors, new technologies, product cost changes, changes in the overall economic climate, availability of raw materials, and product mix. In 1998, management expects approximately 50.0% of the Company's sales will be to customers in the telecommunication industry. Accordingly, any significant change in the telecommunication industry's activity level would have a direct impact on the Company's performance. Liquidity, Capital Resources and Financial Condition The Company has a $6.0 million line of credit with PNC Bank of Erie, Pennsylvania (the "Bank"). The revolving credit line is collateralized by substantially all of the Company's tangible and intangible property, with interest rates on borrowings at or below the Bank's prevailing prime rate. At May 31, 1998, there were no borrowings outstanding under this financing arrangement. The current line of credit agreement expires April 30, 2000. The Company's wholly-owned foreign subsidiary maintains unsecured Deutsche Mark lines of credit with several German financial institutions aggregating $1.7 million (3.0 million DM). At May 31, 1998, there were no outstanding borrowings under these lines of credit. Future borrowings, if any, under the lines of credit will bear interest at rates below the prevailing prime rate and will be payable upon demand. The Company's liquidity continued to improve during the period. At May 31, 1998, the Company had net working capital of $19.5 million, compared to $16.9 million at November 30, 1997. The Company's current ratio also improved during the first six months of fiscal 1998, with current assets at 4.51 times current liabilities at May 31, 1998, compared to 3.83 at November 30, 1997. During the first half of 1998, the Company's cash expenditures for property, plant and equipment amounted to $1.2 million. These capital expenditures primarily related to manufacturing equipment for the Company's new dielectric resonators and bandpass filters product offerings and facility expansion at the Company's Control Products Division. During the first six months of 1998, the Company also repaid $310,000 of bank indebtedness. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) Current financial resources, including working capital and existing lines of credit, and anticipated funds from operations are expected to be sufficient to meet cash requirements throughout 1998, including scheduled long-term debt repayment and planned capital expenditures. There can be no assurance, however, that unplanned capital replacement or other future events will not require the Company to seek additional debt or equity financing and , if so required, that it will be available on terms acceptable to the Company. In April, 1998, the Company acquired substantially all of the assets of Republic Electronics Corp., a manufacturer of subminiature ceramic capacitors used in telecommunications and microwave (high frequency) applications. The assets acquired included inventories, equipment, tooling, manufacturing documentation, engineering drawings, customer information, proprietary technology and know-how. The cash purchase price of approximately $1.2 million was paid from available cash resources. The Company's operating cash flow was strong during the period, with net cash provided by operations of $3.9 million in 1998 and $3.5 million in 1997. In 1997, the Company substantially completed its planned reduction of short-term and long-term bank indebtedness. As a result, the Company's cash position improved significantly during the first six months of 1998. At May 31, 1998, the Company held $1.9 million of cash and cash equivalents, compared to $196,000 at November 30, 1997. Impact of Recently Issued Accounting Standards In June 1997, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 130, "Reporting and Disclosures about Comprehensive Income" and No. 131, "Disclosures about Segments of an Enterprise", which are effective for fiscal years beginning after December 15, 1997. The Company is currently evaluating the effects of these new standards. Impact of Year 2000 Issue The Year 2000 Issue is the result of computer programs being written using two digits rather than four to define the applicable year. As a result, any of the Company's computer programs that have time-sensitive software may recognize a date using "00" as the year 1900 rather than the year 2000. This could result in a system failure or miscalculations causing disruptions of operations, including among other things, a temporary inability to process transactions, prepare invoices, or engage in similar normal business activities. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) The Company has completed an assessment and determined that it will have to modify or replace portions of its software so that its computer systems will function properly with respect to dates in the year 2000 and thereafter. In addition, the Company has initiated formal communications with its significant suppliers and customers to determine the extent to which the Company's interface systems are vulnerable to those third parties' failure to remediate their own Year 2000 Issues. Based upon this communication and assessment, management anticipates that its total Year 2000 project costs will not be material. The total project is expected to be completed on or before December 31, 1998. The Company believes that with modifications to existing software and conversions to new software, the Year 2000 Issues will not pose significant operational problems for its computer systems. However, if such modifications and conversions are not made, or are not completed timely, the Year 2000 Issue could have a material impact on the operations of the Company. The costs of the project and the date on which the Company believes it will complete the Year 2000 modifications are based on management's best estimates, which were derived utilizing numerous assumptions of future events, including the continued availability of certain resources and other factors. However, there can be no guarantee that these estimates will be achieved and actual results could differ materially from those anticipated. Specific factors that might cause such material differences include, but are not limited to, the availability and cost of personnel trained in this area, the ability to locate and correct all relevant computer codes, and similar uncertainties. PART II - OTHER INFORMATION Item 6. Exhibits and Reports on Form 8-K (a) None (b) No reports on Form 8-K were filed during the quarter for which this report is filed. SIGNATURE 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. SPECTRUM CONTROL, INC. (Registrant) Date: June 26, 1998 By: /s/ John P. Freeman John P. Freeman, Vice President and Chief Financial Officer (Principal Accounting and Financial Officer) EX-27 2 ART. 5 FDS FOR SECOND QUARTER 1997 FORM 10-Q
5 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE SPECTRUM CONTROL, INC. CONSOLIDATED BALANCE SHEET AT MAY 31, 1998 AND CONSOLIDATED STATEMENT OF INCOME FOR THE SIX MONTHS ENDED MAY 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO ITS FORM 10-Q FOR THE QUARTER ENDED MAY 31, 1998 0000092769 SPECTRUM CONTROL, INC. 1000 6-MOS NOV-30-1998 MAY-31-1998 1927 0 10096 436 12695 25014 34884 19279 42192 5551 3060 0 0 14361 17489 42192 29831 29831 20671 20671 0 0 111 3199 1184 2015 0 0 0 2015 0.19 0.18
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